Whirlpool Company Information

Whirlpool Company Information & History In 1911, the Upton Brothers (Louis, Frederick, and Emory) created the Upton Machine Company in St. Joseph, MI to produce electric, motor-driven wringer washers. Joined with Sears, Roebuck and Co. in 1916, the Upton-manufactured washers sold faster than the brothers could manufacture them, thus creating the mutually beneficial relationship between Sears and Whirlpool. Since the 1970s, Whirlpool has been a pioneer of energy and water efficiency measures in its research and development practices. Whirlpool continues its long history of being involved with the U.S. Department of Energy and U.S. Environmental Protection Agency ENERGY STAR® program and has been named ENERGY STAR® Partner of the Year seven times. "Whirlpool is delighted to once again be named an Energy Star partner. We succeed as a company by being able to offer our customers a broad range of appliances under a number of brands, many of which are Energy Star qualified. These appliances save money for our customers by lowering their utility bills and help protect the environment," says David L. Swift, Whirlpool’s Executive Vice President for North America. Today the Whirlpool Corporation remains the largest North American supplier of major appliances to Sears under the Kenmore brand. Internationally, Whirlpool is also recognized for energy efficient appliances, as well as for their commitment to environmental packaging, production, and design. Whirlpool is the world’s leading manufacturer and marketer of major home appliances, becoming a trusted household name all over the world. Located in Benton Harbor, MI, Whirlpool’s Corporate Headquarters focuses on the social responsibilities to their community and to the environment. "At Whirlpool Corporation we take our environmental responsibilities very seriously. Just as we have taken a global approach to our home appliance business, we believe our world’s environmental issues must be addressed in a similarly comprehensive way," says Jeff M. Fettig, President, Chairman and CEO of Whirlpool Corporation. Whirlpool also donated a $1 million in cash, products, and services to Hurricane Katrina relief efforts in 2005, and the Whirlpool foundation continues to match generous employee contributions. These contributions include refrigerators, air purifiers, clothes, washers, and dryers. "A tragedy of this magnitude calls for the assistance of able individuals and organizations," says Fettig. "As a company, we are grateful to help relief efforts in the most fitting way possible." With more than 80,000 employees and over 60 manufacturing and technology research centers worldwide, Whirlpool transformed itself from a regional manufacturing and trade-focused business into a global enterprise. The success of Whirlpool’s global business is driven by its ability to truly understand and fulfill customer needs, develop highly innovative solutions, and continuously improve productivity and quality. "Creating unmatched customer loyalty for our brands is the cornerstone of our strategy. This simple idea is based on an in-depth understanding of our customers’ needs, wants, and expectations, so that we can consistently deliver unique, innovative solutions to meet or exceed these expectations," adds Fettig. Customer loyalty lead Whirlpool to years of success with annual sales of more than $19 billion, marketing brands like Maytag, KitchenAid, Jenn-Air, and Amana, to name a few. Based on the continuing success of Whirlpool’s global innovation process, which began in 1999, Whirlpool has introduced unique product innovations to consumers worldwide.

One such innovative product that Whirlpool now offers is the Whirlpool HEPA filter air purifier. Whirlpool’s Energy Star Qualified air purifiers feature charcoal pre-filters to trap odors, True HEPA filters to remove 99.97% of particulate matter, and quiet operation. Using a HEPA filter that only needs to be replaced once a year, the Whirlpool air purifier contains an indicator light which alerts you when it’s time to replace your HEPA air filter. Small and discretely designed, the Whirlpool Quiet Partner® system, included in every air purifier, is the quietest high-efficiency air purifier technology available. Whirlpool air purifiers offer a three-speed fan, allowing you to control the noise level. For more than five decades, Whirlpool has steadily expanded its product line, revenues, and global footprint using innovation and customer commitment. "We are constantly seeking out new and unique ways to improve the function, performance, and sustainability of our products. We want our brands to be the brands customers trust in every home…everywhere," says Fettig. Trust the Whirlpool name and find a Whirlpool air purifier that fits your needs..

