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 reports developments in home appliances, including kitchen and laundry products sold under brands such as Whirlpool, KitchenAid, JennAir, Maytag, Amana, Brastemp, Consul and InSinkErator. News commonly covers financial results, margin actions, pricing and cost initiatives, inventory and working-capital updates, and performance in major domestic appliance operations.
Company updates also include brand-level product launches, such as KitchenAid small appliances and Maytag promotions, U.S. manufacturing investments for washer and dryer components, and corporate responsibility reporting tied to product efficiency, operational emissions and value-chain initiatives.
Whirlpool Corporation (NYSE: WHR) will announce its third-quarter financial results on October 21, 2021, at 4:05 p.m. ET. Following this, a conference call will be held on October 22, 2021, at 8 a.m. ET to discuss performance with investors. Participants can join the call by dialing 1 (888) 440-4038 or 1 (646) 960-0861 for international calls. The conference will be webcast live on the company's website, where financial statistics and archived materials will be available for 30 days.
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Whirlpool Corporation has declared a quarterly dividend of $1.40 per share, payable on September 15, 2021. Stockholders of record as of August 27, 2021 will receive this dividend. In 2020, Whirlpool reported approximately $19 billion in sales and employs about 78,000 people across 57 manufacturing and technology research centers. The company aims to enhance consumers' lives through innovation in kitchen and laundry products.
Whirlpool Corporation (NYSE: WHR) reported Q2 2021 earnings, showcasing a significant performance boost due to strong consumer demand and successful pricing strategies. Net sales rose to $5.324 billion, a 31.7% increase from the previous year. GAAP earnings per diluted share surged to $9.15, a remarkable increase from $0.47. The company raised its full-year guidance, expecting ~16% sales growth and increasing earnings forecasts to ~$26.95 per share. Strong growth was observed in North America (21.6%), Europe (49.5%), and Latin America (75.8%), despite a slight decline in Asia.
Whirlpool Corporation (NYSE: WHR) announced the expansion of Habitat for Humanity's BuildBetter program, committing to construct over 250 climate-resilient, energy-efficient homes over three years. This initiative aims to enhance housing stability amidst increasing natural disasters and improve energy efficiency by 15%. Whirlpool's global corporate social responsibility approach, House + Home, supports these efforts, contributing nearly $130 million to Habitat for Humanity globally. The collaboration includes providing appliances for new homes and hosting global housing forums to address affordable housing challenges.
Whirlpool Corporation (NYSE: WHR) will release its second-quarter financial results on July 21, 2021, at 4:05 p.m. ET, followed by a conference call with investors on July 22, 2021, at 8 a.m. ET. Participants can dial in using (866) 393-4306 for domestic and (734) 385-2616 for international calls, using the confirmation code 'Whirlpool'. The call will be webcast live on their website, with key financial statistics and a recording available for 30 days. Whirlpool aims to be the best global kitchen and laundry company, reporting approximately $19 billion in annual sales in 2020.
Whirlpool Corporation announced an expanded collaboration with Google Cloud, migrating its critical SAP environment to the cloud. This strategic move enhances the reliability and efficiency of Whirlpool’s business operations, providing global access with low latency. The company aims to utilize Google Cloud's AI and analytics capabilities to advance digital transformation. With a commitment to sustainability, Whirlpool's cloud infrastructure will operate on renewable energy, aligning with its goal of achieving zero emissions by 2030.
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.