FINANCIAL OVERVIEW
WHIRLPOOL CORPORATION
Our ability to consistently move the business
forward with discipline, innovation and speed
continues to strengthen our industry leadership
and produce the value-creating results our
shareholders expect.
FINANCIAL SUMMARY
The following is a brief summary of Whirlpool Corporation’s financial condition and results of operations for 2012, 2011, and 2010. For a more complete understanding of our financial condition and results, this summary should be read together with Whirlpool Corporation’s Consolidated Financial Statements and related notes, and “Management’s Discussion and Analysis.” This information appears in the Financial Supplement to the Company’s Proxy Statement and in the Financial Supplement to the
2012 Annual Report on Form 10-K
filed with the Securities and Exchange Commission, both of which are also available on the company's website at www.WhirlpoolCorp.com.
GROWTH THROUGH GEOGRAPHIC EXPANSION
Sales by RegionFORWARD-LOOKING PERSPECTIVE
We currently estimate earnings per diluted share and industry demand for 2013 to be within the following ranges:
2013
Outlook
Outlook
Estimated GAAP diluted earnings per share,
for the year ending December 31, 2013
for the year ending December 31, 2013
$9.80–$10.30
Including:
BEFIEX credits
Restructuring expense
U.S. Energy Tax Credits [1]
Restructuring expense
U.S. Energy Tax Credits [1]
$(0.81)
$1.75
$(1.50)
$1.75
$(1.50)
Estimated ongoing business operations diluted
earnings per share
$9.25–$9.75
Industry demand
North America
Latin America
EMEA
Asia
Latin America
EMEA
Asia
2%–3%
3%–5%
0%–0%
3%–5%
[1] 2013 Outlook includes the expected impact of the U.S. Energy Tax Credits earned in 2012 and 2013. The benefit earned for both years will be recognized in 2013.
For the full-year 2013, we expect to generate free cash flow between $600 million and $650 million, including restructuring cash outlays of up to $245 million, capital spending of $600 million to $650 million and U.S. pension contributions of up to $140 million.
For more information, see document titled "GAAP Reconciliations" at http://investors.WhirlpoolCorp.com/annuals.cfm.