Business · Companies · 2 hrs ago
Whirlpool reports a $237 million quarterly loss and cuts annual outlook
Whirlpool reported a $237 million loss in the third quarter of 2026, covering July through September.
The US appliance maker owns brands including Brastemp, Consul and KitchenAid.
Sales fell 8.8% across the company to $3.7 billion, below analysts’ expectations and down from $4 billion a year earlier.
High interest rates are weighing on home sales, while inflation and the war in Iran are discouraging shoppers from buying costly goods.
Whirlpool has raised prices and cut costs to protect its margins, but its North American large-appliance sales dropped 8.3%.
The company now expects a $1.30 loss per share for 2026, after previously forecasting a profit, and says its actions could support further improvement in 2027.
Whirlpool reported a net loss of $237 million in the third quarter of 2026.
Net sales were $3.7 billion, below analysts’ expectation of $3.9 billion and down from $4 billion a year earlier.
The company said it expects an annual loss of $1.30 per share.
North American major-appliance net sales fell 8.3%, while sales across the company declined 8.8%.
Whirlpool shares fell 8.62% in after-hours trading in New York.
- Who
- Whirlpool, which owns brands including Brastemp, Consul and KitchenAid.
- What
- It reported a $237 million quarterly loss and cut its annual outlook to a loss of $1.30 per share.
- When
- In the third quarter of 2026; the company announced its annual outlook on Monday.
- Where
- The results covered Whirlpool’s business, including its North American segment. The shares fell in after-hours trading in New York.
- Why
- Analysts cited high interest rates suppressing home sales, while inflation and the war in Iran were weighing on consumer spending on expensive items.
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This story does not have a timeline yet.
- Quarterly net loss
- $237 million
- Quarterly net sales
- $3.7 billion
- Annual outlook
- Loss of $1.30 per share
- North American major-appliance sales
- Down 8.3%
- After-hours share move
- Down 8.62%
What people are saying
Our structural cost reduction and price realization drove sequential margin progress through the third quarter
Although the pace of recovery is slower than expected, these actions are establishing a clear path for further improvements in 2027