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.
Summary not available.
Summary not available.
Summary not available.
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.
Whirlpool Corporation (NYSE: WHR) appointed Danielle Brown as Senior Vice President and Chief Information Officer (CIO), effective November 1, 2020. Brown, formerly Vice President and CIO at Brunswick Corporation, will enhance Whirlpool's Global Information Systems. With over 16 years of experience at DuPont, she brings expertise in modernizing technology and optimizing operations. Her educational background includes a BS in computer science and an MBA. The move aims to strengthen Whirlpool's digital capabilities at a crucial time for the company.
Whirlpool Corporation has announced a $0.05 increase in its quarterly dividend, raising it from $1.20 to $1.25 per share. This marks the eighth consecutive year of dividend increases, reflecting the company's confidence in its business outlook. The dividend will be payable on December 15, 2020, to stockholders of record as of November 20, 2020. With annual sales of approximately $20 billion and a workforce of 77,000 employees, Whirlpool continues to strengthen its position as a leading appliance manufacturer.
Whirlpool Corporation (NYSE: WHR) will release its third-quarter financial results on October 21, 2020, at 4:05 p.m. ET. A conference call to discuss the results with investors will take place on October 22, 2020, at 8 a.m. ET. Participants can join the call by dialing (866) 393-4306 for domestic or (734) 385-2616 for international access, using the confirmation code 'Whirlpool'. The call will also be webcast live on the company's website, which will host key financial statistics and an archived recording for 30 days.