Whirlpool Profit Falls, but Better Results Expected in 2013
Whirlpool has reported its Q4 and 2012 results. For the quarter, the company netted $122 million ($1.52 per diluted share) according to GAAP standards. That was a steep drop from the $205 million ($2.62 diluted EPS) of Q4 2011. Sales were $4.8 billion, slightly lower than that $4.9 billion of the same period last year.
For the full year, revenue came in at $18.1 billion, and bottom line was $401 million ($5.06 diluted EPS). Those figures for 2011 were $18.7 billion and $390 million ($4.99), respectively.
Going forward, Whirlpool expects a big rise in profitability. In the news release announcing the earnings, the company wrote that it anticipates full-year EPS will amount to $9.80-$10.30, or $9.25-$9.75 when adjusted by restructuring expenses and various tax credits.
The article Whirlpool Profit Falls, but Better Results Expected in 2013 originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Whirlpool. The Motley Fool has no position in Whirlpool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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