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Content about Jeff M. Fettig

April 27, 2010
Whirlpool Sales Jump 20% in First Quarter

BENTON HARBOR, Mich. — Whirlpool Corp. announced yesterday that sales jumped to $4.3 billion in the first quarter, up 20% from the $3.6 billion reported in first-quarter 2009. Earnings skyrocketed 141% to $164 million ($2.13 per diluted share) from $68 million ($0.91 per share) in the same quarter of 2009.

Including the impact of foreign exchange, the company's first-quarter sales increased about 11%. But first-quarter operating profit totaled $241 million, up considerably from $166 million in the prior year.

February 15, 2010
Whirlpool Earnings More Than Double in Fourth-Quarter 2009

BENTON HARBOR, Mich. — Whirlpool Corp.’s fourth-quarter net earnings rose 111% to $95 million, or $1.24 per diluted share, compared to $44 million, or $0.60 per diluted share, during the same period in 2008, according to the company’s quarterly report.

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.

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.