Solid First Quarter Performance
Whirlpool achieved 2% organic net sales growth and expanded global EBIT margins by 160 basis points year over year. Free cash flow improved by approximately $200 million versus the prior year.
Strong Performance in MDA Asia
MDA Asia realized net sales growth of 16% year over year, excluding currency, with a 7% EBIT margin in the quarter and 240 basis points of margin expansion.
SDA Global Business Momentum
The SDA global segment achieved significant net sales growth of 10% year over year, with a strong EBIT margin of 18.5% in the quarter.
New Product Launches
Whirlpool introduced several innovative products, including the KitchenAid induction cooktop and JennAir built-in wall oven, contributing to positive market responses and potential future margin expansion.
Tariff Policy Advantages
Whirlpool stands to benefit as a net winner from new tariffs due to its strong US production base, producing 80% of domestic sales in the US.