
In-N-Out heiress Lynsi Snyder reveals she's moving family out of California as company expands east: ‘Not easy here'
Billionaire In-N-Out Burger heiress Lynsi Snyder has revealed that she is relocating her family from California to Tennessee, months after the popular burger chain broke ground in its eastern expansion.
'There's a lot of great things about California, but raising a family is not easy here,' Snyder shared on Allie Beth Stuckey's 'Relatable' podcast. 'Doing business is not easy here.'
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'We're building an office in Franklin, so I'm actually moving out there,' Snyder added.
Snyder, who has served as the company's president since 2010, confessed that 'the bulk' of their stores will be in California, even though a new office will be in Franklin, Tenn., just south of Nashville.
'It will be wonderful having an office out there, growing out there and being able to have the family and other people's families out there,' Snyder added.
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4 In-N-Out Burger's president Lynsi Snyder is moving out of California.
Allie Beth Stuckey / YouTube
The company, founded by Snyder's grandparents Harry and Esther Snyder in 1948, plans to close its Irvine, Calif. headquarters by 2030. and return to its office in Baldwin Park.
'My uncle opened the office in Irvine … in the '90s,' Snyder said. 'When my dad came down to run the business, we had moved to northern California. It was family over fighting with his brother and running the company.
'So when he came down and saw Irvine and all of that, [he] was just like, 'This is not us. This is not our roots, this is not my dad,' and he wanted to move everyone back to Baldwin Park. So he kind of did a hybrid. He moved a lot of people back to Baldwin Park but Irvine continued on and continued to grow and my dad died a handful of years later.'
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4 Snyder confessed it was 'not easy' to raise a family or do business in California.
Allie Beth Stuckey / YouTube
4 Harry and Esther Snyder founded the burger joint in 1948.
In-N-Out Burger
Snyder claimed that corporate workers will either be transferred to their Baldwin Park office, located just outside of Los Angeles, or to the new Tennessee headquarters.
The company that founded California's first 'drive-thru' hamburger stand broke ground on a new 100,000-square-foot office building in Franklin in September 2024, according to News 2.
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The company plans to open its first Tennessee restaurants by 2026.
Snyder confessed that she's rejected invitations to open In-N-Out locations in Florida and in various states on the East Coast, but she hinted that it could expand into other places.
'We're able to reach Tennessee from our Texas warehouse,' Snyder said. 'So we're not putting our meat facility, where we do all of our beef and send it to our stores [to] make patties, we're not going to have that there. We'll have a warehouse, but not do our own meat there, so we'll be able to deliver from Texas. So Texas can reach some other states.'
The burger leader didn't elaborate on which states the company could enter next but she didn't hold back the company's struggles with the state of California.
4 The fast food chain plans to open its first Tennessee restaurants by 2026.
In-N-Out Burger
Snyder shared grievances ranging from crime to the San Francisco Department of Public Health's requirement to make restaurants check customers' vaccine cards during the Coronavirus pandemic.
'There were so many pressures and just hoops we were having to jump through,' Snyder said.
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'You've got to do this, you have to wear a mask, you gotta put this plastic thing up between us and our customers and it was really terrible you know. And I look back and I'm like, 'Man, maybe we should have just pushed [back] even harder on some of that stuff and dealt with all of the legal backlash.''
In-N-Out's refusal to check vaccine cards shut down stores in San Francisco for a 'brief moment, but it's worth it,' Snyder added.
Snyder also closed a store in Oakland because it was in an 'absolutely dangerous' area.
'There was actually — gunshots went through the store, there was a stabbing, there was a lot,' Snyder shared during an interview with PragerU.

