WHR$26.45▼ 5.9%Whirlpool now expects its business to earn less than it pays in interest this year
Whirlpool now expects an adjusted 2026 loss of about $1.30 a share, after forecasting a profit of about $7 in January, it said Oct. 26. Its outlook then implied operating profit more than twice its interest bill.
KeyVex News··5 min readFact-checked against 11 public recordsKeyVex News··5 min readFact-checked against 11 public recordsWHR$26.45▼ 5.9%Close, Oct. 26. Prices from Tiingo.The short versionTap to readTap to close
- Companies usually earn more from their business than they pay in interest. In January, Whirlpool expected about $875 million of adjusted operating profit this year, more than twice its interest bill.
- Its new forecast is about $293 million, below about $350 million of interest. A company that earns less than its interest loses money before taxes, so even its adjusted forecast is now a loss.
- Along the way, Whirlpool suspended its $0.90 quarterly dividend and replaced debt due in 2026 and 2027 with $2 billion of higher-rate notes, second in line on its receivables, inventory and other assets.
- In February it sold new shares at $69.00. Its stock closed at $26.45 on Oct. 26, before the forecast came out: 61.7% below that price, and its lowest close since March 2009.
- Next: a 7% price increase in North America takes effect in the fourth quarter, Whirlpool says.
The forecast: Whirlpool, the appliance maker, now expects to lose about $1.30 a share in 2026 on its adjusted measure, which leaves out restructuring costs and other items, it said after the market closed on Oct. 26.8-KEDGAR In January it had expected a profit of about $7.00 a share.8-K On the usual accounting basis, it now expects a loss of about $4.95.8-K
The math: Its outlook tables explain the loss. Whirlpool expects about $293 million of adjusted operating profit this year, before interest and taxes, and about $350 million of interest.8-K Its January outlook showed about $875 million of operating profit. A March 2 filing put the interest assumed in that outlook at about $330 million.8-K8-K
Why it matters: Its release called the February stock sale a "Strategic Recapitalization to Accelerate Deleveraging and Strategic Growth." Its board called suspending the dividend "prudent to strengthen our balance sheet in light of current macroeconomic uncertainties."8-K10-Q The share sale lowered its interest forecast to about $293 million, from $330 million. After Whirlpool replaced debt due in 2026 and 2027 with higher-rate secured notes in June, the interest forecast rose to about $350 million. In August it trimmed its profit forecast for one stated reason, a new interest outlook. Its sales and margin outlook did not change.8-K8-K
Whirlpool's stock and the story's key datesDaily close, Dec. 31, 2025 to Oct. 26, 2026 ▼ 63.3%Show chartHide chart
- 1Jan. 29, 2026 The first 2026 forecast: about $7.00 a share. Given after the close on Jan. 28. The stock closes at $76.96 the next day.
- 2Feb. 24, 2026 New shares priced at $69.00. With shares of a new 8.50% preferred stock. The stock closes at $71.67, down 13.9%.
- 3May 7, 2026 Forecast cut to $3.00 to $3.50; dividend suspended. Given after the close on May 6. The stock closes at $48.21, down 11.9%.
- 4June 2, 2026 $2 billion of secured notes priced. At 7.500% and 7.875%, backed by the company's receivables, inventory and other assets.
- 5Aug. 4, 2026 Forecast trimmed to $2.50 to $3.00 on higher interest. Given after the close on Aug. 3. The stock closes at $44.62, up 13.8%.
- 6Oct. 26, 2026 Last close before the new forecast: $26.45. Its lowest close since March 2009. The forecast of a $1.30 loss came after the close.
