Whirlpool Corporation announced fourth-quarter 2004 net earnings of U.S $97 million, compared to $124 million, in the same period last year. Record net sales for the fourth quarter of $3.63 billion increased 8.1 percent from the previous year’s results. Excluding currency translations, net sales …
Category: Whirlpool
Whirlpool news and information on new products, company news and information and so on.
A Whirlpool of Value
While reviewing the top percentage losers on the NYSE this morning, I spotted two “old economy” names among ranks often dominated by newer, wilder types. Their identities? Whirlpool (NYSE: WHR) and Maytag (NYSE: MYG), boring stocks selling for, respectively, 12 and 13 times 2005 estimated earning…
New Whirlpool product’s targeted market: people who hate ironing
Whirlpool’s latest product adds a new wrinkle to an old, oft-dreaded household task: ironing. The company plans to introduce the Fabric Freshener on Thursday, when the four-day 2005 International Builders’ Show opens in Orlando, Fla.
D.R. Horton Announces Whirlpool 2004 Manufacturer Of Year
D.R. Horton, Inc. (NYSE: DHI) Thursday (January 6, 2005), announced that its “2004 Manufacturer of the Year” award was presented to Whirlpool Corporation (NYSE: WHR). Don Tomnitz, President and Chief Executive Officer for D.R. Horton, Inc., said, “The Company is very pleased to honor Whirlpool as…
Amana plant looks to expand
An eastern Iowa refrigerator manufacturing plant owned by Maytag Corp. has applied for a state tax credit to expand. Amana Refrigeration Products would create 200 jobs, said an application approved by the Iowa County supervisors Wednesday.
DRYCLEAN USA Enters into an Agreement with Whirlpool
DRYCLEAN USA, Inc. (AMEX:DCU) today announced it has signed an exclusive license agreement with Whirlpool Corporation of Benton Harbor, Michigan (NYSE:WHR), licensing the use of DRYCLEAN USA’s patent technology on home appliances. The agreement calls for Whirlpool to pay a one-time licensing fee …
Whirlpool pulls plug on benefits funding plan
Whirlpool has withdrawn its request for federal regulatory approval of an innovative retiree health care benefits funding arrangement that would have made use of its captive insurance company, a tax-free trust and commercial life insurance.
Whirlpool Keeps Ice-Maker Unit In Fort Smith
In a move that saves at least 80 jobs, Whirlpool has reversed course and decided not to move ice-maker production at its Fort Smith plant to a company that would have built the units in China. “Ice-maker assembly will remain at the Fort Smith division for now,” Whirlpool spokeswoman Mona Mendoz…
Whirpool’s new microwave oven launches in the UAE
Al Ghandi Electronics has launched the new Whirlpool “JETCHEF” ““ a revolutionary concept in cooking providing significant and unique consumer benefits by combining the necessity of a regular oven and the practicality of the microwave in one machine. Whirlpool’s new JetChef designed to of…
Faber India ties up with Whirlpool
Faber India, the domestic arm of Italian kitchen appliances firm Faber Spa, said it has entered into a distribution tie-up with Whirlpool and is aiming for 30% growth in sales turnover at Rs 520 million (US$11.56 million) this fiscal year.