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Whirlpool Corp (WHR.N)

WHR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Whirlpool Announces Restructuring Actions Related To Embraco Compressor Business
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Whirlpool Corp ::WHIRLPOOL CORP - ON JAN 10, 2018, CO ANNOUNCED CERTAIN RESTRUCTURING ACTIONS RELATED TO STREAMLINING OPERATIONS IN ITS EMBRACO COMPRESSOR BUSINESS.WHIRLPOOL -RESTRUCTURING ACTIONS TO RESULT IN CEASING OPERATIONS AND ENDING PRODUCTION AT EMBRACO'S RIVA PRESSO CHIERI, ITALY FACILITY IN 2018.WHIRLPOOL CORP - COMPANY CURRENTLY ANTICIPATES THAT APPROXIMATELY 500 POSITIONS WOULD BE IMPACTED BY THESE ACTIONS.WHIRLPOOL-ESTIMATES WILL INCUR UP TO ABOUT $50 MILLION IN EMPLOYEE-RELATED COSTS,ABOUT $25 MILLION IN ASSET IMPAIRMENT COSTS IN CONNECTION WITH RESTRUCTURING.WHIRLPOOL CORP - ‍ EXPECTS RESTRUCTURING ACTIONS TO BE SUBSTANTIALLY COMPLETE IN 2018 - SEC FILING​.WHIRLPOOL CORP - WITH RESTRUCTURING, ESTIMATES ABOUT $55 MILLION OF THE ESTIMATED $80 MILLION TOTAL COST WILL RESULT IN FUTURE CASH EXPENDITURES.WHIRLPOOL - ALSO‍ ESTIMATES THAT IT WILL INCUR ABOUT $5 MILLION IN OTHER ASSOCIATED COSTS IN CONNECTION WITH RESTRUCTURING ACTIONS​.  Full Article

Whirlpool Announces Collaboration With Honeywell
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Whirlpool Corp ::WHIRLPOOL CORPORATION ANNOUNCES COLLABORATION WITH HONEYWELL.WHIRLPOOL CORP - CONSUMERS WILL NOW BE ABLE TO CONNECT SMART APPLIANCES FROM CO TO HONEYWELL'S LINE OF CONNECTED THERMOSTATS.WHIRLPOOL CORP - CAPABILITIES WILL ROLL OUT ACROSS BRANDS IN WHIRLPOOL CORPORATION PORTFOLIO THROUGHOUT 2018.  Full Article

Whirlpool Corp Says To Activate Apple Watch Functionality
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Whirlpool Corp ::WHIRLPOOL CORP SAYS TO ACTIVATE APPLE WATCH FUNCTIONALITY.WHIRLPOOL - ROLLING OUT IN EARLY 2018, CONNECTED APPLIANCES FROM CO WILL ALLOW REMOTELY COMMUNICATION WITH OVENS, WASHERS AND DRYERS VIA APPLE WATCH.  Full Article

Whirlpool Corp Says Will Report Mexico Business As Part Of Latin America Segment​ Starting 2018
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Whirlpool Corp ::WHIRLPOOL CORP - ‍BEGINNING WITH FISCAL YEAR 2018, COMPANY WILL REPORT ITS MEXICO BUSINESS AS A PART OF ITS LATIN AMERICA SEGMENT​.WHIRLPOOL CORP - ‍BEGINNING WITH FISCAL YEAR 2018, CO WILL SHIFT CERTAIN ADJACENT BUSINESS FROM NORTH AMERICA SEGMENT TO ASIA SEGMENT​.  Full Article

