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Our Operational Priorities

During 2022, we were faced with a challenging operating and volatile macroeconomic environment, including record levels of cost inflation alongside soft industry demand. We took decisive actions through our early execution of cost-based price increases, our value-creating go-to-market approach, aggressive production reduction efforts, aligning inventory levels with global demand and initiating our strong cost takeout program.

Our consumers continue to engage with their appliances at increased levels. With this higher usage combined with our innovative product offerings and relentless focus on cost, our business remains positioned for success and to continue delivering on our vision of improving life at home.

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  • (a) The ongoing measures, including ongoing earnings before interest and taxes and ongoing earnings per diluted share, as well as free cash flow, are non-GAAP measures. Please see Financial Reconciliations for a reconciliation of these non-GAAP measures to their equivalent GAAP measures.

Regional Achievements

North America

North America saw a macroenvironment with softening consumer demand and persistent cost inflation. Our strong execution of cost-based price increases alongside disciplined inventory management enabled us to deliver solid results. We are pleased with the addition of InSinkErator to our already strong brand portfolio. The region is well-positioned to deliver margin expansion in 2023 as our teams embody the spirit of winning and are on track to deliver very strong cost takeout actions in 2023.


“We faced many challenges throughout the year, including the impacts of the war in Ukraine, significant interest rate increases, declining consumer confidence and increased costs, including energy.

We completed the divestiture of our Russia business and are pleased with the decision to contribute our European major domestic appliance business to a newly formed European appliance company with Arçelik (subject to regulatory approvals and closing conditions). Our consumers will benefit from broad product and service offerings as we bring together the ‘best of the best’ innovation, attractive brands and sustainable manufacturing.

In summary, we are proud of our business and the vital role that all of us play in keeping our consumers’ homes and lives running, even through these turbulent times.”

Gilles Morel
EVP and President, Whirlpool EMEA

LAtin america

“We delivered solid results largely offsetting the impacts of declining consumer confidence and inflationary pressures while demonstrating our commitment to ‘Win Americas’ with the opening of our new manufacturing facility in Argentina. Alongside our leading brands, Brastemp and Consul, in Brazil, and continued investments in Mexico, we are well-positioned to continue to deliver value-creating product innovation for our consumers.”

João Carlos Brega
EVP and President, Whirlpool Latin America


Asia cost-based price actions were more than offset by weaker demand as a result of softer consumer sentiment and continued cost inflation alongside macroeconomic volatility. As we turn to 2023, we are focused on driving growth and delivering margin expansion through continued product innovation and go-to-market actions.

Cash Returned to Shareholders

Total Annual Revenue

Ongoing EBIT(a)

Ongoing EBIT Margin(a)