Whirlpool 8-K Signals Imminent Financial Disclosure

TL;DR

**Whirlpool just filed an 8-K, expect big financial news soon!**

AI Summary

Whirlpool Corporation filed an 8-K on January 29, 2024, indicating that it will be disclosing its results of operations and financial condition. This filing also includes a Regulation FD Disclosure, meaning the company is sharing important, non-public information with the public to ensure fair access. For investors, this matters because it signals that significant financial updates are imminent, which could impact the stock price (WHR) depending on whether the news is positive or negative.

Why It Matters

This filing alerts investors that Whirlpool is about to release key financial performance data, which will likely influence its stock price and future outlook.

Risk Assessment

Risk Level: medium — The risk is medium because while the filing itself is procedural, the upcoming financial disclosure could contain either positive or negative news, leading to stock volatility.

Analyst Insight

A smart investor would monitor Whirlpool's news releases closely in the coming days for the actual financial results and disclosures, as this 8-K is a precursor to that information. They should avoid making significant trades based solely on this procedural filing.

Key Numbers

• January 29, 2024 — Date of Report (The date the earliest event reported in the 8-K occurred.)
• 1-3932 — Commission File Number (Whirlpool's unique identifier with the SEC.)
• 38-1490038 — IRS Employer Identification No. (Whirlpool's tax identification number.)
• 269-923-5000 — Business Phone Number (Whirlpool's primary contact number.)
• $1.00 — Par Value per Share (The nominal value of Whirlpool's common stock.)

Key Players & Entities

• WHIRLPOOL CORPORATION (company) — the registrant filing the 8-K
• January 29, 2024 (date) — date of earliest event reported
• Delaware (company) — state of incorporation for Whirlpool Corporation
• 1-3932 (dollar_amount) — Commission File Number
• 38-1490038 (dollar_amount) — I.R.S. Employer Identification No.
• 2000 North M-63, Benton Harbor, Michigan 49022-2692 (company) — principal executive offices address
• 269-923-5000 (dollar_amount) — registrant's telephone number
• WHR (company) — trading symbol for Whirlpool Corporation common stock
• Chicago Stock Exchange (company) — exchange where Whirlpool common stock is registered
• New York Stock Exchange (company) — exchange where Whirlpool common stock is registered

Forward-Looking Statements

• Whirlpool will release its full Q4 2023 earnings report or a significant financial update shortly after January 29, 2024. (WHIRLPOOL CORPORATION) — high confidence, target: 2024-02-15
• The upcoming financial disclosure will likely cause short-term volatility in WHR stock. (WHR) — medium confidence, target: 2024-02-15

FAQ

Key Financial Figures

• $1.00 — ich registered Common stock, par value $1.00 per share WHR Chicago Stock Exchange an

Filing Documents

• whr-20240129.htm (8-K) — 33KB
• exhibit991pressrelease1231.htm (EX-99.1) — 365KB
• exhibit992historicalsegmen.htm (EX-99.2) — 283KB
• image.jpg (GRAPHIC) — 61KB
• image1.jpg (GRAPHIC) — 46KB
• jimpeterswhra01.jpg (GRAPHIC) — 711KB
• mbitzer4292020a01.jpg (GRAPHIC) — 35KB
• 0000106640-24-000011.txt ( ) — 2060KB
• whr-20240129.xsd (EX-101.SCH) — 2KB
• whr-20240129_def.xml (EX-101.DEF) — 15KB
• whr-20240129_lab.xml (EX-101.LAB) — 29KB
• whr-20240129_pre.xml (EX-101.PRE) — 16KB
• whr-20240129_htm.xml (XML) — 4KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On January 29, 2024, Whirlpool Corporation issued a press release providing information regarding earnings for the fourth quarter and full year of 2023. A copy of the press release is attached hereto as Exhibit 99.1.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure As previously disclosed, Whirlpool Corporation (the "Company") has reorganized its current operating segment structure to better represent the revised structure within our portfolio transformation, including a greater focus on our strong value-creating small domestic appliance business. Effective January 1, 2024, the Company implemented this change to align with the Company's new operating structure, consistent with how the Company's Chief Operating Decision Maker evaluates performance and allocates resources in accordance with ASC 280, Segment Reporting . Going forward the Company will conduct its business through five operating segments, which consist of Major Domestic Appliances ("MDA") North America; MDA Europe, MDA Latin America; MDA Asia; and Small Domestic Appliances ("SDA") Global. The MDA Europe business will be deconsolidated upon the completion of the previously disclosed European contribution agreement transaction with Arcelik, and it does not qualify for reporting as discontinued operations. Under the terms of the agreement, Whirlpool will contribute its European major domestic appliance business, and Arcelik will contribute its European major domestic appliance, consumer electronics, air conditioning, and small domestic appliance businesses into the newly formed entity of which Whirlpool will own 25% and Arcelik 75%, subject to an adjustment mechanism based on certain financial matters. Following the closing of the transaction we account for the remaining interest of 25% under equity method accounting. The Company updated its investor relations website to present selected historical, unaudited quarterly financial information that reflects the realignment of its external segment reporting. The historical financial information is available at http://investors.whirlpoolcorp.com, and as an exhibit to this Current Report on Form 8-K. Unaudited Historical Operating Segment Data Exhibit 99.2 to this Current Report o

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Exhibit 99.1 Press Release dated January 29, 2024 Exhibit 99.2 Historical Segment Financial Data (unaudited) Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) Website Disclosure We routinely post important information for investors on our website, whirlpoolcorp.com, in the "Investors" section. We also intend to update the Hot Topics Q&A portion of this webpage as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investors section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our webpage is not incorporated by reference into, and is not a part of, this document. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 29, 2024 WHIRLPOOL CORPORATION By: /s/ JAMES W. PETERS Name: James W. Peters Title: Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR