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Whirlpool Corporation is an American multinational manufacturer and marketer of home appliances headquartered in Benton Charter Township, Michigan, United States. [2] In 2023, the Fortune 500 company had an annual revenue of approximately $19 billion in sales, around 59,000 employees, and more than 55 manufacturing and technology research centers globally.
1948 ad for Norge refrigerators. The Norge brand of appliances was originally manufactured by the Norge Appliance Company, which was once a division of BorgWarner and later a division of Fedders.
As of 2017, Kenmore products are produced by manufacturers including Whirlpool, Samsung, LG, Electrolux, Panasonic, Cleva North America, and Winia Electronics. [ citation needed ] Today, the brand's portfolio is sold across Amazon , Lowe's , [ 3 ] Target , and many other online retailers.
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For the fiscal year 2019 (2/1/2019-1/31/2020), Lowe's reported earnings of US$4.281 billion, with an annual revenue of US$72.148 billion, an increase of 1.17% over the previous fiscal cycle. [29] Lowe's shares traded at over $116 per share, [30] and its market capitalization was valued at over US$90.32 billion in January 2020. [31]
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In 1997, the company was purchased by Goodman Global (now part of Daikin North America), a heating-and-cooling manufacturer which sold it to Maytag (now part of Whirlpool) in 2002. [2] Goodman still owns Amana's air conditioner and furnace division, and Amana home appliances are now owned and manufactured by the Whirlpool Corporation. [3]