Kenco Takes Over Management of 1.6 MSF Whirlpool Facility in Columbus Aug 25, 2008 By: Thomas Peretti, Contributing Correspondent

Kenco Logistic Services L.L.C. has obtained management rights to a Whirlpool distribution center in Ohio. Kenco will assume control over the 1.6 million-square-foot Whirlpool Distribution Center in Columbus, Ohio, upon its opening in October. Kenco will also manage the firm’s existing facility, located within a mile of the new site, and oversee the transition between the facilities. This agreement continues the relationship that Kenco and Whirlpool have had since 1979, when Kenco first began providing the firm with its logistics services. Kenco presently manages over 5 million square feet of Whirlpool facilities. Kenco expects that it will maintain the current employment level of 180 full-time workers and 60 temporary workers in the operation of the state-of-the-art facility. Kenco will rely on the existing employees to help ease the transition as it assumes management of the site. Greg Boring, Kenco’s director of operations noted in a release, “(The workers’) skill, dedication and understanding of Whirlpool's operational needs will allow a seamless transition from the previous management company to Kenco Logistic Services." Kenco is one of the leading firms in the third-party logistics industry. The firm currently manages approximately 90 facilities totaling over 23 million square feet nationwide. Kenco provides logistics services for a variety of Fortune 100 companies, including GlaxoSmithKline and Bristol-Myers Squibb, among others. Kenco Logistic Services is part of the Kenco family of companies, which includes transportation and real estate services

Whirlpool knows emerging markets won't be down-and-out forever Posted Apr 13th 2009 5:20PM by Joseph Lazzaro Filed under: Stocks to Buy

The critical and discerning financial institutions know that on Wall Street the mantra is not, 'better late, than never,' but 'if you're late, then never.' In other words, if you're late to a stock buying opportunity with a company on the rise, you've lost out regarding that opportunity. And with the above in mind, Whirlpool Corporation (NYSE: WHR) is worth a review.

Financial institutions have already started to incrementally add to positions in WHR, which suggests a substantial year-over-year revenue decline for FY 2009 is not likely. Look for FY 2009 revenue to decline, but by about 4-7%, not at a double-digit decline rate. Another positive: Whirlpool's well-known brands and distribution network positions the company to increase market share in emerging markets, once global growth resumes. True, weakness in Latin America, North America, Europe and Asia is expected to continue through much of 2009, but any hint of a recession bottom, particularly internationally, but also in the U.S., will get institutional investors hitting the buy button, hence the time to start this appliance party is now, not in a year. The First Call FY 2009/FY 2010 EPS estimates for WHR are $2.82 to $3.93. Stock Analysis: Whirlpool is a moderate-risk stock. Consider buying a 25% position in WHR now; then buy another 25% in three months, if U.S. economic conditions don't worsen substantially. Under any circumstance, don't buy more than 50% of your WHR position in the first half of 2009. Sell / Stop Loss if you were to buy shares in this company: $17.

Whirlpool of India Ltd. Rs.35.05+Rs.2.60 (+8.01 %) Open

Rs.33.15

Last Traded on

High Low

Rs.35.40 Rs.32.40

52Wk High: 52Wk Low:

Share price details

Apr 20, 2009 Rs.62.70 Rs.22.00

Whirlpool of India Ltd

Year

Jun 03 May 03 Apr 03 Mar 03 Feb 03 Jan 03 Dec 02 Nov 02 Oct 02 Sep 02 Aug 02

High Low Close 22.50 20.60 19.80 18.10 18.80 21.10 22.50 22.50 21.00 23.40 28.30

18.80 16.00 13.90 14.10 16.70 17.00 19.10 17.30 17.30 20.00 22.00

21.40 18.80 16.70 14.80 17.80 17.70 20.20 21.80 18.10 20.70 22.80

P/E high

33.09 30.29 29.04 26.62 27.65 31.03 33.09 31.25 29.17 32.50 39.31

P/E low

27.57 23.53 20.44 20.74 24.56 25.00 28.09 24.03 24.03 27.78 30.56

P/E close

31.40 27.57 24.49 21.76 26.18 26.03 29.71 30.28 25.14 28.75 31.67

Mkt cap.(Rs. cr)

