While numerous reports of positive earnings pushed the Dow Jones past 13,000 for the first time, the NYSE Composite is reaching new highs as it strives for the 10K mark. Among those reaping profits is Whirlpool Corp. Their first quarter net earnings were up $6 million from the same period last year to $124 million. The company's $2.7 billion acquisition of Maytag Corp. last year was the major factor in a 24% increase in net sales to $4.4 billion.
On the Maytag acquisition, Whirlpool chairman and CEO James Fettig says, "We have successfully completed the most critical portions of our integration plans, divested several businesses, executed plans to revitalize Maytag's product offering and significantly reduced our post-acquisition debt."
Go to the press release from Whirlpool
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