Whirlpool: Sears Bankruptcy To Have Very Limited Impact On Results Of Operations

(RTTNews) - Whirlpool Corp. (WHR) confirmed the recently announced Sears bankruptcy will have a very limited impact on the company's results of operations. Whirlpool does not anticipate the bankruptcy will have any impact on its full-year 2018 EPS guidance or financial results over the long term.

As of September 30, 2018, approximately $30 million or 1% of Whirlpool's aggregate accounts receivable exposure was related to Sears, and Whirlpool had an immaterial amount of Sears-related inventory. The company noted that net sales to Sears represented less than 2% of Whirlpool's global net sales.