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.
Whirlpool Corporation (NYSE: WHR) reported a GAAP net loss margin of (7.3)% and a loss per diluted share of $(6.62), affected by non-recurring charges of $747 million. Ongoing EBIT margin was at 9.0%, yielding earnings per diluted share of $5.97 despite inflation and lowered demand. North America saw an EBIT margin of 14.1% due to cost-based price increases. The company returned ~$400 million to shareholders and revised its full-year guidance to earnings of $9.50 to $11.50 per diluted share on a GAAP basis.
Whirlpool Corporation (NYSE: WHR) will announce its second-quarter financial results on July 25, 2022, at 4:05 p.m. ET. A conference call for investors is scheduled for July 26, 2022, at 8 a.m. ET, accessible via phone and live webcast. The company reported approximately $22 billion in annual sales in 2021 and operates with a workforce of 69,000 across 54 manufacturing and technology research centers. More details and archived materials can be found on their website under the 'Investors' section.
Whirlpool Corporation has appointed Rob Byrd as the new General Manager of Builder Sales, effective immediately. With nearly 15 years at Whirlpool, Byrd aims to enhance support for builder and distributor customers nationwide. Previously, he served as Director of National Accounts Sales & Operations, gaining valuable experience across various roles, including product development and merchandising. Vice President Dave Cichocki expressed confidence in Byrd's leadership to drive improvements and support customer needs.
Whirlpool Corp. (NYSE: WHR) has expanded its partnership with Habitat for Humanity through the BuildBetter initiative, aiming to create affordable, climate-resilient housing for low-income families. This collaboration, spanning over 22 years and worth $120 million, focuses on building homes equipped with energy-efficient Whirlpool appliances. A study indicates these efforts have reduced annual energy costs by an average of 20%, significantly impacting families facing high energy expenses. Whirlpool's commitment aligns with its corporate responsibility program, House+Home, promoting sustainable community growth.
Whirlpool Corporation, a leader in kitchen and laundry appliances, will showcase its latest innovations at the Pacific Coast Builders' Conference (PCBC) on June 22-23, 2022, in San Francisco. The company emphasizes its commitment to meet evolving consumer needs with diverse offerings from brands like Whirlpool, Maytag, KitchenAid, and JennAir. Featured products include the ENERGY STAR certified KitchenAid refrigerator and a 5-in-1 Air Fry Oven. Whirlpool aims to provide builders and designers with high-quality appliances that align with modern trends and consumer preferences.
Whirlpool Corp. (NYSE: WHR) has launched WoW Studios, a new brand experience organization aimed at transforming the consumer journey in home appliances. Located in Chicago, WoW Studios will leverage over 111 years of expertise to enhance consumer experiences across brands like Whirlpool, KitchenAid, and Maytag. The initiative focuses on delivering innovative marketing and direct-to-consumer capabilities. In 2021, Whirlpool reported approximately $22 billion in sales, underscoring its commitment to improving life at home through purposeful innovation.
Whirlpool Corp. (NYSE: WHR) partnered with Habitat for Humanity International on a study showing that low-income households can save an average of 20% on their annual energy costs by using energy-efficient appliances. Between 2018 and 2020, donated Whirlpool appliances saved about 5.4 million kWh, equating to $624,000 in total electric bill savings. Whirlpool has donated over 100,000 energy-efficient appliances and committed $130 million to Habitat's initiatives over their 23-year partnership, recently expanding support for housing rehabilitation and climate-resilient construction.
Whirlpool Corporation reported its first quarter 2022 financial results, showing a GAAP net earnings margin of 6.4% and ongoing earnings per diluted share of $5.33. Despite strong consumer demand and a robust North America performance, net sales decreased by 8.2% year-over-year to $4.92 billion. The company revised its full-year 2022 guidance for earnings per diluted share to between $24.00 and $26.00. Increased share repurchase authorization by $2 billion also indicates confidence in its strategy. The strategic review of EMEA operations aims to enhance focus on high-growth areas.
Whirlpool Corporation's board of directors has declared a quarterly dividend of $1.75 per share on its common stock, which is scheduled for payment on June 15, 2022. Stockholders who are on record by the close of business on May 20, 2022 will receive this dividend. The company reported approximately $22 billion in annual sales for 2021 and employs around 69,000 individuals, showcasing its strong market presence.
FAQ
What is the current stock price of Whirlpool (WHR)?
What is the market cap of Whirlpool (WHR)?
What are Whirlpool Corporation’s primary business segments?
Which brands are part of Whirlpool Corporation’s portfolio?
What recent innovations has Whirlpool Corporation introduced?
How is Whirlpool Corporation contributing to community development?
What is the 'Feel Good Fridge' program?
What were Whirlpool Corporation’s financial highlights in 2023?
What is Whirlpool Corporation’s strategic outlook for 2024?
How can I stay updated with Whirlpool Corporation's latest news and performance?
What social initiatives is Whirlpool Corporation involved in?
Where can investors find more information about Whirlpool Corporation?
