Whirlpool Stock Price, News & Analysis

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.

Whirlpool Corporation (NYSE: WHR) will release its third-quarter financial results on October 20, 2022, at 4:05 p.m. ET, followed by a conference call on October 21, 2022, at 8 a.m. ET. Investors can join the call by dialing 1 (888) 440-4038 (or 1 (646) 960-0861 for international participants). The earnings presentation and key financial statistics will be available on their website for at least 30 days. In 2021, Whirlpool reported approximately $22 billion in annual sales and employed around 69,000 people.

Whirlpool Corp. (NYSE: WHR) announced a second Virtual Power Purchase Agreement (VPPA) with ENGIE North America, committing to 53 megawatts of renewable wind energy over 12 years. This initiative supports Whirlpool's goal to achieve Net Zero emissions in its operations by 2030, offsetting emissions equivalent to removing 30,633 gasoline vehicles from the road each year. The agreement, expected to be operational in 2023, aligns with Whirlpool's sustainability strategy, building on its previous investments in renewable energy and energy efficiency.

Whirlpool Corporation (NYSE: WHR) has declared a quarterly dividend of $1.75 per share, payable on September 15, 2022, to stockholders of record by the close of business on August 26, 2022. As of 2021, Whirlpool reported approximately $22 billion in annual sales and employed 69,000 individuals, showcasing its significant manufacturing and innovation capabilities. The company continues its commitment to enhancing home life through its well-known brands, including Whirlpool, KitchenAid, and Maytag.

Whirlpool Corporation (NYSE: WHR) has agreed to acquire InSinkErator from Emerson Electric Co. (NYSE: EMR) for $3.0 billion in cash. InSinkErator, the leader in food waste disposal with a 70% market share, is expected to generate $650 million in sales and $170 million in EBITDA for the fiscal year ending September 30, 2022. The deal, set to close in Q4 2022, aims to enhance Whirlpool's portfolio and is projected to add $1.25 to EPS in fiscal 2023. The acquisition will be initially funded through liquidity, with debt financing to follow.