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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.
The U.S. appliance giant on Monday reported third-quarter profit and sales below analysts' estimates, hurt by higher raw material prices which are expected to rise through 2018. RELATED: The most ...
The appliance giant's cautious near-term outlook reflects several economic realities. For one, expectations for interest rate cuts have been pushed back after optimism over them exploded late in 2023.
Costs incurred in Maytag's acquisition and integration of Amana and an increased corporate debt load led to aggressive internal cost-cutting efforts in direct materials, manufacturing, and distribution costs. [9] [11] Maytag introduced a value-priced appliance line under a separate label, Performa by Maytag. To increase sales, the company also ...
Image source: Getty Images. Management delivered (just), with MDA NA EBIT margin up 7.3% from 6.3% in the second quarter. Whirlpool will need another 170 basis points to reach 9%, but price ...
From 2010 to late 2014, GE Appliances & Lighting was a sub-business under GE Home & Business Solutions. [12] On September 8, 2014, General Electric agreed to sell the company to Electrolux, a Swedish appliance manufacturer and the second-largest consumer appliance manufacturer after Whirlpool Corporation, for US$3.3 billion in cash. The deal ...
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