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April Appliance Shipments Rise 9.2% From Year Ago

U.S. shipments of major home appliances from manufacturers grew 9.2% in April from a year earlier, as appliance demand continued to draw momentum from an improving housing sector and better consumer confidence.Shipments of washers, dryers, dishwashers, refrigerators, freezers and ranges and ovens rose to 2.8 million units in April from 2.6 million units in April 2012, according the figures released Wednesday by the Association of Home Appliance Manufacturers, a Washington trade group. AHAM's so-called "Big Six" appliance categories expanded by 5.8% in March and 7.8% in February.Overall shipments of appliances, which include smaller items such as garbage disposals, dehumidifers and room air conditioners slipped 0.9% last month, after advancing 11% in March. Since the start of the year, appliance shipments are up 3.4% from last year.The April report provides fresh evidence of sustained growth in a U.S. appliance market that had weakened late last year as consumers grew more cautious abou...

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  1. Big-Appliance Shipments Up 5.8% in March From Year Earlier

    U.S. shipments of major home appliances grew 5.8% during March from a year earlier, providing fresh evidence of a strengthening U.S. housing industry and improving c...

  2. Supreme Court sends back lawsuit on washing machines

    The Supreme Court on Monday wiped out an appeals court ruling in favor of consumers who bought front-loading washing machines made by Whirlpool Corp .The court said ...

  3. Court Sends Back Consumer Lawsuit on Whirlpool Washers

    The Supreme Court on Monday wiped out an appeals court ruling in favor of consumers who bought front-loading washing machines made by Whirlpool Corp (NYSE:WHR).The c...

  4. Should You Buy Whirlpool ?

    FBN’s Charles Payne on whether you should consider Whirlpool stock for your portfolio.

  5. Whirlpool CEO Compensation Up 29% in 2012

    Whirlpool Corp. (NYSE:WHR) said Chairman and Chief Executive Jeff Fettig's 2012 compensation rose 29% on sharply higher cash bonuses linked to the appliance maker's ...

  6. Insight - A casualty of the financial crisis: The corporate palace

    In the past year, defense company SAIC Inc has shrunk the office space it either owns or leases by 306,000 square feet (28,428 sq meters), the size of about five foo...

  7. Whirlpool Reaffirms 2013 Outlook

    Whirlpool (NYSE:WHR) said on Wednesday it will reaffirm its full-year 2013 outlook during upcoming  presentations at investors conferences.Whirlpool, the maker of ho...

  8. Oracle Is Moving Manufacturing Jobs to US From Mexico

    Oracle Corp. (ORCL) is joining the growing wave of companies moving manufacturing jobs back to the U.S.Redwood City, Calif.-based Oracle will move 130 jobs manufactu...

  9. U.S. Household Appliance Shipments Up 1.7% In January Vs Year Ago

    Shipments of major home appliances in the U.S. rose 1.7% in January from a year earlier, providing further evidence of the gradual recovery in the housing market.Shi...

  10. Alternative Investments to Gain from Housing Recovery

    Hennessy Funds CIO Neil Hennessy on the stocks to boost investors’ portfolios.

  11. Electrolux Sees Continued Weakness in Europe as Profits Rise

    Swedish white goods giant Electrolux AB (ELUX-B.SK) Friday said the market situation in Europe is likely to get worse before it gets better as strong volume growth i...

  12. Whirlpool's Core Earnings on Appliances Improve in 4th Quarter

    Whirlpool Corp.'s (WHR) fourth-quarter profit sank 40% from one-time charges, but income from the company's core appliance business expanded as lower costs and highe...

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    Steel prices have slumped this month, setting off a scramble among steelmakers to maintain prices and market share despite a nationwide glut.The rapid price decline,...

  2. Electrolux pins hopes on U.S. as Europe stagnates

    Household appliance maker Electrolux said it hoped a recovering North American market would drive growth this year as Europe is stuck in the doldrums.Sweden's Electr...

  3. Electrolux Sees Continued Weakness in Europe as Profits Fall

    White goods manufacturer Electrolux AB (ELUX-B.SK) Thursday said higher demand in North America failed to offset continued weakening demand for appliances in Europe,...

  4. Whirlpool 1st-Quarter Net Expands On Higher Margins

    Whirlpool Corp.'s (WHR) first-quarter profit soared, as the company continued to refrain from aggressive price discounting in the pursuit of higher profit margins on...

  5. Whirlpool Net Soars on Tax Credits; Revenue Down

    Whirlpool Corp.'s (WHR) first-quarter profit soared as U.S. energy tax credits helped boost the home appliances maker's results, though revenue was below expectation...

  6. Whirlpool Adjusted Income Up 40% in 1Q

    Whirlpool Corp. on Wednesday said first-quarter net earnings rose to $252 million, or $3.12 a share, up from $92 million, or $1.17 a share, in the year-ago period. E...

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    Apple Inc. and Caterpillar Inc. results this week will help determine whether the quarterly earnings season is stuck in a well-worn groove: Companies' bottom-line re...

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