In a trading statement issued on 2 February, Whirlpool said the favourable factors were partially offset by a higher mix of lower-priced products.
Fourth quarter results also included an expense of $46million due to an accrual related to a previously disclosed legal action over a collection dispute.
“In 2009 we significantly improved our global cost structure and operating performance despite a substantial decline in global demand levels,” said chairman/CEO Jeff Fettig. “In addition, we generated record free cash flow and strengthened our financial position. I am pleased with our execution in this challenging environment and we look to build on our progress in 2010.
