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Whirlpool Profit Falls, but Better Results Expected in 2013

Friday - 2/1/2013, 3:33am  ET

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.

This article was originally published as Whirlpool Profit Falls, but Better Results Expected in 2013on Fool.com

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