Dublin, May 15, 2025 (GLOBE NEWSWIRE) -- The "United States Wine Cooler Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033" report has been added to ResearchAndMarkets.com's offering.The United States wine cooler market size was around USD 332 million in 2024 and is expected to grow to around USD 522.3 million by 2033, with a compound annual growth rate (CAGR) of 5.17% during the period from 2025 to 2033 The growth is fueled by rising wine consumption in American homes, prompting ...

BENTON HARBOR, Mich., May 13, 2025 /PRNewswire/ -- Whirlpool Corporation (NYSE: WHR) announced today that it will participate in the J.P. Morgan 18th Annual Homebuilding & Building Products Conference on May 20th at 2:00 p.m. ET at 383 Madison Avenue, New York City. Presenting for Whirlpool Corporation will be Jim Peters, Executive Vice President and Chief Financial and Administrative Officer.The Company invites investors and the general public to view the webcast of the fire side chat, which will be availa ...

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Past performance is not an indicator of future performance. This post is illustrative and educational ...

During Whirlpool's (WHR -0.44%) first-quarter earnings call in late April, CEO Marc Bitzer said he believes his company will be a "net winner of a new tariff policy." He has a strong case for thinking so, and it looks likely the appliance maker has real potential to see better days ahead. That said, is the stock worth buying now? And how sustainable is its dividend, which at the current share price yields a hefty 9.2%? Near-term headwinds, longer-term tailwinds Matters could get worse for Whirlpool before t ...

The 6.8% dividend yield of UPS (UPS 1.80%) stock and the 9.1% dividend yield of Whirlpool (WHR 2.87%) stock are obviously attractive for passive income-seeking investors. However, there's no such thing as a free lunch, and their yields reflect some doubt in the marketplace around the sustainability of their dividends. That said, which stock is better, and what risks do you need to know about before buying the stock?Whirlpool stock analysis (9.1% dividend yield)Both Whirlpool's and UPS' shares are down heavi ...

BENTON HARBOR, Mich., April 29, 2025 /PRNewswire/ -- Whirlpool Foundation and The Washing Machine Project won the gold award for Best Employee Engagement Initiative at the 2025 Engage for Good Halo Awards. Whirlpool Corp.'s Rosa Skinner and The Washing Machine Project's Navjot Sawhney accept the gold award for Best Employee Engagement Initiative at the 2025 Engage for Good Halo Awards. Whirlpool Foundation formally announced its support of The Washing Machine Project in April 2024. In the past year, hundred ...

Whirlpool Corporation (WHR) posted dismal first-quarter fiscal 2025 results, wherein both the top and bottom lines missed the Zacks Consensus Estimate and declined on a year-over-year basis.Amid an uncertain macro environment that pressured consumer confidence and demand across key markets, Whirlpool delivered a notable margin expansion, driven by strategic pricing actions and disciplined cost takeout initiatives. This performance reinforces the company’s commitment to sustainable growth and consistent valu ...

Scott Cartwright Good morning, and welcome to Whirlpool Corporation's first quarter 2025 earnings call. Today's call is being recorded. Joining me today are Marc Bitzer, our Chairman and Chief Executive Officer, and Jim Peters, our Chief Financial and Administrative Officer. Our remarks today track with the presentation available on the Investors section of our website at whirlpoolcorp.com. Before we begin, I want to remind you that as we conduct this call, we will be making forward-looking statements to as ...

Whirlpool (WHR) Q1 2025 Earnings Call April 24, 2025 02:59 PM ET Company Participants Scott Cartwright - Head of Investor RelationsMarc Bitzer - CEO & Chairman of The BoardJames Peters - Executive VP, Chief Financial & Administrative Officer and President of Whirlpool AsiaLaura Champine - Director of ResearchSam Darkatsh - Managing DirectorMichael Rehaut - Executive DirectorDavid Macgregor - PresidentMichael Dahl - Managing DirectorEric Bosshard - CEO Conference Call Participants Susan Maklari - Senior Equi ...

