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, the leading kitchen and laundry appliance company, will showcase its latest innovations at the 2022 NAHB International Builders' Show from Feb. 8-10, 2022 in Orlando, Fla. The company emphasizes its commitment to meet the diverse needs of consumers through its brand portfolio, including Whirlpool, Maytag, KitchenAid, and JennAir.
Highlighted products include the 5.8 Cu. Ft. Gas 7-in-1 Air Fry Oven, Top Load Washer with 2-in-1 Removable Agitator, and a 30" Induction Cooktop.
Whirlpool Corporation (NYSE: WHR) reported strong financial results for Q4 and full-year 2021, with net sales rising to $21.985 billion, a 13% increase from 2020. GAAP net earnings also surged by 65.9% to $1.783 billion. Despite challenges, including inflation and supply constraints, the company managed a record Q4 sales, attributing success to cost-based price increases. Looking ahead, Whirlpool expects 5-6% sales growth in 2022 and plans to return approximately $1.5 billion in cash to shareholders.
Whirlpool Corporation (NYSE: WHR) is set to release its fourth-quarter financial results on January 26, 2022, at 4:05 p.m. ET. Following the release, the company will conduct a conference call for investors on January 27, 2022, at 8 a.m. ET. Participants can join via phone or access a live webcast on Whirlpool's website. The company aims to lead in the global kitchen and laundry market, emphasizing innovation and consumer needs. In 2020, Whirlpool reported approximately $19 billion in sales and employs around 78,000 people.
Whirlpool Corporation (NYSE: WHR) has sold its original manufacturing campus in Cleveland, Tennessee, to Phoenix Investors. The sale includes approximately 77 acres and a 150,000 sq. ft. distribution warehouse. Whirlpool, which built a new plant in Cleveland in 2012, has ensured the new owners will collaborate with local officials to maximize the property’s positive impact on the community. The company remains committed to Cleveland, being a significant employer with around 2,000 employees in the area.
Whirlpool Corporation (NYSE: WHR) conducted a global study involving over 19,000 participants to identify consumer preferences for home innovations. Results highlight a strong preference for energy-efficient appliances (51%) and environmentally friendly products. Smart appliances remain underutilized, with only 5% of features activated. The company emphasizes its commitment to sustainability and innovation, including energy-efficient appliances and new functionalities. Additionally, Whirlpool collaborates with Habitat for Humanity to provide energy-saving appliances, potentially reducing electric costs by over 20% for low-income households.
Whirlpool Corporation (NYSE: WHR) announced a significant investment of over $65 million in its Ottawa, Ohio plant to transform it into a premium refrigeration manufacturing facility. This initiative will enable production of Built-In Refrigerators (BIR) and is expected to create more than 100 jobs. Plant expansion is slated to start in mid-2022, with full production commencing in 2023. The investment reflects Whirlpool's commitment to innovation and competitive advantage in the BIR market, backed by support from JobsOhio and local officials.
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