Whirlpool Cuts 2026 EBIT Guidance to $293 Million From $630 Million
Whirlpool lowered 2026 revenue guidance to about $14.5 billion from about $15 billion and adjusted EBIT guidance to $293 million from $630 million. Third-quarter adjusted EBIT was $97 million, versus Bank of America analyst Rafe Jadrosich’s $164 million estimate.
Whirlpool Corp (NYSE: WHR ) reported third-quarter results on Monday, including lower-than-expected sales estimates weighing on margins, according to Bank of America Securities analyst Rafe Jadrosich. The Whirlpool Analyst: Jadrosich reiterated an Underperform rating and price target of $25. The Whirlpool Thesis: The company reported adjusted EBIT of $97 million, around 40% below the BofA estimate of $164 million, Jadrosich said in the note. Check out other analyst stock ratings.
The analyst highlighted the following from Whirlpool’s third-quarter print: Sales declined by 5.4% year-on-year on an organic basis to of $3.677 billion. The downturn was led by an 8% decline in Major Domestic Appliance (MDA) North America sales and a 1% contraction of Small Domestic Appliance (SDA) Global sales. MDA Latin America sales grew by 7% year-on-year. Adjusted EBIT margin came in at 2.6%, well below Bank of America’s estimate of 4.3%.
MDA North America margins contracted by around 190 basis points (bps). Management lowered 2026 revenue guidance to about $14.5 billion from about $15 billion, with organic revenue expected to contract by 1.3% on a 5% decline in MDA North America shipments and a 0.25% price/mix benefit, Jadrosich said. Management also cut their 2026 adjusted EBIT guidance to $293 million, from $630 million, on a 2.0%-2.2% margin, he added. "Despite the cut to EBIT, management maintained FCF guidance of $300M, as they raised working capital impact to +$300M (from +$150M) on stronger cash collection and inventory optimization," the analyst wrote.
The guidance implies free cash generation of around $1.4 billion in the fourth quarter of 2026, he further noted. Key Questions: Whirlpool is scheduled to host its earnings call on Wednesday. The analyst noted the key topics for the call: Drivers of the sequential improvement in price/mix Market share expectations with recent price hikes Expectations for price realization Expectations for 2027 steel inflation Price cost assumptions heading into 2027 Drivers of the working capital improvement WHR Price Action: Shares of Whirlpool had risen by 0.34% to $26.54 at the time of publication on Tuesday.
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