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Shares of Whirlpool ( WHR ) gained in premarket trading Thursday, a day after the maker of home appliances said that it is a "net winner" of President Donald Trump's tariffs.

"With 80% domestic production Whirlpool is a NET winner of new tariff policies!," the Benton Harbor, Mich.-based company said as it posted mixed results after the bell Wednesday. Whirlpool said it expects the new tariff policies to "level the playing field, better supporting American manufacturing."

The company said that since 2020, Asian producers had "exploited 'loopholes'" to skirt previous tariffs, "resulting in a significant cost disadvantage for U.S.-made products." Whirlpool added that "Asian producers 'loaded' U.S. industry in anticipation of tariffs, Q4 2024 and Feb year-to-date with >30% higher imports from Asian countries," and that the threat of retaliatory tariffs has started to affect its business in Canada and Europe.

For the first quarter, Whirlpool reported adjusted earnings per share (EPS) of $1.70 on revenue that sank 19% year-over-year to $3.62 billion. Analysts polled by Visible Alpha projected $1.67 and $3.66 billion, respectively.

Whirlpool shares rose 3% shortly before the opening bell Thursday. They had lost nearly a third of their value in 2025 entering the day.

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