2017 10 10 Airfree 468×60 Banner (Home & Industry News)

Business

Published on July 25th, 2016 | by The GC Team

0

Whirlpool increases second-quarter earnings

Whirlpool Corporation has posted second-quarter earnings of $320 million, up from $177 million in the same period last year.

Operating profit rose from $273 million to $366 million on sales of $5.2 billion.

“We delivered another quarter of record earnings and margin expansion while overcoming challenges in several key countries through focused execution of our plans,” said Jeff M. Fettig, chairman and chief executive officer of Whirlpool Corporation.

“Our leading portfolio of brands, innovative new products and strong ongoing cost productivity programmes have enabled us to continue creating significant value for our shareholders.”

Based on a strong first-half performance, the company said it is raising its full-year earnings per share guidance range to $11.50 to $12.00 on a GAAP basis, and to $14.25 to $14.75 on an ongoing basis.

Tags:


About the Author

Get Connected is the top trade journal for the UK electricals industry. Its website is the fastest, most interesting and up to date in the business.



Leave a Reply

Your email address will not be published. Required fields are marked *

two × four =

Back to Top ↑
  • 2017-10-30 DeDietrich 300×250
  • The Latest…

  • 2017 09 01 Blomberg 300 x 250
  • GC Latest Tweets…

    Belling creates children’s book to support Sensicare laundry collection... gcmagazine.co.uk/?p=… pic.twitter.com/HOny…

    About 3 hours ago from GC Magazine's Twitter via Twitter Web Client · reply · retweet · favourite

  • Read The Latest Issue...
  • News by Category

  • Archives


Subscribe to GC's weekly e-Bulletin