Whirlpool Posts Higher Q1 Profits, Flat Sales

By Steve Smith On Apr 24 2013 - 9:19am

Benton Harbor, Mich. — Whirlpool reported higher net earnings and flat sales in the first quarter, ended March 31.

GAAP net earnings were $252 million, compared with net earnings of $92 million share reported during the same period last year, which were driven by continued favorable product price and mix and the benefit of cost- and capacity-reduction initiatives, the company said.

Whirlpool Reports Q4 Profits Down 40%

By Alan Wolf On Jan 31 2013 - 4:25pm

Benton Harbor, Mich. – Whirlpool said currency fluctuations, restructuring charges and lower tax credits in Brazil contributed to a 40 percent drop in fourth-quarter net earnings, to $122 million.

Net sales for the three months, ended Dec. 31, slipped 2.4 percent, to $4.8 billion.

The nation’s largest majap maker said profits improved considerably on an apples-to-apples basis, and sales rose 2 percent, thanks to higher wholesale prices, a greater mix of high-margin products, productivity improvements, and the benefits of cost-cutting and factory closures.

Conn’s, Whirlpool Part Company

By Alan Wolf On Dec 5 2012 - 3:40pm

The Woodlands, Texas – Multi-regional majap, CE and furniture chain Conn’s is no longer doing business with Whirlpool.

Conn’s acknowledged the split with the world’s largest appliance manufacturer to TWICE but declined to comment.

Similarly, Whirlpool confirmed that the two companies “have mutually decided that Whirlpool Corporation’s brands will no longer be carried at Conn’s locations.”

The products have also been removed from Conns.com.