WHR — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-07

• Net earnings margins were negatively impacted by lower volume, primarily driven by the significant industry demand decline in North America, the cost associated with inventory reduction efforts and negative price/mix. These were partially offset by tariff recovery and mitigation actions.

• We continue to take actions to deliver shareholder value as we navigate through a challenging macro environment in North America. We remain confident in delivering over $150 million of cost take out, implementing previously announced pricing actions, including the largest pricing changes in a decade…

• Consolidated - Millions of dollars, except per share data20262025Better/(Worse) %

• Mandatory convertible preferred stock dividends accumulated during the period

• Diluted net earnings (loss) available to Whirlpool per share$(1.43)$1.28 nm

Text removed vs the prior filing · source: 10-Q · 2025-10-28

• Net earnings margins were negatively impacted by the cost of tariffs and launch costs associated with new product introductions. These were partially offset by favorable product price/mix and structural cost take out actions.

• We continue to take actions to deliver shareholder value as we navigate through a challenging macro environment in North America. We expect to deliver approximately $200 million of cost take out and introduce over 100 new products.

• Three Months Ended September 30, Nine Months Ended September 30,

• Consolidated - Millions of dollars, except per share data20252024Better/(Worse) %20252024Better/(Worse) %

• Consolidated net sales increased 1.0% for the three months ended September 30, 2025 compared to the same period in 2024. The increase was primarily driven by share gains in MDA North America and favorable product price/mix. The impact of foreign currency was not material during the period.

Text added vs the prior filing · source: 10-Q · 2026-05-07

• Our credit ratings were downgraded below investment grade in 2025 and our access to certain types of financing and borrowing costs have been and may continue to be negatively impacted.

• Our costs of borrowing and ability to access the capital markets are affected not only by market conditions but also by the short- and long-term credit ratings assigned to our debt by the major credit rating agencies. These ratings are based, in significant part, on our financial performance as meas…

• During the second quarter of 2025, Moody’s downgraded our senior unsecured debt rating to Ba1, with a negative outlook; in February 2026, Moody's downgraded our senior unsecured debt to Ba2 with a negative outlook. In 2025, S&P downgraded our unsecured debt rating to BB+, with a stable outlook, sinc…

• Our credit ratings are subject to periodic review by Moody’s, S&P, and Fitch, and may be subject to rating and periodic review by additional independent credit rating agencies in the future. Further developments or downgrades to our credit ratings, including any announcement that our ratings are und…

• In February 2026, the U.S. Supreme Court issued a decision invalidating tariffs imposed under the International Emergency Economic Powers Act (“IEEPA”). Subsequent lower court rulings allow for recovery of IEEPA tariff amounts previously paid, and we recognized approximately $50 million in tariff re…

Text removed vs the prior filing · source: 10-Q · 2025-10-28

• The U.S. government recently implemented significant trade policy and tariff actions, including but not limited to tariffs on imported steel, aluminum and copper products, multiple tariffs on certain imports from China, tariffs on certain imports from Canada and Mexico, and country-specific reciproc…

• Our credit ratings were recently downgraded below investment grade and our access to certain types of financing and borrowing costs have been and may continue to be negatively impacted.

• Our costs of borrowing and ability to access the capital markets are affected not only by market conditions but also by the short- and long-term credit ratings assigned to our debt by the major credit rating agencies. These ratings are based, in significant part, on our financial performance as meas…

• During the second quarter of 2025, Moody’s downgraded our senior unsecured debt rating to Ba1, with a negative outlook; S&P downgraded our unsecured debt rating to BB+, with a stable outlook. since revised to negative; and Fitch downgraded our unsecured debt rating to BB+, with a negative outlook. A…

• Our credit ratings are subject to periodic review by Moody’s, S&P, and Fitch, and may be subject to rating and periodic review by additional independent credit rating agencies in the future. Further developments or downgrades to our credit ratings, including any announcement that our ratings are und…