Financial Performance - Net sales for Q1 2025 were $3,621 million, a decrease of 19.4% compared to $4,490 million in Q1 2024[17] - Gross margin for Q1 2025 was $607 million, down from $642 million in Q1 2024, reflecting a decline of 5.5%[17] - Operating profit improved to $184 million in Q1 2025, compared to a loss of $116 million in Q1 2024[17] - Net earnings available to Whirlpool for Q1 2025 were $71 million, a significant recovery from a loss of $259 million in Q1 2024[17] - Basic net earnings per share for Q1 2025 were $1.29, compared to a loss of $4.72 per share in Q1 2024[17] - Total net sales for the three months ended March 31, 2025, were $3.621 billion, down from $4.490 billion for the same period in 2024, representing a decrease of approximately 19.4%[50] - The company reported a comprehensive loss of $112 million for the first quarter of 2025, which included currency translation adjustments and cash flow hedges[106] - The net earnings for the first quarter of 2025 were $71 million, a significant recovery from a net loss of $259 million in the same period of 2024[108] Assets and Liabilities - Total assets increased to $16,514 million as of March 31, 2025, up from $16,301 million at the end of 2024[19] - Total current liabilities rose to $7,534 million as of March 31, 2025, compared to $7,323 million at the end of 2024[19] - Cash and cash equivalents decreased to $1,024 million at the end of Q1 2025, down from $1,275 million at the end of 2024[21] - The outstanding amount for the term loan at March 31, 2025, is $1.5 billion, with a maturity date of October 31, 2025[59] - As of March 31, 2025, the total notes payable amounted to $619 million, a significant increase from $18 million at December 31, 2024, primarily due to the issuance of commercial paper[67] - The company has committed credit facilities totaling $3.5 billion and $1.5 billion in term loans, with additional facilities in Brazil and India providing borrowings of approximately $186 million and $173 million at March 31, 2025, and December 31, 2024, respectively[65][66] Cash Flow and Operating Activities - The company reported cash used in operating activities of $721 million for Q1 2025, an improvement from $873 million in Q1 2024[21] - The company expects to generate cash from operating activities of approximately $1 billion and capital expenditures of about $450 million for the full year 2025[200] Restructuring and Costs - Total restructuring charges for the first quarter of 2025 amounted to $10 million, compared to $23 million in the same period of 2024[114] - The company incurred $21 million in total costs related to workforce reduction plans, with $14 million attributed to employee termination costs[112] - The MDA North America segment reported restructuring charges of $6 million for the first quarter of 2025, up from $4 million in the same period of 2024[114] Investments and Equity - The carrying amount of the investment in Beko Europe decreased from $74 million as of December 31, 2024, to $59 million as of March 31, 2025, while the carrying amount for Whirlpool China increased from $191 million to $193 million in the same period[41] - The company holds a 25% equity interest in Beko following the disposal of its European major domestic appliance business[102] - As of March 31, 2025, Whirlpool's total stockholders' equity decreased to $2.829 billion from $2.933 billion at the end of 2024, reflecting a comprehensive loss of $34 million[105] Market Conditions and Risks - The company is facing a global shortage of certain components, such as semiconductors, and input cost inflation due to various geopolitical factors[205] - The recent trade policy and tariff actions by the U.S. government have increased the cost of certain raw materials and components, creating significant uncertainty for the business[204] - The company has filed petitions alleging violations of trade laws by competitors, resulting in extended antidumping duties on certain large residential washers from China and Mexico[202] Legal and Compliance - The company is currently involved in various legal actions, including class action lawsuits, but management believes these will not have a material adverse effect on financial statements[81] - The company has received tax assessments related to BEFIEX credits totaling approximately 2.4 billion Brazilian reais (approximately $420 million) as of March 31, 2025, which are being disputed[71] Dividends and Share Repurchase - The company declared dividends totaling $97 million in the first quarter of 2025, compared to $94 million in the same period of 2024[105] - The share repurchase program has approximately $2.5 billion remaining as of March 31, 2025, with no shares repurchased during the first quarter of 2025[109] Future Outlook - The company anticipates delivering over $200 million in cost take out and expanding margins in 2025 despite a challenging macro environment[135] - The company expects flat industry demand in North America and a growth of 0-3% in Latin America, with Asia expected to grow by 3-5%[200]