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 (NYSE: WHR) will announce its fourth-quarter financial results on January 27, 2021, at 4:05 p.m. ET. The company will host a conference call on January 28, 2021, at 8 a.m. ET to discuss these results with investors. Participants can join the call by dialing (866) 393-4306, and international participants should call (734) 385-2616. The call will also be available via a live webcast on the company's website. Whirlpool is a leading appliance company with around $20 billion in annual sales and numerous well-known brands globally.
Whirlpool Corporation (NYSE: WHR) announced that Chairman and CEO Marc Bitzer will join OneTen, a coalition aimed at training, hiring, and advancing one million Black Americans in sustainable jobs over 10 years. This initiative aligns with Whirlpool's commitment to workplace inclusivity and diversity. The company has previously launched a multi-year action plan to support Black colleagues and established Employee Resource Groups to enhance employee engagement. Whirlpool has received accolades for its diversity efforts, scoring a perfect 100 on the Corporate Equality Index in 2020.
Whirlpool Corporation's recent research reveals significant shifts in household dynamics due to the COVID-19 pandemic. Over half of U.S. adults are spending an extra 7.4 hours at home daily, fostering joint cooking and increased household chores. The study, conducted with YouGov, indicates that 24% feel closer to family, with 16% adopting new hobbies, notably cooking and gardening. While 54% hope for normalcy, 28% wish to maintain positive changes. Whirlpool aims to support these trends by launching the "Improving Life At Home" online hub for expert advice.
Whirlpool brand has achieved top rankings in the J.D. Power 2020 Laundry Appliances Satisfaction Study, receiving recognition for its front-load washing machines in four key categories: Ease of use, Performance and Reliability, Warranty, and Price. Over 2,000 customer evaluations from washing machine purchasers contributed to this study conducted between January and March 2020. The brand's commitment to delivering reliable and efficient appliances has been acknowledged by J.D. Power, highlighting Whirlpool's dedication to consumer satisfaction.
Whirlpool Corporation, a leader in kitchen and laundry appliances, has launched a new liquid laundry detergent named Swash™. This innovative product features the Precision Pour Cap that dispenses the correct amount of detergent, addressing common consumer misconceptions about detergent use. Swash is ultra-concentrated, offering up to 83 loads with a single bottle, which is eight times more concentrated than regular detergents. Available on Amazon starting at $15.99, Swash also comes in various scents, including Pure Linen, Free & Clear, and Simply Sunrise.
Whirlpool Corporation (NYSE: WHR) announced the retirement of Chief Legal Officer Kirsten Hewitt after nearly 25 years, effective December 1, 2020. Ava Harter will succeed her, bringing extensive legal experience from Owens Corning and other major firms. During her tenure, Hewitt significantly contributed to Whirlpool's growth through key acquisitions and a transformation of the legal team. CEO Marc Bitzer praised her leadership and cultural impact, while expressing excitement about Harter's appointment.
Whirlpool Corporation (NYSE: WHR) reported Q3 2020 financial results, showcasing a 3.9% increase in net sales to $5.291 billion, compared to $5.091 billion in Q3 2019. Net earnings rose 11% to $397 million, translating to earnings per diluted share of $6.27. Ongoing EBIT surged 74.5% to $635 million.
Cash flow improved significantly, showing $407 million in operating activities year-to-date. The company expects a 5%-7% decline in full-year net sales but has increased its earnings guidance, reflecting confidence in recovery.
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