Whirlpool Corp issues outlook
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Whirlpool Corp ::Whirlpool - ‍​ expect to deliver fy revenue growth in line of long-term target of 3% to 5% - conf call.Whirlpool - ‍​ expect EBIT margin of 6.5% for fy due to slightly increased raw material cost expectations, h2 price mix challenges - conf call.Whirlpool - ‍​ expect to deliver free cash flow of about $900 million this year due to lower earnings than previously anticipated - conf call.Whirlpool - ‍​ continue to expect that price mix in europe will be unfavorable for full year - conf call.Whirlpool - ‍​ expect pressures in china to negatively impact full year margins in asia - conf call.Whirlpool - ‍​ expect to deliver approximately $350 million of cost productivity in 2017 - conf call.Whirlpool - ‍​ expect about $375 million of raw material inflation this year, about $600 million of combined raw material inflation in 2017 and 2018 - conf call.Whirlpool - ‍​ expect our full-year effective tax rate to be approximately 16% - conf call.Whirlpool - "intend to continue repurchasing shares in the fourth quarter at a similar rate to recent quarters" - conf call.Whirlpool - "we did inform sears in may that we would no longer supply whirlpool brand products as we think we could not reach terms that are acceptable to both parties" - conf call.Whirlpool - "we are continuing to supply 10 more brand of products to sears and this applies only to our brand of business." - conf call.  Full Article

Whirlpool reports Q3 non-GAAP EPS of $3.83 from continuing operations
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Whirlpool Corp :Whirlpool Corporation reports third-quarter 2017 results.Sees FY 2017 earnings per share $13.60 to $13.90 from continuing operations.Sees FY 2017 GAAP earnings per share $11.10 to $11.40.Q3 earnings per share $3.83 from continuing operations.Q3 GAAP earnings per share $3.72.Q3 sales $5.4 billion versus I/B/E/S view $5.51 billion.Q3 earnings per share view $3.94 -- Thomson Reuters I/B/E/S.Q3 non-GAAP earnings per share $3.83 from continuing operations.Whirlpool Corp - ‍announced a $150 million fixed cost reduction initiative, which is in addition to ongoing cost productivity efforts​.Whirlpool Corp - in North America, ‍continues to expect full-year 2017 industry unit shipments in U.S. To increase by 4 to 6 percent​.Whirlpool Corp - in Latin America, ‍company continues to expect full-year 2017 industry unit shipments in Brazil to be flat​.Whirlpool Corp - in Europe, Middle East and Africa, ‍continues to expect full-year 2017 industry unit shipments to be flat to up 2 percent​.Whirlpool Corp - in Asia, ‍company continues to expect full-year 2017 industry unit shipments to be flat to up 2 percent​.Whirlpool Corp - the ‍initiative to reduce fixed overhead costs by $150 million will be implemented in early 2018​.Whirlpool Corp - ‍"In 2017, company experienced significantly elevated raw material prices which are now expected to further increase through 2018"​.Whirlpool Corp - ‍reaffirms its 2020 goals​.  Full Article

Whirlpool sets quarterly dividend of $1.10/share
Monday, 16 Oct 2017 

Oct 16 (Reuters) - Whirlpool Corp ::Sets quarterly dividend of $1.10per share.  Full Article

Whirlpool Corporation increases quarterly dividend by 10 pct
Tuesday, 18 Apr 2017 

April 17 (Reuters) - Whirlpool Corp :Whirlpool Corporation increases quarterly dividend by 10 pct.Whirlpool Corp - Board approved a 10 percent increase in quarterly dividend on company's common stock to $1.10 per share from $1.00 per share.  Full Article

U.S. CPSC says Whirlpool recalls microwaves due to fire hazard
Thursday, 25 Aug 2016 

U.S. Consumer Product Safety Commission: Whirlpool recalls microwaves due to fire hazard . Whirlpool has received five reports of incidents . Recall involves 15,200 Whirlpool microwaves . Internal arcing during use can ignite an internal plastic component, posing a fire hazard .5 reports of incidents got by Whirlpool include 1 home fire, 2 fires involving surrounding cabinets, 1 report of smoke, 1 report of burning odor.  Full Article

Whirlpool Corp declares qtrly dividend of $1.00 per share on company's common stock
Tuesday, 16 Aug 2016 

Whirlpool Corp :Board of directors of Whirlpool corporation declared a quarterly dividend of $1.00 per share on company's common stock.  Full Article

Samsung Electronics' U.S. washing machine factory starts production

SEOUL, Jan 13 Samsung Electronics Co Ltd said on Saturday its new home appliance factory in the United States had begun producing washing machines, as it awaits a U.S. government decision that could curb imports of the machines.