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) 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.
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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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Whirlpool Corporation (NYSE: WHR) announced its Q3 2021 financial results, reporting net sales of $5,488 million, a 3.7% increase year-over-year. GAAP net earnings rose by 20.2% to $471 million, with GAAP earnings per diluted share at $7.51. The company increased its earnings per share guidance to ~$26.25. Despite strong cash flow of $1,294 million, ongoing EBIT decreased by 3.2% to $608 million. Whirlpool aims for 5-6% annual sales growth and strong cash flow generation, signaling resilience amid market challenges.
On October 18, 2021, Whirlpool Corporation announced a quarterly dividend of $1.40 per share on its common stock. The dividend is scheduled for payment on December 15, 2021, for stockholders of record as of November 19, 2021. With around $19 billion in annual sales and a global workforce of 78,000, Whirlpool continues to focus on innovation in kitchen and laundry products.