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Whirlpool Corp. said second-quarter net earnings rose 163% to $205 million, or $2.64 per diluted share, compared to $78 million, or $1.04 per diluted share during 2Q 2009.
Sales were $4.5 billion, up 9% from $4.2 billion in the second quarter of 2009. Excluding the impact of foreign exchange translation, the company's second-quarter sales increased approximately 6%.
Second-quarter operating profits were $331 million, compared to $134 million in the prior year.
ApplianceMagazine.com | Whirlpool 2Q Earnings Up 163%
Industry Demand Still Increasing
The NABE report showed job creation trends still improving, with a second quarter of net positive payroll gains. The percentage of firms increasing payrolls increased to 31% - which NABE called a dramatic increase compared to the 6% of one year ago. 14% of firms were cutting jobs in July 2010, down from 36% a year ago.
39% of respondents expect their firms to add employees in the next 6 months - the highest level of hiring intentions since January 2008.
59% of firms reported that the European credit and debt crisis will have no effect on their firm; 35% indicated it will have a negative impact.
ApplianceMagazine.com | Industry Demand Still Increasing
Sales were $4.5 billion, up 9% from $4.2 billion in the second quarter of 2009. Excluding the impact of foreign exchange translation, the company's second-quarter sales increased approximately 6%.
Second-quarter operating profits were $331 million, compared to $134 million in the prior year.
ApplianceMagazine.com | Whirlpool 2Q Earnings Up 163%
Industry Demand Still Increasing
The NABE report showed job creation trends still improving, with a second quarter of net positive payroll gains. The percentage of firms increasing payrolls increased to 31% - which NABE called a dramatic increase compared to the 6% of one year ago. 14% of firms were cutting jobs in July 2010, down from 36% a year ago.
39% of respondents expect their firms to add employees in the next 6 months - the highest level of hiring intentions since January 2008.
59% of firms reported that the European credit and debt crisis will have no effect on their firm; 35% indicated it will have a negative impact.
ApplianceMagazine.com | Industry Demand Still Increasing