View the data (206 trading days)
| Date | Close | Day change |
|---|---|---|
| 2026-10-26 | $26.45 | −5.9% |
| 2026-10-23 | $28.11 | −2.4% |
| 2026-10-22 | $28.80 | +8.6% |
| 2026-10-21 | $26.53 | −5.4% |
| 2026-10-20 | $28.04 | +6.0% |
| 2026-10-19 | $26.46 | −5.1% |
| 2026-10-16 | $27.89 | −0.5% |
| 2026-10-15 | $28.04 | +1.5% |
| 2026-10-14 | $27.63 | −5.6% |
| 2026-10-13 | $29.26 | +1.3% |
| 2026-10-12 | $28.88 | +0.2% |
| 2026-10-09 | $28.83 | −1.1% |
| 2026-10-08 | $29.16 | −0.1% |
| 2026-10-07 | $29.19 | −3.2% |
| 2026-10-06 | $30.15 | +0.4% |
| 2026-10-05 | $30.03 | −0.9% |
| 2026-10-02 | $30.31 | −0.6% |
| 2026-10-01 | $30.48 | −0.7% |
| 2026-09-30 | $30.68 | 0.0% |
| 2026-09-29 | $30.67 | −2.3% |
| 2026-09-28 | $31.40 | −1.0% |
| 2026-09-25 | $31.71 | −3.9% |
| 2026-09-24 | $32.98 | +0.2% |
| 2026-09-23 | $32.93 | −1.9% |
| 2026-09-22 | $33.56 | +2.8% |
| 2026-09-21 | $32.64 | +2.1% |
| 2026-09-18 | $31.97 | −3.2% |
| 2026-09-17 | $33.03 | +1.9% |
| 2026-09-16 | $32.42 | −1.8% |
| 2026-09-15 | $33.03 | −2.9% |
| 2026-09-14 | $34.00 | −3.4% |
| 2026-09-11 | $35.21 | −1.9% |
| 2026-09-10 | $35.89 | −2.6% |
| 2026-09-09 | $36.83 | −2.1% |
| 2026-09-08 | $37.61 | −4.3% |
| 2026-09-04 | $39.30 | +2.1% |
| 2026-09-03 | $38.49 | −1.1% |
| 2026-09-02 | $38.92 | +2.6% |
| 2026-09-01 | $37.94 | −7.1% |
| 2026-08-31 | $40.84 | −0.8% |
| 2026-08-28 | $41.15 | +3.5% |
| 2026-08-27 | $39.75 | −1.0% |
| 2026-08-26 | $40.14 | −1.4% |
| 2026-08-25 | $40.72 | +1.5% |
| 2026-08-24 | $40.13 | −0.5% |
| 2026-08-21 | $40.35 | −0.3% |
| 2026-08-20 | $40.47 | +0.9% |
| 2026-08-19 | $40.09 | +2.1% |
| 2026-08-18 | $39.27 | −0.8% |
| 2026-08-17 | $39.59 | −4.3% |
| 2026-08-14 | $41.37 | −3.5% |
| 2026-08-13 | $42.85 | 0.0% |
| 2026-08-12 | $42.85 | −1.7% |
| 2026-08-11 | $43.59 | +3.4% |
| 2026-08-10 | $42.17 | −2.6% |
| 2026-08-07 | $43.28 | +0.7% |
| 2026-08-06 | $43.00 | −4.8% |
| 2026-08-05 | $45.19 | +1.3% |
| 2026-08-04 | $44.62 | +13.8% |
| 2026-08-03 | $39.21 | +4.6% |
| 2026-07-31 | $37.50 | −1.5% |
| 2026-07-30 | $38.07 | −1.0% |
| 2026-07-29 | $38.45 | −0.1% |
| 2026-07-28 | $38.48 | +2.3% |
| 2026-07-27 | $37.63 | +1.0% |
| 2026-07-24 | $37.27 | +4.4% |
| 2026-07-23 | $35.69 | −3.9% |
| 2026-07-22 | $37.14 | +1.9% |
| 2026-07-21 | $36.44 | −1.3% |
| 2026-07-20 | $36.91 | −3.5% |
| 2026-07-17 | $38.24 | −4.1% |
| 2026-07-16 | $39.89 | +3.4% |
| 2026-07-15 | $38.58 | −0.2% |
| 2026-07-14 | $38.65 | −0.5% |
| 2026-07-13 | $38.85 | −4.6% |
| 2026-07-10 | $40.72 | +7.6% |
| 2026-07-09 | $37.86 | +0.5% |
| 2026-07-08 | $37.67 | +1.5% |
| 2026-07-07 | $37.12 | −2.4% |
| 2026-07-06 | $38.04 | −0.2% |
| 2026-07-02 | $38.10 | −5.2% |
| 2026-07-01 | $40.17 | +1.9% |
| 2026-06-30 | $39.42 | +3.7% |
| 2026-06-29 | $38.00 | −2.5% |
| 2026-06-26 | $38.98 | +3.3% |
