Good financial results for Whirlpool

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During the fourth-quarter of the last year, Whirlpool Corporation recorded GAAP net earnings of 180 million dollar, compared to 81 million, reported for the same prior-year period. Ongoing business earnings per diluted share totaled 4.10 dollar compared to 3.52 in the same prior-year period, driven, according to the company, by acquisition synergies, benefits of cost and capacity-reduction initiatives, ongoing cost productivity and improved price/mix. Net sales in the quarter were 5.6 billion dollar compared to 6.0 billion during the same prior-year period. Excluding the impact of currency, sales increased by 4 percent. For the full year, GAAP net sales for 2015 were 20.9 billion dollar compared to 19.9 billion in 2014. Excluding the impact of foreign currency, sales increased by 18 percent. GAAP operating profit totaled 1.3 billion, compared to 1.2 billion in 2014. Full-year ongoing business operating profit totaled 1.6 billion dollar, or 7.5 percent of sales, compared to 1.5 billion, or 7.4 percent of sales, in 2014.