Welcome to our dedicated page for Whirlpool news (Ticker: WHR), a resource for investors and traders seeking the latest updates and insights on Whirlpool stock.
Whirlpool Corporation (NYSE: WHR) is a globally recognized leader in kitchen and laundry appliances. Established with a commitment to improving life at home, Whirlpool Corp. continues to innovate and meet the evolving needs of consumers worldwide.
With approximately $19 billion in annual sales in 2023 and a workforce of 59,000 employees, Whirlpool Corp. operates 55 manufacturing and technology research centers. The company’s extensive brand portfolio includes iconic names such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, Indesit, and InSinkErator. These brands are marketed and sold in nearly every country, making Whirlpool the number one major appliance manufacturer globally.
Whirlpool Corporation focuses on delivering purposeful innovation to enhance everyday living. Recent collaborations and projects highlight this commitment. In 2025, Whirlpool and BORA will introduce induction downdraft technology through JennAir and KitchenAid brand induction downdraft cooktops in North America. This partnership aims to revolutionize kitchen design by integrating technology that eliminates the need for overhead ventilation units, thus offering limitless design opportunities.
Another significant collaboration involves Whirlpool Foundation and The Washing Machine Project. This initiative will deliver thousands of manual washing machines to low-income and displaced communities globally, saving time and improving quality of life for an estimated 150,000 people over the next five years. This project underscores Whirlpool’s dedication to community development and sustainable solutions.
Whirlpool Corporation’s financial health remains robust, with strategic moves such as the Europe transaction expected to deliver $750M+ in future cash flows and $250-$300M in incremental cash flow by 2025. The company’s recent Q1 2024 performance highlighted strong results from Latin America, Asia, and the SDA Global segment, despite facing challenges in the North American market.
Whirlpool Corp. also actively engages in social responsibility programs. The “Feel Good Fridge” program, launched in 2021, provides refurbished refrigerators to food pantries and nonprofit organizations, contributing to food security and sustainability by keeping appliances out of landfills and delivering fresh food to those in need. The program aims to place 3,000 refrigerators by 2030, significantly impacting food-insecure communities across the U.S.
Maytag, a Whirlpool brand, will showcase its hardworking appliance portfolio at the 2025 Kitchen and Bath Industry Show (KBIS) with an immersive sensory experience. The exhibition will feature innovative products including:
- The Pet Pro Front Load Laundry System designed to remove pet hair
- A 30-Inch Wide Gas Range with Grill Mode and Air Fry capabilities
- The Arctic Blue Refrigerator with PowerCold® feature and EvenAir Cooling System
- A Dishwasher with PowerBlast® cycle and Advanced Drying System
The brand's showcase at booth #W1801 aims to demonstrate next-level performance through an interactive experience highlighting power, design, and durability in household appliances.
Whirlpool (NYSE: WHR) has announced it will release its fourth-quarter financial results on Wednesday, January 29, 2025, at 4:05 p.m. ET. The company will host a conference call with the investment community the following day, Thursday, January 30, 2025, at 8 a.m. ET.
Investors can participate by dialing 1 (888) 440-4038 (US) or 1 (646) 960-0861 (International) using Conference ID 2610251. The call will also be webcast live on the company's investor relations website. Participants are advised to join at least 10-15 minutes early. The earnings presentation and recording will remain accessible on the website for a minimum of 30 days.
Whirlpool highlights the volunteer efforts of its employees who are dedicated to making a positive impact in their communities. These initiatives include planting trees, cleaning up waterways, donating hair, building homes, and improving community centers. The company emphasizes that these actions align with its core values and mission to improve life at home and in the communities they serve.
Whirlpool mentors collaborated with students from the 2024-25 Jobs for Michigan's Graduates (JMG) cohort at Benton Harbor High School in a mentorship initiative. The program focused on helping students develop their personal brands by exploring their individual strengths, hobbies, and aspirations. Through interactive discussions, mentors guided students in understanding how their unique qualities can contribute to their future career paths and professional development.
Whirlpool has expressed gratitude towards HelloFresh and Total Quality Logistics for their support in expanding the Feel Good Fridge program. This initiative aims to provide communities with access to free, fresh food through a network of refurbished refrigerators. Whirlpool highlights the importance of these collaborations in improving life at home.
Whirlpool Foundation has renewed its support for the BuildBetter with Whirlpool program, committing $2.5M over the next two years to help Habitat for Humanity build energy-efficient homes. The program will construct 50 net-zero-energy-ready homes, focusing on climate resilience and energy efficiency. The initiative's first phase, launched in 2021, will complete over 260 homes by end of 2024, achieving 45% predicted energy cost savings per family and 15% reduction in greenhouse gas emissions per home. The program aims to help homeowners reduce operating costs through improved energy efficiency while demonstrating that energy-efficient homes aren't exclusive to the luxury market.
Whirlpool (WHR) reported Q3 2024 financial results with net sales of $3,993M, down 18.9% year-over-year. The company achieved sequential margin expansion in MDA North America for the second consecutive quarter. GAAP earnings per share were $2.00, while ongoing earnings per share were $3.43. The company revised its full-year GAAP EPS guidance to approximately $0.50 but reaffirmed ongoing EPS guidance of $12.00. Free cash flow guidance remains at approximately $500 million, with operating cash flow projected at $1.05 billion.
Whirlpool (NYSE: WHR) has announced that it will release its third-quarter financial results and presentation materials on Wednesday, October 23, 2024, at 4:05 p.m. ET. The company will hold a conference call to discuss its performance with the investment community on Thursday, October 24, 2024, at 8 a.m. ET.
To participate in the conference call, investors can dial 1 (888) 440-4038 (Conference ID: 2610251) for domestic callers or 1 (646) 960-0861 (Conference ID: 2610251) for international participants. Participants are advised to dial in at least 10 minutes before the call due to potential longer wait times.
The conference call will also be webcast live on Whirlpool's investor relations website. Interested parties should visit the site at least 15 minutes prior to the call to download any required streaming media software. Key financial statistics, the earnings presentation, and an archived recording of the call will be available on the website for at least 30 days after the event.
Whirlpool has announced a quarterly dividend declaration by its board of directors. The dividend, set at $1.75 per share on the company's common stock, will be payable on December 15, 2024. Stockholders of record at the close of business on November 15, 2024, will be eligible to receive this dividend. This announcement demonstrates Whirlpool's commitment to returning value to its shareholders through regular dividend payments.
Whirlpool employees in Mexico have been actively participating in environmental conservation efforts. For the past 8 years, House+Home ambassadors, primarily consisting of Whirlpool employees and their family members, have collaborated with Apoya tu Bosque Local to plant over 5,000 endemic trees. This initiative has covered an impressive area of 5.24 hectares.
The commitment to environmental sustainability continues to grow, as evidenced by the recent efforts of 100 House+Home ambassadors who have planted more than 850 trees in the current year alone. This ongoing project demonstrates Whirlpool's dedication to corporate social responsibility and environmental stewardship in Mexico.
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