Mixed scores for Whirlpool - The Herald Palladium : Local News

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Mixed scores for Whirlpool

Earnings decline but profit margins rise

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Posted: Wednesday, October 24, 2012 6:00 am | Updated: 1:38 pm, Thu Apr 24, 2014.

BENTON HARBOR - Whirlpool's third-quarter net earnings of $74 million, or 94 cents per share, dropped 58 percent from $177 million, or $2.27 per share, a year ago. Earnings for the same period last year included big tax credits.

Adjusting for lower Brazilian tax credits and for currency exchange rates, the appliance maker's operating revenue was up 5 percent over a year ago and the company's full-year adjusted earnings outlook is up, Whirlpool's Chairman and CEO Jeff Fettig said.

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