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News Breaks
July 23, 2014
09:55 EDTWHRWhirlpool sees FY14 free cash flow $600M-$650M
Sees strong, new innovative product launches in 2H14 in its North America operations. Says sees positive trends in industry growth in its North America operations. Says sees continued slow market recovery in its Europe, Middle East and Africa operations. Says sees improved product price and mix in that segment along with cost and capacity-reduction initiatives in that segment. In regards to the company's Latin America operations, it sees market share gains, ongoing cost productivity and new product launches. In the company's Asia operations, it sees ongoing cost productivity, new product launches and previously announced price increases to offset inflation and currency. Says investment and anticipated integration costs of the Hefei Sanyo acquisition will negatively impact 2014, but the company continues to believe this transaction will be "meaningful and accretive" in the first year post integration. Says "well positioned for improving global demand. Expects to grow beyond its core businesses. Says Indesit and Hefei Sanyo acquisitions are on track. Says confident in delivering FY14 performance. Sees previously announced price increases to offset inflation and currency. Comments taken from slides of the company's Q2 earnings conference call presentation.
News For WHR From The Last 14 Days
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May 21, 2015
07:16 EDTWHRLongbow to hold a conference
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May 20, 2015
13:41 EDTWHRItaly says Whirlpool's plan to cut nearly 2,000 jobs 'disgraceful,' Reuters says
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10:22 EDTWHRWhirlpool backs view of up to $300M in restructuring charges in FY15
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May 19, 2015
13:11 EDTWHRWhirlpool strength attributed to favorable AHAM industry data
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May 18, 2015
14:01 EDTWHRWhirlpool enters agreement to acquire American Dryer Corporation
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May 15, 2015
16:28 EDTWHRAppaloosa Management gives quarterly update on stakes
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09:03 EDTWHRBofA/Merrill says to buy Home Depot, Lowe's and Whirlpool
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