Whirlpool Corp.

Whirlpool Corp.

Whirlpool Corp.

Overview
Date Founded

1898

Headquarters

2000 North M-63, Benton Harbor, MI, 49022-2692, USA

Type of Company

Public

Employees (Worldwide)

77K

Industries

Appliances & Electronics
Computer Software

Company Description

Whirlpool Corp. is engaged in manufacturing and marketing home appliances. The company's products include home laundry appliances, home refrigerators and freezers, home cooking appliances, home dishwashers, and room air-conditioning equipment, mixers, and portable household appliances. Its brands include Whirlpool, KitchenAid, Maytag, Consul, Brastemp,Amana, Bauknecht, JennAir, and Indesit. The company operates through the following segments: North America; Europe, Middle East & Africa; Latin America; and Asia. Whirlpool was founded by Emory Upton, Fred Upton, and Louis C. Upton in 1898 and is headquartered in Benton Harbor, MI.

Contact Data
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Executives & Employees

Chairman, President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Senior Vice President-Corporate Affairs & General Counsel

Corporate Secretary & General Counsel

Vice President, Corporate Controller & Principal Accounting Officer

Chief Human Resources Officer

Executive Vice President & President-EMEA Region

President, Whirlpool Latin America

Assistant General Counsel & Corporate Secretary

Executive Vice President-Global Product Organization

Board of Directors

Chairman, President & Chief Executive Officer at Whirlpool Corp.

Senior Operating Partner at The Blackstone Group, Inc.

Managing Partner at Essex Equity Capital Management LLC

Limited Partner at Lead Edge Capital Management LLC

Managing Partner at Eaglepoint Advisors LLC

Chief Financial Officer at Ally Financial, Inc.

President & Director at Armed Forces Benefit Association

Chairman & Chief Executive Officer at Yum! Brands Foundation, Inc.

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Owners & Shareholders
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PRIMECAP Management aims to provide superior long-term investment results by utilizing fundamental research and bottom-up stock picking to construct portfolios. The firm looks for stocks that will outperform the market over a three to five-year horizon. PRIMECAP Management does not have a committee or small group that decides on whether or not to invest in an idea. Each portfolio manager makes an individual decision whether or not to invest in new ideas.

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Greenhaven performs its own research on every security it purchases for clients. Their research normally includes the study of public information (Form 10Ks, annual reports, newspapers, magazines, etc.). The firm's investment strategy is to purchase undervalued securities and then to sell the securities when they become fully or overvalued. While they mainly invest in common stocks, Greenhaven may purchase warrants, convertible or other debt securities, or other types of securities that might serve as a proxy for common stocks. In an account is not fully-invested, Greenhaven may purchase US Treasury Bills or Notes, or other cash equivalents.

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Lyrical Asset Management employs a value investment approach. They believe that a portfolio of companies with low valuations relative to their long-term normalized earnings power will outperform the overall market over time. The firm's philosophy is to invest only in businesses that they believe are of high quality. Investments are limited to publicly-traded equity securities and cash equivalents. Clients may impose restrictions on investing in certain securities or types of securities. Lyrical Asset Management begins with a universe of the top 1,000 US stocks (market-cap around $3 billion), and then uses a proprietary screen to generate investment candidates. The screen estimates a fair price for each stock applying a normalized multiple to an estimate of 5-year forward normalized earnings, which is calculated by taking the historical earnings trend line of a company and consensus estimates for future earnings and statistically extrapolating forward 5 years. Each portfolio candidate/stock idea goes through a fundamental research process. This process is designed to develop an understanding of the business, including drivers of growth and profitability, competitive advantages, position and leverage with customers and suppliers, historical and potential business threats/opportunities, and management style, objectives and incentives. Attractive investment ideas are considered for inclusion in the portfolio. These are companies where Lyrical believes the investment controversy to be temporary, where the underlying business has sufficient quality and durability, and where the discount in the stock price is large enough to compensate for the risks of the investment.

Recent Transactions
Details Hidden

Tamburi Investment Partners SpA (Private Equity) purchases Elica SpA from Whirlpool Corp.

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Whirlpool Corp., Whirlpool of India Ltd. purchase Elica Pb India Pvt. Ltd. from Elica SpA

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Whirlpool Corp. /Amiens Factory/ /Decayaux purchases Whirlpool Corp /Amiens Factory from Whirlpool Corp.

Insider Transactions
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Transaction Advisors
Accountant

Advised onWhirlpool Corp. purchases Brasmotor SA

Legal Advisor

Advised onWhirlpool Corp. purchases Maytag Corp.

Legal Advisor

Advised onTechtronic Industries Co., Ltd. purchases The Hoover Co., Inc. from Whirlpool Corp.

Investment Advisor

Advised onWhirlpool Corp. purchases Maytag Corp.

Legal Advisor

Advised onWhirlpool Corp. purchases Maytag Corp.

Legal Advisor

Advised onTechtronic Industries Co., Ltd. purchases The Hoover Co., Inc. from Whirlpool Corp.

Advisors & Consultants
Legal Advisor

Partner at Sidley Austin LLP

Advisor

Managing Director & Co-Chairman of Investment Banking at Lazard Ltd.

Legal Advisor

Partner at Kirkland & Ellis LLP

Clients

The Home Depot, Inc. engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products, and decor products. It offers home improvement installation services,and tool and equipment rental. The company was founded by Bernard Marcus, Arthur M. Blank, Kenneth Gerald Langone, and Pat Farrah on June 29, 1978 and is headquartered at Atlanta, GA.

Beazer Homes USA, Inc. engages in the design and sale of single-family and multi-family homes. It operates through the following geographical segments: West, East, and Southeast. The West segment includes Arizona, California, Nevada, and Texas. The East segment consists of Delaware, Indiana, Maryland, Tennessee, and Virginia. The Southeast segment includes Florida, Georgia, North Carolina, and South Carolina. The company was founded in 1993 and is headquartered in Atlanta, GA.

