Whirlpool Corporation (NYSE:WHR) Q3 2023 Results Conference Call October 26, 2023 8:00 AM ET

Company Participants

Korey Thomas - Senior Director of Investor Relations

Marc Bitzer - Chairman and Chief Executive Officer

Jim Peters - Chief Financial Officer

Conference Call Participants

Susan Maklari - Goldman Sachs

Sam Darkatsh - Raymond James

David MacGregor - Longbow Research

Eric Bosshard - Cleveland Research

Mike Dahl - RBC Capital Markets

Liz Suzuki - Bank of America

Doug Wardlaw - JPMorgan

Operator

Good morning, and welcome to Whirlpool Corporation's Third Quarter 2023 Earnings Release Call. Today's call is being recorded.

For opening remarks and introductions, I would like to turn the call over to Senior Director of Investor Relations, Korey Thomas.

Korey Thomas

Thank you, and welcome to our earnings conference call. Joining me today are Marc Bitzer, our Chairman and Chief Executive Officer; and Jim Peters, our Chief Financial Officer. Our remarks today track with a presentation available in 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 they may not be indicative of a results from our 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 in 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 a 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, Korey, and good morning, everyone. Before we discuss our Q3 results in more detail, I want to acknowledge the great news that we received earlier this week. On Tuesday, the European Commission announced their unconditional approval of our European transaction with Arcelik. The fifth decision in earlier clearances from Austria, Germany and China, we passed a major regulatory hurdle and are now fully focused in obtaining phase two approval from the UK's CMA.