Whirlpool, the home appliance maker that is buying smaller rival Maytag, reported a 30 percent jump in its fourth-quarter profit Thursday on strong product pricing and lower taxes.
The company posted a profit of $126 million, or $1.83 per share, up from $97 million, or $1.44 per share, in the fourth quarter of 2004. Sales in the quarter rose to $3.95 billion from $3.63 billion a year earlier.
Shares of Whirlpool rose $5.89 to close at $86.37.
From ohio.com
Whirlpool Corp. said it received a grand jury subpoena for documents related to a U.S. Department of Justice antitrust investigation into the global compressor industry. Authorities also visited Whirlpool Corp. subsidiaries in Brazil and Italy Tuesday seeking similar information, according to a p…
Not to be left out from the IoT party Whirlpool joins the fray (again) with new machines being introduced this year that you can command using Alexa enabled devices like Amazon’s Echo etc.
As a worldwide company, with almost 50 manufacturing and engineering facilities in 14 countries and sales in more than 170, Whirlpool Corp. faces competition worldwide.