“Shortages will be around this industry probably for the entire ’22. However, they start easing,” the Whirlpool CEO said Monday.
Whirlpool missed Wall Street expectations on first-quarter sales and earnings, according to Refinitiv. Shares of the company rose about 2% during extended trading following an initial dip.
Bitzer said that Whirlpool is expanding capacity in the U.S but still expects industry-wide supply shortages to last through the rest of the year. "I still believe in the future of American manufacturing going forward. We're not going to change our mind," he said.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Microstrategy CEO Dispels Rumor of Company Quietly Selling Bitcoin – Featured Bitcoin NewsThe CEO of the Nasdaq-listed company Microstrategy has dispelled the rumor that his company has been quietly selling bitcoin. crypto cryptocurrency $BTC
Lire la suite »
Don't call him CEO: Jack Dorsey says he's 'Block Head' nowTechnology entrepreneur and former Twitter CEO Jack Dorsey has a new title: Block Head.
Lire la suite »
Don't call him CEO: Jack Dorsey says he's 'Block Head' nowTechnology entrepreneur and former Twitter CEO Jack Dorsey has a new title: Block Head.
Lire la suite »
Freshly CEO Anna Fabrega Shares Tips For Establishing Balance When You’re Focused On Your CareerFreshly CEO Anna Fabrega shares advice for establishing balance and prioritizing wellbeing when you're hyper-focused on your career.
Lire la suite »
Twitter in negotiations with Tesla CEO Musk over bid to buy platform: reportsNegotiations apparently are on for Tesla CEO Elon Musk to buy Twitter, with The New York Times reporting the two sides are talking.
Lire la suite »
CenterPoint shareholders rebuke CEO David Lesar’s $38 million compensationIn an unusual move, CenterPoint Energy shareholders on Friday rejected CEO David Lesar’s $38 million compensation package, after a report found it was far higher than chief executives of similar utility companies.
Lire la suite »