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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.
Whirlpool Corporation has achieved Zero Waste to Landfill (ZWtL) Gold or Platinum status across its large manufacturing sites globally, marking a significant milestone in its commitment to sustainability. Initiated in 2012, the ZWtL initiative aims for at least 95 percent waste diversion from landfills, aligning with the UL ECVP 2799 standard. CEO Marc Bitzer emphasized the company's dedication to improving manufacturing processes while maintaining product performance. Alongside ZWtL, Whirlpool is targeting net zero emissions by 2030 and has implemented various sustainability measures, including energy-efficient plant upgrades and wind energy agreements. The company also issued a $300 million sustainability bond to fund environmental projects. Notably, the ZWtL goal was reached for all large facilities by December 31, 2022, except for a newly opened facility in Argentina and the recently acquired InSinkErator business.
Whirlpool Corp. has announced new partnerships to support students at Florida A&M University through scholarships and housing. The company collaborates with the EESI program, providing mentorship and financial aid to undergraduate engineering students. Additionally, Whirlpool sponsors housing for 51 students via the Southern Scholarship Foundation, supporting diverse academic pursuits. These efforts are part of Whirlpool's multi-year pledge for racial equality and align with its corporate social responsibility initiatives, promoting volunteerism and community support. Whirlpool's commitment has also earned recognition in various corporate sustainability and responsibility rankings.
Whirlpool Corporation (NYSE: WHR) announced on March 16, 2023, that it achieved Zero Waste to Landfill (ZWtL) Gold or Platinum status at its global manufacturing sites. This accomplishment aligns with the UL ECVP 2799 standard, reflecting a commitment to sustainability that began in 2012. With initiatives focused on waste reduction and a goal to reach net zero emissions by 2030, Whirlpool has implemented significant measures, including wind energy agreements and a $300 million sustainability bond issued in 2021. The company reported approximately $20 billion in annual sales in 2022 and aims to support communities while enhancing business sustainability.
Whirlpool Corporation announced that Angel Seabold from its Clyde, Ohio operations has been honored with the 2023 Women MAKE Award. The award recognizes women in manufacturing who exemplify leadership and excellence across the industry. The awards aim to close the gender gap in manufacturing, where women constitute less than one-third of the workforce despite making up half of the U.S. labor force. The awards will be presented in Washington, D.C., on April 20, highlighting the achievements of 130 honorees, with Seabold being a prominent recipient who embodies Whirlpool's values.
Whirlpool Corporation emphasizes its commitment to women's housing rights and empowerment in a recent press release celebrating International Women's Day. The company highlights the disproportionate impact of inadequate housing on women, particularly single mothers, and showcases support for programs like Habitat for Humanity that facilitate homeownership for women. Jannetta, a Kansas City resident, exemplifies the positive outcomes of these initiatives, having secured a safe and stable home through Habitat's support. Furthermore, Whirlpool collaborates with Habitat's Terwilliger Center in projects aimed at improving housing solutions for low-income families in Mexico and Kenya.
Whirlpool Corporation (NYSE: WHR) announced its participation in the Raymond James' 44th Annual Institutional Investors Conference on March 6, 2023, at 9:50 a.m. ET in Orlando, Florida. Executive Vice President and CFO Jim Peters will represent the company. Investors and the public can access the presentation via the company's Investor Relations website. The event will also be available for replay for at least 30 days. In 2022, Whirlpool reported approximately $20 billion in annual sales, with a workforce of 61,000 across 56 manufacturing and tech research centers.
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