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.
Whirlpool highlights the volunteer efforts of its employees who are dedicated to making a positive impact in their communities. These initiatives include planting trees, cleaning up waterways, donating hair, building homes, and improving community centers. The company emphasizes that these actions align with its core values and mission to improve life at home and in the communities they serve.
Whirlpool mentors collaborated with students from the 2024-25 Jobs for Michigan's Graduates (JMG) cohort at Benton Harbor High School in a mentorship initiative. The program focused on helping students develop their personal brands by exploring their individual strengths, hobbies, and aspirations. Through interactive discussions, mentors guided students in understanding how their unique qualities can contribute to their future career paths and professional development.
Whirlpool has expressed gratitude towards HelloFresh and Total Quality Logistics for their support in expanding the Feel Good Fridge program. This initiative aims to provide communities with access to free, fresh food through a network of refurbished refrigerators. Whirlpool highlights the importance of these collaborations in improving life at home.
Whirlpool Foundation has renewed its support for the BuildBetter with Whirlpool program, committing $2.5M over the next two years to help Habitat for Humanity build energy-efficient homes. The program will construct 50 net-zero-energy-ready homes, focusing on climate resilience and energy efficiency. The initiative's first phase, launched in 2021, will complete over 260 homes by end of 2024, achieving 45% predicted energy cost savings per family and 15% reduction in greenhouse gas emissions per home. The program aims to help homeowners reduce operating costs through improved energy efficiency while demonstrating that energy-efficient homes aren't exclusive to the luxury market.
Whirlpool (WHR) reported Q3 2024 financial results with net sales of $3,993M, down 18.9% year-over-year. The company achieved sequential margin expansion in MDA North America for the second consecutive quarter. GAAP earnings per share were $2.00, while ongoing earnings per share were $3.43. The company revised its full-year GAAP EPS guidance to approximately $0.50 but reaffirmed ongoing EPS guidance of $12.00. Free cash flow guidance remains at approximately $500 million, with operating cash flow projected at $1.05 billion.
Whirlpool (NYSE: WHR) has announced that it will release its third-quarter financial results and presentation materials on Wednesday, October 23, 2024, at 4:05 p.m. ET. The company will hold a conference call to discuss its performance with the investment community on Thursday, October 24, 2024, at 8 a.m. ET.
To participate in the conference call, investors can dial 1 (888) 440-4038 (Conference ID: 2610251) for domestic callers or 1 (646) 960-0861 (Conference ID: 2610251) for international participants. Participants are advised to dial in at least 10 minutes before the call due to potential longer wait times.
The conference call will also be webcast live on Whirlpool's investor relations website. Interested parties should visit the site at least 15 minutes prior to the call to download any required streaming media software. Key financial statistics, the earnings presentation, and an archived recording of the call will be available on the website for at least 30 days after the event.
Whirlpool has announced a quarterly dividend declaration by its board of directors. The dividend, set at $1.75 per share on the company's common stock, will be payable on December 15, 2024. Stockholders of record at the close of business on November 15, 2024, will be eligible to receive this dividend. This announcement demonstrates Whirlpool's commitment to returning value to its shareholders through regular dividend payments.
Whirlpool employees in Mexico have been actively participating in environmental conservation efforts. For the past 8 years, House+Home ambassadors, primarily consisting of Whirlpool employees and their family members, have collaborated with Apoya tu Bosque Local to plant over 5,000 endemic trees. This initiative has covered an impressive area of 5.24 hectares.
The commitment to environmental sustainability continues to grow, as evidenced by the recent efforts of 100 House+Home ambassadors who have planted more than 850 trees in the current year alone. This ongoing project demonstrates Whirlpool's dedication to corporate social responsibility and environmental stewardship in Mexico.
The Washing Machine Project and Whirlpool Foundation have announced a collaboration to address the 'Global Washing Divide'. Their goal is to deliver thousands of manual washing machines to low-income and displaced communities worldwide over the next five years. This initiative aims to impact an estimated 150,000 people, targeting the approximately 60% of the world's population (5 billion people) who still wash clothes by hand.
The collaboration seeks to improve quality of life and remove barriers to advancement for these communities. Navjot Sawhney, Founder of The Washing Machine Project, and Deb O'Connor, Managing Director of the Whirlpool Foundation, discussed their partnership on the Purpose360 podcast, highlighting the strengths each organization brings to the project and the potential impact on reclaiming time and improving lives for those affected by the Global Washing Divide.
The Summer Youth Golf Careers & Development Program, supported by the Whirlpool Foundation, is introducing Benton Harbor, Michigan area teens to diverse careers in the golf industry. This 12-week program, a collaboration with Harbor Shores Golf Course and Point O' Woods Golf and Country Club, provides on-the-job experience in areas such as event planning, retail, hospitality, turf management, and culinary arts.
Now in its second year, the program aims to spark future career pursuits for participants. Josh Doxtator, general manager of Harbor Shores Golf Course, emphasized the program's focus on teamwork and golf culture exposure. One participant, Tyler Valentine, gained culinary experience and is now pursuing further education at the Culinary Institute of America.
Deb O'Connor, managing director of the Whirlpool Foundation, highlighted the program's value in revealing local career opportunities in the golf industry. To date, 27 students have participated in the program's first two years.