Earnings release
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• Whirlpool CORPORATION Whirlpool KitchenAid® MAYTAG i ) INDESIT Hotpoint Consul BRASTEMP AMANA JENNAIR Bauknecht * Whirlpool Corporation ownership of the Hotpoint brand in EMEA and Asia Pacific regions is not affiliated with the Hotpoint brand sold in the Americas . Whirlpool Corporation Delivers Very Strong Q1 Results and Raises Full - Year Guidance Net sales growth of ~ 24 % , driven by sustained global industry demand and cost - based pricing actions GAAP net earnings margin of 8.1 % ( up 450 basis points ) and ongoing ( non - GAAP ) EBIT margin ( 2 ) of 12.4 % ( up 620 basis points ) with all regions delivering double digit growth across revenue and EBIT of $ 132 Delivered cash provided by operating activities of $ 182 million and free cash flow ( 4 ) million , driven by strong earnings and disciplined working capital management Raised full - year 2021 guidance ; earnings per diluted share now expected to be $ 23.10 to $ 24.10 on a GAAP basis and $ 22.50 to $ 23.50 on an ongoing basis , cash provided by operating activities of $ 1.70 billion and free cash flow ( 4 ) of - $ 1.25 billion Increased quarterly dividend to $ 1.40 per share on April 19 , 2021 , the ninth consecutive of dividend increases year Increased share repurchase authorization by $ 2 billion to ~ $ 2.4 billion BENTON HARBOR , Mich . , April 21 , 2021 - Whirlpool Corporation ( NYSE : WHR ) , the leading kitchen and laundry appliance company in the world , today reported financial results for the first quarter of 2021 . Our Q1 results successfully demonstrate our agility and resilience in dealing with component shortages and inflationary pressure , " said Marc Bitzer , chairman and chief executive officer of Whirlpool Corporation . " Sustained strong consumer demand and our recent cost - based pricing actions give us confidence to significantly raise our full - year guidance . " MARC BITZER 1