Whirlpool Corporation Reports Decline in Q2 2025 Financial Performance

Whirlpool Corporation reported a decline in financial performance for the second quarter of 2025, with net sales of $3.77 billion, down 5.4% from $3.99 billion in the same period last year. For the first half of 2025, net sales totaled $7.39 billion, a decrease of 12.8% compared to $8.48 billion in the first half of 2024. The company experienced a net loss available to Whirlpool of $65 million, or $1.17 per share, compared to a profit of $219 million, or $3.96 per share, in the prior year. The decline in revenue and profitability was attributed to lower sales volumes, unfavorable foreign currency impacts, and increased income tax expenses, which were partially offset by cost reductions and favorable product pricing.

In terms of operational changes, Whirlpool's restructuring efforts continued, with restructuring costs amounting to $2 million for the second quarter and $11 million for the first half of 2025, significantly lower than the $50 million and $73 million incurred in the same periods of 2024. The company has been focusing on simplifying its organizational structure following the deconsolidation of its European major appliance business, which was completed in April 2024. This strategic move has resulted in a significant reduction in sales, as the European segment previously contributed approximately $800 million in sales during the first half of 2024.

Geographically, the company reported mixed results across its operating segments. North America saw a 4.7% decline in net sales for the second quarter, while Latin America experienced a 10% drop, primarily due to unfavorable currency effects. Conversely, the Small Domestic Appliances segment reported a 7.5% increase in net sales, driven by favorable product pricing. The company’s total assets increased to $16.76 billion as of June 30, 2025, up from $16.30 billion at the end of 2024, reflecting a strategic focus on maintaining liquidity amid challenging market conditions.

Whirlpool's outlook for the remainder of 2025 remains cautious, with expectations of continued challenges in the North American market. The company anticipates generating approximately $850 million in cash from operating activities and plans to invest around $450 million in capital expenditures. Additionally, Whirlpool is targeting a full-year GAAP earnings per diluted share of between $5.00 and $7.00, factoring in restructuring expenses and the impact of mergers and acquisitions. The company continues to navigate a complex macroeconomic environment, including raw material inflation and geopolitical uncertainties, which could further affect its financial performance.