| 2026-06-25 | $37.74 | −0.3% |
| 2026-06-24 | $37.86 | +4.6% |
| 2026-06-23 | $36.19 | −1.0% |
| 2026-06-22 | $36.57 | −5.9% |
| 2026-06-18 | $38.86 | +0.6% |
| 2026-06-17 | $38.64 | −3.7% |
| 2026-06-16 | $40.11 | −4.2% |
| 2026-06-15 | $41.86 | −2.4% |
| 2026-06-12 | $42.89 | +1.1% |
| 2026-06-11 | $42.41 | +5.7% |
| 2026-06-10 | $40.11 | −3.2% |
| 2026-06-09 | $41.44 | +4.8% |
| 2026-06-08 | $39.56 | +0.2% |
| 2026-06-05 | $39.47 | −1.3% |
| 2026-06-04 | $40.00 | −1.7% |
| 2026-06-03 | $40.71 | −0.7% |
| 2026-06-02 | $41.01 | −3.4% |
| 2026-06-01 | $42.44 | −2.3% |
| 2026-05-29 | $43.42 | −1.5% |
| 2026-05-28 | $44.07 | −0.7% |
| 2026-05-27 | $44.36 | +4.0% |
| 2026-05-26 | $42.66 | 0.0% |
| 2026-05-22 | $42.67 | −1.2% |
| 2026-05-21 | $43.21 | +4.1% |
| 2026-05-20 | $41.51 | +1.8% |
| 2026-05-19 | $40.76 | +3.3% |
| 2026-05-18 | $39.47 | −1.3% |
| 2026-05-15 | $39.99 | −6.0% |
| 2026-05-14 | $42.53 | +1.8% |
| 2026-05-13 | $41.77 | +1.2% |
| 2026-05-12 | $41.29 | +0.5% |
| 2026-05-11 | $41.08 | −8.6% |
| 2026-05-08 | $44.96 | −6.7% |
| 2026-05-07 | $48.21 | −11.9% |
| 2026-05-06 | $54.73 | +1.0% |
| 2026-05-05 | $54.19 | +2.1% |
| 2026-05-04 | $53.07 | −6.2% |
| 2026-05-01 | $56.57 | +0.9% |
| 2026-04-30 | $56.06 | +2.6% |
| 2026-04-29 | $54.64 | −1.0% |
| 2026-04-28 | $55.20 | −1.0% |
| 2026-04-27 | $55.77 | +3.7% |
| 2026-04-24 | $53.80 | −0.7% |
| 2026-04-23 | $54.20 | −2.6% |
| 2026-04-22 | $55.65 | −2.2% |
| 2026-04-21 | $56.91 | −0.6% |
| 2026-04-20 | $57.25 | +0.7% |
| 2026-04-17 | $56.83 | +1.5% |
| 2026-04-16 | $55.99 | +0.4% |
| 2026-04-15 | $55.75 | +0.9% |
| 2026-04-14 | $55.27 | −1.4% |
| 2026-04-13 | $56.03 | −0.8% |
| 2026-04-10 | $56.51 | −0.7% |
| 2026-04-09 | $56.88 | +1.3% |
| 2026-04-08 | $56.16 | +3.0% |
| 2026-04-07 | $54.53 | −3.1% |
| 2026-04-06 | $56.29 | +1.5% |
| 2026-04-02 | $55.47 | +2.2% |
| 2026-04-01 | $54.28 | +0.7% |
| 2026-03-31 | $53.92 | +6.0% |
| 2026-03-30 | $50.87 | −2.0% |
| 2026-03-27 | $51.92 | −3.2% |
| 2026-03-26 | $53.61 | −2.9% |
| 2026-03-25 | $55.22 | +2.6% |
| 2026-03-24 | $53.84 | −1.1% |
| 2026-03-23 | $54.43 | +4.2% |
| 2026-03-20 | $52.26 | −3.7% |
| 2026-03-19 | $54.24 | −0.2% |
| 2026-03-18 | $54.35 | −4.4% |
| 2026-03-17 | $56.86 | +1.0% |
| 2026-03-16 | $56.32 | −2.0% |
| 2026-03-13 | $57.49 | +0.6% |
| 2026-03-12 | $57.14 | −1.9% |
| 2026-03-11 | $58.23 | +1.2% |
| 2026-03-10 | $57.55 | −2.0% |
| 2026-03-09 | $58.74 | 0.0% |
| 2026-03-06 | $58.76 | −4.0% |
| 2026-03-05 | $61.23 | +2.1% |
| 2026-03-04 | $59.95 | −0.7% |
| 2026-03-03 | $60.35 | −5.8% |
| 2026-03-02 | $64.06 | −6.4% |
| 2026-02-27 | $68.43 | −1.0% |
| 2026-02-26 | $69.13 | −2.3% |
| 2026-02-25 | $70.76 | −1.3% |
| 2026-02-24 | $71.67 | −13.9% |
| 2026-02-23 | $83.21 | −1.5% |
| 2026-02-20 | $84.49 | −1.2% |
