Whirlpool Corp. saw its quarterly sales drop, but the appliances maker told investors too expect a windfall this year from cost cuts and "easing"...
Whirlpool Corp. saw its quarterly sales drop 15%, but told investors to expect a windfall this year from cost cuts and “easing” raw-materials inflation.
Whirlpool... Whirlpool Corp. saw its quarterly sales drop 15%, but told investors to expect a windfall this year from cost cuts and “easing” raw-materials inflation. Whirlpool WHR lost $1.6 billion, or $29.35 a share, in the fourth quarter, contrasting with earnings of $298 million, or $4.90 a share, in the year-ago quarter.Net sales dropped 15% to $4.92 billion, Whirlpool said. That was thanks to a “one-off” supply disruption in North America and demand slowdown, which was offset in part by a “favorable” price mix, the company said.
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