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Delivered YoY revenue growth as new products gain traction in North America, while navigating the near-term unfavorable effects of tariffsAchieved structural cost take out of 100 basis points or approximately $50 millionQ3 GAAP net earnings margin of 1.8%; GAAP earnings per diluted share of $1.29Q3 ongoing (non-GAAP) EBIT margin(1) of 4.5%; ongoing earnings per diluted share(2) of $2.09Third-quarter results were unfavorably impacted by a non-cash loss of $14 million, or $0.24 earnings per diluted share from Beko Europe B.V. equity in affiliatesEPS outlook range narrowed with full-year GAAP earnings per diluted share of approximately $6.00, ongoing earnings per diluted share(2) of approximately $7.00; cash provided by operating activities revised to approximately $600 million and free cash flow(3) of approximately $200 millionDeclared Q4 dividend of $0.90 per share BENTON HARBOR, Mich., Oct. 27, 2025 /PRNewswire/ -- Whirlpool Corporation (NYSE: WHR), today reported third-quarter financial results. "I am pleased by the progress in North America, delivering share gains and flooring expansion as we execute a record year of new product launches," said Marc Bitzer. "The core fundamentals of our business remain strong and we are confident that the newly announced investment in our U.S.-based laundry facilities will continue to fuel our future growth." MARC BITZER, CHAIRMAN AND CHIEF EXECUTIVE OFFICER "Our third quarter results continued to be impacted by the inventory loading from Asian competitors. Meanwhile, we continued to focus on what is within our control and delivered cost take out in line with expectations, putting us on track to achieve approximately $200M of cost take out in 2025." JIM PETERS, CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER SEGMENT REVIEW MDA NORTH AMERICA Excluding currency, net sales increased 2.9% year-over-year driven by strong share gainsEBIT margin(4) temporarily impacted by foreign competitors' inventory pre-loading MDA LATIN AMERICA Excluding currency, net sales decreased 6.3% year-over-year due to volume declineEBIT margin(4) unfavorably impacted by the negative macro environment in Argentina and price/mix Excluding currency, net sales decreased 4.0% year-over-year, driven by volume declineEBIT margin(4) decreased year-over-year, driven by volume decline partially offset by continued cost take out Excluding currency, net sales increased 9.5% year-over-year, driven by successful new product launchesEBIT margin(4) increased year-over-year, driven by price/mix and direct-to-consumer business growth FULL-YEAR 2025 OUTLOOK On a full year basis, we expect: Net sales of approximately $15.8 billion; approximately flat on a like-for-like(5) basisPrice/mix to favorably impact our EBIT margin as we continue to execute our new product launchesStructural cost take out to deliver approximately $200 millionGAAP earnings per diluted share of approximately $6.00 and full-year ongoing earnings per diluted share(2) of approximately $7.002025 GAAP tax rate of approximately 8.8 percent and adjusted (non-GAAP) tax rate of approximately 8 percentCash provided by operating activities of approximately $600 million and free cash flow(3) of approximately $200 million ABOUT WHIRLPOOL CORPORATION Whirlpool Corporation (NYSE: WHR) is a leading home appliance company, in constant pursuit of improving life at home. As the last-remaining major U.S.-based manufacturer of kitchen and laundry appliances, the company is driving meaningful innovation to meet the evolving needs of consumers through its iconic brand portfolio, including Whirlpool, KitchenAid, JennAir, Maytag, Amana, Brastemp, Consul, and InSinkErator. In 2024, the company reported approximately $17 billion in annual sales - close to 90% of which were in the Americas - 44,000 employees and 40 manufacturing and technology research centers. Additional information about the company can be found at WhirlpoolCorp.com. WEBSITE DISCLOSURE We routinely post important information for investors on our website, WhirlpoolCorp.com, in the "Investors" section. We also intend to update the "Hot Topics Q&A" portion of this webpage as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the "Investors" section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our webpage is not incorporated by reference into, and is not a part of, this document. WHIRLPOOL ADDITIONAL INFORMATION This document contains forward-looking statements about Whirlpool Corporation and its consolidated subsidiaries ("Whirlpool") within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Whirlpool intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with those safe harbor provisions. Any statements made in this press release that are not statements of historical fact, including statements regarding future financial results, long-term value creation goals, restructuring expectations, productivity, raw material prices and related costs, supply chain, portfolio transformation expectations, India transaction expectations, asset impairment, new product introduction benefits, trade and tariffs, litigation, ESG efforts, debt repayment and dividend expectations, share position, trade customer inventory expectations, cost take-out, manufacturing investment benefits, and the impact of housing recovery-related benefits on our operations are forward-looking statements and should be evaluated as such. Such statements can be identified by the use of terminology such as "may," "could," "will," "should," "possible," "plan," "predict," "forecast," "potential," "anticipate," "estimate," "expect," "project," "intend," "believe," "may impact," "on track," "margin lift," and similar words or expressions. Many risks, contingencies and uncertainties could cause actual results to differ materially from Whirlpool's forward-looking statements. Among these factors are: (1) intense competition in the home appliance industry, and the impact of the changing retail environment, including direct-to-consumer sales; (2) Whirlpool's ability to maintain or increase sales to significant trade customers; (3) Whirlpool's ability to maintain its reputation and brand image; (4) the ability of Whirlpool to achieve its business objectives and successfully manage its strategic portfolio transformation; (5) Whirlpool's ability to understand consumer preferences and successfully develop new products; (6) Whirlpool's ability to obtain and protect intellectual property rights; (7) acquisition, divestiture, and investment-related risks, including risks associated with our past acquisitions; (8) the ability of suppliers of critical parts, components and manufacturing equipment to deliver sufficient quantities to Whirlpool in a timely and cost-effective manner; (9) risks related to our international operations; (10) Whirlpool's ability to respond to unanticipated social, political and/or economic events, including epidemics/pandemics; (11) information technology system and cloud failures, data security breaches, data privacy compliance, network disruptions, and cybersecurity attacks; (12) product liability and product recall costs; (13) Whirlpool's ability to attract, develop and retain executives and other qualified employees; (14) the impact of labor relations; (15) fluctuations in the cost of key materials (including steel, resins, and base metals) and components and the ability of Whirlpool to offset cost increases; (16) Whirlpool's ability to manage foreign currency fluctuations; (17) impacts from goodwill, intangible asset and/or inventory impairment charges; (18) health care cost trends, regulatory changes and variations between results and estimates that could increase future funding obligations for pension and postretirement benefit plans; (19) impacts from credit rating agency downgrades; (20) litigation, tax, and legal compliance risk and costs; (21) the effects and costs of governmental investigations or related actions by third parties; (22) changes in the legal and regulatory environment including environmental, health and safety regulations, data privacy, taxes and generative AI; (23) the impacts of changes in foreign trade policies, including tariffs; (24) Whirlpool's ability to respond to the impact of climate change and climate change or other environmental regulation; and (25) the uncertain global economy and changes in economic conditions. In addition, factors that could cause actual results to differ materially from our India transaction expectations include, among other things, failure or delays in launching transaction based on Board approval, market conditions or other factors, failure or delays in share settlement and closing, transaction proceeds being lower than expected, alternative uses for proceeds received, brand license valuation expectations not being met, and strategic, economic or indust
