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Home > Fortune 500 Companies > Whirlpool Corp
Whirlpool Corp
Whirlpool Corp. is a publicly traded company with a good stock performance record. The company is also a fortune 500 stock listed company trading under the symbol WHR. Whirlpool was founded in 1906 and is headquartered in Benton Harbor, Michigan.
Whirlpool Corporation is a global manufacturer and marketer of major home appliances, with annual sales of over 13 billion dollar, 68,000 employees, and nearly 50 manufacturing and technology research centers around the globe. The company markets Whirlpool, KitchenAid, Brastemp, Bauknecht, Consul and other major brand names to consumers in more than 170 countries. Whirlpool Corporation manufactures and markets home appliances. The company’s products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, room air-conditioning equipment, mixers, and other small household appliances. It also produces hermetic compressors for refrigeration systems. The company markets and distributes its products to retailers, distributors, and builders in North America, Europe, Latin America, and Asia.
The Company entered 2006 with strong business momentum, a proven global strategy, a cadence of new product innovation and a strong balance sheet. They expect their positive earnings momentum to continue during 2006, and the organization is well prepared for the challenges and opportunities we expect to see in the current year.
Whirlpool Corporation announced a record fourth-quarter 2005 net earnings of 126 million dollars, or 1.83 dollars per diluted share, compared to 97 million dollars, or 1.44 dollars per diluted share, in the same period last year. The company also reported record full-year 2005 net earnings of 422 million dollars, or 6.19 dollars per diluted share, compared to 406 million dollars, or 5.90 dollars per diluted share last year.
Fourth-quarter net sales increased 9 percent from the prior-year period to 4 billion dollars. Excluding currency translations, net sales increased by approximately 8 percent. For the full year, net sales increased 1.1 billion dollars, or 8 percent to 14.3 billion dollars. Excluding currency translations, net sales increased approximately 6 percent. Both fourth quarter and annual net sales represented records for the company.
Whirlpool's global procurement, product development and information technology organizations help our operations reduce costs, improve efficiencies and introduce a continuous stream of relevant innovation to consumers.
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