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Whirlpool Corporation (WHR)

  • Thu, Jul. 2, 10:09 AM
    • Whirlpool (WHR -1.4%) has reached a preliminary accord with Italian trade unions not to lay off staff or close down plants in the country.
    • The company had been in heavy talks for more than two months following its original restructuring plan to cut almost 2,000 Italian jobs.
    • Previously: Whirlpool catches flak in Italy over job cuts (May. 20 2015)
    | Thu, Jul. 2, 10:09 AM | 1 Comment
  • Wed, May 20, 2:39 PM
    • Whirlpool (WHR -0.3%) faces pressure in Italy from government officials over a plan to cut nearly 2K jobs as part of a restructuring after buying Indesit.
    • The company has been in talks with labor groups in the nation on the same issue.
    • Whirlpool says the merger created redundancies which need to be eliminated.
    | Wed, May 20, 2:39 PM | Comment!
  • Tue, May 19, 9:55 PM
    • Whirlpool (NYSE:WHR) and Anheuser-Busch InBev (NYSE:BUD) starting selling their B.blend machine in Brazil today.
    • The B.blend has the distinction of being the first all-purpose beverage maker with its capacity to make hot, cold, or carbonated single-serve drinks.
    • A successful launch in the U.S. by the 50-50 partners could set up the product for an international roll-out.
    • The development also has potential implications for Keurig Green Mountain (NASDAQ:GMCR), Coca-Cola (NYSE:KO), and SodaStream (NASDAQ:SODA)
    | Tue, May 19, 9:55 PM | 9 Comments
  • Mon, May 18, 3:28 PM
    • Whirpool (WHR +0.5%) acquires privately-held American Dryer Corporation for an undisclosed amount.
    • American Dryer Corporation manufactures washing machines for commercial uses.
    • Whirlpool expects to close on the deal within the next couple of weeks and integrate ADC into its business over the rest of the year.
    | Mon, May 18, 3:28 PM | Comment!
  • Fri, May 8, 7:20 AM
    • RBC Capital initiates coverage on Whirlpool (NYSE:WHR) with an Outperform rating.
    • The investment firm sets a price target of $210 on shares.
    • WHR -5.79% YTD.
    | Fri, May 8, 7:20 AM | Comment!
  • Mon, May 4, 11:47 AM
    | Mon, May 4, 11:47 AM | Comment!
  • Tue, Apr. 28, 9:14 AM
    • Whirlpool (NYSE:WHR) slides after cutting guidance below expectations due to F/X pressure and weak demand in Brazil.
    • Acquisitions boosted the top-line revenue mark during the quarter, but full integration benefits haven't been realized yet.
    • Previously: Whirlpool misses by $0.20, misses on revenue
    • Previously: More on Whirlpool's Q1
    • WHR -7.0% premarket to $184.09.
    | Tue, Apr. 28, 9:14 AM | 1 Comment
  • Tue, Apr. 28, 9:12 AM
    | Tue, Apr. 28, 9:12 AM | 2 Comments
  • Tue, Apr. 28, 7:20 AM
    • Whirlpool (NYSE:WHR) reports its North American business saw a sales increase of 2.0% to $2.3B after excluding the currency impact.
    • Sales were up 85.71% to $1.3B for the Europe, Middle East and Africa business.
    • Whirlpool Latin America revenue fell 25% to $0.9B.
    • Whirlpool Asia revenue +127.71% to $378M.
    • Gross margin rate increased 30 bps to 17.60%.
    • Operating profit margin decreased 36 bps to 6.56%.
    • FY2015 Guidance: Diluted EPS: $9.00 to $10.00;  Adjusted EPS: $12.00 to $13.00; Free cash flow: ~$700M; Capital expenditure: ~$750M to $800M.
    • Unit shipment growth in FY2015: North America: ~4%; EMEA: Flat to +2%; Latin America: -10% to -12%; Asia: +1% to +3%.
    • WHR -3.96% premarket.
