🔹 Revenue: $3.62B (Est: $3.67B) 🔴
🔹 Adj EPS: $1.70 (Est: $1.71) 🔴
🔹 Organic Net Sales Growth: +2.2% YoY (ex-Europe divestiture)
FY25 Guidance (Reaffirmed)
🔹 Revenue: ~$15.8B (Est: $15.76B) 🟡
🔹 Adjusted EPS: ~$10.00 (Est: $9.98) 🟡
🔹 GAAP EPS: ~$8.75
🔹 Ongoing EBIT Margin: ~6.8% (vs. 5.8% like-for-like FY24)
🔹 Free Cash Flow: $500M–$600M
🔹 Operating Cash Flow: ~$1B
Segment Performance
MDA North America
🔹 Revenue: $2.42B (▼ -0.3% YoY)
🔹 EBIT Margin: 6.2% (▲ +60 bps YoY)
MDA Latin America
🔹 Revenue: $737M (▼ -11.9% YoY)
🔹 EBIT Margin: 6.6% (▼ -120 bps YoY)
MDA Asia
🔹 Revenue: $268M (▲ +12.3% YoY)
🔹 EBIT Margin: 7.0% (▲ +240 bps YoY)
SDA Global
🔹 Revenue: $196M (▲ +7.9% YoY)
🔹 EBIT Margin: 18.5% (▲ +40 bps YoY)
Free Cash Flow & Capital
🔹 Ongoing EBIT Margin: 5.9% (▲ +160 bps YoY)
🔹 GAAP Net Earnings Margin: 2.0% (▲ +780 bps YoY)
🔹 Operating Cash Flow: $(721)M (vs. $(873)M YoY)
🔹 Free Cash Flow: $(793)M (vs. $(988)M YoY)
🔹 Dividend Declared: $1.75/share (Q1 + Q2)
Strategic Commentary
🔸 “Margin expansion of 160 bps amid macro uncertainty reflects strong execution.” – CEO Marc Bitzer
🔸 “New tariff regulations expected to restore competitive parity and support U.S. manufacturing.”
🔸 “Pricing actions and cost takeout measures tracking in-line with guidance.” – CFO Jim Peters
Macro & Tariff Update
🔸 Imports from Asian producers surged >30% in Q4 '24–Feb '25 as players raced to beat tariffs
🔸 Canada & Europe impacted by retaliatory tariff threats
🔸 WHR anticipates a more level playing field under new U.S. trade policy