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Whirlpool not hit by Brexit, most products are not from UK anyway

Staff writer |
Whirlpool reaffirmed its full-year guidance of GAAP earnings per diluted share of $11.25 to $12.00 and ongoing earnings per share of $14.00 to $14.75.

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Whirlpool Corporation plans to announce its second-quarter earnings during the week of July 18.

The company also expects to generate cash provided by operating activities of $1,400 to $1,550 million and free cash flow of $700 to $800 million.

Whirlpool Corporation's business in the United Kingdom represented approximately 5% of the company's global revenues in the 2015 fiscal year. Most of the company's products sold in the U.K. were produced in other European countries.

"Clearly the "Brexit" vote has created a number of uncertainties, many that will take some time to play out," said Jeff M. Fettig, chairman and chief executive officer of Whirlpool Corporation.

"The U.K. is an important country for us and we plan to continue delivering innovative new products in the U.K. and Europe."


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