| 2026-02-19 | $85.55 | −1.0% |
| 2026-02-18 | $86.44 | −0.9% |
| 2026-02-17 | $87.22 | −1.7% |
| 2026-02-13 | $88.69 | −1.9% |
| 2026-02-12 | $90.41 | −2.6% |
| 2026-02-11 | $92.82 | +1.8% |
| 2026-02-10 | $91.15 | +3.7% |
| 2026-02-09 | $87.86 | +1.5% |
| 2026-02-06 | $86.52 | +1.7% |
| 2026-02-05 | $85.09 | −3.0% |
| 2026-02-04 | $87.69 | +2.6% |
| 2026-02-03 | $85.50 | +7.0% |
| 2026-02-02 | $79.94 | −0.1% |
| 2026-01-30 | $79.99 | +3.9% |
| 2026-01-29 | $76.96 | −4.8% |
| 2026-01-28 | $80.87 | −3.1% |
| 2026-01-27 | $83.47 | −1.5% |
| 2026-01-26 | $84.71 | −0.8% |
| 2026-01-23 | $85.43 | −4.7% |
| 2026-01-22 | $89.66 | +2.0% |
| 2026-01-21 | $87.90 | +2.1% |
| 2026-01-20 | $86.12 | −1.2% |
| 2026-01-16 | $87.13 | +2.8% |
| 2026-01-15 | $84.74 | −0.6% |
| 2026-01-14 | $85.25 | +0.3% |
| 2026-01-13 | $85.03 | +1.3% |
| 2026-01-12 | $83.94 | +0.6% |
| 2026-01-09 | $83.45 | +2.6% |
| 2026-01-08 | $81.37 | +5.8% |
| 2026-01-07 | $76.90 | −2.8% |
| 2026-01-06 | $79.11 | +3.2% |
| 2026-01-05 | $76.66 | +2.9% |
| 2026-01-02 | $74.50 | +3.3% |
| 2025-12-31 | $72.14 |
Closes through Oct. 26, the last trading day before the new forecast. Its 2026 high was $92.82, on Feb. 11. Source: Tiingo end-of-day closes, as traded, via KeyVex.
How the forecast came down
The first change came from the share sale itself. On Feb. 27, Whirlpool sold about 7.9 million new shares at $69.00 each, including shares its underwriters bought under their option, plus a new 8.50% preferred stock that turns into common stock in 2029.8-K10-Q It took in about $1.08 billion after fees and used about $900 million to pay down its credit line.10-Q With 13.9 million more shares in the count, it recalculated its forecast on March 2 to about $6.00 a share. The same filing lowered its interest assumption to about $293 million, from about $330 million.8-K
On May 6 it cut the forecast to $3.00 to $3.50 a share. Its release said: "War in Iran resulted in recession-level industry decline in the U.S. as consumer confidence collapsed in late February and March."8-K Its board also suspended the quarterly dividend of $0.90 a share, calling that "prudent to strengthen our balance sheet in light of current macroeconomic uncertainties."10-Q
View the data
| Forecast date | Adjusted earnings a share | Note |
|---|---|---|
| Jan. 28 | $7.00 | About $7.00 |
| March 2 | $6.00 | About $6.00, recalculated for the new shares |
| May 6 | $3.25 | $3.00 to $3.50; midpoint shown |
| Aug. 3 | $2.75 | $2.50 to $3.00; midpoint shown |
| Oct. 26 | -$1.30 | About a $1.30 loss |
May 6 and Aug. 3 were ranges; the columns show their midpoints, KeyVex's math. The March 2 figure is the January forecast recalculated for the new shares. Sources: Whirlpool's 8-K filings of Jan. 28, March 2, May 6, Aug. 3 and Oct. 26, 2026.
