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Whirlpool Corp (WHR)

WHR on New York Consolidated

168.86USD
18 Jan 2018
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$-2.52 (-1.47%)
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Latest Key Developments (Source: Significant Developments)

Whirlpool Announces Restructuring Actions Related To Embraco Compressor Business
Wednesday, 10 Jan 2018 09:24am EST 

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 08:03am EST 

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 08:01am EST 

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 04:52pm EST 

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 07:30am EDT 

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 04:30pm EDT 

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 12:11pm EDT 

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

Whirlpool issues statement on ‍positive U.S. ITC vote in washing machine case​
Thursday, 5 Oct 2017 12:04pm EDT 

Oct 5 (Reuters) - Whirlpool Corp ::Whirlpool issues statement on ‍positive U.S. ITC vote in washing machine case​.  Full Article

Whirlpool reports Q2 results and raises share repurchase authorization to $2.35 bln
Wednesday, 26 Jul 2017 04:30pm EDT 

July 26 (Reuters) - Whirlpool Corp :Whirlpool Corporation reports second-quarter 2017 results and increases share repurchase authorization to $2.35 billion.Sees fy 2017 gaap earnings per share $12.40 to $12.90.Q2 gaap earnings per share $2.52.Q2 earnings per share view $3.54 -- Thomson Reuters I/B/E/S.Q2 sales $5.3 billion versus i/b/e/s view $5.35 billion.Whirlpool corp - ‍company revises its full-year cash provided by operating activities guidance to a range of $1.65 billion to $1.70 billion​.Whirlpool corp - ‍company continues to expect full-year 2017 industry unit shipments in u.s. To increase by 4 to 6 percent for whirlpool north america​.Says ‍reaffirms its fy free cash flow guidance of $1 billion​.Whirlpool corp - ‍approved an additional $2 billion share repurchase authorization​.Whirlpool corp - continues to expect fy 2017 industry unit shipments to be flat to up 2 percent for whirlpool europe, middle east and africa​.Whirlpool corp - ‍continues to expect full-year 2017 industry unit shipments in brazil to be flat​.Says ‍whirlpool north america reported second-quarter net sales of $3.0 billion, compared to $2.8 billion​.Whirlpool corp - ‍continues to expect full-year 2017 industry unit shipments to be flat to up 2 percent for whirlpool asia​.Says ‍whirlpool latin america reported second-quarter net sales of $848 million, compared to $826 million​.Fy2017 earnings per share view $15.12 -- Thomson Reuters I/B/E/S.  Full Article

Whirlpool China to pay FY 2016 annual div on July 12
Tuesday, 4 Jul 2017 02:18am EDT 

July 4(Reuters) - Whirlpool China Co Ltd <600983.SS> ::* Says it will pay FY 2016 dividend to shareholders of record on July 11.* The company's shares will be traded ex-right and ex-dividend on July 12 and the dividend will be paid on July 12.  Full Article

BRIEF-Whirlpool Announces Restructuring Actions Related To Embraco Compressor Business

* WHIRLPOOL CORP - ON JAN 10, 2018, CO ANNOUNCED CERTAIN RESTRUCTURING ACTIONS RELATED TO STREAMLINING OPERATIONS IN ITS EMBRACO COMPRESSOR BUSINESS