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Whirlpool reports improved second quarter but profits remain under pressure
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What’s Happening – Moody on the Market
Whirlpool Corporation says its turnaround efforts are beginning to gain traction, although the Benton Harbor-based appliance maker continues to face a challenging global marketplace.
Chairman and CEO Marc Bitzer said Whirlpool is encouraged by the company’s progress.
For the quarter ending June 30, Whirlpool reported net sales of $3.52 billion, down nearly 7% from $3.77 billion during the same period a year ago.
Despite the softer year-over-year comparisons, Whirlpool said pricing actions announced earlier this year are beginning to improve profitability compared with the first quarter.
Whirlpool left its full-year sales and operating outlook unchanged, continuing to forecast approximately $15 billion in revenue for 2026.