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Whirlpool Corporation

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Whirlpool’s first-quarter 2016 earnings surged year over year, driven by the company’s sustained focus on cost- and capacity-reduction initiatives, synergies generated from acquisitions, and constant cost productivity. Also, these factors helped the company to witness solid operating margin expansion in the quarter. However, the company’s earnings lagged expectations, with sales missing estimates for the fifth straight quarter, mainly on account of foreign currency woes and weak emerging market demand. The company expects the aforementioned challenges to continue weighing on results. Despite these hurdles, the company reiterated its 2016 earnings view, banking on its constant growth drivers and expectations of stronger volumes in the second half. Further, Whirlpool's strategy of undertaking innovations that helps it tap additional sales and gain market share holds promise.


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