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) 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.
Emerson (NYSE: EMR) has announced the sale of its InSinkErator business to Whirlpool Corporation (NYSE: WHR) for $3.0 billion. As of March 31, 2022, InSinkErator generated $595 million in revenue and $166 million in EBITDA, marking a transaction value of 18.1x EBITDA. This move is part of Emerson’s strategy to diversify and enhance its growth portfolio. The deal is expected to close in Emerson's 2023 fiscal year, pending regulatory approvals. This acquisition allows Whirlpool to expand its product lineup in the home appliance sector.
Whirlpool Corporation (NYSE: WHR) reported a GAAP net loss margin of (7.3)% and a loss per diluted share of $(6.62), affected by non-recurring charges of $747 million. Ongoing EBIT margin was at 9.0%, yielding earnings per diluted share of $5.97 despite inflation and lowered demand. North America saw an EBIT margin of 14.1% due to cost-based price increases. The company returned ~$400 million to shareholders and revised its full-year guidance to earnings of $9.50 to $11.50 per diluted share on a GAAP basis.
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