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 reported its first quarter 2022 financial results, showing a GAAP net earnings margin of 6.4% and ongoing earnings per diluted share of $5.33. Despite strong consumer demand and a robust North America performance, net sales decreased by 8.2% year-over-year to $4.92 billion. The company revised its full-year 2022 guidance for earnings per diluted share to between $24.00 and $26.00. Increased share repurchase authorization by $2 billion also indicates confidence in its strategy. The strategic review of EMEA operations aims to enhance focus on high-growth areas.
Whirlpool Corporation's board of directors has declared a quarterly dividend of $1.75 per share on its common stock, which is scheduled for payment on June 15, 2022. Stockholders who are on record by the close of business on May 20, 2022 will receive this dividend. The company reported approximately $22 billion in annual sales for 2021 and employs around 69,000 individuals, showcasing its strong market presence.
Whirlpool Corporation (NYSE: WHR) will announce its first-quarter financial results on April 25, 2022, at 4:05 p.m. ET. A conference call to discuss the results will take place on April 26, 2022, at 8 a.m. ET, with participation details provided. The call will also be accessible through a live webcast on the company's website. Whirlpool reported approximately $22 billion in annual sales in 2021, employing around 69,000 individuals across 54 manufacturing and technology research centers.
Whirlpool Corporation (NYSE: WHR) announced the retirement of Executive Vice President and President of Whirlpool Asia, Sam Wu, effective April 1, 2022. Wu will continue as Vice-Chairman of Whirlpool China Co. Ltd. Jim Peters, currently CFO, will take over Wu's responsibilities in Asia. Wu, in his tenure since 2017, contributed to top-line growth and margin expansion while streamlining the company’s portfolio. Under his leadership, Whirlpool improved its brand presence in India and China. The announcement reflects strategic leadership changes aimed at continuing operational excellence.
Whirlpool Corporation (NYSE: WHR) will present at the Raymond James 43rd Annual Institutional Investors Conference on March 9, 2022, at 10:25 a.m. ET, in Orlando, Florida. Jim Peters, CFO, will represent the company, and the presentation will be available for live streaming on the Investor Relations website. An archived recording will also be accessible for 30 days following the event. In 2021, Whirlpool reported approximately $22 billion in sales and operates with around 69,000 employees across 54 manufacturing and technology research centers.
Whirlpool Corporation's board has authorized an additional $2 billion for its share repurchase program, following a residual $1.5 billion remaining from previous authorizations. The company also increased its quarterly dividend by 25% to $1.75 per share, effective March 15, 2022, marking the tenth consecutive year of dividend growth. Chairman Marc Bitzer emphasized the company's confidence in its cash generation capabilities and commitment to long-term shareholder value.
Whirlpool Corporation is expanding its Builder Support Representative Program to assist builders facing challenges in a growing economy. This initiative provides single-family builders with direct access to Whirlpool representatives for on-site operational training and support. The program began in August 2019 and has expanded to 16 major builder markets across the West, Southeast, and Southwest. It aims to enhance relationships and resolve daily challenges effectively. In 2020, Whirlpool reported $19 billion in sales and employs 78,000 people worldwide.
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