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(1) A reconciliation of earnings before interest and taxes (EBIT) and ongoing EBIT, non-GAAP financial measures, to reported net earnings (loss) available to Whirlpool, and a reconciliation of EBIT margin and ongoing EBIT margin, non-GAAP financial measures, to net earnings (loss) margin and other important information, appears below. (2) A reconciliation of ongoing earnings per diluted share, a non-GAAP financial measure, to reported net earnings (loss) per diluted share available to Whirlpool and other important information, appears below. (3) A reconciliation of free cash flow, a non-GAAP financial measure, to cash provided by (used in) operating activities and other important information, appears below. (4) Segment EBIT represents our consolidated EBIT broken down by the Company's reportable segments and are metrics used by the chief operating decision maker in accordance with ASC 280. Consolidated EBIT also includes corporate "Other/Eliminations" of $(60) million and $(150) million for the second quarters of 2025 and 2024, respectively. (5) Like-for-like refers to pro forma results for 2024, which exclude the first quarter results for the historical Europe major domestic appliances business (MDA Europe) to provide a comparative baseline for 2025 guidance. This comparison uses a prior period baseline that is aligned to the ongoing business expectations for 2025, with the Europe transaction closed April 1, 2024. The like-for-like GAAP net earnings margin and corresponding reconciliation cannot be provided without unreasonable effort or expense. Please see below for a reconciliation of ongoing EBIT for the full year to GAAP net earnings. (6) Note: Board of Directors reviews and sets dividend quarterly. Recommending quarterly dividend of $0.90 per share, totaling $5.30 per share for 2025 and annualized rate of $3.60. ABOUT WHIRLPOOL CORPORATION Whirlpool Corporation (NYSE: WHR) is a leading home appliance company, in constant pursuit of improving life at home. As the last-remaining major U.S.-based manufacturer of kitchen and laundry appliances, the company is driving meaningful innovation to meet the evolving needs of consumers through its iconic brand portfolio, including Whirlpool, KitchenAid, JennAir, Maytag, Amana, Brastemp, Consul, and InSinkErator. In 2024, the company reported approximately $17 billion in annual sales - close to 90% of which were in the Americas - 44,000 employees and 40 manufacturing and technology research centers. Additional information about the company can be found at WEBSITE DISCLOSURE We routinely post important information for investors on our website, in the "Investors" section. We also intend to update the "Hot Topics Q&A" portion of this webpage as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the "Investors" section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our webpage is not incorporated by reference into, and is not a part of, this document. WHIRLPOOL ADDITIONAL INFORMATION This document contains forward-looking statements about Whirlpool Corporation and its consolidated subsidiaries ("Whirlpool") within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Whirlpool intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with those safe harbor provisions. Any statements made in this press release that are not statements of historical fact, including statements regarding future financial results, long-term value creation goals, restructuring expectations, productivity, raw material prices and related costs, supply chain, portfolio transformation expectations, asset impairment, debt repayment and dividend expectations, India transaction timing and benefits expectations, trade customer inventory expectations, and the impact of housing recovery-related benefits on our operations are forward-looking statements and should be evaluated as such. Such statements can be identified by the use of terminology such as "may," "could," "will," "should," "possible," "plan," "predict," "forecast," "potential," "anticipate," "estimate," "expect," "project," "intend," "believe," "may impact," "on track," "margin lift," and similar words or expressions. Many risks, contingencies and uncertainties could cause actual results to differ materially from Whirlpool's forward-looking statements. Among these factors are: (1) intense competition in the home appliance industry, and the impact of the changing retail environment, including direct-to-consumer sales; (2) Whirlpool's ability to maintain or increase sales to significant trade customers; (3) Whirlpool's ability to maintain its reputation and brand image; (4) the ability of Whirlpool to