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Whirlpool (WHR)

Whirlpool Corporation is the world's leading kitchen and laundry appliance company, with approximately $20 billion in annual sales, 77,000 employees and 59 manufacturing and technology research centers in 2019. The company markets Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, Indesit and other major brand names in nearly every country throughout the world.

Company profile

Ticker
WHR
Exchange
CEO
Marc Bitzer
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
1900 Holdings Corporation • B. Blend Máquinas e Bebidas S.A. • BUD Comércio de Eletrodomésticos Ltda. • Bauknecht AG • Bauknecht Hausgeräte GmbH • Bill Page Orchestra, Inc. • Brasmotor Ltda • Brunson Place Properties, LLC • Centro de Desarrollo Tecnologico e Innóvación WHM, S. de R.L de C.V. • Chieri Italia S.r.l. ...
IRS number
381490038

WHR stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$196.50
Low target
$191.00
High target
$202.00
JP Morgan
Maintains
Overweight
$191.00
15 Jul 22
Goldman Sachs
Maintains
Buy
$202.00
23 Jun 22

Calendar

26 Jul 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.64B 1.64B 1.64B 1.64B 1.64B 1.64B
Cash burn (monthly) 157.33M 110.5M 110.67M (no burn) (no burn) (no burn)
Cash used (since last report) 225.1M 158.09M 158.33M n/a n/a n/a
Cash remaining 1.42B 1.48B 1.48B n/a n/a n/a
Runway (months of cash) 9.0 13.4 13.4 n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Aug 22 Christopher S Conley Common Stock Payment of exercise Dispose F No No 175.57 522 91.65K 3,863.56
1 Aug 22 Christopher S Conley Common Stock Option exercise Acquire M No No 0 1,250 0 4,385.56
1 Aug 22 Christopher S Conley Common Stock Payment of exercise Dispose F No No 175.57 358 62.85K 3,135.56
1 Aug 22 Christopher S Conley Common Stock Option exercise Acquire M No No 0 1,250 0 3,493.56
1 Aug 22 Christopher S Conley RSU Common Stock Option exercise Dispose M No No 0 1,250 0 1,250
1 Aug 22 Christopher S Conley RSU Common Stock Option exercise Dispose M No No 0 1,250 0 1,250
1 May 22 Gilles Morel Common Stock Payment of exercise Dispose F No No 176.23 684 120.54K 8,424
1 May 22 Gilles Morel Common Stock Option exercise Acquire M No No 0 3,000 0 9,108
1 May 22 Gilles Morel RSU Common Stock Option exercise Dispose M No No 0 3,000 0 0
19 Apr 22 Allen Samuel R Common Stock Grant Acquire A No No 0 849 0 17,647
13F holders Current Prev Q Change
Total holders 656 697 -5.9%
Opened positions 76 136 -44.1%
Closed positions 117 70 +67.1%
Increased positions 262 210 +24.8%
Reduced positions 219 253 -13.4%
13F shares Current Prev Q Change
Total value 9.68B 13.42B -27.9%
Total shares 56.02M 57.16M -2.0%
Total puts 1.36M 1.38M -1.6%
Total calls 1.54M 994.3K +54.9%
Total put/call ratio 0.9 1.4 -36.4%
Largest owners Shares Value Change
Vanguard 7.13M $1.23B -2.1%
BLK Blackrock 4.97M $858.41M -1.9%
Primecap Management 4.95M $855.68M -1.1%
Greenhaven Associates 2.83M $489.59M -0.0%
STT State Street 2.77M $478.49M -9.9%
FMR 2.65M $458.31M -25.6%
LSV Asset Management 2.03M $350.5M +2.4%
Boston Partners 1.78M $307.87M +1.3%
Dimensional Fund Advisors 1.43M $247.89M +3.9%
Lyrical Asset Management 1.37M $236.2M +1.1%
Largest transactions Shares Bought/sold Change
Capital International Investors 867.71K -1.28M -59.5%
FMR 2.65M -911.69K -25.6%
GS Goldman Sachs 519.59K +381.87K +277.3%
STT State Street 2.77M -305.39K -9.9%
Norges Bank 0 -246.77K EXIT
DB Deutsche Bank AG - Registered Shares 452.12K +243.13K +116.3%
Nuveen Asset Management 487.62K -242.04K -33.2%
Amundi 249.78K +166.72K +200.7%
Vanguard 7.13M -155.34K -2.1%
Renaissance Technologies 233.56K +146.7K +168.9%