270.87 237.88 211.24 187.77 225.19 224.56 255.64 276.58 229.63 262.62 288.63

Capital Stutare News Release << Back Whirlpool Corporation Reports Fourth-Quarter and Full-Year 2008 Results BENTON HARBOR, Mich., Feb 09, 2009 /PRNewswire-FirstCall via COMTEX/ -- Whirlpool Corporation (NYSE: WHR) announced today that full-year 2008 earnings from continuing operations were $5.50 per diluted share compared to $8.10 per diluted share reported in the same period last year. The company reported annual net sales of $18.9 billion, a decrease of 3 percent from the prior year. Fourth-quarter net earnings decreased 76 percent to $44 million, or $0.60 per diluted share, compared to $187 million, or $2.38 per diluted share reported during the previous year. Sales of $4.3 billion for the quarter decreased 19 percent from the $5.3 billion reported in the fourth quarter of 2007. Excluding the impact of foreign exchange translation, the company's fourth-quarter sales declined approximately 13 percent. Fourth-quarter earnings reflect sharply lower global unit sales and production volumes, higher material and oilrelated costs and unfavorable foreign currency exchange movements compared to the fourth quarter of 2007. The company also recorded $77 million of restructuring costs compared to $15 million in the prior year. Results were also unfavorably impacted by a $32 million product recall expense related to a supplier quality issue. These items were partially offset by an income tax benefit, favorable price/mix, lower incentive compensation and cost reduction initiatives during the quarter. The company's results included $43 million in asset sale gains compared with $24 million of asset sale gains in the previous year. "The severity and scope of the global economic downturn has significantly increased over the last several months and had a significant impact on consumer demand in all parts of the world," said Jeff M. Fettig, Whirlpool Corporation chairman and chief executive officer. "We have moved very quickly to adjust our business to much lower demand levels by significantly reducing costs and production levels while continuing to focus on providing our trade customers with an ongoing cadence of innovation which represents great value to consumers." During the fourth quarter, Whirlpool Corporation accessed its existing $2.2 billion credit facility and is in full compliance with its bank covenants. Given the generally negative and highly volatile global economic climate and the challenges in global credit markets, the company is proactively taking steps to assure its future financial flexibility. The company has initiated discussions with banks to seek additional flexibility within its capital structure. FOURTH-QUARTER REGIONAL REVIEW Whirlpool North America

Fourth-quarter sales of $2.5 billion declined 18 percent from the prior year. Excluding the effects of currency, sales declined approximately 16 percent from the prior year. U.S. industry unit shipments of major appliances (T7)* declined approximately 10 percent. The North America region reported an operating loss of $20 million compared to an operating profit of $175 million in the previous year. Significantly lower sales and unit production levels, unfavorable foreign exchange, product recall costs and higher material and oil-related costs were the primary unfavorable factors affecting the company's fourthquarter operating profit. These factors were partially offset by favorable price/mix, ongoing cost reduction initiatives and a $23 million gain related to the sale of an asset. Based on current economic conditions, the company expects full-year 2009 U.S. industry unit shipments to decline approximately 10 percent from 2008. Whirlpool Europe Whirlpool Europe reported fourth-quarter sales of $938 million, a 16 percent decrease from the prior year. Excluding the effects of currency, sales declined approximately 7 percent from the previous year. Overall industry unit demand during the quarter declined approximately 10 percent from the prior year. Operating profit decreased to $2 million from $73 million reported in the previous year. European results were adversely impacted by unfavorable foreign currency fluctuations, higher material costs and sharply lower production rates during the fourth quarter. Based on current economic conditions in the European region, the company expects full-year 2009 industry unit shipments to decline approximately 8 percent from 2008 levels. Whirlpool Latin America Fourth-quarter net sales declined 26 percent to $777 million. Excluding currency translation, sales for appliances and compressors decreased approximately 14 percent. Sales results reflected sharply lower industry unit demand throughout the Latin American region and in the global compressor operation. Operating profit totaled $110 million in the fourth quarter compared with $156 million in the prior year. The overall results were unfavorably impacted by foreign currency exchange, lower revenues, higher material costs and the non-recurrence of a $15 million asset sale gain recorded in the previous year. These items were partially offset by favorable price/mix and cost reduction initiatives. Full-year results represent record net sales and earnings. In addition, Latin America continued to build upon its industry leading position in both appliance and compressors. Based on current economic conditions in Latin America, the company expects full-year 2009 shipments to be flat to down 5 percent. Whirlpool Asia Whirlpool Asia reported fourth-quarter sales of $140 million, decreasing 10 percent from the prior year. Excluding the impact of currency, sales increased approximately 7 percent predominantly due to higher unit volume and favorable price/mix. Operating profit during the quarter was $3 million compared to an operating loss of $4 million in the prior year. The year-over- year increase in operating profit resulted from higher volume and favorable trends in productivity and product price/mix. These favorable items were partially offset by higher material costs and unfavorable foreign currency exchange. The company expects full-year 2009 industry unit shipments to be flat to down 5 percent from 2008 levels. Outlook For the full-year 2009, Whirlpool Corporation expects earnings per diluted share from continuing operations to be between $3.00 and $4.00. For the full year, the company expects to generate free cash flow** between $300 million and $400 million. The company's earnings and free cash flow projections are based upon our current economic forecasts and business plans. "We expect 2009 economic conditions to be among the most challenging that we have faced," said Jeff M. Fettig, Whirlpool Corporation chairman and chief executive officer. "Significant demand declines, volatile cost and currency levels are expected throughout the year. To succeed in this environment we are aggressively taking additional steps, beyond actions previously announced, to further reduce all areas of cost, production capacity, working capital and capital expenditures. We will continue to have focused investments in new product innovation to further strengthen our branded market position with our consumers." * T7 refers to the following household appliance categories: washers, dryers, refrigerators, freezers, dishwashers, ranges and compactors. ** A reconciliation of free cash flow, a non-GAAP financial measure, to cash provided by continuing operations

appears below under the heading "Cash Flow Reconciliation." 2008 INNOVATIONS The Whirlpool brand launched:

•

The Cabrio steam dryer that uses a combination of mist and heat to naturally steam away tough odors and relax wrinkles.

