increased 45 percent versus the year-ago period to $3.3 billion,
reflecting the revenue contribution from the acquisition of
Maytag. Excluding the acquisition impact, sales increased
approximately 4 percent.
Whirlpool Corporation announced
record 2006 third quarter net sales of $4.8 billion, an increase
of 35 percent from 2005. The increase primarily reflects the
acquisition of Maytag Corporation. Excluding the Maytag
acquisition, net sales increased approximately 8 percent.
"Global industry demand was in-line with our expectations and is
evolving as previously anticipated," said Jeff M. Fettig,
Whirlpool Corporation's chairman and chief executive officer.
"Given recent trends, we continue to expect moderate global
industry unit shipment growth during the second half of the year
and anticipate global industry growth of 1-to-2 percent in
Fettig added, "The integration of Maytag continues to progress
well at an accelerated pace and is proceeding as expected."
Whirlpool North America operations delivered record third
quarter revenue. Sales increased 45 percent versus the year-ago
period to $3.3 billion, reflecting the revenue contribution from
the acquisition of Maytag. Excluding the acquisition impact,
sales increased approximately 4 percent. Industry unit shipments
of major appliances declined approximately 1 percent during the
Based on current economic conditions, the company expects
full-year industry unit shipments in 2006 to increase
approximately 1 percent.
"We begin ramping down Maytag laundry production at two acquired
facilities during the fourth quarter and simultaneously begin
transferring production to our Clyde, and Marion, Ohio
locations. Our integration plans remain on track," said Fettig.
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