NYSE$WHR
Whirlpool Corp · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Reported strong fourth-quarter and full-year results, delivering on long-term value creation targets.
Whirlpool Corporation reported a 7.7% increase in Q4 net sales and a 10.3% increase in organic net sales, driven by strong consumer demand. The company's GAAP net earnings margin was 8.6%, and the ongoing EBIT margin was 11.3%.
- Q4 net sales growth of 7.7% and organic net sales growth of 10.3%, driven by strong consumer demand
- Very strong Q4 GAAP net earnings margin of 8.6% (up 320 basis points) and ongoing (non-GAAP) EBIT margin of 11.3% (up 410 basis points), with positive EBIT and significant margin expansion in all regions
- Solid full-year GAAP earnings per diluted share of $17.07 and record ongoing earnings per diluted share of $18.55, exceeding guidance
- Significant cash generation for full-year 2020; cash provided by operating activities of $1.5 billion and free cash flow of $1.25 billion, with positive cash flow in North America, Latin America and EMEA
Headline financials
Revenue & EPS history
Whirlpool · Revenue · Quarterly
$5.8B
Revenue by segment
Whirlpool · $4.03B total across 2 segments · Q4 2020
- MDA North America$3.21B+3.5%79.6%
- MDA Latin America$821M+5.0%20.4%
Forward guidance
Strong 2021 outlook delivering on long-term financial goals:
Tailwinds
- Full-year 2021 net sales increase of ~6 percent (the impact of currency on net sales for future periods is not included)
- GAAP earnings per diluted share of $17.80 to $18.80
- Ongoing earnings per diluted share of $19.00 to $20.00
- GAAP and adjusted tax rate (non-GAAP) of 24 to 26 percent
- Cash provided by operating activities of approximately $1.55 billion
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2020
-1.4%
Avg return
Earnings day
-3.0%
Avg return
5 days after
-2.9%
Avg return
30 days after
46%
31 / 68 earnings
Positive
+10.3%
Q3 2012
Best reaction
-16.8%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.9% | -24.5% | -27.8% | |
| Q4 2025 | -4.5% | +5.7% | -15.4% | |
| Q3 2025 | +5.2% | -2.9% | +6.7% | |
| Q1 2025 | +1.6% | -1.5% | -0.6% | |
| Q4 2024 | -16.5% | -22.6% | -21.6% | |
| Q3 2024 | +7.9% | +1.4% | +10.0% | |
| Q2 2024 | +0.2% | -2.0% | +1.0% | |
| Q1 2024 | -9.9% | -8.1% | -17.9% | |
| Q4 2023 | -5.1% | -4.8% | -7.2% | |
| Q3 2023 | -16.8% | -19.3% | -14.1% | |
| Q2 2023 | -2.3% | -4.8% | -9.3% | |
| Q1 2023 | -6.0% | -1.0% | -5.9% | |
| Q4 2022 | +1.0% | -2.2% | -5.9% | |
| Q3 2022 | -4.8% | -0.6% | +7.0% | |
| Q2 2022 | +0.4% | +3.0% | -1.5% | |
| Q1 2022 | +7.7% | +4.4% | +0.0% | |
| Q4 2021 | -4.0% | +1.0% | -1.8% | |
| Q3 2021 | +2.0% | -1.5% | +9.6% | |
| Q2 2021 | +0.7% | +3.3% | +3.8% | |
| Q1 2021 | -1.4% | -0.1% | +0.2% | |
| Q4 2020 | -5.7% | -9.6% | -7.9% | |
| Q3 2020 | -3.1% | -2.9% | -3.5% | |
| Q2 2020 | +10.3% | +15.3% | +25.8% | |
| Q1 2020 | -8.4% | -10.8% | -0.6% | |
| Q4 2019 | +4.9% | -2.2% | -8.1% | |
| Q3 2019 | +0.9% | -0.8% | -11.4% | |
| Q2 2019 | -3.9% | +0.5% | -5.4% | |
| Q1 2019 | +0.6% | -1.4% | -5.8% | |
| Q4 2018 | +9.1% | +6.3% | +14.3% | |
| Q3 2018 | +1.5% | -5.0% | +10.3% | |
| Q2 2018 | -15.1% | -15.8% | -15.1% | |
| Q1 2018 | +4.4% | +5.6% | +10.2% | |
| Q4 2017 | +6.5% | +6.1% | -0.3% | |
| Q3 2017 | -10.5% | -11.5% | -8.7% | |
| Q2 2017 | -6.7% | -6.8% | -11.8% | |
| Q1 2017 | +5.5% | +8.3% | +4.9% | |
| Q4 2016 | -10.2% | -8.0% | -5.3% | |
| Q3 2016 | -12.3% | -11.5% | -3.0% | |
| Q2 2016 | +4.1% | +4.3% | +0.1% | |
| Q1 2016 | -4.2% | — | — | |
| Q4 2015 | +2.6% | — | — | |
| Q3 2015 | -6.0% | — | — | |
| Q2 2015 | +8.0% | — | — | |
| Q1 2015 | -9.5% | — | — | |
| Q4 2014 | +5.1% | — | — | |
| Q3 2014 | +6.9% | — | — | |
| Q2 2014 | +2.6% | — | — | |
| Q1 2014 | -0.2% | — | — | |
| Q4 2013 | -5.9% | — | — | |
| Q3 2013 | +10.3% | — | — | |
| Q2 2013 | +10.3% | — | — | |
| Q1 2013 | -3.8% | — | — | |
| Q4 2012 | +3.7% | — | — | |
| Q3 2012 | +10.3% | — | — | |
| Q2 2012 | -4.0% | — | — | |
| Q1 2012 | -6.3% | — | — | |
| Q4 2011 | +0.4% | — | — | |
| Q3 2011 | +3.3% | — | — | |
| Q2 2011 | -4.2% | — | — | |
| Q1 2010 | -0.5% | — | — | |
| Q1 2011 | +2.2% | — | — | |
| Q4 2008 | -3.2% | — | — | |
| Q4 2010 | -3.2% | — | — | |
| Q3 2010 | -8.9% | — | — | |
| Q3 2009 | -8.9% | — | — | |
| Q2 2010 | -5.7% | — | — | |
| Q2 2009 | -5.7% | — | — | |
| Q4 2009 | -5.7% | — | — |
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