Motley Fool: Whirlpool weathers bumpy ride, Buffett words of wisdom and this week's trivia - Dallas News
May 28, 2019A strengthening U.S. dollar is knocking down international sales because of currency translation effects, inflation from raw materials and tariffs is pushing up costs, and weak industry demand in North America is creating challenges in the company's core market. Despite these headwinds, Whirlpool was able to put together a solid first quarter. The company did miss analysts estimates for revenue, but it produced better-than-expected earnings and reiterated its full-year profit expectations. The company generates about $21 billion in annual sales, employs more than 90,000 people and in 2018, boasted 65 manufacturing and technology research centers. Its appliance brands include Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir and Indesit, and it sells its products around the world. Whirlpool operates in a cyclical industry, with its fortunes tied to the prevailing economy. It depends on a strong housing market and strong demand for home renovations. Additional tariffs beyond those already announced could also derail the bottom line. With those risks in mind, even though it might be a bumpy ride, Whirlpool still looks like a solid long-term investment. Its dividend, which recently yielded 3.5%, is likely to keep being paid through economic upturns and downturns.Ask the Fool From N.S. in Gainesville, Fla.: Can you explain what a company's chief financial officer does? The Fool responds: A chief financial officer, such as General Motors' Dhivya Suryadevara, Microsoft's Amy Hood or JPMorgan Chase's Jennifer A. Piepszak, oversees all financial matters, determining the company's current and future financial needs and how to most effectively finance them. The CFO sets and maintains the "capital structure" — the company's mix of debt financing and stock financing. Other duties include overseeing the forecasting and budgeting process, managing relationships with funding sources such as banks, maintaining the company...