    • Q1 results
    | Tue, Apr. 28, 7:20 AM | 1 Comment
  • Tue, Apr. 28, 6:05 AM
    • Whirlpool (NYSE:WHR): Q1 EPS of $2.14 misses by $0.20.
    • Revenue of $4.85B (+11.2% Y/Y) misses by $210M.
    • Press Release
    | Tue, Apr. 28, 6:05 AM | Comment!
  • Mon, Apr. 20, 10:03 PM
    • Whirlpool (NYSE:WHR) declares $0.90/share quarterly dividend, 20% increase from prior dividend of $0.75.
    • Forward yield 1.85%
    • Payable June 15; for shareholders of record May 15; ex-div May 13.
    | Mon, Apr. 20, 10:03 PM | Comment!
  • Thu, Apr. 16, 1:23 PM
    • Whirlpool (WHR -1.1%) announces it will invest $535.3M on operations in Italy as part of a restructuring plan.
    • "A large portion of this investment will be targeted at developing a specialized and efficient network of factories and innovative product platforms," reads the Whirlpool statement.
    • The company also plans to eliminate 1,350 redundant jobs.
    • The measures are tied to the integration of Indesit into Whirlpool.
    • SEC Form 8-K
    | Thu, Apr. 16, 1:23 PM | Comment!
  • Wed, Apr. 8, 11:00 AM
    • Shares of Whirlpool (NYSE:WHR) are down 1.8% after rival Electrolux (OTC:ELUXF, OTCPK:ELUXY) warns on results in North America.
    • The Swedish appliance seller expects to post a loss in Q1 due in part to costs tied to energy regulations.
    • "Electrolux operations continue to be negatively impacted by the transition of the product ranges within refrigeration and freezers," reads the company's statement.
    • Electrolux will release full Q1 results on April 24.
    • Shares of Electrolux ADRs have fallen 7.7%.
    • Electrolux update on North American operations
    | Wed, Apr. 8, 11:00 AM | Comment!
  • Tue, Mar. 24, 1:51 PM
    • A slowdown in the single serve coffee market is giving some opportunities in the recovering drip coffee market, according to a blog post from NPD Group.
    • 42% of respondents to a NPD survey own a single serve coffee system already with less than half saying they plan on replacing their machine in the next three years.
    • Drip coffee makers and coffee grinder sales have both improved recently amid the maturity of single-serve as households veer toward having both a quick and a more complex coffee option.
    • Related coffee machine stocks: Keurig Green Mountain (NASDAQ:GMCR), Hamilton Beach (NYSE:NC), KitchenAid (NYSE:WHR), Cuisinart (private), Breville (OTC:BVILF, OTCPK:BVILY), Mr. Coffee (NYSE:JAH).
    | Tue, Mar. 24, 1:51 PM | Comment!
  • Thu, Feb. 26, 9:30 AM
    • Prices on appliances fell 4.9% Y/Y in January, according to data from the Bureau of Labor Statistics.
    • Major appliances saw a 7.7% slide, including a 8.4% drop in laundry equipment prices.
    • Related stocks: WHR, CONN, BBY, HGG, SHLD, OTC:ELUXF, OTCPK:ELUXY.
    | Thu, Feb. 26, 9:30 AM | Comment!
  • Tue, Feb. 24, 8:41 AM
    • Strong demand at Home Depot and Lowe's as consumers boost their home improvement spending sets up suppliers for a Q1 boost.
    • A higher mix of domestic sales can also help select companies withstand the impact of F/X translation to U.S. dollars for their global business.
    • Previously: Home Depot and Lowe's higher after strong read on HD traffic (Feb. 24 2015)
    • Home Depot-watching: SWK, SPB, ENR, PG, TTC, OC, WHR,
    | Tue, Feb. 24, 8:41 AM | 2 Comments
Company Description
Whirlpool Corp is a manufacturer and marketer of home appliances. It produces and sells washers, dryers, refrigerators, air conditioners, dishwashers, freezers, microwave ovens, ranges, air purifiers, and other typical household appliances.
Industry: Appliances
Country: United States