Whirlpool passes higher costs to customers

Whirlpool (WHR) reported earnings yesterday and indicated that the company is sticking by its full-year guidance despite increasing cost pressures. WHR has been able to pass some of these costs to its customers through price increases:

“Despite a substantial increase in material and oil-related cost inflation, we are maintaining our full year earnings and cash flow outlook…We have implemented cost-based price increases in many regions around the world, continue to introduce a strong cadence of innovative new products and remain focused on accelerating our cost reduction and productivity improvements to manage higher material cost inflation.”

Whirlpool's stock has made very litle progress since a rapid recovery in 2009

Whirlpool's stock has made very litle progress since a rapid recovery in 2009

Disclosure: author owns WHR

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