Posted on 05/07/2026 7:01:14 AM PDT by BenLurkin
A combination of rising costs, aggressive competition, and an uncooperative economy led to weaker-than-expected earnings, a dividend cut, and reduced financial guidance.
Shares are down in early trading on Thursday.
Wednesday evening, Whirlpool reported a first-quarter per share loss of 56 cents from sales of $3.3 billion. Wall Street was looking for earnings per share of 38 cents from sales of $3.4 billion, according to FactSet.
A year ago, Whirlpool reported earnings per share of $1.70 from sales of $3.6 billion. Lower industry sales, unfavorable “price/mix,” and tariff confusion helped lead to the decline.
In February, the Supreme Court overturned President Donald Trump’s Liberation Day tariffs, which impacted industry pricing, Whirlpool said. The company was already facing higher steel and aluminum prices due to the separate Section 232 tariffs.
Section 232 gives the U.S. president the authority to restrict imports deemed a threat to national security.
The company now expects to earn between $3.00 and $3.50 for the full year and free cash flow of $300 million. Prior guidance given in January called for earnings per share of $7 and free cash flow of about $450 million.
The company was looking forward to a housing recovery this year, which has yet to materialize. It also announced a dividend “suspension.” Whirlpool was paying 90 cents per quarter.
(Excerpt) Read more at msn.com ...
Whirlpool appliances are garbage. Best washer/dryer I ever owned were Kenmore from the 1990’s.
If you get speed queen get the ones with the dials.
That's the money quote
All my home appliances are Whirlpool and made or assembled in the USA, except for the microwave (China).
All of them have been working fine for nine years, except for the microwave, which had to be replaced after seven years.
Whirlpool is an improvment over LG.
Still got Whirlpool fridge, stove, washer and dryer from the 90’s. Keep fixing them but no major issues.
reglardless of the reason, appliances are garbage now. lucky to get one that makes it to the end of the worthless warranty.
Don’t they make the laundromat washers? They’re hard core.
I’ve got an engine from a 1927 Maytag washing machine that still runs 🤠
THEY BOUGHT OUT MAYTAG & KILLED THAT BRAND WITH CHEAP PARTS,
ETC.
I AM LUCKY ENOUGH TO HAVE 2 OF THE VERY LAST REAL MAYTAGS EVER MADE. IF I MOVE-—THEY ARE THE MOST IMPORTANT ITEMS IN THE MOVING TRUCK. NOT STAYING WITH THIS PROPERTY AT ANY PRICE....NOT EVEN IF GETTING A SALE DEPENDS ON IT.
WANT TO HEAR A WORSE STORY?
NEIGHBOR HAD TO REPLACE THE RADIATOR IN HIS 1996 FORD TRUCK:
THE DAMN THING WAS MADE OF PLASTIC!!!!!!!
I HAVE HAD A NUMBER OF VEHICLES SINCE 1957——NEVER HAD A PLASTIC RADIATOR
Plastic radiators are common nowadays.
IIRC Ford trucks have a Plastic part in the transmission that not MIGHT fail, but WILL fail.
This was my favorite brand for a lot of years. So sad that I can’t trust their products anymore. Not that anyone is making good appliances anymore.
My last washing machine before I bought the Speed Queen died after exactly 5 years and 4 months.
Which means even if I would have purchased the 5 year warranty it would have been wasted money.
A circuit board in the controls failed....$350 for a new one...couple hundred dollars more would get a brand new washer.
That circuit board probably costs $20 to manufacture.
I swear appliances these days are deliberately engineered to fail just after the warranty expires.
How often do people move these days? And odds are the washer and dryer in your current house won’t work in the new one.
I’ve had a bunch of plastic radiators in my Toyotas. Never melted. Only one blew up. It was due to a clogged pressure relief port under the cap.
I’ll go with plastic over metal any day. The metal ones split seams and accumulate scale.
I buy them off of Craigslist. My current W/D set were bought off CL in ‘13. 90s-era Whirlpools. Still running. Simple as all to work on. Cheap and available parts. Tons of YTs on repairs. Replaced the heater element on the dryer 3x so far. $20 each on Amazon. I can usually get the woman to help with the repairs.
I ain’t what you buy, it’s what you keep. Just like my cars, every month I’m not buying another one I’m makin money.
We have a Speed Queen that is probably seven years old.
I had to fix the lid lock by bypassing it altogether. It is now taped to the inside of the right metal side. It is a common problem with “hacks” on YouTube to fix the issue.
Speed Queen now makes a very basic washing machine with NO lid lock and NO circuit board. It has the dial and push buttons. Just like the washing machines from the 1960s that lasted forever. You can also lift the lid while it is going without it stopping the cycle. So, when you drop that sock on the way you can throw it in.
We have the basic Speed Queen dryer. It has knobs to change the heat setting and a dial to change the cycle. A button to turn it on. Just like in 1965. A lint filter on the bottom when you open the door. It turns on, heats up and the drum turns with a kevlar belt.
I bet you can still find parts.
My oil pan and drain plug are plastic on my F150. You can take it off with your fingers.
“Speed Queen now makes a very basic washing machine with NO lid lock and NO circuit board. It has the dial and push buttons.”
Yep. That’s the one we have right there and I bought it for those very reasons.
Less crap that WILL eventually fail.
Just like all the fairly useless options on vehicles nowadays.....they go into the “just because you can, doesn’t mean you should” category.
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