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Posted: Tuesday, 15 July 2014 12:30PM

Whirlpool Second Quarter Earnings Coming Next Week



The world's largest appliance maker will release its second-quarter financial results next week. Benton Harbor-based Whirlpool Corporation will announce the figures on Wednesday, July 23 at 6 a.m. and hold a conference call for investors at 10 a.m. First quarter net earnings were $160 million, or $2.02 per diluted share when announced in April. Fitch Ratings in New York City put Whirlpool on "rating watch negative" this week after the company announced plans to buy controlling interest in a rival Italian company. On Friday, Moody's Investors Service placed a pair of ratings of Whirlpool under review for downgrade after the purchase was announced, with the rationale being it will result in deterioration in operating margins for Whirlpool and an increase in leverage from the purchase.

   

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