The interest forecast went up
In June, Whirlpool sold $2 billion of secured notes: $1 billion due 2031 at 7.500% and $1 billion due 2034 at 7.875%. It said it would use the money, with borrowings under a new credit line, to retire its 1.250% notes due 2026 and 1.100% notes due 2027.8-K A new credit line is backed by a first claim on its receivables, inventory, intellectual property and machinery. The notes have the second claim on the same assets.10-Q
On Aug. 3 it trimmed the forecast to $2.50 to $3.00 a share. The interest line in its outlook rose to about $350 million, from about $300 million in May.8-K8-K
Whirlpool's operating profit forecast fell below its interest forecastShow chartHide chart
View the data
| Forecast date | Adjusted operating profit (ongoing EBIT) forecast | Interest expense forecast |
|---|---|---|
| Oct. 26 | $293M | $350M |
| Aug. 3 | $630M | $350M |
| May 6 | $630M | $300M |
| Jan. 28 | $875M | $330M |
Adjusted operating profit is Whirlpool's "ongoing EBIT." The January interest figure is from the March 2 8-K, which restated the January guidance; the same filing lowered it to about $293 million after the share sale (not shown). Sources: Whirlpool's outlook reconciliations in its 8-K filings of Jan. 28, May 6, Aug. 3 and Oct. 26, 2026.
What October changed
Third-quarter sales fell 8.8% from a year earlier, to $3.68 billion. Leaving out currency moves and the India business it no longer controls, they fell 5.4%. Whirlpool lost $3.80 a share, or $0.21 on its adjusted measure, against a profit of $2.09 adjusted a year earlier.8-K It now expects about $14.5 billion of sales this year. In January it expected $15.3 billion to $15.6 billion.8-K8-K
While the pace of recovery is slower than expected, these actions are setting a clear path for further improvements in 2027.
Its release lists a 7% price increase in North America and increases of up to 10% across Latin America, both in the fourth quarter.8-K On the call, Bitzer said "the macro environment turned out very different than we assumed in January," according to a transcript published by Investing.com. He said he was "beginning to be cautiously optimistic about 2027."Call RBC Capital Markets analyst Mike Dahl noted on the same call that competitors did not appear to have followed Whirlpool's summer price increases. Bitzer said he could not comment on competitors' pricing, but that in October "we have seen price moves by the competitors."Call
Finance chief Roxanne Warner said Whirlpool expects net debt, its debt minus its cash, below $4.5 billion at year end and has "preserved a clear debt maturity ladder until 2028." The release called that net debt target an improvement from under $5 billion.8-K It held $1.10 billion of cash at Sept. 30.8-K
The stock closed at $26.45 on Oct. 26, before the forecast came out. That was its lowest close since March 2009, and 61.7% below the $69.00 the new shares sold for in February.Chart dataPrices
What to watch
Whirlpool's 7% North American price increase takes effect, per its Oct. 26 release.
Whirlpool's target: net debt below $4.5 billion.
The end of what Whirlpool's finance chief called "a clear debt maturity ladder".
On or about this date, the 8.50% preferred shares sold in February convert into common stock, unless converted earlier.
The paper trail
Whirlpool's SEC filings cited in this story, Jan. 28 through Oct. 26, 2026, with the time EDGAR accepted each one.
