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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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Whirlpool 's Sustainability Report highlights their commitment to sustainable management throughout the product life cycle and value chain, focusing on quality, efficiency, and environmental friendliness.
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Whirlpool announces a quarterly dividend of $1.75 per share on its common stock, payable on June 15, 2024, to stockholders of record on May 17, 2024.
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The Washing Machine Project collaborates with Whirlpool Foundation to provide manual washing machines to low-income communities, impacting 150,000 people and saving 17 million hours for women and girls globally. The initiative aims to halve water usage and improve quality of life by reducing the time spent on hand washing clothes. The Divya Washing Machine, a portable manual device, is at the core of the project, designed to be user-friendly, durable, and eco-friendly.
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Whirlpool is advancing towards a greener future with initiatives like waste-sorting stations, waste broker partnerships, and employee-led campaigns through ECHO. They aim to address linear product life cycles by promoting reuse, repair, remanufacturing, or recycling. Check their Sustainability Report for more information.
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Whirlpool emphasizes its commitment to sustainability and biodiversity in its global operations, aiming to protect ecosystems and promote a thriving future for communities.
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Whirlpool completes transaction with Arçelik A.Ş, forming Beko Europe B.V. and selling Middle East and North Africa business. The move aims to enhance value and focus on higher-growth, higher-margin operations, generating significant cash flow and revenue.
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Whirlpool Corporation and Habitat for Humanity celebrate 25 years of collaboration, impacting over 1 million people globally. Whirlpool has donated $140 million in funding and products, supporting nearly 200,000 Habitat households in the U.S. and over 50 countries. The BuildBetter with Whirlpool program focuses on climate-resilient and energy-efficient homes, with plans to build 50 net-zero ready homes. Whirlpool's support extends to advocacy efforts, helping millions access affordable homes and influencing housing policies globally.
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Whirlpool Corporation employees globally volunteered to build homes with Habitat for Humanity International in 2023, marking the 25th year of partnership. The company aims to provide comfortable and nurturing living spaces for all.
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Whirlpool Corporation (WHR) releases its 2023 Sustainability Report, showcasing progress in emissions reductions, sustainable innovation, and community support. The report highlights achievements in reducing GHG emissions, introducing innovative technologies, supporting employees through training programs, and aiding communities globally. Whirlpool's commitment to sustainability is evident in its partnerships, contributions to Habitat for Humanity, and employee engagement initiatives, leading to industry recognition for its ESG efforts.
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Whirlpool Corporation is leading the way in extending appliance lifespans and reducing waste through their 13 Refurbishment Centers. These centers play a crucial role in giving appliances and parts a new lease on life, contributing to a more sustainable future.
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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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