Strong financial results for Whirlpool

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WhirlpoolWhirlpool Corporation recorded a third-quarter GAAP net earnings of 235 million dollar, compared to 230 million dollar of the same prior-year period. Net sales in the quarter reached 5.3 billion compared to 4.8 billion dollar of the same prior-year period, an increase of over 9 percent. Excluding the impact of currency, sales increased nearly 25 percent.
Whirlpool North America reported third-quarter net sales of 2.8 billion dollar, unchanged from the same prior-year period. Excluding the impact of currency, sales increased nearly 3 percent.
Whirlpool Europe, Middle East and Africa reported third-quarter net sales of 1.5 billion dollar, compared to 0.8 billion in the same prior-year period, an increase of 85 percent. Excluding the impact of currency, sales increased over 127 percent. «We are pleased with the strong financial results we delivered in the third quarter – said Jeff M. Fettig, chairman and chief executive officer of Whirlpool Corporation – Our operating plans and focused execution delivered another quarter of record revenues, operating profit and earnings in spite of a challenging operating environment in several key emerging markets.»