achieve its business objectives and successfully manage its strategic portfolio transformation; (5) Whirlpool's ability to understand consumer preferences and successfully develop new products; (6) Whirlpool's ability to obtain and protect intellectual property rights; (7) acquisition, divestiture, and investment-related risks, including risks associated with our past acquisitions; (8) the ability of suppliers of critical parts, components and manufacturing equipment to deliver sufficient quantities to Whirlpool in a timely and cost-effective manner; (9) risks related to our international operations; (10) Whirlpool's ability to respond to unanticipated social, political and/or economic events, including epidemics/pandemics; (11) information technology system and cloud failures, data security breaches, data privacy compliance, network disruptions, and cybersecurity attacks; (12) product liability and product recall costs; (13) Whirlpool's ability to attract, develop and retain executives and other qualified employees; (14) the impact of labor relations; (15) fluctuations in the cost of key materials (including steel, resins, and base metals) and components and the ability of Whirlpool to offset cost increases; (16) Whirlpool's ability to manage foreign currency fluctuations; (17) impacts from goodwill, intangible asset and/or inventory impairment charges; (18) health care cost trends, regulatory changes and variations between results and estimates that could increase future funding obligations for pension and postretirement benefit plans; (19) impacts from credit rating agency downgrades; (20) litigation, tax, and legal compliance risk and costs; (21) the effects and costs of governmental investigations or related actions by third parties; (22) changes in the legal and regulatory environment including environmental, health and safety regulations, data privacy, taxes and generative AI; (23) the impacts of changes in foreign trade policies, including tariffs; (24) Whirlpool's ability to respond to the impact of climate change and climate change or other environmental regulation; and (25) the uncertain global economy and changes in economic conditions. In addition, factors that could cause actual results to differ materially from our India transaction expectations include, among other things, failure or delays in launching transaction based on Board approval, market conditions or other factors, failure or delays in share settlement and closing, transaction proceeds being lower than expected, alternative uses for proceeds received, brand license valuation expectations not being met, and strategic, economic or industry expectations for India not being realized. Additional information concerning these and other factors can be found in Whirlpool's filings with the Securities and Exchange Commission, including the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K. These cautionary statements should not be construed by you to be exhaustive and the forward-looking statements are made only as of the date of this press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. WHIRLPOOL CORPORATION CONSOLIDATED CONDENSED STATEMENTS OF INCOME (LOSS) (UNAUDITED) FOR THE PERIODS ENDED JUNE 30 (Millions of dollars, except per share data) Three Months EndedSix Months Ended2025202420252024 Net sales $ 3,773$ 3,989$ 7,393$ 8,478 ExpensesCost of products sold 3,1623,3636,1767,211 Gross margin 6106261,2171,267 Selling, general and administrative 397394803871 Intangible amortization 771317 Restructuring costs 2501173 Loss (gain) on sale and disposal of businesses —45—292 Operating profit 20413038914 Other (income) expenseInterest and sundry (income) expense (4)7(36)(21) Interest expense 8693164183 Earnings (loss) before income taxes 12130260(148) Income tax expense (benefit) 29(206)72(130) Equity method investment income (loss), net of tax (18)(11)(35)(11) Net earnings (loss) 75225153(29) Less: Net earnings (loss) available to noncontrolling interests 961711 Net earnings (loss) available to Whirlpool $ 65$ 219$ 137$ (40) Per share of common stockBasic net earnings (loss) available to Whirlpool $ 1.17$ 3.96$ 2.46$ (0.75) Diluted net earnings (loss) available to Whirlpool $ 1.17$ 3.96$ 2.45$ (0.75) Dividends declared $ 1.75$ 1.75$ 3.50$ 3.50 Weighted-average shares outstanding (in millions)Basic 55.954.955.754.9 Diluted 56.155.055.954.9 WHIRLPOOL CORPORATION CONSOLIDATED CONDENSED BALANCE SHEETS (Millions of dollars, except share data) June 30, 2025December 31, 2024(Unaudited) AssetsCurrent assetsCash and cash equivalents $ 1,068$ 1,275 Accounts receivable, net of allowance of $51 and $46, respectively 1,3791,317 Inventories 2,6002,035 Prepaid and