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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 declared a quarterly dividend of $1.40 per share, payable on September 15, 2021. Stockholders of record as of August 27, 2021 will receive this dividend. In 2020, Whirlpool reported approximately $19 billion in sales and employs about 78,000 people across 57 manufacturing and technology research centers. The company aims to enhance consumers' lives through innovation in kitchen and laundry products.
Whirlpool Corporation (NYSE: WHR) reported Q2 2021 earnings, showcasing a significant performance boost due to strong consumer demand and successful pricing strategies. Net sales rose to $5.324 billion, a 31.7% increase from the previous year. GAAP earnings per diluted share surged to $9.15, a remarkable increase from $0.47. The company raised its full-year guidance, expecting ~16% sales growth and increasing earnings forecasts to ~$26.95 per share. Strong growth was observed in North America (21.6%), Europe (49.5%), and Latin America (75.8%), despite a slight decline in Asia.
Whirlpool Corporation (NYSE: WHR) announced the expansion of Habitat for Humanity's BuildBetter program, committing to construct over 250 climate-resilient, energy-efficient homes over three years. This initiative aims to enhance housing stability amidst increasing natural disasters and improve energy efficiency by 15%. Whirlpool's global corporate social responsibility approach, House + Home, supports these efforts, contributing nearly $130 million to Habitat for Humanity globally. The collaboration includes providing appliances for new homes and hosting global housing forums to address affordable housing challenges.
Whirlpool Corporation (NYSE: WHR) will release its second-quarter financial results on July 21, 2021, at 4:05 p.m. ET, followed by a conference call with investors on July 22, 2021, at 8 a.m. ET. Participants can dial in using (866) 393-4306 for domestic and (734) 385-2616 for international calls, using the confirmation code 'Whirlpool'. The call will be webcast live on their website, with key financial statistics and a recording available for 30 days. Whirlpool aims to be the best global kitchen and laundry company, reporting approximately $19 billion in annual sales in 2020.
Whirlpool Corporation announced an expanded collaboration with Google Cloud, migrating its critical SAP environment to the cloud. This strategic move enhances the reliability and efficiency of Whirlpool’s business operations, providing global access with low latency. The company aims to utilize Google Cloud's AI and analytics capabilities to advance digital transformation. With a commitment to sustainability, Whirlpool's cloud infrastructure will operate on renewable energy, aligning with its goal of achieving zero emissions by 2030.
Whirlpool Corporation (NYSE: WHR) announced a $15 million investment in its Tulsa, Oklahoma factory to enhance U.S. manufacturing and job creation. This initiative will add approximately 150 new jobs, contributing to a total of over 2,000 employees in the area. The investment, supported by an additional $1 million from Oklahoma's Business Expansion Investment Program, will focus on upgrading machinery, production capabilities, and infrastructure. Whirlpool's commitment underlines its dedication to the Tulsa community and strengthens its manufacturing footprint in the U.S.
Whirlpool Corporation (NYSE: WHR) announced the introduction of Google Assistant voice notifications, enhancing its voice-command capabilities. This feature will be available on select connected Maytag, Whirlpool, JennAir, and KitchenAid appliances, allowing users to receive proactive alerts about laundry and dryer cycles. The initiative aligns with Whirlpool's commitment to improving user experience. The updates will be accessible via a free firmware update through the Google Home App and will support multiple languages in various regions, including the U.S., Europe, Canada, and India.
Whirlpool Corporation (NYSE: WHR) announced that products from its brands, including Whirlpool, KitchenAid, and Bauknecht, have won multiple prestigious design awards at the iF and Red Dot competitions. In total, 11 products received iF awards across various regions, while 5 products were recognized by Red Dot. The awarded items exemplify the company's commitment to enhancing home life through innovative design.
Whirlpool Corporation (NYSE: WHR) has announced a commitment to achieve net zero emissions in its plants and operations by 2030. This initiative will encompass over 30 manufacturing sites and large distribution centers worldwide, targeting both direct (Scope 1) and power-related (Scope 2) emissions. Additionally, the company aims for a 20% reduction in emissions associated with its products (Scope 3) by 2030 compared to 2016 levels. Whirlpool has reduced total emissions by 60% since 2005, focusing on sustainability initiatives such as renewable energy and waste reduction.
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