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Whirlpool Corp. - WHR STOCK NEWS

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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The Washing Machine Project and Whirlpool Foundation have announced a collaboration to address the 'Global Washing Divide'. Their goal is to deliver thousands of manual washing machines to low-income and displaced communities worldwide over the next five years. This initiative aims to impact an estimated 150,000 people, targeting the approximately 60% of the world's population (5 billion people) who still wash clothes by hand.

The collaboration seeks to improve quality of life and remove barriers to advancement for these communities. Navjot Sawhney, Founder of The Washing Machine Project, and Deb O'Connor, Managing Director of the Whirlpool Foundation, discussed their partnership on the Purpose360 podcast, highlighting the strengths each organization brings to the project and the potential impact on reclaiming time and improving lives for those affected by the Global Washing Divide.

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The Summer Youth Golf Careers & Development Program, supported by the Whirlpool Foundation, is introducing Benton Harbor, Michigan area teens to diverse careers in the golf industry. This 12-week program, a collaboration with Harbor Shores Golf Course and Point O' Woods Golf and Country Club, provides on-the-job experience in areas such as event planning, retail, hospitality, turf management, and culinary arts.

Now in its second year, the program aims to spark future career pursuits for participants. Josh Doxtator, general manager of Harbor Shores Golf Course, emphasized the program's focus on teamwork and golf culture exposure. One participant, Tyler Valentine, gained culinary experience and is now pursuing further education at the Culinary Institute of America.

Deb O'Connor, managing director of the Whirlpool Foundation, highlighted the program's value in revealing local career opportunities in the golf industry. To date, 27 students have participated in the program's first two years.

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FAQ

What is the current stock price of Whirlpool (WHR)?

The current stock price of Whirlpool (WHR) is $115.73 as of December 23, 2024.

What is the market cap of Whirlpool (WHR)?

The market cap of Whirlpool (WHR) is approximately 6.2B.

What are Whirlpool Corporation’s primary business segments?

Whirlpool Corp. operates in several segments, including Major Domestic Appliances (MDA) North America, MDA Europe, MDA Latin America, MDA Asia, and Small Domestic Appliances (SDA).

Which brands are part of Whirlpool Corporation’s portfolio?

Whirlpool’s brand portfolio includes Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, Indesit, and InSinkErator.

What recent innovations has Whirlpool Corporation introduced?

Whirlpool is introducing new induction downdraft technology through JennAir and KitchenAid brand cooktops in North America, in collaboration with BORA, set for 2025.

How is Whirlpool Corporation contributing to community development?

Whirlpool Foundation is partnering with The Washing Machine Project to deliver manual washing machines to underserved communities, enhancing quality of life and promoting sustainability.

What is the 'Feel Good Fridge' program?

Launched in 2021, the 'Feel Good Fridge' program provides refurbished refrigerators to food pantries and nonprofits to help fight food insecurity and reduce waste by keeping appliances out of landfills.

What were Whirlpool Corporation’s financial highlights in 2023?

In 2023, Whirlpool reported approximately $19 billion in annual sales, employed 59,000 people, and operated 55 manufacturing and technology research centers.

What is Whirlpool Corporation’s strategic outlook for 2024?

Whirlpool expects strong contributions from international markets and the SDA Global segment, with ongoing financial discipline and strategic portfolio management, including the recent Europe transaction.

How can I stay updated with Whirlpool Corporation's latest news and performance?

You can follow Whirlpool on their official website, Twitter @whirlpoolcorp, and monitor their 'Investors' section for the latest updates and financial reports.

What social initiatives is Whirlpool Corporation involved in?

Whirlpool Corp. supports various social initiatives, including partnering with Habitat for Humanity International and engaging in community development projects like the 'Feel Good Fridge' program.

Where can investors find more information about Whirlpool Corporation?

Investors can visit the 'Investors' section on Whirlpool’s official website, WhirlpoolCorp.com, for detailed information, including financial reports, press releases, and upcoming events.

Whirlpool Corp.

NYSE:WHR

WHR Rankings

WHR Stock Data

6.24B
54.57M
1.06%
84.65%
11.07%
Furnishings, Fixtures & Appliances
Household Appliances
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United States of America
BENTON HARBOR