| Filed (ET) | Form | Filer | What it shows |
|---|---|---|---|
| Jan. 28, 4:20 p.m. | 8-K | Whirlpool | 2026 forecast: about $7.00 a share adjusted; about $875 million of adjusted operating profit. |
| Feb. 27, 4:31 p.m. | 8-K | Whirlpool | The Feb. 24 pricing: 6,884,057 shares at $69.00 and 10.5 million depositary shares at $50.00, plus underwriters' options. With the options, 7,898,550 shares and 11.5 million depositary shares were issued Feb. 27, the 10-Q says. |
| March 2, 6:45 a.m. | 8-K | Whirlpool | Forecast recalculated for the new shares: about $6.00. January's interest assumption: about $330 million. |
| May 6, 4:15 p.m. | 8-K | Whirlpool | Forecast cut to $3.00 to $3.50. Interest: about $300 million. |
| May 7, 10:07 a.m. | 10-Q | Whirlpool | Common dividend suspended; about $1.08 billion raised in February; the preferred's conversion terms. |
| June 2, 5:25 p.m. | 8-K | Whirlpool | $2 billion of secured second-lien notes priced, at 7.500% and 7.875%. |
| Aug. 3, 4:15 p.m. | 8-K | Whirlpool | Forecast trimmed to $2.50 to $3.00 on a new interest outlook of about $350 million. |
| Aug. 4, 10:44 a.m. | 10-Q | Whirlpool | The liens behind the new credit line and the notes. |
| Oct. 26, 4:09 p.m. | 8-K | Whirlpool | Forecast: a loss of about $1.30 adjusted. Operating profit about $293 million, interest about $350 million. |
Sources
14 sources, 11 of them public records
Public records
- Whirlpool Corp., Form 8-K, Exhibit 99.1: third-quarter 2026 resultsSEC EDGAR · Oct. 26, 2026
- Whirlpool Corp., Form 8-K filing index (acceptance time)SEC EDGAR · Oct. 26, 2026
- Whirlpool Corp., Form 8-K, Exhibit 99.1: fourth-quarter 2025 results and 2026 outlookSEC EDGAR · Jan. 28, 2026
- Whirlpool Corp., Form 8-K: recalculated 2026 guidance after the offeringsSEC EDGAR · March 2, 2026
- Whirlpool Corp., Form 8-K, Exhibit 99.2: pricing of common stock and depositary sharesSEC EDGAR · Feb. 24, 2026 (filed Feb. 27)
- Whirlpool Corp., Form 8-K, Exhibit 99.1: "Whirlpool Announces Strategic Recapitalization to Accelerate Deleveraging and Strategic Growth"SEC EDGAR · Feb. 23, 2026 (filed Feb. 27)
- Whirlpool Corp., Form 8-K, Exhibit 99.1: first-quarter 2026 resultsSEC EDGAR · May 6, 2026
- Whirlpool Corp., Form 10-Q for the quarter ended March 31, 2026SEC EDGAR · May 7, 2026
- Whirlpool Corp., Form 8-K, Exhibit 99.1: pricing of senior secured second lien notesSEC EDGAR · June 2, 2026
- Whirlpool Corp., Form 8-K, Exhibit 99.1: second-quarter 2026 resultsSEC EDGAR · Aug. 3, 2026
- Whirlpool Corp., Form 10-Q for the quarter ended June 30, 2026SEC EDGAR · Aug. 4, 2026
Reporting
- "Earnings call transcript: Whirlpool Q3 2026 miss sparks premarket drop"Investing.com · Oct. 27, 2026
Data
- End-of-day prices for WHR, and for SPY and QQQ on the chart (Tiingo)KeyVex · through Oct. 26, 2026
- The chart's Filings layer: KeyVex's Congress trade, insider trade, 8-K and lobbying records for WHRKeyVex · through Oct. 26, 2026
How we got these numbers
- Prices are end-of-day closes as traded, not adjusted for dividends. Daily moves are close to close. Every Whirlpool close in the chart's Story range is in its data table. "Lowest close since March 2009" checks every as-traded close KeyVex holds back to 1990: the last one below $26.45 was $25.72, on March 20, 2009. The S&P 500 and Nasdaq 100 lines follow SPY and QQQ, also as traded, rebased to Whirlpool's close at the start of the range shown. The Filings switch shows the filing markers from KeyVex's Whirlpool stock page, a selection of congressional trades, insider trades, 8-Ks and lobbying filings: not every filing, and not only those tied to this story.
- "Adjusted" means Whirlpool's own "ongoing" measures, which leave out restructuring costs, impairments, gains and losses on deals and some other items. Adjusted operating profit is its "ongoing EBIT." The forecast figures for operating profit and interest expense come from the full-year outlook reconciliations in each results release; the January interest figure comes from the March 2 8-K, which restated the January guidance. Whirlpool gives these figures with "approximately" or "~", as the story does.
- "About $1.08 billion" adds the net proceeds Whirlpool reported for the common stock (about $524 million) and the preferred (about $557 million). In the forecast chart, the May 6 and Aug. 3 columns are the midpoints of Whirlpool's ranges, KeyVex's math.
- The call remarks are from a transcript published by Investing.com, not by Whirlpool.