Sep. 8, 2014, 10:08 AM
Aug. 19, 2014, 9:56 AM
Aug. 1, 2014, 1:59 PM
Jul. 23, 2014, 11:39 AM
- Anyone buying the knee-jerk 6% dive in Whirlpool (WHR +0.2%) following a big earnings miss and guidance cut is smiling as the stock turns green amid optimistic comments from management on the conference call, with CEO Jeff Fettig saying industry demand levels are set to accelerate in H2.
- Previously: Whirlpool tumbles after big miss and reduced guidance
Jul. 23, 2014, 8:18 AM
- Citing the costs associated with pending acquisitions in China and Europe, Whirlpool (NYSE:WHR) cuts full-year EPS guidance to $10.30-$10.80 from $11.05-$11.55.
- As for Q2 results, North America sales of $2.7B rose about 4%, excluding currency impacts, with operating margin of 10.6%, up from 10.1%.
- Europe, Middle East, and Africa ales of $746M rose about 3% ex-currency.
- Latin America sales of $1.1B declined about 4% ex-currency.
- Asia sales of $211M fell about 9% ex-currency.
- Shares -5.7% premarket
- Previously: Whirlpool misses by $0.29, misses on revenue
Jul. 23, 2014, 6:04 AM
Jul. 22, 2014, 5:30 PM
Jul. 17, 2014, 3:58 PM
Jul. 15, 2014, 1:57 PM
- Shipments of major home appliances rose 11.3% Y/Y to 7.51M units in June, according to industry tracking.
- The development could bode well for Whirlpool (WHR +0.3%).
- On the other side of the equation, electronics and appliance stores (BBY, CONN, HGG) sales rose only 0.1% M/M in June. The annualized rate is well- below the pace of shipments.
Jul. 14, 2014, 10:14 AM
- Fitch Ratings places the ratings on Whirlpool (WHR -1.1%) on Rating Watch Negative due to the company's move to acquire a majority interest in Indesit.
- Though the ratings agency sees the acquisition as "strategically positive" for Whirlpool, the projected increase in leverage from pumped up debt level is a cause for concern.
- The Rating Watch Negative stance could be lifted after the transaction closes and Fitch review Whirlpool's financials.
Jul. 11, 2014, 10:43 AM
- Whirlpool's (WHR +1.9%) purchase of a large stake in Indesit will help it come close to doubling the company's presence in Europe.
- Indesit appliance brands include Indesit, Hotpoint and Scholtes
- Though Whirlpool has closed several plants in Europe over the last few years, it sees pockets of strength emerging and views the Indesit purchase as a quick entry into new categories.
Jul. 11, 2014, 8:06 AM
May 13, 2014, 9:39 AM
May 13, 2014, 9:00 AM
- A disappoint read on retail sales from April's report could reset some expectations in the sector after analysts overestimated consumer demand.
- The electronics and appliance store category (RSH, BBY, CONN, WHR) saw sales fall 2.3% M/M and 1.5% Y/Y.
- Clothing and clothing accessory stores (AEO, GPS, BKE, TLYS, ANF, ANN, LB, ARO, GES, CATO) registered a 1.2% M/M and 1.1% Y/Y gain in sales which didn't show the snap-back from soft winter traffic patterns forecast by some.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, PMR, RCD, PEZ, PSCD
May 12, 2014, 10:08 AM
- Whirlpool (WHR +1.9%) says it will reaffirm previous guidance when it presents at the J.P. Morgan Homebuilding & Building Products Conference later this week.
- Current FY14 EPS guidance from Whirlpool is at $12.00-$12.50 vs. $12.35 consensus.
- The company's comments on demand trends will be closely watched even without the sales and profit projections being altered. In the past, execs have made some sweeping statements on the housing market which have caught notice.
Apr. 25, 2014, 6:25 PM
- Investors reacted to Whirlpool's (WHR) Q1 earnings report with a collective shrug, but Barron's says the appliance giant remains worth buying, offering sales growth, a buyback program and pent-up demand.
- U.S. demand for household appliances is increasing due to an improving economy and growing numbers of young people finally able to move out of their parents' homes, Johanna Bennett writes; with cost cutting, WHR is poised to grow profits at a clip that could average 20%-plus annually over the next few years.
- With that kind of profit growth ahead and a 2% dividend yield, the stock deserves better than the current multiple of ~12.6x 2014 earnings it now fetches.
WHR vs. ETF Alternatives
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.
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