Pool Corporation Earnings Recaps
Q1 2026
May 9, 2026
Whirlpool shares plunged 17.9% after the quarter as investors were disappointed by a sharp demand deceleration in North America, severe margin compression, and a cautious outlook amid difficult macroeconomic headwinds.
Key takeaways
- North American appliance demand plunged sharply, with industry volume down 7.4% for the quarter and 10% in March alone, driven by historic lows in consumer sentiment.
- Ongoing EBIT margin collapsed to 1.3%, pressured by unfavorable price/mix (negative 275 bps) and costs linked to inventory reduction and inflation.
- Free cash flow swung to negative $896 million, reflecting hit from lower earnings despite inventory efforts.
- Latin America margins pressured by aggressive promotions, partially offset by Brazil tax ruling gains; Small Domestic Appliances (SDA) global segment remained a rare bright spot.
- Management initiated the largest price increase in over a decade (+10%) and accelerated cost actions but flagged ongoing macro volatility and cautious demand forecasts.
Q3 2025
Oct 29, 2025
Whirlpool Corporation reported modest revenue growth in Q3 2025, driven by strong performance in its KitchenAid small domestic appliances and market share gains in North America, although margins faced pressures from tariffs and inventory preloading.
Key takeaways
- Achieved 100 basis points of year-over-year revenue growth, supported by double-digit growth in the KitchenAid segment and new product launches in North America.
- Ongoing EBIT margins at 4.5% were impacted by tariff costs and a highly promotional environment, with a 250 basis point hit from tariffs.
- Ongoing EPS stood at $2.09, aided by an effective tax rate of 8% and cost-saving initiatives yielding a 100 basis point margin expansion year-over-year.
- Confidence remains high in North American growth potential, bolstered by U.S.-based manufacturing and a $300 million investment in laundry facilities.
- Positive signs emerging from decreasing import volumes and container rates suggest an impending leveling of the competitive playing field.