•

A new French door refrigerator with an external ice and water dispenser with new features, including a caddy for tall bottles and the ability to store a case of beverages.

•

The Whirlpool brand Resource Saver dishwasher system designed to increase tough soil cleaning performance. The Maytag brand in North America launched:

•

The new Maytag Bravos, the first top-load washer to qualify for a CEE Tier III energy rating, the highest efficiency level in the industry.

•

The front-load "Performance Series" laundry pairs available in Crimson, Evergreen, Oxide and White. The series feature faster and more efficient drying; a stainless steel wash basket that remains smooth to protect fabrics; and a water heater with a new NSF Certified Sanitary Cycle to remove at least 99.9 percent of household bacteria. The KitchenAid brand launched:

•

A 72" French door, counter-depth refrigerator, the first in the industry. The refrigerator provides more space while maintaining a built-in look.

•

The industry's first 30-inch, five-burner gas cooktop. Part of the new KitchenAid Architect Series II appliance collection, the new cooktops include both 30- and 36-inch widths, each with five burners.

•

"EQ" dishwashers that provide optimal cleaning performance, enhanced drying performance and noise reduction while also saving water and energy. These exceptionally quiet dishwashers are 56 percent more efficient than federal minimum energy standards. The Jenn-Air brand launched:

•

A new French door refrigerator with an ice and water dispenser in the door.

•

An expanded SteamClean dishwasher line. The SteamClean option provides enhanced soil and spot cleaning when using the normal cycle.

•

A new line of built-in refrigerators featuring an integrated through-the-door ice and water dispenser option, a PUR(R) water filter, storage bins with Advanced Climate Control technology and an enhanced temperature management system. The Amana brand in North America launched:

•

"Clever Combo" cooking centers. This new line of freestanding ranges and over-the-range microwaves combine updated styling with practical features to suit any cooking style and add extra flair to the kitchen.

•

A new traditional top-load laundry pair. The top-load washing machine features antimicrobial component protection and an updated console for a stylish look. The super capacity dryers feature wide-opening, sideswing, reversible doors. The Gladiator GarageWorks brand in North America launched:

•

The "Smart Solutions" series including a golf caddy, ball caddy, project caddy and clean-up caddy. The series is designed to address specific organizational needs of Gladiator brand consumers.

•

A ready-to-assemble Extra Large GearBox to provide ample storage for large, bulky, hard-to-store items. The GearBox is 48" x 72" and is designed to hang from Gladiator Wall Systems or sit on the floor on leveler legs.

•

The Gladiator Claw Advanced Bike Storage device, a first-of-its- kind, easy-to-use wall- or ceiling-mounted bike storage solution. Whirlpool Europe launched:

•

Whirlpool brand AquaSteam dishwashers, which create steam during the wash cycle to offer the best cleaning performance, even on delicate items. The steam feature softens dried-on soil and helps to eliminate bacteria.

•

Bauknecht brand Aqua refrigerator-freezer combinations with in-the-door water dispensing that connects to the main water supply. These refrigerators comply with the European A+ energy efficiency class and are ideal for small kitchens.

•

The KitchenAid bottom mount refrigerator with optional wine cellar. The refrigerator features large, practical shelves and eliminates humidity before it can turn into frost. The wine cellar can hold up to 188 bottles and offers three different temperature settings.

•

A Whirlpool brand Carisma washing machine featuring 6TH SENSE technology to reduce water and energy consumption by 50 percent. The technology allows consumers to simply select the fabric type, and the 6TH SENSE feature recognizes the exact size of the load and adapts resources accordingly.

•

KitchenAid brand major appliances in Belgium, the Netherlands, Luxembourg, Norway, Finland and Germany as part of the brand's continued European expansion. Whirlpool Latin America launched:

•

Brastemp brand You dishwashers and ranges that consumers can customize via the Internet. The appliances can be configured according to the consumers' style and lifestyle preferences. The range is available in nine colors and more than 1,700 option combinations, while the dishwasher is available in eight color choices with more than 800 combination options.

•

Brastemp brand Duet laundry pair. The Duet dryer is the only gas- powered dryer in the Brazilian market, allowing consumers to reduce their power consumption spending.

•

Brastemp brand PLA BABY mini-refrigerators designed specifically for home nurseries. The refrigerators offer convenient, quick- access to milk, juice and fruit. The refrigerators are also very stylish, featuring five distinct and decorative removable face plates featuring animal figures.

