Whirlpool Corp. (WHR) announced, for the full-year 2017, as a result of temporary integration challenges in the EMEA region, the company now expects GAAP earnings per share of $12.65 to $13.40 and ongoing business earnings per share of $14.75 to $15.50. For the full-year 2017, the company continues to expect to generate cash from operating activities of $1.7 to $1.75 billion and free cash flow of approximately $1 billion.
Jeff Fettig, CEO, said: "As we continue to execute our plans and work through the elevated complexity of our European integration, we remain confident in our ability to deliver both $1 billion of free cash flow and record earnings per share in 2017. We remain confident in the strength of our business, and we will continue returning strong levels of cash to our shareholders through share repurchases and increased dividend."
First-quarter GAAP net earnings of $153 million, or $2.01 per share, compared to $150 million, or $1.92 per share, reported for the same prior-year period. First-quarter ongoing business earnings per share totaled $2.50 compared to $2.63 in the same prior-year period.
First-quarter net sales were $4.8 billion, compared to $4.6 billion in the same prior-year period. Excluding the impact of currency, sales increased 3 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.