Whirlpool cost-cutting initiatives help boost earnings
Jan 31, 2013 | 01:30 PM
| Corinna Petry
Tags
Whirlpool,
earnings report,
appliances,
Jeff Fettig,
cost-cutting initiatives,
corinna petry
CHICAGO — Appliance manufacturer Whirlpool Corp. posted global net income of $401 million in 2012, up 2.8 percent from $390 million the previous year despite a 2.8-percent decline in sales to $18.14 billion.
Its North American business generated operating earnings of $846 million in 2012, a more-than-twofold increase thanks to cost- and capacity-cutting initiatives last year. North American sales saw a slight uptick to $9.63 billion even though shipments fell 5 percent to 24.3 million appliances.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here