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Whirlpool coming off a lean quarter but expects a cost-cutting windfall

(Photo/Kim Closson)

Southwest Michigan’s Whirlpool Corporation had a mixed 4th quarter, but reports that they’re seeing a windfall from cost cuts.

Quarterly sales dropped 15 percent, but Whirlpoot assured investors that they can expect a windfall from cost cuts and and easing of raw-materials inflation. MarketWatch reports that those bottom-line moves will result in a benefit of either $800 or $900 million in 2023.

Whirlpool says they are “well-positioned” to have a great year. The appliance maker says the supply chain disruption in North America, coupled with a slowdown in demand, was offset by a favorable price mix.

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