LocalMichiganNationalNewsSouth Bend Market

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.

Related posts

Beckwith concerned over threats, lack of FBI notification

Network Indiana

South Bend Councilman proposes moratorium on new data centers for Earth Day Initiative

Alyssa Foster

Indiana DCS appoints new director

Network Indiana

Leave a Comment