The world’s largest maker of home appliances reported a fourth-quarter net profit of $181 million, or $2.26 a share, up from $122 million, or $1.52 a share, a year earlier.
Sales at the maker of Whirlpool, Maytag and KitchenAid appliances rose 6.2 percent to $5.1 billion.
It said sales rose in every region during the quarter except Asia, where they dropped 7 percent, driven lower by a sharp slowdown in demand in India.
Sales were up 9 percent in North America, 8 percent in Latin America and 1 percent in Europe, the Middle East and Africa.
Looking forward, Whirlpool said it expects to report full-year earnings excluding special items in a range of $12.00 to $12.50 a share.
Going into the report, analysts were expecting the company to report full-year earnings excluding special items of $12.26 a share, according to Thomson Reuters estimates. (Reuters)