CONFORMED COPY
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------------------------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 17, 2001
WHIRLPOOL CORPORATION
-----------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 1-3932 38-1490038
-------------------------------------- -------------------------- --------------------------------------
(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification No.)
2000 M63 North, Benton Harbor, Michigan 49022-2692
---------------------------------------------------------------------------
(Address of principal executive officers) (Zip Code)
(616)-923-5000
-----------------------------------------------------------
Registrant's telephone number, including area code
Item 5. Other Events
------------
On July 17, 2001, the Company announced its second quarter 2001 core
earnings of $1.30 per diluted share, reflecting an 18 percent improvement from
first quarter 2001.
Core earnings were $88 million, or $1.30 per diluted share, compared to
$121 million, or $1.66 per diluted share in second quarter 2000, which was a
record quarter of earnings for the company. Core earnings for the quarter
exclude restructuring and related charges of $14 million after tax and minority
interest, and a one-time loss from discontinued operations of $21 million after
tax. Reported net earnings for the quarter were $53 million, or $0.78 per
diluted share. Net sales of $2.6 billion were level with the prior year
quarter--up 4 percent absent currency translations.
Year-to-date core earnings were $162 million, or $2.40 per diluted share,
compared to $233 million, or $3.18 per diluted share in 2000. Year-to-date core
earnings exclude restructuring and related charges of $55 million after tax and
minority interest, a one-time loss from discontinued operations of $21 million
after tax, and a one-time gain relating to the adoption of SFAS No. 133 of $8
million after tax. Year-to-date reported net earnings were $94 million, or $1.39
per diluted share. Year-to-date net sales were $5.1 billion, down 1 percent from
the prior year period--up 2 percent absent currency translations.
Item 7. Financial Statements and Exhibits
---------------------------------
Copy of press release dated July 17, 2001.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
WHIRLPOOL CORPORATION
Registrant
Dated: July 18, 2001 By: /s/ Robert T. Kenagy
--------------------------
Name: Robert T. Kenagy
Title: Corporate Secretary