•

A line of Consul brand stainless steel appliances designed to provide consumers with stylish appliances at affordable prices. The new stainless steel offering includes two frost-free refrigerators, two ranges and a microwave oven.

•

A Consul brand vacuum cleaner. The product features a retractable telescopic hose, retractable energy cable, an on/off pedal switch, ergonomic handle, and indicator light for bag changes.

•

KitchenAid brand continued its Latin America introduction. KitchenAid brand major and countertop appliances are now offered throughout Brazil.

•

The Whirlpool brand stainless steel no-frost, side-by-side refrigerator in Argentina. The refrigerator is equipped with LCD controls, water dispenser, ice maker and anti-bacteria filter. Whirlpool Asia launched:

•

A Whirlpool brand compact washing machine to fit in small kitchens and bathrooms. The product features 6th SENSE technology which senses the wash load and automatically adjusts water levels and cycle times.

•

Whirlpool brand Genius refrigerators in India featuring an ice maker capable of making ice 30 percent faster and a vegetable drawer designed to keep vegetables fresh for a longer period. The refrigerator also comes equipped with a jumbo bottle rack, antibacterial protection and an extra utility drawer for storing items that do not need to be refrigerated.

•

Whirlpool brand Fusion refrigerators in India featuring an emergency light to provide light equivalent to a 40 watt bulb for two hours during a power outage, and the ability to retain interior temperatures for up to 17 hours during the prevalent power outages in the region.

•

Whirlpool brand Onyx frost-free, top-mount refrigerator in Australia. The large-capacity, energy-efficient refrigerator features a rapid chill freezer compartment, a humidity-controlled crisper drawer to keep foods fresher longer and a Satina finish.

•

Whirlpool brand refrigerators to the Chinese market for the first time.

• 2008 AWARDS AND ACCOMPLISHMENTS •

Whirlpool Corporation was named one of the Top 50 Most Respected U.S. Companies by the Reputation

Institute.

• •

Whirlpool Corporation was named one of the World's Most Ethical Companies by Ethisphere magazine.

•

For the fourth consecutive year Whirlpool Corporation was named to the 2008/2009 Dow Jones Sustainability Index (DJSI), an international stock portfolio that evaluates corporate performance using economic, environmental, and social criteria.

•

Whirlpool Corporation received a score of 100 percent on the Human Rights Campaign's Corporate Equality Index for the sixth consecutive year.

•

Whirlpool brand was named one of the 10 top greenest brands by U.S. consumers, according to a recent BrandWeek magazine survey.

•

Whirlpool Corporation was recognized with its third consecutive ENERGY STAR(R) Sustained Excellence award from the Environmental Protection Agency and the Department of Energy in honor of its outstanding contribution to providing innovative products that help consumers reduce their utility bills and contribute to a reduction in greenhouse gas emissions.

•

Whirlpool Corporation teamed up with Habitat for Humanity(R) to help build nine homes in five days in Dallas as part of the third annual Building Blocks program.

•

Whirlpool Corporation is among the partners of the LEAF House (Life Energy And Future), the first Italian house to be entirely carbon neutral and energy self-sufficient. The LEAF House received Legambiente's (Italy's most authoritative watchdog group on environmental issues) national Innovation Friendly to the Environment award.

•

Whirlpool Europe's Shared Services Center in Ireland was named, for the fifth time, as one of the Top Best 50 Companies to work for in Ireland. This Best Companies study, conducted by Great Place to Work Institute, sets out to identify and recognize the finest employers.

•

In Europe, Whirlpool was named 2008 Manufacturer of the Year, white goods category, by Sirius, one of the largest buying groups in the United Kingdom.

•

Whirlpool Latin America was named the most admired home appliance company, for the 11th consecutive time, by Carta Capital magazine.

•

The Consul brand was selected as the Top of Mind brand in home appliances and home electronics in a survey conducted by Amanha magazine. Previously, the survey recognized the most named refrigerator brand category, in which Consul brand was the title holder for six consecutive years.

•

In Brazil, both Whirlpool and Embraco, Whirlpool Corporation's compressor and cooling solutions business, were named to the Best Company to work for in Brazil list for the 12th consecutive year by Guia Voce S.A/Exame 2008.

•

Embraco was named to the 2008 Stars of Energy Efficiency list by the Alliance to Save Energy (ASE). The award recognizes individuals, companies and government entities working to advance energy efficiency in noteworthy and creative ways.

•

Embraco was elected for the second consecutive year as the Most Innovative Company in the South of Brazil by the Ranking Champions of Innovation 2008.

•

In Brazil, Whirlpool was named the Most Innovative Company by the Ranking Champions of Innovation, promoted by Amanha Magazine and Edusys consulting.

