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 reports developments in home appliances, including kitchen and laundry products sold under brands such as Whirlpool, KitchenAid, JennAir, Maytag, Amana, Brastemp, Consul and InSinkErator. News commonly covers financial results, margin actions, pricing and cost initiatives, inventory and working-capital updates, and performance in major domestic appliance operations.
Company updates also include brand-level product launches, such as KitchenAid small appliances and Maytag promotions, U.S. manufacturing investments for washer and dryer components, and corporate responsibility reporting tied to product efficiency, operational emissions and value-chain initiatives.
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Whirlpool Corporation has played a key role in Habitat for Humanity's Cost of Home campaign, advocating for affordable housing solutions across the U.S. This effort successfully secured over 200 policy wins since its launch in 2019, including significant funding for homeowners at risk of foreclosure due to COVID-19. An example is Mattie, a homeowner who benefited from the $9.96 billion Homeowner Assistance Fund. The campaign aims to assist 10 million individuals with basic housing needs. Recent achievements include funding allocations for housing programs in various states, and advocacy against predatory lending practices. Whirlpool continues to partner with local organizations to enhance affordable housing access.
Whirlpool Corporation (NYSE: WHR) reported its Q1 2023 financial results, revealing a GAAP net loss margin of (3.9)% and a loss per diluted share of $(3.27). This loss was primarily impacted by a non-cash charge related to the EMEA transaction and seasonal working capital changes. However, non-GAAP EBIT margin improved to 5.4%, showing a sequential increase of about 200 basis points, with earnings per diluted share at $2.66. The North America region demonstrated robust performance with EBIT margins rising to 10%, alongside market share gains. For the full year, Whirlpool revised its GAAP earnings per diluted share guidance to $13.00 - $15.00 while maintaining ongoing earnings guidance of $16.00 - $18.00. The company emphasized ongoing portfolio transformation and operational priorities to drive value long-term.
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