Earnings release
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Whirlpool CORPORATION Whirlpool Delivers Impressive Q2 Results and Significantly Raises Full - Year Guidance 7/21/2021 - Net sales growth of -32 % , driven by sustained consumer demand and cost - based pricing initiatives GAAP net earnings margin of 10.9 % ( up 1,020 basis points ) and ongoing ( non - GAAP ) EBIT margin ( 2 ) of 11.4 % ( up 640 basis points ) Delivered cash provided by operating activities of $ 646 million and free cash flow ( 4 ) of $ 769 million , driven primarily by strong earnings ; free cash flow ( 4 ) also driven by the completion of the partial tender offer for Whirlpool China ( 6 ) and the divestiture of our Turkey subsidiary Raised full - year 2021 guidance ; earnings per diluted share now expected to be ~ $ 26.95 on a GAAP basis and ~ $ 26.00 on an ongoing basis ( 1 ) ; cash provided by operating activities of $ 1.95 billion and free cash flow ( 4 ) of $ 1.70 billion BENTON HARBOR , Mich . , July 21 , 2021 / PRNewswire / -- Whirlpool Corporation ( NYSE : WHR ) , committed to being the best global kitchen and laundry company , in constant pursuit of improving life at home , today reported financial results for the second quarter of 2021 . " We are significantly raising guidance to reflect the strength of our business driven by sustained consumer demand and the successful implementation of our previously announced cost - based pricing initiatives , " said Marc Bitzer , chairman and chief executive officer of Whirlpool Corporation . " Our Q2 results together with our record performance over the past three years impressively demonstrate our ability to perform in a volatile environment . " MARC BITZER KEY RESULTS 1