other current assets 581612 Total current assets 5,6275,239 Property, net of accumulated depreciation of $5,585 and $5,414, respectively 2,3002,275 Right of use assets 826841 Goodwill 3,3253,322 Other intangibles, net of accumulated amortization of $459 and $447, respectively 2,7052,717 Deferred income taxes 1,4861,433 Other noncurrent assets 489474 Total assets $ 16,759$ 16,301 Liabilities and stockholders' equityCurrent liabilitiesAccounts payable $ 3,520$ 3,530 Accrued expenses 409455 Accrued advertising and promotions 411682 Employee compensation 211228 Notes payable 1,15818 Current maturities of long-term debt 3001,850 Other current liabilities 631560 Total current liabilities 6,6417,323 Noncurrent liabilitiesLong-term debt 6,1724,758 Pension benefits 111122 Postretirement benefits 9696 Lease liabilities 692711 Other noncurrent liabilities 464358 Total noncurrent liabilities 7,5356,045 Stockholders' equityCommon stock, $1 par value, 250 million shares authorized, 65 million and65 million shares issued, respectively, and 55 million and 55 million shares outstanding, respectively 6564 Additional paid-in capital 3,4733,462 Retained earnings 1,2531,311 Accumulated other comprehensive loss (1,904)(1,545) Treasury stock, 9 million and 9 million shares, respectively (568)(609) Total Whirlpool stockholders' equity 2,3202,683 Noncontrolling interests 264250 Total stockholders' equity 2,5832,933 Total liabilities and stockholders' equity $ 16,759$ 16,301 WHIRLPOOL CORPORATION CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) FOR THE PERIODS ENDED JUNE 30 (Millions of dollars) Six Months Ended20252024 Operating activitiesNet earnings (loss) $ 153$ (29) Adjustments to reconcile net earnings to cash provided by (used in) operating activities:Depreciation and amortization 163170 Loss (gain) on sale and disposal of businesses —292 Equity method investment (income) loss, net of tax 3511 Share based compensation and other 8633 Changes in assets and liabilities:Accounts receivable (21)(211) Inventories (527)(54) Accounts payable (134)(123) Accrued advertising and promotions (284)(154) Accrued expenses and current liabilities (29)(170) Taxes deferred and payable, net (16)(209) Accrued pension and postretirement benefits (1)(14) Employee compensation (31)(55) Other (96)28 Cash provided by (used in) operating activities (702)(485) Investing activitiesCapital expenditures (154)(228) Proceeds from sale of assets and businesses —42 Cash held by divested businesses —(245) Other —(1) Cash provided by (used in) investing activities (154)(432) Financing activitiesNet proceeds from borrowings of long-term debt 1,200300 Net repayments of long-term debt (1,550)(801) Net proceeds (repayments) from short-term borrowings 1,142780 Dividends paid (194)(191) Repurchase of common stock —(50) Sale of minority interest in subsidiary —462 Other (15)1 Cash provided by (used in) financing activities 582501 Effect of exchange rate changes on cash and cash equivalents 67(72) Increase (decrease) in cash and cash equivalents (207)(488) Cash and cash equivalents at beginning of year 1,2751,667 Cash and cash equivalents at end of period $ 1,068$ 1,179 SUPPLEMENTAL INFORMATION - CONSOLIDATED FINANCIAL STATEMENTS RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES(Millions of dollars except per share data) (Unaudited) We supplement the reporting of our financial information determined under U.S. generally accepted accounting principles (GAAP) with certain non-GAAP financial measures, some of which we refer to as "ongoing" measures. These measures may include earnings before interest and taxes (EBIT), EBIT margin, ongoing EBIT, ongoing EBIT margin, ongoing earnings per diluted share, adjusted effective tax rate, net debt leverage (Net Debt/Ongoing EBITDA), return on invested capital (ROIC) and free cash flow. Ongoing measures exclude items that may not be indicative of, or are unrelated to, results from our ongoing operations and provide a better baseline for analyzing trends in our underlying businesses. Sales excluding foreign currency: Current period net sales translated in functional currency, to U.S. dollars using the applicable prior period's exchange rate compared to the applicable prior period net sales. Management believes that sales excluding foreign currency provides stockholders with a clearer basis to assess our results over time, excluding the impact of exchange rate EBIT margin: Ongoing earnings before interest and taxes divided by net sales. Ongoing measures exclude items that may not be indicative of, or are unrelated to, results from our ongoing operations and provide a better baseline for analyzing trends in our underlying earnings per diluted