Whirlpool Corp.

NYSE:WHR   3:59:59 PM EDT
172.71
-0.23 (-0.13%)
Debt Financing / Related, Divestitures / Spin-offs, Earnings Announcements

Whirlpool - On June 27, Co Through Unit Entered Share Purchase Agreement With Arçelik A.S. To Sell Co's Russian Business To Arcelik For Deferred Payments

Published: 06/28/2022 11:32 GMT
Whirlpool Corp. (WHR) - Whirlpool - on June 27, Co Through Unit Entered Share Purchase Agreement With ArÇelik As to Sell Co's Russian Business to Arcelik for Deferred Payments.
Whirlpool Corp - Deferred Payments Expected to Be Made Over 10-year Period and Are Subject to a Cap Based on Net Asset Value of Business As of Closing.
Whirlpool Corp - Sale is Expected to Be Finalized in Q3 of 2022.
Whirlpool Corp - After Closing, Lipetsk Site Will Continue to Manufacture Appliances Under Indesit, Hotpoint and Stinol Brands.
Whirlpool Corp - Expects to Record a Loss Between $300 Million to $400 Million During Q2 of 2022 in Connection With Transaction.
Revenue is expected to be $5.24 Billion
Adjusted EPS is expected to be $5.62

Next Quarter Revenue Guidance is expected to be $5.49 Billion
Next Quarter EPS Guidance is expected to be $5.61

More details on our Analysts Page.