WHR - Whirlpool Corporation (WHR) Q1 2024 Earnings Call Transcript

2024-04-25 11:17:02 ET

Whirlpool Corporation (WHR)

Q1 2024 Earnings Conference Call

April 25, 2024, 08:00 AM ET

Company Participants

Scott Cartwright - Investor Relations

Marc Bitzer - Chairman & Chief Executive Officer

Jim Peters - Chief Financial & Administrative Officer

Conference Call Participants

Susan Maklari - Goldman Sachs

Michael Rehaut - JPMorgan

David MacGregor - Longbow Research

Laura Champine - Loop Capital

Sam Darkatsh - Raymond James

Mike Dahl - RBC Capital Markets

Rafe Jadrosich - Bank of America

Eric Bosshard - Cleveland Research

Presentation

Scott Cartwright

Good morning, and welcome to Whirlpool Corporation's First Quarter 2024 Earnings Call. Today's call is being recorded.

Joining me today are Marc Bitzer, our Chairman and Chief Executive Officer, and Jim Peters, our Chief Financial and Administrative Officer. Our remarks today track with a presentation available on the Investors section of our website at whirlpoolcorp.com.

Before we begin, I want to remind you that as we conduct this call, we'll be making forward-looking statements to assist you in better understanding Whirlpool Corporation's future expectations. Our actual results could differ materially from these statements due to many factors discussed in our latest 10-K, 10-Q, and other periodic reports.

We also want to remind you that today's presentation includes the non-GAAP measures, outlined in further detail at the beginning of our earnings presentation. We believe these measures are important indicators of our operations as they exclude items that may not be indicative of our results from ongoing business operations. We also think the adjusted measures will provide you with a better baseline for analyzing trends in our ongoing business operations. Listeners are directed to the supplemental information package posted on the Investor Relations section of our website for the reconciliation of non-GAAP items to the most directly comparable GAAP measures.

At this time, all participants are in listen-only mode. Following our prepared remarks, the call will be opened for analyst questions. As a reminder, we ask that participants ask no more than two questions.

With that, I'll turn the call over to Marc.

Marc Bitzer

Thanks, Scott, and good morning, everyone.

I'm pleased to report that despite a challenging macro environment, we've reported a solid first quarter, in-line with our expectations, and we're on track to deliver on our full-year guidance....

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