Whirlpool Full-Year Report 2023
- Net sales growth over 3% with 1pt North America share gains
- 170 basis points of year-over-year ongoing EBIT margin expansion
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- Cost actions delivered ~$800M full-year benefit
- $366M free cash flow, impacted by lower than expected working capital conversion
- Repaid $500M of term loan
- Delivered ongoing EPS of $3.85, supported by tax benefit
PROFITABLE GROWTH
Net Sales $5.1B YoY Change 3.4% (0.3)% organic
MARGIN EXPANSION
Ongoing EBIT Margin 5.2% YoY Change 1.7 pts
CASH CONVERSION
Free Cash Flow $366M FCF as % of Net Sales 1.9%