Whirlpool Stock Price, News & Analysis

Whirlpool Corporation (NYSE: WHR) announced a $15 million investment in its Tulsa, Oklahoma factory to enhance U.S. manufacturing and job creation. This initiative will add approximately 150 new jobs, contributing to a total of over 2,000 employees in the area. The investment, supported by an additional $1 million from Oklahoma's Business Expansion Investment Program, will focus on upgrading machinery, production capabilities, and infrastructure. Whirlpool's commitment underlines its dedication to the Tulsa community and strengthens its manufacturing footprint in the U.S.

Whirlpool Corporation (NYSE: WHR) announced the introduction of Google Assistant voice notifications, enhancing its voice-command capabilities. This feature will be available on select connected Maytag, Whirlpool, JennAir, and KitchenAid appliances, allowing users to receive proactive alerts about laundry and dryer cycles. The initiative aligns with Whirlpool's commitment to improving user experience. The updates will be accessible via a free firmware update through the Google Home App and will support multiple languages in various regions, including the U.S., Europe, Canada, and India.

Whirlpool Corporation (NYSE: WHR) announced that products from its brands, including Whirlpool, KitchenAid, and Bauknecht, have won multiple prestigious design awards at the iF and Red Dot competitions. In total, 11 products received iF awards across various regions, while 5 products were recognized by Red Dot. The awarded items exemplify the company's commitment to enhancing home life through innovative design.

Whirlpool Corporation (NYSE: WHR) has announced a commitment to achieve net zero emissions in its plants and operations by 2030. This initiative will encompass over 30 manufacturing sites and large distribution centers worldwide, targeting both direct (Scope 1) and power-related (Scope 2) emissions. Additionally, the company aims for a 20% reduction in emissions associated with its products (Scope 3) by 2030 compared to 2016 levels. Whirlpool has reduced total emissions by 60% since 2005, focusing on sustainability initiatives such as renewable energy and waste reduction.

Whirlpool Corporation (NYSE: WHR) reported strong Q1 2021 results, highlighting $5,358 million in net sales, up 23.9% from $4,325 million in 2020. GAAP net earnings surged to $433 million, or $6.81 per diluted share, representing an impressive 181.2% increase. The company experienced robust performance across regions, particularly in North America and Asia, driven by strong consumer demand. Whirlpool raised its full-year guidance, projecting net sales growth now at 13% and earnings per share between $23.10 and $24.10.

Whirlpool Corporation has announced a new $2 billion share repurchase program, complementing the existing $531 million unused portion from the previous program. Additionally, the quarterly dividend will increase from $1.25 to $1.40 per share, marking the ninth consecutive year of dividend growth. This decision reflects the company's strong cash generation capabilities and commitment to enhancing shareholder value. The dividend is set to be payable on June 15, 2021, to stockholders of record as of May 21, 2021.

Whirlpool Corporation (NYSE: WHR) will announce its first-quarter financial results on April 21, 2021, at 4:05 p.m. ET. A conference call to discuss these results will follow on April 22, 2021, at 8 a.m. ET. Participants can join the call by calling (866) 393-4306 or (734) 385-2616 for international callers. The call will also be available via live webcast on the company's website. Whirlpool reported approximately $19 billion in sales in 2020 and employs around 78,000 people globally.