Whirlpool Corporation is a multinational home appliance manufacturer and marketer, offering a range of products under brands such as Whirlpool, Maytag, KitchenAid, Jenn-Air, and Amana. The company operates globally, with a presence in over 170 countries. Its business segments include North America, Europe, Middle East and Africa (EMEA), Latin America, and Asia, catering to various consumer markets.
The company's removal from the S&P 500 in 2024 can be attributed to several factors. Firstly, the appliance industry faced heightened competition, shifting consumer preferences, and supply chain disruptions, impacting Whirlpool's performance. Consequently, the company experienced declining sales and profits, which led to its exclusion from the index. Additionally, Whirlpool initiated a strategic review to address financial challenges and optimize its operations.
Despite these setbacks, Whirlpool Corporation remains a prominent player in the global appliance market, continually investing in innovation and sustainability initiatives to maintain its market position.