•

In Argentina, the Whirlpool brand was named Top of Mind by Clarin, the newspaper with the largest Spanish circulation in the world.

•

Whirlpool Latin America was granted the ANPEI seal of Innovation by the National Association of Research, Development and Engineering of Innovative Companies. The certification is intended to recognize and identify the companies investing and standing out in the fields of Research, Development and Innovation in Brazil.

•

Whirlpool of India was named one of the Best Companies to Work for in India, according to Business Today magazine.

Whirlpool Corporation was named one of the Best Places to Launch a Career by BusinessWeek magazine.

Cash Flow Reconciliation The table below reconciles actual 2008 and 2007 and projected 2009 cash provided by continuing operations determined in accordance with generally accepted accounting principles (GAAP) in the United States to free cash flow, a non-GAAP measure. Management believes that free cash flow provides shareholders with a relevant

measure of liquidity and a useful basis for assessing the company's ability to fund its activities and obligations. There are limitations to using non-GAAP financial measures, including the difficulty associated with comparing companies that use similarly named non-GAAP measures whose calculations may differ from the company's calculations. As defined by the company, free cash flow is cash provided by continuing operations after capital expenditures and proceeds from the sale of assets/businesses.

(millions of dollars)

Twelve Months Ended December 31 2008 2007

Cash provided by continuing operations Capital expenditures Proceeds from sale of assets/non-Maytag businesses Free Cash Flow

2009 Outlook

$327

$927

$700

- $800

(547)

(536)

(450) - (500)

119

130

50

$(101)

$521

$300

-

100

- $400

Dividund Policy Last 5 Year

Whirlpool(WHR Quote) just announced that its net earnings in the third quarter fell 7% to $163 million, as sales ros 1% to $4.9 billion.

The company said it expected appliance shipments in North America to fall about 10% in 2008, compared with a previous forecast of a 6% to 7% drop. The company is doing well overseas as sales rose 9% in Europe, 22% in Lati America and 11% in Asia. The company will eliminate 7% of its workforce by the end of 2009 because of the weakening global economy.

As for its outlook, the company is revising its full-year earnings lower to a full-year profit of $5.75 to $6 a share, down from its previous forecast of $7 to $7.50. We had removed shares of WHR back on Oct. 6, when shares traded at $71.13. The company has a dividend yield 3.44%, based on last night's closing stock price of $50.03. The consumer spending slowdown is crushing the company here in the states. We think the stock may test technical levels in the $38 to $40 range if the market continues to correct. We would wait to see shares stabilize a bit before jumping in. Whirlpool is not recommended at this time, holding a Dividend.com Rating of 3.1 out of 5 stars

Data as of 04-17-09 Last Close

52-Week Range

5 Year Range

$37.99

$19.19 - $91.87

$19.19 - $118.00

1 Month Range

% Below 52-Week High

% Below 5 Year High

$24.46 - $38.46

58.65

67.81

Total Returns %

Data through 04-17-09 2004

2005

2006

2007

2008

YTD

-2.2

24.0

1.1

0.2

-47.9

-6.5

+/- Industry

0.2

20.0

-3.9

17.9

3.6

-0.1

+/- S&P 500

-11.2

21.0

-12.5

-3.4

-9.5

-2.3

1 Month

3 Month

1 Year

3 Yr Avg

Stock

49.4

-2.9

-51.4

-23.2

-8.9

-2.1

-6.5

+/- Industry

15.3

-1.5

-3.7

6.2

8.0

6.0

-0.1

+/- S&P 500

34.6

-4.7

-14.8

-10.8

-3.7

2.1

-2.3

Stock

Trailing Total Returns

5 Yr Avg 10 Yr Avg

* YTD

*data through 03-31-09

Price/Dividends/Splits

Daily Price History

2005

2006

2007

2008

2009

Dividend History

12-04

12-05

12-06

12-07

12-08

Dividend $

1.72

1.72

1.72

1.72

1.72

Year-end Yield %

2.49

2.05

2.07

2.11

4.16

S&P 500 Yield %

5 Year History

Splits and Dividends

Amount Per Share

02-25-09

Cash Dividend

0.430000

11-12-08

Cash Dividend

0.430000

08-27-08

Cash Dividend

0.430000

05-21-08

Cash Dividend

0.430000

02-22-08

Cash Dividend

0.430000

11-14-07

Cash Dividend

0.430000

08-29-07

Cash Dividend

0.430000

05-16-07

Cash Dividend

0.430000

02-28-07

Cash Dividend

0.430000

11-15-06

Cash Dividend

0.430000

08-24-06

Cash Dividend

0.430000

05-17-06

Cash Dividend

0.430000

03-01-06

Cash Dividend

0.430000

11-10-05

Cash Dividend

0.430000

08-26-05

Cash Dividend

0.430000

05-13-05

Cash Dividend

0.430000

02-24-05

Cash Dividend

0.430000

Growth of $10,000

YTD through 04-17-09

Stock: Whirlpool Corporation Industry: Appliance & Furniture Makers Index: S&P 500

