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Whirlpool Corp. - WHR STOCK NEWS

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.

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On June 18, 2024, Whirlpool employees celebrated World Environment Day by engaging with ECHO, the company's employee-led environmental group. Activities included a recycling comprehension quiz, distributing succulents, and planting seedlings. These initiatives aim to foster greater environmental awareness and participation among employees, enhancing the company's internal and external environmental impact.

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Whirlpool has been recognized by the U.S. Environmental Protection Agency (EPA) for its renewable energy strategy in North American operations. The company ranks No. 60 on EPA's National Top 100 list, No. 14 on the Top 30 On-site Generation list, and No. 34 among Green Power Partners from the Fortune 500. Whirlpool purchases over 301 million kilowatt-hours of renewable energy annually, covering 86% of its power needs. The company aims to achieve 100% renewable energy for its U.S. sites through onsite power and two virtual power purchasing agreements in Texas. This initiative aligns with their goal to reach Net Zero by 2030. In 2023, Whirlpool reduced its scope 1 and 2 emissions by 25% and scope 3 emissions by 7%.

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Whirlpool (NYSE: WHR) is expanding its 'Feel Good Fridge' program through a collaboration with HelloFresh and Total Quality Logistics (TQL). Launched in 2021, the program donates refurbished refrigerators to food pantries and nonprofits to provide free, fresh food to those in need. This expansion will impact 13 U.S. markets, with Whirlpool providing 2000 refrigerators, TQL handling logistics, and HelloFresh supplying fresh ingredients. Key markets include cities like Dallas, Atlanta, and Detroit. The program has so far donated over 900 refrigerators, delivered 250,000 pounds of food, and aided more than 25,000 families. Whirlpool aims to place 3,000 refrigerators by 2030.

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Whirlpool is committed to reducing emissions from products in use by 20% by 2030 compared to a 2016 baseline, as stated in the 2023 Sustainability Report.

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The Whirlpool Foundation has awarded 30 scholarships to the children of Whirlpool employees through the Sons & Daughters Scholarship program. The program, in its 72nd year, supports students pursuing vocational or traditional college education. The recipients represent the best high school seniors across Whirlpool Corp. locations, with a total of over 2,600 scholarships awarded, totaling $18 million. Eligible students can receive $30,000 over 4 years for a 4-year degree or $15,000 over 2 years for a vocational degree.

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Whirlpool announced its first-quarter results, highlighting a significant portfolio transformation milestone with the closing of the Europe transaction. Despite a challenging macro environment in North America, the company saw strong Q1 performance in Latin America, Asia, and SDA Global. Whirlpool declared a $1.75 dividend per share in Q1 & Q2 and repaid $500 million of a term loan in April. The company reported a Q1 GAAP net earnings margin of (5.8)% and ongoing EBIT margin of 4.3%. Whirlpool expects full-year GAAP earnings per diluted share of $5.00 to $7.00 and reaffirmed full-year ongoing earnings per diluted share of $13.00 to $15.00.
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Whirlpool hosted a hands-on 'Grill Empire' simulation with 30 youths from Youth Solutions, Inc. Jobs for Michigan's Graduates (JMG) at Benton Harbor High School. The event aimed to demonstrate problem-solving skills through a supply and demand game using LEGO grills, emphasizing mentorship and project-based learning.
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The Manufacturing Institute honored Susy Zazueta from Whirlpool 's Ramos Arizpe operations with the 2024 Women MAKE Award for her excellence and leadership in the manufacturing industry. The award recognizes women at all levels of the industry, highlighting their significant contributions to the field.
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Whirlpool (NYSE: WHR) will announce its first-quarter financial results on April 24, 2024, followed by a conference call on April 25, 2024, to discuss its performance with the investment community. Participants can join the call by dialing the provided numbers and accessing the webcast on the Company's website.
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The Washing Machine Project collaborates with the Whirlpool Foundation to deliver manual washing machines to low-income communities, impacting an estimated 150,000 people. This initiative aims to address the 'Global Washing Divide' affecting 5 billion people who wash clothes by hand. The collaboration will save time, improve quality of life, and reduce water usage, with employee volunteers helping refine the design and distribution of the Divya Washing Machine.
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FAQ

What is the current stock price of Whirlpool (WHR)?

The current stock price of Whirlpool (WHR) is $116.55 as of December 24, 2024.

What is the market cap of Whirlpool (WHR)?

The market cap of Whirlpool (WHR) is approximately 6.4B.

What are Whirlpool Corporation’s primary business segments?

Whirlpool Corp. operates in several segments, including Major Domestic Appliances (MDA) North America, MDA Europe, MDA Latin America, MDA Asia, and Small Domestic Appliances (SDA).

Which brands are part of Whirlpool Corporation’s portfolio?

Whirlpool’s brand portfolio includes Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, Indesit, and InSinkErator.

What recent innovations has Whirlpool Corporation introduced?

Whirlpool is introducing new induction downdraft technology through JennAir and KitchenAid brand cooktops in North America, in collaboration with BORA, set for 2025.

How is Whirlpool Corporation contributing to community development?

Whirlpool Foundation is partnering with The Washing Machine Project to deliver manual washing machines to underserved communities, enhancing quality of life and promoting sustainability.

What is the 'Feel Good Fridge' program?

Launched in 2021, the 'Feel Good Fridge' program provides refurbished refrigerators to food pantries and nonprofits to help fight food insecurity and reduce waste by keeping appliances out of landfills.

What were Whirlpool Corporation’s financial highlights in 2023?

In 2023, Whirlpool reported approximately $19 billion in annual sales, employed 59,000 people, and operated 55 manufacturing and technology research centers.

What is Whirlpool Corporation’s strategic outlook for 2024?

Whirlpool expects strong contributions from international markets and the SDA Global segment, with ongoing financial discipline and strategic portfolio management, including the recent Europe transaction.

How can I stay updated with Whirlpool Corporation's latest news and performance?

You can follow Whirlpool on their official website, Twitter @whirlpoolcorp, and monitor their 'Investors' section for the latest updates and financial reports.

What social initiatives is Whirlpool Corporation involved in?

Whirlpool Corp. supports various social initiatives, including partnering with Habitat for Humanity International and engaging in community development projects like the 'Feel Good Fridge' program.

Where can investors find more information about Whirlpool Corporation?

Investors can visit the 'Investors' section on Whirlpool’s official website, WhirlpoolCorp.com, for detailed information, including financial reports, press releases, and upcoming events.

Whirlpool Corp.

NYSE:WHR

WHR Rankings

WHR Stock Data

6.43B
54.56M
1.06%
84.65%
11.07%
Furnishings, Fixtures & Appliances
Household Appliances
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United States of America
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