SEC Form 8-K filed by Whirlpool Corporation
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 7.01. | Regulation FD Disclosure. |
On March 2, 2026, Whirlpool Corporation (the “Company”) provided the below recalculation of its 2026 ongoing (Non-GAAP) earnings per share guidance following completion of the company’s concurrent public offerings of shares of the Company’s common stock and depositary shares representing a 1/20th interest in a share of 8.50% Series A Mandatory Convertible Preferred Stock.
| 2026 Guidance (As Provided on January 28, 2026) |
Offering Impact | 2026 Guidance (Inclusive of Offering Impact) |
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Interest Expense* |
~$ | 330M | (~$ | 37M | ) | ~$ | 293M | |||||
Weighted-Average Diluted Shares Outstanding |
57.4M | 13.9M | 71.3M | |||||||||
Dividends Paid |
~$ | 200M | ~$ | 70M | ~$ | 270M | ||||||
Ongoing EPS(1) |
~$ | 7.00 | (~$ | 1.00 | ) | ~$ | 6.00 | |||||
| * | Interest Expense is pre-tax |
| (1) | Ongoing earnings per share is a non-GAAP measure. Please see below for a reconciliation of ongoing earnings per share to its most equivalent GAAP measure, net earnings (loss) per diluted share available to Whirlpool, for the 2026 fiscal year. |
GAAP RECONCILIATION: FULL-YEAR 2026 OUTLOOK FOR ONGOING EPS
The earnings per diluted share GAAP measure and ongoing measure are presented net of tax, while each adjustment is presented on a pre-tax basis. Our anticipated full-year GAAP tax rate is approximately 25.0%. The aggregate income tax impact of the taxable components of each adjustment is presented in the income tax impact line item at our anticipated full-year adjusted tax (non-GAAP) rate of approximately 25.0%.
| Earnings per diluted share | ||||
Reported measure |
~$ | 5.35 | ||
Restructuring Expense |
~0.75 | |||
Total income tax impact |
~(0.10 | ) | ||
Normalized tax rate adjustment |
— | |||
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Ongoing measure |
~$ | 6.00 | ||
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Cautionary Statements Regarding Forward-looking Statements
Certain statements in this Current Report on Form 8-K relating to 2026 performance constitute “forward-looking statements” within the meaning of the federal securities laws. These statements reflect management’s current expectations regarding future events and speak only as of the date of this current report. Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees that the guidance will be achieved. Important factors that could cause actual results to differ materially from these expectations include the factors discussed under “Risk Factors” in Whirlpool Corporation’s periodic filings with the Securities and Exchange Commission. Although the forward-looking statements contained in this current report are based upon what are believed to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. These forward-looking statements are made as of the date of this current report and, except as expressly required by applicable law, Whirlpool Corporation assumes no obligation to update or revise them to reflect new events or circumstances.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| WHIRLPOOL CORPORATION | ||||||
| March 2, 2026 | By: | /S/ ROXANNE L. WARNER | ||||
| Name: | Roxanne L. Warner | |||||
| Title: | Executive Vice President and Chief Financial Officer | |||||