Whirlpool Stock Price, News & Analysis

Whirlpool Corporation announced its initiative, BuildBetter with Whirlpool, aiming to enhance energy efficiency by approximately 15% compared to standard homes. The project plans to construct 250 energy-efficient homes over five years, with ongoing data collection from partner Habitat for Humanity. The initiative includes two grant types: Code-Plus Grants, for building homes exceeding code requirements, and Renewable Energy Grants for solar installations. The program's first phase yielded 58 completed projects in 20 states, achieving an average Home Energy Rating System (HERS) score of 54. The next phase aims for 120 projects across 82 locations.

Whirlpool Corporation (NYSE: WHR) reported significant financial challenges in 2022, including a GAAP net loss of $(1,519) million and a GAAP loss per diluted share of $(27.18). Full-year net sales declined by 10.3% to $19,724 million. The fourth quarter saw a GAAP net loss margin of (32.6)%, with a notable one-off supply chain disruption impacting results. However, the company returned $1.3 billion to shareholders and expects 2023 earnings per diluted share of $16.00 to $18.00, alongside a projected cash flow of approximately $1.4 billion. Strong cost reduction measures are anticipated to yield up to $900 million in benefits this year.

Whirlpool Corporation was recognized as the leading county for women inventors in the textile technology sector, according to a recent report from the U.S. Patent and Trademark Office. Female engineers at Whirlpool have significantly contributed to this achievement, driving innovations in laundry appliances. Notable employees include Michele Paustian, who holds patents in dryer technology, and Binglai Chen, recognized for her ice maker design. Other prominent figures include Product Development Director Colleen Doyle and Jessica McConnell, who focus on diverse product development perspectives. Their success illustrates the impact of women's contributions in engineering at Whirlpool.

Whirlpool Corporation (NYSE: WHR) is set to participate in the NAHB International Builders' Show (IBS) from January 31 to February 2, 2023, at the Las Vegas Convention Center. The event will focus on relationship building and showcasing innovative appliance solutions across its brands, including Maytag, KitchenAid, and JennAir. Key features include pet-friendly systems designed to tackle shedding issues and aesthetically appealing appliances that prioritize functionality. Experts from Whirlpool will host sessions addressing industry challenges and will also engage attendees with networking opportunities during a happy hour event.

Whirlpool Corporation partnered with Habitat for Humanity to aid families in need of affordable housing through the BuildBetter initiative.

The initiative aims to construct over 250 climate-resilient homes over the next three years. One family, the Chouas, will receive a seven-bedroom home in Appleton, Wisconsin, featuring energy-efficient appliances donated by Whirlpool.

This program is part of Whirlpool's House+Home corporate social responsibility strategy, focusing on improving housing adequacy and community resilience. Choua expressed gratitude for the opportunity, stating it has transformed their outlook on the future.

Whirlpool Corporation (NYSE: WHR) will announce its fourth-quarter and full-year financial results on January 30, 2023, at 4:05 p.m. ET. A conference call to discuss these results is scheduled for January 31, 2023, at 8 a.m. ET. Interested participants can join the call by dialing 1 (888) 440-4038, or for international attendees, 1 (646) 960-0861. The call will be accessible via live webcast on the company's website, where key financial metrics and a recording will be available for 30 days.

Whirlpool had approximately $22 billion in sales in 2021, employs around 69,000 people, and operates 54 manufacturing and research facilities.