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24 Jul
The U.S. appliance maker said its sales in China plummeted 80 percent last quarter as retailers in that country, anticipating its pending merger with Hefei Rongshida Sanyo Electric Co and the new line the merged entity will produce, stopped buying Whirlpool-branded products. "Trade partners are liquidating their old inventory and getting ready for the new inventory, which will come from the ...
24 Jul
Whirlpool Corporation's (WHR) adjusted earnings per share came in at $2.62 in the second quarter of 2014, way below the Zacks Consensus Estimate of $2.88.
23 Jul
Whirlpool Corp on Wednesday reported a lower quarterly profit as sales fell in every region except North America. The company also cut its full-year earnings outlook, citing expenses from two pending acquisitions. Whirlpool, which sells its washers and dryers, stoves, and refrigerators under a variety of brand names including Whirlpool, Maytag, KitchenAid and Jenn-Air, said it had sold $4.7 ...
23 Jul
BENTON HARBOR, Mich., July 23, 2014 /PRNewswire/ -- Whirlpool Corporation (NYSE: WHR) announced today second-quarter GAAP net earnings of $179 million, or $2.25 per diluted share, compared to $198 million, ...
11 Jul
Whirlpool (WHR.N), the world's largest maker of home appliances, has agreed to pay 758 million euros (602.67 million pounds) to buy a 60 percent stake in smaller Italian rival Indesit (IND.MI) to further expand beyond its U.S. home market. The acquisition of Indesit, which is a market leader in Italy, the United Kingdom and Russia, follows Whirlpool's purchase of a majority stake in China's ...
11 Jul
* Whirlpool offers 11 euros a share to buy 60.4 pct stake * Will launch takeover bid for rest of Indesit * Whirlpool keen to expand in Europe * Indesit family had clashed over strategy-sources (Adds context, shares, analysts)
11 Jul
Whirlpool will pay more than $US1 billion ($A1.08 billion) for a controlling stake in Indesit, the appliance maker's counterpart in Italy. The deal announced on Friday will put the US company in possession of shares representing 66.8 per cent of Indesit's voting stock. Whirlpool, which also owns Maytag, KitchenAid and other brands, will pay $US15.06 per Indesit share. "We believe this will ...
11 Jul
BENTON HARBOR, Mich. - Whirlpool will pay more than $1 billion for a controlling stake in Indesit, the appliance maker's counterpart in Italy.
11 Jul
BENTON HARBOR, Mich. (AP) — Whirlpool will pay more than $1 billion for a controlling stake in Indesit, the appliance maker's counterpart in Italy.
11 Jul
Whirlpool Corp. (WHR) agreed to pay 758 million euros ($1 billion) for a controlling stake in Italian appliance maker Indesit Co. (IND) , its largest acquisition since buying former rival Maytag Corp. eight years ago.
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