share: Diluted net earnings per share from continuing operations, adjusted to exclude items that may not be indicative of, or are unrelated to, results from our ongoing operations. Ongoing measures provide a better baseline for analyzing trends in our underlying debt leverage: Net debt to ongoing earnings before interest, taxes, depreciation, and amortization (EBITDA) ratio is net debt outstanding, including long-term debt, current maturities of long-term debt, and notes payable, less cash and cash equivalents, divided by ongoing EBITDA. Management believes that net debt leverage provides stockholders with a view of our ability to generate earnings sufficient to service our on invested capital: Ongoing EBIT after taxes divided by total invested capital, defined as total assets less non-interest bearing current liabilities (NIBCLS). NIBCLS is defined as current liabilities less current maturities of long-term debt and notes payable. This ROIC definition may differ from other companies' methods and therefore may not be comparable to those used by other companies. Management believes that ROIC provides stockholders with a view of capital efficiency, a key driver of stockholder value effective tax rate: Effective tax rate, excluding pre-tax income and tax effect of certain unique items. Management believes that adjusted tax rate provides stockholders with a meaningful, consistent comparison of the Company's effective tax rate, excluding the pre-tax income and tax effect of certain unique cash flow: Cash provided by (used in) operating activities less capital expenditures. Management believes that free cash flow provides stockholders with a relevant measure of liquidity and a useful basis for assessing the Company's ability to fund its activities and obligations. Whirlpool does not provide a non-GAAP reconciliation for its forward-looking long-term value creation goals, such as EBIT, free cash flow conversion, ROIC and net debt leverage, as these long-term management goals are not annual guidance, and the reconciliation of these long-term measures would rely on market factors and certain other conditions and assumptions that are outside of the Company's control. We believe that these non-GAAP measures provide meaningful information to assist investors and stockholders in understanding our financial results and assessing our prospects for future performance, and reflect an additional way of viewing aspects of our operations that, when viewed with our GAAP financial measures, provide a more complete understanding of our business. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies' non-GAAP financial measures having the same or similar names. These ongoing financial measures should not be considered in isolation or as a substitute for reported net earnings available to Whirlpool per diluted share, net earnings, net earnings available to Whirlpool, net earnings margin, return on assets, net sales, effective tax rate and cash provided by (used in) operating activities, the most directly comparable GAAP financial measures. We also disclose segment EBIT as an important financial metric used by the Company's Chief Operating Decision Maker to evaluate performance and allocate resources in accordance with ASC 280 - Segment Reporting. GAAP net earnings available to Whirlpool per basic or diluted share (as applicable) and ongoing earnings per diluted share are presented net of tax, while individual adjustments in each reconciliation are presented on a pre-tax basis; the income tax impact line item aggregates the tax impact for these adjustments. The tax impact of individual line item adjustments may not foot precisely to the aggregate income tax impact amount, as each line item adjustment may include non-taxable components. Historical quarterly earnings per share amounts are presented based on a normalized tax rate adjustment to reconcile quarterly tax rates to full-year tax rate expectations. We strongly encourage investors and stockholders to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. SECOND-QUARTER 2025 ONGOING EARNINGS BEFORE INTEREST AND TAXES AND ONGOING EARNINGS PER DILUTED SHARE The reconciliation provided below reconciles the non-GAAP financial measures ongoing earnings before interest and taxes and ongoing earnings per diluted share, with the most directly comparable GAAP financial measures, net earnings (loss) available to Whirlpool and net earnings (loss) per diluted share available to Whirlpool, for the three months ended June 30, 2025. Net earnings (loss) margin is calculated by dividing net earnings (loss) available to Whirlpool by net sales. Ongoing EBIT margin is calculated by dividing ongoing EBIT by net