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), a global leader in home appliance innovation, provides this centralized hub for official news and strategic updates. Investors and industry stakeholders will find timely access to earnings announcements, product launches, and operational developments shaping the company's trajectory in the domestic appliances sector.
This resource delivers curated updates on WHR's technological advancements, sustainability initiatives, and market expansions. Users can expect comprehensive coverage of quarterly financial results, leadership updates, manufacturing innovations, and partnerships that reinforce the company's industry leadership.
Key updates include detailed analyses of product line expansions, energy-efficient appliance developments, and strategic collaborations. The repository serves as an essential tool for tracking WHR's responses to evolving consumer demands and competitive dynamics in global markets.
Bookmark this page for direct access to Whirlpool's latest verified announcements. Regularly updated content ensures stakeholders maintain informed perspectives on the company's operational milestones and long-term value creation strategies.
Whirlpool Corporation (NYSE: WHR) announced that João Carlos Costa Brega will step down as Executive Vice President and President of Whirlpool Latin America effective March 31, 2023, as part of a succession plan. Juan Carlos Puente will succeed him from April 1, 2023. Brega, who has been with Whirlpool for over 27 years, led significant growth and a $52 million investment in Argentina's manufacturing plant. Puente, a seasoned leader with over 25 years at Whirlpool, is expected to continue driving success in the region.
Whirlpool Corp. has announced its commitment to integrating Matter, the smart home connectivity standard, into its appliances. This involves joining the Matter working group to enhance interoperability across smart devices in home ecosystems. Matter, launched recently, aims to simplify consumer control over connected devices while ensuring robust security features. With over 220 companies backing Matter, Whirlpool, with its history in the appliance sector, is positioned to contribute significantly to this initiative, enhancing the smart appliance experience for consumers.
Emerson (NYSE: EMR) has finalized the sale of its InSinkErator® division to Whirlpool Corporation (NYSE: WHR) for $3.0 billion. InSinkErator is the largest manufacturer of food waste disposers and instant hot water dispensers globally, founded in 1938 and acquired by Emerson in 1968. The acquisition enables Whirlpool to enhance InSinkErator's legacy and growth potential. Emerson focuses on providing innovative solutions in essential industries, while Whirlpool aims to be the leading global kitchen and laundry company.
Whirlpool Corporation (NYSE: WHR) has completed its acquisition of InSinkErator from Emerson (NYSE: EMR), the leading manufacturer of food waste disposers and instant hot water dispensers. The acquisition aims to enhance Whirlpool's portfolio and is expected to immediately boost margins, contributing approximately $1.25 EPS in fiscal 2023. InSinkErator will function as a separate entity under Whirlpool's North America Region while maintaining its headquarters in Mount Pleasant, Wisconsin. The company anticipates revenue growth through expanded market presence and leveraging InSinkErator's established brand.
Whirlpool Corporation (NYSE: WHR) reported Q3 2022 results, showing a 12.8% decline in net sales to $4.784 billion amid ongoing inflation and soft demand. GAAP net earnings dropped 69.6% to $143 million, with earnings per diluted share at $2.60. The company aims for a full-year EPS of approximately $5.00 and expects continued challenges into H1 2023. Whirlpool has reduced production volumes by 35% and is undergoing a strategic review in EMEA, with potential investors being evaluated. The InSinkErator acquisition is part of their portfolio transformation.
Whirlpool Corporation, based in Benton Harbor, Mich., declared a quarterly dividend of $1.75 per share on its common stock. This dividend is scheduled for payment on December 15, 2022, to shareholders recorded at the close of business on November 18, 2022. The company reported around $22 billion in annual sales for 2021 and employs approximately 69,000 people, underscoring its commitment to innovation in kitchen and laundry solutions.
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