YTD Performance: +78%
Whirlpool (NYSE:WHR) is one of the most recognizable appliance manufacturers in America, but it’s also a global powerhouse that operates all over the world.
Whirlpool saw much better days back before the recession when consumer spending was strong. However, revenue has finally started to challenge fiscal 2008 levels once again. And more importantly, profits actually have been keeping pace, too, despite softer international sales.
In fact, U.S. sales are so brisk that in February, WHR reported a 20% jump in profits thanks to cost-cutting, and the company boosted its fiscal 2012 forecast as a result. That higher outlook was reaffirmed this summer, and the company is on track for a very strong year.
It’s also worth noting that a secular recovery in housing could bode well for Whirlpool, as folks with new places to live might be buying new appliances to go in them.