Whirlpool Corp. posted weaker-than-expected results for the second quarter of 2025, sending its shares down about 11% in late trading. Revenue declined to $3.77 billion, falling short of analysts’ $3.85 billion projection, while ongoing earnings per share dropped to $1.34, well below the $1.61 consensus. GAAP earnings came in at $1.17 a share, reflecting a 1.7% net margin; ongoing EBIT margin was 5.3%. The appliance maker sharply lowered its full-year outlook, projecting ongoing EPS of $6 to $8 versus the roughly $10 it had targeted earlier and the $8.78 Wall Street expected. Although Whirlpool nudged its sales forecast to about $15.8 billion—slightly above consensus—it trimmed free-cash-flow guidance to $400 million from a prior range of $500 million to $600 million. In a further move to conserve cash, the company slashed its annual dividend nearly in half to $3.60 per share, or $0.90 quarterly, from $7.00 previously. Whirlpool said the cut will free up funds to pay down debt and invest in U.S. manufacturing amid what Chief Executive Officer Marc Bitzer described as continued pressure from competitors “stockpiling Asian imports into the U.S.” The company added that recently imposed U.S. tariffs could start supporting results later in the year.