sales. EBIT margin is calculated by dividing EBIT by net sales. The earnings per diluted share GAAP measure and ongoing measure are presented net of tax, while each adjustment is presented on a pre-tax basis. Our second-quarter GAAP tax rate was 23.9%. The aggregate income tax impact of the taxable components of each adjustment is presented in the income tax impact line item at our second-quarter adjusted tax rate (non-GAAP) of 22.5%.Three Months Ended Earnings Before Interest & Taxes Reconciliation: June 30, 2025 Net earnings (loss) available to Whirlpool $ 65 Net earnings (loss) available to noncontrolling interests 9 Income tax expense (benefit) 29 Interest expense 86 Earnings before interest & taxes $ 190 Net sales $ 3,773 Net earnings (loss) margin 1.7 % Results classificationEarnings beforeinterest & taxesEarnings perdiluted share Reported measure $ 190$ 1.17 Restructuring expense (a) Restructuring costs20.03 Impact of M&A transactions (b) Selling, general and administrative80.15 Income tax impact (0.04) Normalized tax rate adjustment (c) 0.03 Ongoing measure $ 200$ 1.34 Net sales $ 3,773 Ongoing EBIT margin 5.3 %Note: Numbers may not reconcile due to rounding. SECOND-QUARTER 2024 ONGOING EARNINGS BEFORE INTEREST AND TAXES AND ONGOING EARNINGS PER DILUTED SHARE The reconciliation provided below reconciles the non-GAAP financial measures ongoing earnings before interest and taxes and ongoing earnings per diluted share, with the most directly comparable GAAP financial measures, net earnings (loss) available to Whirlpool and net earnings (loss) per diluted share available to Whirlpool, for the three months ended June 30, 2024. Net earnings (loss) margin is calculated by dividing net earnings (loss) available to Whirlpool by net sales. Ongoing EBIT margin is calculated by dividing ongoing EBIT by net sales. EBIT margin is calculated by dividing EBIT by net sales. The earnings per diluted share GAAP measure and ongoing measure are presented net of tax, while each adjustment is presented on a pre-tax basis. Our second-quarter GAAP tax rate was (687)%. The aggregate income tax impact of the taxable components of each adjustment is presented in the income tax impact line item at our second-quarter adjusted tax rate (non-GAAP) of (14)%.Three Months Ended Earnings Before Interest & Taxes Reconciliation: June 30, 2024 Net earnings (loss) available to Whirlpool $ 219 Net earnings (loss) available to noncontrolling interests 6 Income tax expense (benefit) (206) Interest expense 93 Earnings before interest & taxes $ 112 Net sales $ 3,989 Net earnings (loss) margin 5.5 % Results classificationEarnings before interest & taxesEarnings per diluted share Reported measure $ 112$ 3.96 Restructuring expense(a) Restructuring expense500.91 Impact of M&A transactions(b) (Gain) loss on sale and disposal of businesses & Selling, general and administrative500.90 Total income tax impact 0.26 Normalized tax rate adjustment(c) (3.64) Ongoing measure $ 212$ 2.39 Net sales $ 3,989 Ongoing EBIT margin 5.3 %Note: Numbers may not reconcile due to rounding. FULL-YEAR 2024 ONGOING EARNINGS BEFORE INTEREST AND TAXES AND ONGOING EARNINGS PER DILUTED SHARE The reconciliation provided below reconciles the non-GAAP financial measures ongoing earnings before interest and taxes and ongoing earnings per diluted share, with the most directly comparable GAAP financial measures, net earnings (loss) available to Whirlpool and net earnings (loss) per diluted share available to Whirlpool, for the twelve months ended December 31, 2024. Net earnings (loss) margin is calculated by dividing net earnings (loss) available to Whirlpool by net sales. Ongoing EBIT margin is calculated by dividing ongoing EBIT by net sales. EBIT margin is calculated by dividing EBIT by net sales. The earnings per diluted share GAAP measure and ongoing measure are presented net of tax, while each adjustment is presented on a pre-tax basis. Our full-year GAAP tax rate was (5.5)%. The aggregate income tax impact of the taxable components of each adjustment is presented in the income tax impact line item at our full-year adjusted tax (non-GAAP) rate of (28.6)%.Twelve Months Ended Earnings Before Interest & Taxes Reconciliation: December 31, 2024 Net earnings (loss) available to Whirlpool $ (323) Net earnings (loss) available to noncontrolling interests 18 Income tax expense (benefit) 10 Interest expense 358 Earnings before interest & taxes $ 63 Net sales $ 16,607 Net earnings (loss) margin (1.9) % Results classificationEarnings beforeinterest & taxesEarnings per diluted share Reported measure $ 63$ (5.87) Restructuring expense Restructuring costs791.44 Impairment of goodwill,intangibles and other