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November 2, 2009
Whirlpool Reports Third-Quarter Drop, Raises Profit Outlook for Year

BENTON HARBOR, Mich. — Whirlpool Corp.’s sales dropped 8% for the third quarter of 2009 compared to the same period in 2008, according to a recent earnings report, but it raised its profit outlook for the year, saying that its cost-cutting measures will pay off in the final quarter.

July 28, 2009
Whirlpool Profits Fall, but Still Beat Analysts’ Estimates

BENTON HARBOR, Mich. — Whirlpool Corp. reported a second-quarter profit drop of 33%, but that was still better than analyst expectations. The company also boosted the low end of its full-year profit guidance above analysts’ estimates.

Whirlpool contributed the relatively higher-than-expected profit to lowered working capital, improved pricing and product mix, and additional cost controls.

April 29, 2009
Whirlpool Q1 Profit Drops, but Cost Cutting Softens Blow

BENTON HARBOR, Mich. — Whirlpool Corp. has reported that its profits fell 28% in the first quarter of 2009 due to softening consumer demand and a stronger dollar, but the results were still higher than analysts’ expectations.

The company’s earnings fell to $68 million, or 91 cents per share, down from $94 million, or $1.22 per share, from the same time last year. Sales dropped 23% to $3.57 billion, because its products were more expensive overseas, Whirlpool explains.

March 10, 2009
Whirlpool Wins 10th ENERGY STAR Award

BENTON HARBOR, Mich. — The U.S. Environmental Protection Agency (EPA) and the Department of Energy (DOE) have given Whirlpool Corp. the 2009 ENERGY STAR Sustained Excellence award. The award recognizes the company’s leadership in offering energy- and water-efficient appliances, Whirlpool says. This is the company’s 10th ENERGY STAR award and fourth consecutive Sustained Excellence win.

November 5, 2008
Whirlpool to Cut 5,000 Jobs by End of 2009

BENTON HARBOR, Mich. — Whirlpool Corp. is planning to cut approximately 5,000 jobs by the end of 2009 because of the global credit crisis and the company’s expectation for continued reduced demand in North America and Europe, the company reports.

February 11, 2008
Whirlpool Reports Record Fourth-Quarter Profits

GRAND RAPIDS, Mich. — The Whirlpool Corp. has announced that its fourth-quarter profit climbed 72%, aided by its Maytag acquisition, an improved product mix and the weak dollar. Whirlpool’s net earnings for all of 2007 rose 48%.

Whirlpool, which bought Maytag in 2006, reported fourth-quarter earnings after preferred dividends increased to $187 million, or $2.38 per share, compared to $109 million, or $1.37 per share, in the previous year. Quarterly revenue grew 7% to $5.33 billion from $5 billion a year earlier.

April 6, 2006
Whirlpool Completes Acquisition of Maytag in Deal Worth $2.6 Billion

BENTON HARBOR, Mich. — Whirlpool Corp. officially acquired Maytag Corp. last Friday, and the combined enterprise immediately began the integration process.

Whirlpool management will lead the combined company headquartered in Benton Harbor, and the company plans to provide more detailed information about its Maytag plans in approximately 60 days.