Cost-cutting initiatives help Whirlpool boost '12 income

摘要

Appliance manufacturer Whirlpool Corp. posted global net income of $401 million in 2012, up 2.8 percent from $390 million the previous year despite a 2.8-percent decline in sales to $18.14 billion. Its North American business generated operating earnings of $846 million in 2012, a more-than-twofold increase thanks to cost- and capacity-cutting initiatives last year.