Whirlpool (WHR) Slashes 13.4% on Dismal Q2 Earnings

We recently published Massive Drop Alert: These 10 Stocks Take a Beating. Whirlpool Corporation (NYSE:WHR) is one of the worst-performing stocks on Tuesday.

Whirlpool Corp. fell by 13.43 percent to close at $84.76 apiece as investor sentiment was dampened by its dismal earnings performance in the second quarter of the year.

In a statement, Whirlpool Corporation (NYSE:WHR) said attributable net income fell by 70.1 percent to $65 million from $219 million in the same period last year, while net sales decreased by 5.4 percent to $3.77 billion from $3.99 billion year-on-year.

“As expected, the second quarter continued to be impacted by competitors’ stockpiling Asian imports into the US. Despite this, we are well-positioned in North America with a robust pipeline of new products, the industry’s leading US manufacturing footprint, and favorable housing demand fundamentals,” said Whirlpool Corporation (NYSE:WHR) Chairman and CEO Marc Bitzer.

“We are confident in our long-term strategy and believe that evolving tariff policies will ultimately support domestic manufacturers,” he noted.

For full-year 2025, Whirlpool Corporation (NYSE:WHR) expects soft demand to continue, with net sales projected to drop by 4.8 percent to $15.8 billion from $16.6 billion in 2024.

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