assets Impairment of goodwill and other intangibles3816.92 Impact of M&A transactions (Gain) loss on sale anddisposal of businesses & Selling, general and administrative2925.30 Legacy EMEA legal matters Interest and sundry (income) expense(2)(0.04) Equity method investee - restructuring charges Equity method investmentincome (loss), net of tax741.34 Total income tax impact 4.28 Normalized tax rate adjustment (1.16) Ongoing measure $ 887$ 12.21 Net Sales $ 16,607 Ongoing EBIT Margin 5.3 %Note: Numbers may not reconcile due to rounding. FULL-YEAR 2025 OUTLOOK FOR ONGOING EARNINGS BEFORE INTEREST AND TAXES AND ONGOING EARNINGS PER DILUTED SHARE The reconciliation provided below reconciles the non-GAAP financial measures ongoing earnings before interest and taxes and ongoing earnings per diluted share, with the most directly comparable GAAP financial measures, net earnings available to Whirlpool and net earnings per diluted share available to Whirlpool, for the twelve months ending December 31, 2025. The earnings per diluted share GAAP measure and ongoing measure are presented net of tax, while each adjustment is presented on a pre-tax basis. Our anticipated full-year GAAP tax rate is approximately 20 - 25%. The aggregate income tax impact of the taxable components of each adjustment is presented in the income tax impact line item at our anticipated full-year adjusted tax (non-GAAP) rate of 20 - 25%.Twelve Months Ending December 31, 2025Results classificationEarnings before interest & taxes*Earnings per diluted share Reported measure ~$825$5.00 - $7.00 Restructuring Expense Restructuring Costs ~50 ~1.00 Impact of M&A transactions (Gain) loss on sale and disposal of businesses &Selling, general and administrative ~20 ~0.25 Total income tax impact (~0.25) Ongoing measure ~$900$6.00 - $8.00Note: Numbers may not reconcile due to rounding.*Earnings Before Interest & Taxes (EBIT) is a non-GAAP measure. The Company does not provide a forward-looking quantitative reconciliation of EBIT to the most directly comparable GAAP financial measure, net earnings available to Whirlpool, because the net earnings available to noncontrolling interests item of such reconciliation -- which has historically represented a relatively insignificant amount of the Company's overall net earnings -- implicates the Company's projections regarding the earnings of the Company's non wholly-owned subsidiaries and joint ventures that cannot be quantified precisely or without unreasonable efforts. FOOTNOTES a. RESTRUCTURING EXPENSE - We incurred restructuring charges of $2 million for the three months ended June 30, 2025 compared to $50 million for the same period in 2024. b. IMPACT OF M&A TRANSACTIONS - The Company incurred unique transaction related costs related to portfolio transformation for a total of $8 million for the three months ended June 30, January 16, 2023, we signed a contribution agreement to contribute our European major domestic appliance business into a newly formed entity with Arçelik. In connection with the transaction, we recorded a loss on disposal of $45 million for the three months ended June 30, 2024. Additionally, we incurred other unique transaction related costs related to portfolio transformation for a total of $5 million for the three months ended June 30, 2024. These transaction costs were recorded in Selling, General and Administrative expenses on our Consolidated Condensed Statements of Comprehensive Income (Loss). c. NORMALIZED TAX RATE ADJUSTMENT - During the second quarter of 2025, the Company calculated a GAAP tax rate of 23.9%. Ongoing earnings per share was calculated using an adjusted tax rate of 22.5%, which excludes the tax impacts related to M&A transaction costs and restructuring the second quarter of 2024, the Company calculated a GAAP tax rate of (687)%. Ongoing earnings per share was calculated using an adjusted tax rate of (14)%, which excludes the non-tax deductible impact of M&A transactions of approximately $50 million recorded in the second quarter of in the full-year 2025 outlook, the Company calculated ongoing earnings per share using a full-year adjusted tax (non-GAAP) rate of approximately 20 - 25%. NET SALES AND ONGOING EBIT EXCLUDING MDA EUROPE 2024 FIRST QUARTER The reconciliation provided below reconciles the impact of removing Q1 MDA Europe from our net sales and ongoing EBIT for the twelve months ended December 31, 2024 for the Whirlpool business. Please see elsewhere in this Supplemental Information section for a reconciliation of Ongoing EBIT to GAAP reported net earnings (loss) available to Whirlpool.2024 AsReported Q1 2024 MDA Europe* 2024 Like-for-Like Net Sales (in billions) $16.6 $0.8 ~$15.8 Ongoing