Financial report summary

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Competition
PANASONICMiddleby
Risks
  • Our financial condition and results of operations have been impacted and may in the future be adversely affected by the ongoing COVID-19 outbreak.
  • We face intense competition in the major home appliance industry and failure to successfully compete could negatively affect our business and financial performance.
  • The loss of, or substantial decline in, volume of sales to any of our key trade customers, major buying groups, and/or builders could adversely affect our financial performance.
  • Failure to maintain our reputation and brand image could negatively impact our business.
  • An inability to effectively execute and manage our business objectives and global operating platform initiative could adversely affect our financial performance.
  • Our ability to understand consumers’ preferences and to timely identify, develop, manufacture, market, and sell products that meet customer demand could significantly affect our business.
  • Our intellectual property rights are valuable, and any inability to protect them could reduce the value of our products, services and brands.
  • We face risks associated with our divestitures, acquisitions, other investments and joint ventures.
  • We face risks associated with our presence in emerging markets.
  • Risks associated with our international operations may decrease our revenues and increase our costs.
  • Risks associated with unanticipated social, political and/or economic events may materially and adversely impact our business.
  • We have been and may be subject to information technology system failures, network disruptions, cybersecurity attacks and breaches in data security, which may materially adversely affect our operations, financial condition and operating results.
  • Product-related liability or product recall costs could adversely affect our business and financial performance.
  • The ability of suppliers to deliver parts, components and manufacturing equipment to our manufacturing facilities, and our ability to manufacture without disruption, could affect our global business performance.
  • Our ability to attract, develop and retain executives and other qualified employees is crucial to our results of operations and future growth.
  • A deterioration in labor relations could adversely impact our global business.
  • Fluctuations and volatility in the cost and availability of raw materials and purchased components could adversely affect our operating results.
  • Foreign currency fluctuations may affect our financial performance.
  • Goodwill and indefinite-lived intangible asset impairment charges have in the past and may in the future adversely affect our operating results.
  • Impairment of long-lived assets may adversely affect our operating results.
  • We face inventory valuation risk.
  • Significant differences between actual results and estimates of the amount of future funding for our pension plans and postretirement health care benefit programs, and significant changes in funding assumptions or significant increases in funding obligations due to regulatory changes, could adversely affect our financial results.
  • Unfavorable results of legal and regulatory proceedings could materially adversely affect our business and financial condition and performance.
  • We are subject to, and could be further subject to, governmental investigations or actions by other third parties.
  • Changes in the legal and regulatory environment, including data privacy and protection, and changes in taxes and tariffs, could limit our business activities, increase our operating costs, reduce demand for our products or result in litigation or regulatory action.
  • The impact of climate change and climate change or other environmental regulation may adversely impact our business.
  • We are exposed to risks associated with the uncertain global economy.
Management Discussion
  • Consolidated net sales decreased 4.3% and 6.2% for the three and six months ended June 30, 2022, respectively, compared to the same periods in 2021. The decrease for the three and six months ended June 30, 2022 was primarily driven by lower volume and the impact of foreign currency, partially offset by favorable product price/mix. Excluding the impact of foreign currency, net sales decreased 2.3% and 4.6% for the three and six months ended June 30, 2022, compared to the same periods in 2021.
  • The consolidated gross margin percentage for the three and six months ended June 30, 2022 decreased to 17.6% and 17.5%, respectively, compared to 20.5% and 21.0% in the same prior-year periods. The decrease was primarily driven by raw material and other cost inflation and lower volume, partially offset by favorable product price/mix.
  • Our operating segments are based upon geographical region and are defined as North America, EMEA, Latin America and Asia. These regions also represent our reportable segments. The chief operating decision maker evaluates performance based on each segment's earnings (loss) before interest and taxes (EBIT), which we define as operating profit less interest and sundry (income) expense and excluding restructuring costs, asset impairment charges and certain other items that management believes are not indicative of the region's ongoing performance, if any. For additional information, see Note 14 to the Consolidated Condensed Financial Statements.

Content analysis

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