Whirlpool reported third-quarter net earnings of $196 million for the quarter, compared with net earnings of $74 million, reported during the same period last year.
Sales in the quarter were $4.7 billion compared with $4.5 billion reported during the same period last year. Excluding the impact of foreign currency and Brazilian tax credits, sales increased more than 5%, led by strong growth in North America.
"We continue to execute on the plans we set out at the beginning of the year," said Jeff M. Fettig, chairman and CEO. "Our innovative products and industry-leading brands are driving increased consumer demand and revenue growth. That growth, combined with our actions to increase margins, is translating into record earnings."
Whirlpool North America reported third-quarter sales of $2.6 billion compared with $2.4 billion in the prior year, an increase