Whirlpool Cuts Forecast, Suspends Dividend To Tackle Debt, Stock Tanks

Whirlpool Corporation (NYSE:WHR) shares fell in Thursday's premarket session after the appliance maker reported weaker-than-expected first-quarter 2026 results and sharply lowered its full-year outlook.
The company posted an adjusted loss per share of 56 cents, missing analyst estimates of 40 cents, while revenue declined 9.6% year over year to $3.27 billion, below estimates of $3.45 billion.
Whirlpool reported a GAAP loss per diluted share of $1.43, compared with earnings of $1.28 a year earlier, citing a "recession-level industry decline" in the U.S. tied to collapsing consumer confidence following the war in Iran.
Margins And Profitability Weaken
GAAP net loss available to common shareholders was $85 million, versus net income of $71 million last year. Organic net sales declined 6.1%, w