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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 (NYSE: WHR) will participate in the Raymond James 42nd Annual Institutional Investors Conference on March 2nd, 2021. The live presentation by Joseph Liotine, Executive Vice President & President of Whirlpool North America, will be available via webcast at 2:10 p.m. ET. Interested parties can access the webcast on the company's Investor Relations website or through the provided link. Archived materials will be available for 30 days. Whirlpool, a leading global appliance manufacturer, reported approximately $19 billion in sales and employs around 78,000 people.
Whirlpool Corporation's board of directors declared a quarterly dividend of $1.25 per share on February 16, 2021. The dividend is set to be paid on March 15, 2021, to stockholders on record as of February 26, 2021. Whirlpool, a leader in kitchen and laundry appliances, reported approximately $19 billion in annual sales and employs around 78,000 people. It operates 57 manufacturing and tech research centers globally.
Whirlpool Corporation, the leading kitchen and laundry appliance manufacturer, will showcase innovative products at the 2021 NAHB International Builders' Show (IBSx) from Feb. 9-12. Highlighting brands like Whirlpool, Maytag, KitchenAid, and JennAir, the company aims to address evolving consumer needs due to increased time spent at home. Featured products include a quiet dishwasher, a counter-depth refrigerator, a smart oven, and an advanced washing machine. The virtual booth will be accessible until March 31, 2021, allowing attendees to explore the latest appliance solutions.
Whirlpool Corporation (NYSE: WHR) reported strong Q4 2020 results, achieving net sales of $5,798M, a 7.7% increase from Q4 2019. GAAP net earnings rose 71.9% to $497M, with earnings per diluted share up 72.0% to $7.77. Despite a 4.7% decline in full-year net sales to $19,456M, ongoing earnings per diluted share increased by 15.9% to $18.55. The company's strong liquidity position, with cash reserves of $2.9 billion, supports future growth amid positive economic trends heading into 2021.
Whirlpool Corporation (NYSE: WHR) will announce its fourth-quarter financial results on January 27, 2021, at 4:05 p.m. ET. The company will host a conference call on January 28, 2021, at 8 a.m. ET to discuss these results with investors. Participants can join the call by dialing (866) 393-4306, and international participants should call (734) 385-2616. The call will also be available via a live webcast on the company's website. Whirlpool is a leading appliance company with around $20 billion in annual sales and numerous well-known brands globally.
Whirlpool Corporation (NYSE: WHR) announced that Chairman and CEO Marc Bitzer will join OneTen, a coalition aimed at training, hiring, and advancing one million Black Americans in sustainable jobs over 10 years. This initiative aligns with Whirlpool's commitment to workplace inclusivity and diversity. The company has previously launched a multi-year action plan to support Black colleagues and established Employee Resource Groups to enhance employee engagement. Whirlpool has received accolades for its diversity efforts, scoring a perfect 100 on the Corporate Equality Index in 2020.
Whirlpool Corporation's recent research reveals significant shifts in household dynamics due to the COVID-19 pandemic. Over half of U.S. adults are spending an extra 7.4 hours at home daily, fostering joint cooking and increased household chores. The study, conducted with YouGov, indicates that 24% feel closer to family, with 16% adopting new hobbies, notably cooking and gardening. While 54% hope for normalcy, 28% wish to maintain positive changes. Whirlpool aims to support these trends by launching the "Improving Life At Home" online hub for expert advice.
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