$WHR (Whirlpool Corp.)

$WHR {{ '2016-02-24T19:04:09+0000' | timeago}} • SEC

$WHR had cash and cash equivalents of $772MM at December 31, 2015, of which $726MM was held by subsidiaries in foreign countries. In 2015, $WHR repurchased 1,505,299 shares at an aggregate purchase price of approx. $250MM. At December 31, 2015, there were approx. $225MM in remaining funds authorized under this program.

$WHR {{ '2017-06-20T21:38:35+0000' | timeago}} • Announcement

Jeff Fettig, $WHR Chairman and CEO since 2004, will step down as CEO and continue in his role as Chairman of the BoD. The Board has elected Marc Bitzer, the company's current President and COO, to succeed Fettig as CEO. These changes will become effective October 1.

$WHR {{ '2017-05-31T14:00:36+0000' | timeago}} • Announcement

$WHR said it is filing safeguard petition with the U.S. International Trade Commission to address the repeated efforts by Samsung and LG to evade the US trade laws. The move comes after the government found residential washers were being unlawfully imported and dumped into the country by Samsung and LG, against the interest of local manufacturers.

$WHR {{ '2017-05-25T14:06:56+0000' | timeago}} • Announcement

$WHR completed expansion of its Greenville, Ohio factory distribution center. The project builds upon $WHR's commitment to American manufacturing and reinforces Greenville as the global hub of the company's small appliances business.

$WHR {{ '2017-05-02T21:36:29+0000' | timeago}} • Announcement

$WHR reached an agreement to acquire Yummly. The acquisition strengthens $WHR's ability to bring purposeful, consumer-relevant innovations to market in the emerging IoT space. As subsidiary, Yummly will continue to operate out of its headquarters in Redwood City, California. The transaction is expected to be finalized in May 2017.

$WHR {{ '2017-04-25T13:11:47+0000' | timeago}} • Webcast

$WHR expects to deliver around $350MM of synergies from the Indesit integration. The company is currently fully on track to deliver these synergies.  For 2017, $WHR expects to realize $75MM of incremental synergies. The company has faced some impacts related to currency and demand but it expects to achieve its original target.

$WHR {{ '2017-04-25T12:54:47+0000' | timeago}} • Webcast

$WHR stated that in the UK, YTD, it has realized 6-7% of the price increases undertaken but not yet to the full level which is required to offset the currency impact. The company’s market share in the UK has stabilized and has reached pre-Brexit levels. $WHR does not expect the Brexit impact to be a headwind anymore going forward.

$WHR {{ '2017-04-25T12:39:48+0000' | timeago}} • Webcast

$WHR said its expectations for Europe are unchanged and this is a high value-creating business. 1Q17 was challenging but the company believes this is temporary. As $WHR came to the end of its factory and product platform integration, this along with some other issues caused supply chain disruptions. $WHR expects to see improvement in 2Q17.

$WHR {{ '2017-04-24T21:36:24+0000' | timeago}} • Announcement

$WHR reported 1Q17 net sales of $2.6Bil in North America compared to $2.4Bil in 1Q16. Europe, Middle East and Africa reported net sales of $1Bil compared to $1.2Bil in 1Q16. Latin America reported net sales of $818MM versus $705MM last year.  Asia reported net sales of $419MM compared to $371MM in the prior-year period.

$WHR {{ '2017-04-24T21:30:56+0000' | timeago}} • Announcement

For full-year 2017, due to temporary integration challenges in the EMEA region, $WHR expects diluted EPS of $12.65-13.40 and ongoing business diluted EPS of $14.75-15.50. The company continues to expect to generate cash from operating activities of $1.7-1.75Bil and free cash flow of approx. $1Bil.

$WHR {{ '2017-04-24T21:27:28+0000' | timeago}} • Announcement

$WHR reported an increase in 1Q17 earnings helped by revenue growth and margin expansion. Net earnings were $153MM or $2.01 per share compared to $150MM or $1.92 per share in 1Q16. Net sales were $4.8Bil compared to $4.6Bil last year. Excluding the impact of currency, sales increased 3%.

$WHR {{ '2017-04-18T14:31:51+0000' | timeago}} • Announcement

$WHR elected 13 individuals to its board of directors. Samuel R. Allen, Marc R. Bitzer, Greg Creed, Gary T. DiCamillo, Diane M. Dietz, Gerri T. Elliott, Jeff M. Fettig, Michael F. Johnston, John D. Liu, Harish Manwani, William D. Perez, Larry O. Spencer and Michael D. White were elected to the board for one-year terms, expiring in 2018.

$WHR {{ '2017-04-18T11:00:07+0000' | timeago}} • Announcement

$WHR's BoD  approved a 10% increase in the quarterly dividend on its common stock from $1.00 to $1.10 per share. The dividend is payable on June 15, 2017, to stockholders of record on May 19, 2017.

$WHR {{ '2017-03-13T10:52:13+0000' | timeago}} • Announcement

A jury returned its verdict in $WHR's favor, finding that water filters manufactured by TST Water, LLC infringed $WHR's patent for refrigerator water filters. The jury also affirmed the validity of $WHR's patent and awarded damages based on its finding of willful infringement. $WHR filed this lawsuit against TST Water in September 2015.

$WHR {{ '2017-02-22T17:15:08+0000' | timeago}} • Announcement

$WHR sold its balance manufacturing building and surrounding land in Fort Smith Arkansas to an affiliate of Milwaukee-based Phoenix Investors. Over last 3 years, Phoenix Investors has acquired 6 former $WHR plants as part of its core business of revitalizing former manufacturing facilities throughout the U.S.

$WHR {{ '2017-02-22T15:14:47+0000' | timeago}} • Announcement

$WHR sold its former manufacturing Plant Three property on Euclid Avenue in Cleveland, Tennessee to an affiliate of Milwaukee-based Phoenix Investors. The new owner's portfolio totals about 17MM sq ft across 22 states.

$WHR {{ '2017-02-21T16:02:10+0000' | timeago}} • Announcement

$WHR's BoD declared a quarterly dividend of $1.00 per share on its common stock. The dividend is payable March 15, 2017, to stockholders of record at the close of business on March 3, 2017.

$WHR {{ '2017-02-21T14:44:00+0000' | timeago}} • Announcement

$WHR appointed Greg Creed, CEO of $YUM, to its BoD, effective immediately. Creed has served as CEO of $YUM since January 2015.

$WHR {{ '2017-01-30T13:39:36+0000' | timeago}} • Announcement

Meritage Homes has renewed its agreement with $WHR. Based on this four-year contract, Meritage can feature Amana, Whirlpool, Maytag, KitchenAid and Jenn-Air brand appliances in its homes across the country. The contract between $WHR and Meritage became effective June 1, 2016.

$WHR {{ '2017-01-26T16:10:43+0000' | timeago}} • Webcast

In the Asia region, $WHR expects 0-2% industry growth for 2017. Demand trends remain favorable in India and the company expects to deliver revenue growth for the expanded distribution network work in China despite a neutral overall demand environment.

$WHR {{ '2017-01-26T16:07:38+0000' | timeago}} • Webcast

In Latin America, $WHR expects industry to be flat in 2017. Currency to have a neutral impact to results based on current market rates and $WHR's hedge position. The company expects demand stabilization in Brazil with single digit industry decline from 1H17 and modest growth in 2H17.

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