EBIT (in millions) 887 (9) ~896 Ongoing EBIT Margin 5.3 % (1.1) % ~5.7 %Note: Numbers may not reconcile due to rounding. *Q1 historical segment financial data (unaudited). FREE CASH FLOW Free cash flow is cash provided by (used in) operating activities after capital expenditures. The reconciliation provided below reconciles six months ended June 30, 2025 and 2024 and 2025 full-year free cash flow with cash provided by (used in) operating activities, the most directly comparable GAAP financial measure. Free cash flow as a percentage of net sales is calculated by dividing free cash flow by net Months EndedJune 30, (millions of dollars) 202520242025 Outlook Cash provided by (used in) operating activities $(702)$(485)~$850 Capital expenditures (154)(228)(~450) Free cash flow $(856)$(713)~$400 Cash provided by (used in) investing activities* (154)(432) Cash provided by (used in) financing activities* 582501*Financial guidance on a GAAP basis for cash provided by (used in) financing activities and cash provided by (used in) investing activities has not been provided because in order to prepare any such estimate or projection, the Company would need to rely on market factors and certain other conditions and assumptions that are outside of its control. View original content to download multimedia: SOURCE Whirlpool Corporation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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How To Finally Break Out of the Paycheck-to-Paycheck Cycle, According To Lewis Howes
The size of your paycheck isn't necessarily the key to financial stability. Lewis Howes, a personal finance expert and host of The School of Greatness podcast has lived this journey and now he's sharing it with others. He recently uploaded a video to his YouTube channel explaining how to stop living paycheck to paycheck. If you're ready to break this cycle in your own life, keep reading to find out what he had to say. Find Out: Read Next: Overcome 'Victim Mentality' 'I was scared, and I was scarce emotionally, spiritually, mentally, and I was living from that place of financial brokenness and also emotional brokenness and those two things are not a good place to be in,' Howes said. Thankfully, he said something inside him changed and he started to shift away from 'victim mentality' to do something with his life. If this sounds familiar, you can also work to overcome a sense of victim mentality. For example you might set personal and career goals to work toward, start saying no to habits that don't align with your goals, surround yourself with positive people and learn to manage your reactions to situations you can't control. See More: Face Your Fears Howes decided to put his fears in the rearview mirror by tackling them head on. For him, this included learning to work past his fear of speaking on stage by going to Toastmasters on a weekly basis, learning to salsa dance, writing a book, playing Olympic handball and starting his own business. This can feel terrifying, but you have the courage to face your fears. Get started by being kind and patient with yourself, concentrating more on the goal itself than your fear, acknowledging your feelings without immersing yourself in them and focusing on the facts, according to advice from Psychology Today. Expand Your Knowledge 'I started to figure out money eventually,' he said. 'It took a few years, but something clicked inside of me after having mentors teaching me and coaching me where I was just willing to obsess over it.' No one — including Howes — is born with a solid understanding of personal finance. Expanding your knowledge of key concepts like learning to budget, building an emergency fund and eliminating debt can help you build wealth. Create a Richness of Life No longer living paycheck to paycheck is about more than just your bank account balance. Howes said you also need a 'richness of life inside of you, so that you can have the health, the relationships, the purpose, the vision, the career — whatever it is you're working on — and feel abundant, feel peaceful, feel whole, feel like you're home.' Believe in Yourself When you believe you're capable of doing something, you're more likely to show up, manifest and achieve your goals, he said. One of the keys to learning how to believe in yourself is changing your inner voice to a supportive tone. You'll also need to learn to trust yourself by keeping your word, being honest with yourself and following your gut. More From GOBankingRates 10 Unreliable SUVs To Stay Away From Buying This article originally appeared on How To Finally Break Out of the Paycheck-to-Paycheck Cycle, According To Lewis Howes Solve the daily Crossword