Whirlpool Corp WHR Shares traded higher in Monday’s after-hours session after the company reported and announced strong fourth-quarter earnings results well positioned for 2023.

What happened: jacuzzi reported Fourth-quarter revenue of $5.06 billion, which missed median analyst estimates of $5.09 billion Gasoline Pro. The company reported adjusted quarterly earnings of $3.89 per share, which was topped consensus estimates from $3.25 per share.

Whirlpool expects cost-management measures and slowing commodity inflation to result in earnings of $800-$900 million in 2023.

“This new cost structure, combined with the expected recovery in demand in the second half of the year, has positioned Whirlpool well to deliver sustained shareholder value,” he said Markus BitzerPresident and CEO of Whirlpool.

Whirlpool expects full-year 2023 sales to be approximately $19.4 billion versus estimates of $19.21 billion. The company expects full-year adjusted earnings per share to be in a range of $16 to $18 versus estimates of $15.65 per share. Free cash flow is expected to be approximately $800 million in 2023.

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WHR Price Promotion: Whirlpool has a 52-week high of $211.29 and a 52-week low of $124.43.

The stock was up 3.23% after the close of business to $158.50 at the time of publication Gasoline Pro.

Photo: frankieleon by Flickr.