Whirlpool Cuts 2026 EPS Guidance to $6.00 Following Capital Raises
WHR is trading near its 52-week low of $65.35 (2.6% above the low) on elevated volume (1.9× avg).
Summary
Whirlpool Corporation has revised its 2026 ongoing earnings per share (EPS) guidance downwards to approximately $6.00, as disclosed in an SEC filing. This adjustment reflects the impact of the company's recently completed combined offerings of common stock and mandatory convertible preferred stock, which were finalized and closed between February 23rd and February 27th. The new guidance represents a significant reduction from prior expectations, with the company's own 8-K filing confirming a $1.00 downward revision to this $6.00 target. This negative revision to future profitability outlook is a material concern for investors, particularly as the stock trades near its 52-week low. Traders will closely watch for further details on the specific financial implications of the capital raises and the company's ability to meet this revised guidance.
At the time of this announcement, WHR was trading at $67.05 on NYSE in the Manufacturing sector, with a market capitalization of approximately $3.9B. The 52-week trading range was $65.35 to $111.96. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.