Whirlpool Looks Homeward With $300M Push In America

Naming your company after a spinning vortex sounds cool until your stock follows it down the drain. Amid a sluggish housing market and tepid consumer demand, home appliance giant Whirlpool has plunged over 60% in just five years. With much of that drop unfolding YTD, Whirlpool is now doubling down as regulatory changes could finally shift its fortunes.
Spin & win: Notably, rose as much as 1.7% Wednesday after announcing a $300M Ohio expansion. As part of a $6B initiative for US growth, innovation, and jobs, this stint aims to increase capacity for next-gen washers and dryers. The benefits carry across the supply chain as Whirlpool reports this latest investment supports 5K+ jobs since 96% of its steel is sourced domestically. Sometimes staying close to home is what it takes to keep things spinning smoothly.