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) is a home appliance company and the last-remaining major U.S.-based manufacturer of kitchen and laundry appliances. The WHR news stream features updates that reflect the company’s role in the home appliance industry, its manufacturing footprint, and its capital allocation decisions.
Investors following Whirlpool news can see quarterly earnings announcements, where the company reports net sales, margins, cash flow and segment performance for Major Domestic Appliances in North America, Latin America and Asia, as well as its Small Domestic Appliances Global segment. These releases often include commentary from senior leadership on demand trends, cost actions and the impact of tariffs and competitive dynamics.
The news flow also covers dividend declarations and related board actions, disclosed through press releases and Form 8-K filings. These items outline quarterly dividend amounts on Whirlpool’s common stock and provide insight into the company’s approach to shareholder returns.
Brand-focused announcements are another key part of Whirlpool’s news. Communications tied to KitchenAid highlight new product campaigns, expanded color collections and product lines such as the KitchenAid Go cordless system and redesigned major appliances. These stories illustrate how Whirlpool uses its brand portfolio, including Whirlpool, KitchenAid, JennAir, Maytag, Amana, Brastemp, Consul and InSinkErator, to introduce new designs and features.
Corporate and governance developments, such as appointments to the board of directors or changes in senior leadership roles, are reported through both press releases and SEC filings. For anyone tracking WHR, this news page provides a central view of earnings updates, dividend actions, manufacturing investments, brand initiatives and governance changes over time.
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Whirlpool Corporation (NYSE: WHR) announced its participation in the Raymond James' 44th Annual Institutional Investors Conference on March 6, 2023, at 9:50 a.m. ET in Orlando, Florida. Executive Vice President and CFO Jim Peters will represent the company. Investors and the public can access the presentation via the company's Investor Relations website. The event will also be available for replay for at least 30 days. In 2022, Whirlpool reported approximately $20 billion in annual sales, with a workforce of 61,000 across 56 manufacturing and tech research centers.
Whirlpool Corporation continues its longstanding partnership with Habitat for Humanity International to enhance affordable housing access for families worldwide. A recent video highlights personal stories from Habitat families benefiting from new homes, alongside Whirlpool employees discussing their impactful volunteering experiences. This initiative reflects Whirlpool's commitment to its House+Home strategy, emphasizing social responsibility. In 2021, Whirlpool reported annual sales of approximately $22 billion and employs around 69,000 individuals across 54 manufacturing and technology research centers, showcasing its dedication to improving life at home.
Whirlpool Corporation (NYSE: WHR) announced a quarterly dividend of $1.75 per share, payable on March 15, 2023, to shareholders on record as of March 3, 2023.
In 2022, the company reported approximately $20 billion in annual sales and has over 61,000 employees across 56 manufacturing and technology research centers.
This dividend payment reflects Whirlpool's ongoing commitment to returning value to its shareholders amid a focus on innovation in the home appliance industry.
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Whirlpool Corporation announced its initiative, BuildBetter with Whirlpool, aiming to enhance energy efficiency by approximately 15% compared to standard homes. The project plans to construct 250 energy-efficient homes over five years, with ongoing data collection from partner Habitat for Humanity. The initiative includes two grant types: Code-Plus Grants, for building homes exceeding code requirements, and Renewable Energy Grants for solar installations. The program's first phase yielded 58 completed projects in 20 states, achieving an average Home Energy Rating System (HERS) score of 54. The next phase aims for 120 projects across 82 locations.
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Whirlpool Corporation (NYSE: WHR) reported significant financial challenges in 2022, including a GAAP net loss of $(1,519) million and a GAAP loss per diluted share of $(27.18). Full-year net sales declined by 10.3% to $19,724 million. The fourth quarter saw a GAAP net loss margin of (32.6)%, with a notable one-off supply chain disruption impacting results. However, the company returned $1.3 billion to shareholders and expects 2023 earnings per diluted share of $16.00 to $18.00, alongside a projected cash flow of approximately $1.4 billion. Strong cost reduction measures are anticipated to yield up to $900 million in benefits this year.
Whirlpool Corporation was recognized as the leading county for women inventors in the textile technology sector, according to a recent report from the U.S. Patent and Trademark Office. Female engineers at Whirlpool have significantly contributed to this achievement, driving innovations in laundry appliances. Notable employees include Michele Paustian, who holds patents in dryer technology, and Binglai Chen, recognized for her ice maker design. Other prominent figures include Product Development Director Colleen Doyle and Jessica McConnell, who focus on diverse product development perspectives. Their success illustrates the impact of women's contributions in engineering at Whirlpool.