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) October 16, 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
------------
(a) On October 16, 2001, the Company announced its third quarter 2001
core earnings of $1.46 per diluted share, reflecting a 49 percent
increase from third quarter 2000. Core earnings per share
increased to $1.46 from $.98 in third quarter 2000, and core
earnings grew to $101 million from $67 million. Core earnings
exclude restructuring and related charges of $11 million after tax
and minority interest, and a charge of $184 million after tax
($300 million pre-tax) for a recall of microwave-hood combination
units in North America. After the restructuring and charges for
the recall, the Company reported a net loss of $94 million, or
$1.40 per share. The Company revised its previous full-year
guidance of a 10-to-15 percent increase in core earnings-per-share
from 2000, and now expects a 5-to-10 percent increase in 2001.
(b) On October 16, 2001, the Company announced a voluntary recall of
approximately 1.8 million Whirlpool, KitchenAid and Sears Kenmore
brand over-the-range microwave-hood combinations. The Company
recorded a charge of $184 million after tax ($300 million pre-tax)
related to the recall.
Item 7. Financial Statements and Exhibits
---------------------------------
Copy of press release dated October 16, 2001 announcing the Company's
third quarter 2001 earnings. See Exhibit A.
Copy of press release dated October 16, 2001 announcing the Company's
voluntary recall of over-the-range microwave hood combinations. See Exhibit B.
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
Date: October 17, 2001 By: /s/ Robert T. Kenagy
-----------------------------
Name: Robert T. Kenagy
Title: Corporate Secretary