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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's board has authorized an additional $2 billion for its share repurchase program, following a residual $1.5 billion remaining from previous authorizations. The company also increased its quarterly dividend by 25% to $1.75 per share, effective March 15, 2022, marking the tenth consecutive year of dividend growth. Chairman Marc Bitzer emphasized the company's confidence in its cash generation capabilities and commitment to long-term shareholder value.
Whirlpool Corporation is expanding its Builder Support Representative Program to assist builders facing challenges in a growing economy. This initiative provides single-family builders with direct access to Whirlpool representatives for on-site operational training and support. The program began in August 2019 and has expanded to 16 major builder markets across the West, Southeast, and Southwest. It aims to enhance relationships and resolve daily challenges effectively. In 2020, Whirlpool reported $19 billion in sales and employs 78,000 people worldwide.
Whirlpool Corporation, the leading kitchen and laundry appliance company, will showcase its latest innovations at the 2022 NAHB International Builders' Show from Feb. 8-10, 2022 in Orlando, Fla. The company emphasizes its commitment to meet the diverse needs of consumers through its brand portfolio, including Whirlpool, Maytag, KitchenAid, and JennAir.
Highlighted products include the 5.8 Cu. Ft. Gas 7-in-1 Air Fry Oven, Top Load Washer with 2-in-1 Removable Agitator, and a 30" Induction Cooktop.
Whirlpool Corporation (NYSE: WHR) reported strong financial results for Q4 and full-year 2021, with net sales rising to $21.985 billion, a 13% increase from 2020. GAAP net earnings also surged by 65.9% to $1.783 billion. Despite challenges, including inflation and supply constraints, the company managed a record Q4 sales, attributing success to cost-based price increases. Looking ahead, Whirlpool expects 5-6% sales growth in 2022 and plans to return approximately $1.5 billion in cash to shareholders.
Whirlpool Corporation (NYSE: WHR) is set to release its fourth-quarter financial results on January 26, 2022, at 4:05 p.m. ET. Following the release, the company will conduct a conference call for investors on January 27, 2022, at 8 a.m. ET. Participants can join via phone or access a live webcast on Whirlpool's website. The company aims to lead in the global kitchen and laundry market, emphasizing innovation and consumer needs. In 2020, Whirlpool reported approximately $19 billion in sales and employs around 78,000 people.
Whirlpool Corporation (NYSE: WHR) has sold its original manufacturing campus in Cleveland, Tennessee, to Phoenix Investors. The sale includes approximately 77 acres and a 150,000 sq. ft. distribution warehouse. Whirlpool, which built a new plant in Cleveland in 2012, has ensured the new owners will collaborate with local officials to maximize the property’s positive impact on the community. The company remains committed to Cleveland, being a significant employer with around 2,000 employees in the area.
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