Financial Summary
The following is a summary of Whirlpool Corporation’s financial condition and results of operations for 2014, 2013 and 2012. For a more complete understanding of our financial condition and results, this summary should be read together with Whirlpool Corporation’s Financial Statements and related notes, and “Management’s Discussion and Analysis.” This information appears in the Company’s 2014 Annual Report on Form 10-K filed with the Securities and Exchange Commission, which is available on the company’s website at investors.whirlpoolcorp.com/sec.cfm.
Forward-looking Perspective
We currently estimate earnings per diluted share and industry demand for 2015 and target earnings per diluted share for 2018 to be within the following ranges:
| 2015 Current Outlook | 2018 Target | ||
| Estimated earnings per diluted share,
for the year ending December 31, 2015 |
$10.75–$11.75 | $21.50–$23.50 | |
| Including: | |||
| Restructuring Expense | $(2.85) | $(0.50) | |
| Acquisition Related Transition Cost | $(0.24) | — | |
| Pension Settlement Charge | $(0.11) | — | |
| Acquisition Purchase Price Accounting Adjustment—Inventory |
$(0.01) | — | |
| Industry demand | |||
| North America | +4% – +6% | ||
| Latin America | (3)% – 0% | ||
| EMEA | 0% – +2% | ||
| Asia | +1% – +3% | ||