Whirlpool Posts Higher Q2 Profits
By Alan Wolf On Aug 6 2012 - 4:01am
BENTON HARBOR, MICH. – A
richer mix of higher-priced products,
particularly in North America,
helped lift Whirlpool’s second quarter
net earnings.
Profits for the three months,
ended June 30, were $113 million,
compared with a year-ago net loss
of $161 million, aided also by continued
cost reductions and plant rationalization.
But operating profit fell nearly 13
percent to $195 million due to higher
material and restructuring costs,
lower industry demand, unfavorable
currency fluctuations, and reduced
tax credits in Brazil.