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Stock Market & Financial Investment News

News Breaks
July 23, 2014
06:15 EDTWHRWhirlpool lowers FY14 ongoing business EPS view to $11.50$12.00
The company had seen FY14 ongoing business EPS of $12.00-$12.50, consensus $12.16.
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April 24, 2015
08:48 EDTWHRWhirlpool volatility increases into Q1 and outlook
Whirlpool May call option implied volatility is at 30, June is at 25, September is at 24; compared to its 26-week average of 27 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 28.
April 21, 2015
17:19 EDTWHRWhirlpool sees $144M in restructuring costs for Italy operations
In a regulatory filing, Whirlpool reports that on April 15, it committed to an industrial plan for Italy to integrate its legacy Italian operations with those of Indesit. These actions are expected to result in the closure of a manufacturing facility in Carinaro and R&D facility in None; the integration of a manufacturing facility in Albacina into a facility in Melano; and certain other headcount reductions in manufacturing facilities in Fabriano, Comunanza and Naples. The company expects that approximately 1,350 full-time positions, most of which were deemed redundant by Indesit prior to the acquisition, will be impacted by these actions. The company expects these actions to be substantially complete in 2018. The company estimates that it will incur up to approximately $101M in employee-related costs, $27M in asset impairment costs, and $16M in other costs in connection with these actions. The company estimates that it will incur a total of approximately $144M in costs as itemized above through 2018 in connection with these actions. The company estimates that approximately $118M of the estimated $144M total cost will result in future cash expenditures. The company has previously reported anticipated restructuring charges of up to $300M for FY15. The actions outlined above are expected to fall within these anticipated charges.
05:12 EDTWHRWhirlpool raises quarterly dividend to 90c per share from 75c per share
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April 16, 2015
13:06 EDTWHRWhirlpool to invest EUR500M in Italian operations over next four years
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April 15, 2015
13:13 EDTWHRWhirlpool near lows, down 0.9% to $194.11
Whirlpool shares are near their lows after the Association of Home Appliance Manufacturers reported lower than expected data on appliance shipments in March, according to contacts.
April 13, 2015
09:17 EDTWHRWhirlpool, Electrolux AB estimates lowered at Longbow
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