In this section of the Whirlpool Corporation News Release Archive, you'll find our news releases. The releases are listed in chronological order and are archived by year.
-- The Company delivered strong global net earnings margin expansion of 310 basis points (GAAP) driven by a gain on the sale of the Embraco compressor business, favorable price/mix, and cost reduction actions. On an ongoing basis (non-GAAP), the Company delivered solid EBIT(2) margin expansion of 100 basis points, excluding the gain on the sale of the Embraco compressor business.
- GAAP net earnings were $67 million, or $1.04 per diluted share, compared to $(657) million, or $(9.50) in the same prior-year period. Non-cash items negatively impacted prior-year results.