Total Returns %

Stock +/- Industry

2004

2005

2006

2007

2008

YTD

-2.2

24.0

1.1

0.2

-47.9

-6.5

0.2

20.0

-3.9

17.9

3.6

-0.1

+/- S&P 500

-11.2

21.0

-12.5

-3.4

-9.5

Ipos issues made by whirlpool science last 5 Year

Liquidity of whirlpool Whirlpool Corporation Reports Earnings Improvement in Third Quarter Regional Businesses Deliver Solid Results BENTON HARBOR, Mich.--(BUSINESS WIRE)--Oct. 16, 2002--Whirlpool Corporation (NYSE: WHR) today announced 2002 third-quarter net earnings of $101 million compared to a net loss of $94 million in the same period last year. Net earnings per diluted share were $1.46 compared to a net loss of $1.40 per share in the third quarter of 2001. Net sales of $2.8 billion increased 6 percent. Excluding consolidated sales from recent acquisitions of Polar S.A. of Poland and Vitromatic S.A. de C.V. of Mexico, net sales increased 2 percent. Third-quarter core earnings of $112 million increased more than 11 percent compared to $101 million in the third quarter of 2001. Core earnings per diluted share were $1.62 compared to $1.46 in the third quarter last year. "Our regional businesses performed well during the quarter, despite economic pressures and uncertainties worldwide," said David R. Whitwam, Whirlpool's chairman and chief executive officer. "The solid results were driven by the success of our brands and innovation initiatives in the marketplace, such as our Whirlpool brand Duet clothes washer and dryer, and by the benefits of our restructuring initiative and productivity improvements." U.S. appliance industry shipments for the third quarter were nearly 1 percent above the record shipments in the same period last year. The company expects fourth-quarter shipments to increase by approximately 2 percent. "Retailer inventory levels appear to be appropriate to support projections for fourth-quarter sales," Whitwam added. Third-Quarter Earnings Reconciliation The following table reconciles the comparison of 2002 and 2001 third quarter earnings. The core, or non-GAAP, comparison of quarterly earnings excludes restructuring and related charges, and product recall charges. The company believes this additional view of earnings provides shareholders with relevant information about the company's performance.

Third Qtr. 2002 ---------------Earnings EPS --------- ---in millions Net earnings (losses) - GAAP Adjustments to net earnings (after tax): Restructuring and related charges Product recall charges Total adjustments to net earnings Core earnings

Third Qtr. 2001 ---------------Earnings EPS -------- ----in millions

$101

$1.46

$(94)

$(1.40)

11 ----11 -----

0.16 ----0.16 -----

11 184 ----195 -----

0.18 2.68 ----2.86 -----

$112

$1.62

$101

$1.46

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CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (UNAUDITED) WHIRLPOOL CORPORATION FOR THE PERIOD ENDED SEPTEMBER 30 (millions of dollars except share and dividend data) Pro-forma Three Three Months Ended Months Ended ------------------ --------------2002 2001 2002 2001 Net sales EXPENSES: Cost of products sold Selling and administrative Intangible amortization Product recall costs Restructuring costs

$ 2,759

$ 2,594 $ 2,759

$ 2,594

1,988 2,106 1,979 392 437 392 7 1 7 300 3 5 --------- -------- -------- -----2,560 2,692 2,544 2,378 --------- -------- -------- -----199 (98) 215 216

OPERATING PROFIT (LOSS)

2,114 442 1

OTHER INCOME (EXPENSE): Interest and sundry income (expense) Interest expense

(39)

(15) (41)

(39)

(15) (41)

--------- -------- -------- -----EARNINGS (LOSS) BEFORE INCOME TAXES AND OTHER ITEMS Income taxes

160

(154)

176

160

56

(64)

61

55

--------- -------- -------- -----EARNINGS (LOSS) BEFORE EQUITY EARNINGS AND MINORITY INTERESTS 104 (90) 115 105 Equity in earnings (loss) of affiliated companies Minority interests NET EARNINGS (LOSS)

(3)

(1) (3)

(3)

(1) (3)

--------- -------- -------- -----$ 101 $ (94) $ 112 $ 101 ========= ======== ======= ======

Per share of common stock: Basic net earnings (loss) Diluted net earnings (loss) Dividends declared

