Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Whirlpool 1Q Earnings Up
Apr 24, 2013
 Printable format
 Email this Article
 Search


Whirlpool Corp. had first-quarter 2013 GAAP net earnings of $252 million, compared to 1Q 2012 net earnings of $92 million.

Sales in 1Q 2013 were $4.2 billion, from $4.3 billion in 1Q 2012. Sales were flat after excluding the impact of foreign currency and Brazilian (BEFIEX) tax credits.

"The first-quarter results were in line with our expectations and continue to reflect our actions to expand margins, marking the fifth consecutive quarter of year-over-year operating margin improvement," said Jeff M. Fettig, Whirlpool Corp. chairman and CEO. "We expect to see moderately higher revenue growth, due to continued strength in U.S. housing and improving demand trends internationally, and we are on track to deliver our operating profit margin, earnings and free cash flow guidance for the year."

1Q 2013 GAAP operating profit totaled $254 million, from 1Q 2012's $204 million.

On an adjusted basis, operating profit totaled $280 million, or 6.6% of sales, compared to $231 million, which was 5.3% of sales, in 1Q 2012. Whirlpool reported positive impacts of continued positive product price and mix and benefits of cost and capacity-reduction efforts.

Back to Daily News

 

Daily News

...........................................................

Sep 5, 2014: Electrolux Acquiring GE Appliances Could Make it the New Global Appliance Leader

Sep 5, 2014: Foodservice Equipment and Other Restaurant Capital Spending Solid in July

Sep 4, 2014: IFA Show: Miele Unveils Washing Machine That Beats A+++ Energy Efficiency by 40%

Sep 4, 2014: IFA Show: Panasonic Washer Uses Sensor System to automatically Adjust Washing Cycle

Sep 3, 2014: h.h. gregg Ranked Highest In Appliance Customer Satisfaction

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows