Whirlpool Corporation (NYSE:WHR) shares fell in Thursday's premarket session after the appliance maker reported weaker-than-expected first-quarter 2026 results and sharply lowered its full-year outlook.

The company posted an adjusted loss per share of 56 cents, missing analyst estimates of 40 cents, while revenue declined 9.6% year over year to $3.27 billion, below estimates of $3.45 billion.

Whirlpool reported a GAAP loss per diluted share of $1.43, compared with earnings of $1.28 a year earlier, citing a "recession-level industry decline" in the U.S. tied to collapsing consumer confidence following the war in Iran.

Margins And Profitability Weaken

GAAP net loss available to common shareholders was $85 million, versus net income of $71 million last year. Organic net sales declined 6.1%, while ongoing EBIT fell 79.6% to $44 million.

Ongoing EBIT margin narrowed to 1.3% from 5.9%, while gross profit dropped to $415 million from $607 million. Restructuring costs ...