Whirlpool 10-Q Details $237M Q3 Loss, $124M India Impairment, Full-Year Loss Outlook
WHR is trading near its 52-week low of $25.5 (6.5% above the low).
Summary
Whirlpool's Q3 10-Q confirms the $237 million loss ($3.80 per share) and shows a $124 million non-cash India investment impairment plus a $54 million Casas Bahia bankruptcy charge, with full-year GAAP EPS guided to $(4.95).
Key Events · Earnings and Guidance · WHR
-
Q3 Loss of $237 Million
Net loss available to common shareholders was $249 million, or $(3.80) per share, versus $73 million of earnings ($1.29) a year earlier, on net sales of $3,677 million, down 8.8%.
-
India Stake Written Down $124 Million
A non-cash impairment cut the carrying value of the 40% Whirlpool India equity method investment to its $471 million fair value, driving a $118 million equity method loss in the quarter.
-
Casas Bahia Bankruptcy Charge
The Latin America trade customer reorganization produced a $54 million charge: $46 million of credit losses net of $112 million expected insurance recoveries on $157 million of gross receivables, plus $8 million of other direct costs.
-
Margins Compressed Sharply
Gross margin fell to 12.9% from 14.7% in Q3 and to 12.7% from 15.8% for nine months, on lower volume, tariffs and cost inflation; MDA North America EBIT margin dropped to 3.0% from 4.9%.
Analysis · WHR · Manufacturing
The headline loss and guidance cut were already out on October 26, but the 10-Q fills in what drove them. Two one-off hits stand out: a $124 million non-cash write-down of the Whirlpool India stake and a $54 million charge tied to Casas Bahia's bankruptcy. Both sit on top of a business whose gross margin fell to 12.9% from 14.7% a year ago. Management now guides to a full-year GAAP loss of $4.95 per share and expects only about $700 million of operating cash flow against roughly $400 million of capex — thin free cash generation for a company carrying $6.8 billion of long-term debt at below-investment-grade ratings. The $2.5 billion buyback authorization remains unused and offers no support to the stock while losses persist.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 36.2% of the 898 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.75%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WHR was trading at $27.16 on NYSE in the Manufacturing sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $25.50 to $94.82. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.