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Content about Company Earnings Guidance

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.

August 3, 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.

May 1, 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.

November 3, 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.