In the latest trading session, Whirlpool (WHR) finished at $91.05, showing a decrease of 0.95% compared to the day before.
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At the end of the last trading day, Whirlpool (WHR) was priced at $91.58, which represents a 0.96% increase compared to the previous day.
BENTON HARBOR, Mich., Feb. 17, 2025 /PRNewswire/ -- The board of directors at Whirlpool Corporation has named John Morikis, who previously served as chairman and CEO of The Sherwin-Williams Company, to join the board right away.
BENTON HARBOR, Mich., Feb. 17, 2025 /PRNewswire/ -- The board of directors at Whirlpool Corporation has announced a quarterly dividend of $1.75 for each share of the company's common stock.
WHR's unsatisfactory results for the fourth quarter, due to weak demand, pressure on profit margins, and reduced earnings forecasts, have created a negative outlook for the stock.
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Whirlpool's stock has not done well, dropping 4% in the last year, and recently fell 18% because of poor forecasts linked to a slow recovery in the US housing market. The company is facing challenges from high interest rates that affect home purchases, which has led to an uneven recovery and limited profit growth, even with some cost-cutting measures in place. Additionally, Whirlpool's free cash flow only meets its dividend payments, and its high debt means it needs to reduce this debt significantly, which restricts its ability to buy back shares and improve its stock price.
Whirlpool's fourth-quarter results for 2024 and their outlook for 2025 were disappointing, but there wasn't a clear reason for the significant drop in their stock price. Just because the results were not as strong as analysts and the market expected, it doesn't mean they were bad. In fact, the performance was not negative overall.
WHR's Q4 results show an increase in sales in MDA Latin America and MDA Asia, but overall revenue fell short of expectations due to the sale of its European operations.