$ 1.48 $ (1.40) $ 1.64 ========= ======== =======

$ 1.50 ======

$ 1.46 $ (1.40) $ 1.62 ========= ======== ======= $ .34 $ .34 $ .34 ========= ======== =======

$ 1.46 ====== $ .34 ======

Credit rating of the company. Standard & Poor's Ratings Services said it revised its outlook on home appliance manufacturer Whirlpool Corp. to stable from negative. At the same time, Whirlpool's 'BBB+' corporate credit rating was affirmed. The outlook revision reflects Whirlpool's ability to maintain a moderate financial profile and credit protection measures despite global pricing pressures, fluctuating demand, and rising operating costs. "The ratings reflect Whirlpool Corp.'s global leadership position in the mature and concentrated appliance industry, offset by exposure to economic fluctuations in key international markets and the U.S.," said Standard & Poor's credit analyst Jean C. Stout. Benton Harbor, Mich.-based Whirlpool continues to maintain the leading market share in several appliance categories across a number of different geographic regions. The company's international sales and manufacturing capabilities provide geographic diversity. Still, uncertain economic conditions worldwide have weakened demand and continued to pressure pricing. Moreover, the changing dynamics of the U.S. appliance retail environment, including the growing importance of home improvement centers Home Depot Inc. and Lowe's Cos. Inc., remain a concern because competition and pricing pressures are likely to intensify. As a result, the company's ongoing need for product innovation will become even more important. Nevertheless, and despite weak global economic conditions, Whirlpool's net revenues increased by about 9% (excluding acquisitions) for the three months ended Sept. 30, 2003, compared with the same period last year. The sales increase was driven primarily by higher demand for the company's products and an improved product mix in the key North American market. Still, Whirlpool's margins were pressured by increased pension and post-retirement benefits, the negative currency impact on imported product to North America, and lower demand and higher material costs in Latin America that were not offset by manufacturing productivity gains and past restructuring efforts. Nonetheless, credit protection measures were the same as those at year-end 2002. Indeed, for the 12 months ended Sept. 30, 2003, Whirlpool's funds from operations to debt (adjusted for operating leases) was about 45%, with debt to EBITDA at 1.4x. The rating incorporates some flexibility for select acquisitions or share repurchases.

Income Statement As on( Months ) Profit / Loss A/C Net Sales Operating Income (OI) OPBDIT OPBDT OPBT Non-Operating Income Extraordinary/Prior Period Tax Profit after tax(PAT) Cash Profit Dividend-Equity Balance Sheet As on Assets Gross Block Net Block Capital WIP Investments Inventory Receivables Other Current Assets Balance Sheet Total(BT) Liabilities Equity Share Capital Reserves Total Debt Creditors and Acceptances Other current liab/prov. Balance Sheet Total(BT)

31-Mar-07(12) 31-Mar-06(12) 31-Mar-04(15) Rs mn %OI Rs mn %OI Rs mn %OI 14761.21 98.93 12522.14 94.59 13909.33 97.59 14921.26 100.00 13238.20 100.00 14252.11 100.00 632.59 4.24 146.40 1.11 491.69 3.45 469.18 3.14 -33.49 -0.25 129.42 0.91 -58.22 -0.39 -535.64 -4.05 -483.81 -3.39 1.86 0.01 2.33 0.02 -17.61 -0.12 30.00 0.20 183.87 1.39 165.02 1.16 26.80 0.18 31.53 0.24 0.10 0.00 -53.16 -0.36 -380.97 -2.88 -336.50 -2.36 474.24 3.18 121.18 0.92 276.73 1.94 0.00 0.00 0.00 0.00 0.00 0.00

31-Mar-07 Rs mn %BT 6118.10 70.85 2778.08 32.17 132.71 1.54 0.00 0.00 2515.74 29.13 756.42 8.76 2452.59 28.40 8635.56 100.00 Rs mn %BT 1268.72 14.69 -1256.68 -14.55 3799.45 44.00 3294.71 38.15 1529.36 17.71 8635.56 100.00

31-Mar-06 Rs mn %BT 5972.19 73.26 2977.22 36.52 36.92 0.45 0.00 0.00 1977.79 24.26 1091.05 13.38 2068.77 25.38 8151.75 100.00 Rs mn %BT 1268.72 15.56 -1373.85 -16.85 3968.55 48.68 2750.10 33.74 1538.24 18.87 8151.75 100.00

31-Mar-04 Rs mn %BT 5715.16 63.05 3331.57 36.75 44.50 0.49 0.11 0.00 1499.65 16.54 2124.73 23.44 2064.43 22.77 9064.98 100.00 Rs mn %BT 1268.72 14.00 146.56 1.62 4107.06 45.31 2270.77 25.05 1271.87 14.03 9064.98 100.00