Whirlpool (WHR) slips 4% after missing estimates for 2024 earnings and revenue
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Whirlpool Announces Fourth Quarter and Full Year Results; Provides 2024 Guidance
January 29, 2024 4:05 PM EST--Fourth-quarter net sales growth of approximately 3% with 1 point of North America share gains year-over-year
--Fourth-quarter GAAP net earnings margin of 9.7% compared to prior year period of (32.6)%, impacted by the Europe transaction
--Fourth-quarter ongoing (non-GAAP) EBIT margin(1) of 5.2% (+170bps year-over-year)
--Full-year GAAP and ongoing (non-GAAP) earnings per diluted share(2) of $8.72 and $16.16, respectively, including $800 million of cost take out
--Paid $384 million in dividends in 2023 and repaid $500 million of term loan
--2024 outlook includes... More
