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Wednesday
Feb022011

Whirlpool Reports $171 Million in Earnings for 2010's Fourth Quarter

Photo Courtesy - PRNewsFoto/Whirlpool Corporation(BENTON HARBOR, Mich.) -- Whirlpool Corporation came out with its fourth quarter report Wednesday, announcing earnings of $171 million for the last three months of 2010.

The appliance maker's latest figure nearly doubles the amount the company earned during the same time period in 2009, when it made $95 million.

Whirlpool also reported full year net earnings of $7.97 per share compared to earnings of $4.34 per share during the prior year.

Looking ahead, Jeff M. Fettig, chairman and chief executive officer of Whirlpool Corporation, said, "As we enter 2011, we remain focused on delivering higher margin innovations, realizing significant cost productivity, and achieving profitable growth driven by some recovery in demand in the developed economies and by continued strong growth in many emerging markets."

"In 2011, we expect to expand our operating margins despite significant global inflation and generate good levels of free cash flow and further strengthen our financial position," Fettig added.

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