Whirlpool Corporation (NYSE:WHR) Q2 2024 Earnings Conference Call July 25, 2024 8:00 AM ET
Company Participants
Marc Bitzer - Chairman, Chief Executive Officer
James Peters - Chief Financial Officer, Chief Administrative Officer
Scott Cartwright - Head of Investor Relations
Conference Call Participants
Sam Darkatsh - Raymond James
Mike Dahl - RBC Capital Markets
Susan Maklari - Goldman Sachs
David MacGregor - Longbow Research
Laura Champine - Loop Capital
Michael Rehaut - JP Morgan
Eric Bosshard - Cleveland Research
Rafe Jadrosich - Bank of America
Scott Cartwright
Good morning and welcome to Whirlpool Corporation’s second 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 wanted to remind you that as we conduct this call, we will 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 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 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 it over to Marc.
Marc Bitzer
Thanks Scott, and good morning everyone.
We demonstrated strong sequential global margin expansion in the second quarter. This global margin expansion of 100 basis points is an important step towards continued margin expansion throughout 2024. MDA North America also delivered sequential margin expansion supported by our pricing actions announced in our first quarter earnings call.
Our pricing actions in North America delivered as expected with sell-through trends improving throughout the quarter. This reflects our execution capabilities and confirms the strength of our products and brands, and we’re confident in our ability to execute with pricing actions by maintaining our MDA North America market share for the full year.