What Is Costco? We are a membership warehouse club, dedicated to bringing our members the best possible prices on quality brand-name merchandise. With hundreds of locations worldwide, Costco provides a wide selection of merchandise, plus the convenience of specialty departments and exclusive member services, all designed to make your shopping experience a pleasurable one. The History of Costco The company's first location, opened in 1976 under the Price Club name, was in a converted airplane hangar on Morena Boulevard in San Diego. Originally serving only small businesses, the company found it could achieve far greater buying clout by also serving a selected audience of non-business members. With that change, the growth of the warehouse club industry was off and running. In 1983, the first Costco warehouse location was opened in Seattle. Costco became the first company ever to grow from zero to $3 billion in sales in less than six years. When Costco and Price Club merged in 1993, the combined company, operating under the name PriceCostco, had 206 locations generating $16 billion in annual sales. Our operating philosophy has been simple. Keep costs down and pass the savings on to our members. Our large membership base and tremendous buying power, combined with our never-ending quest for efficiency, result in the best possible prices for our members. Since resuming the Costco name in 1997, the company has grown worldwide with total sales in recent fiscal years exceeding $64 billion

Key Stats and Financials As of 2019
Market Capitalization
$6.76B
Total Enterprise Value
$14.2B
Earnings Per Share
$18.44
Revenue
$20.4B
Net Profit
$1.18B
Total Debt
$5.77B
Total Equity
$4.12B
TEVNet Income
12x
Debt TEV
0.41x
EBITDA
$1.7B
EBITDAMargin
8.33%
Enterprise Value Sales
0.7x
Enterprise Value EBITDAOperating
7.89x
Three Year Compounded Annual Growth Rate Of Revenue
-0.48%
Five Year Compounded Annual Growth Rate Of Revenue
0.55%
Political Donations
$1,000
2014
$1,500
2014
$1,000
2014
Investors
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Advisor at FloWater, Inc.

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Advisor at Binded, Inc.

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General Partner at Doll Capital Management, Inc.

Suppliers
Ryder System, Inc. Consumer Finance | Miami, Florida

Ryder System, Inc. engages in the provision of transportation and supply chain management solutions. It operates through the following segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), Dedicated Transportation Solutions (DTS), and Central Support Services (CSS). The FMS segment offers full service leasing and leasing with flexible maintenance options, commercial rental, and contract or transactional maintenance services of trucks, tractors, and trailers. The SCS segment focuses on the provision of integrated logistics solutions, including distribution, management, dedicated transportation, and professional services. The DTS segment includes turnkey transportation solutions. The company was founded by James A. Ryder in 1933 and is headquartered in Miami, FL.

Tecumseh Products Co. LLC Holding Companies | Ann Arbor, MI

Tecumseh Products Co. engages in the manufacturing and selling of hermetic compressors for air conditioning and refrigeration. It offers reciprocating compressors, rotary compressors, scroll compressors and condensing units. The firm offers specialty air conditioning, household refrigerators and freezers, and commercial refrigeration applications. . The company was founded by Raymond Herrick in 1934 and is headquartered in Ann Arbor, MI.

Smiths Group Plc Industrial Conglomerates | London, United Kingdom

Smiths Group Plc engages in the development, manufacture, and sale of control systems and instruments for industrial applications. It operates through the following business segments: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek. The John Crane segment produces mechanical seals, engineered bearings, power transmission couplings, seal support, and filtration systems. The Smiths Medical segment develops and markets infusions systems, patient airway and temperature management equipment, and devices for in vitro fertilization, diagnostics, and emergency patient transport. The Smiths Detection segment manufactures sensors that detect explosives, narcotics, weapons, chemical agents, biohazards, and contraband. The Smiths Interconnect segment offers electronic and radio frequency components and sub-systems. The Flex-Trek segment includes components that heat and move fluids and gases, flexible hosing and rigid tubing. The company was founded by Samuel Smith in 1851 and is headquartered in London, the United Kingdom.

Competitors
Arçelik AS Appliances & Electronics - Beyoglu, Turkey

Arcelik AS engages in the production, distribution, sales and marketing of consumer durable goods, and consumer electronics. It operates through the following segments: White Goods, Consumer Electronics and Other. The White Goods segment comprises of washing machines, dryers, dish washers, refrigerators, ovens, and cookers. The Consumer Electronics segment includes television, computers, cash registers, and other electronic devices. The Other segment includes home appliances, furniture, and kitchen gadgets. The company was founded by Vehbi Koc on January 21, 1955 and is headquartered in Beyoglu,Turkey.

Sears Holdings Corporation Retail: Other - Hoffman Estates, IL

The North Country alliance is a private-public consortium of economic development organizations, private businesses, utilities, public and private colleges, the media and financial institutions working to grow the economy of New York’s seven-county North Country region. Its role is to offer a single point of access to the resources you need to expand or locate your business in northern New York.

Samsung Electronics Co., Ltd. Other Manufacturing - Suwon, South Korea

Samsung Electronics Co., Ltd. engages in the manufacturing and selling of electronics and computer peripherals. The company operates through following business divisions: Consumer Electronics, Information Technology & Mobile Communications and Device Solutions. The Consumer Electronics business division provides cable television, monitor, printer, air-conditioners, refrigerators, washing machines and medical devices. The Information Technology & Mobile Communications business division offers handheld products, communication systems, computers and digital cameras. The Device Solutions business division comprises of memory, system large scale integrated circuit and light emitting diode. The company was founded on January 13, 1969 and is headquartered in Suwon, South Korea.

Awards & Honors
Rank #134
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #134
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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