Whirlpool’s second-quarter net income soared 75 percent as demand improved for its appliances and it benefited from some tax credits. The company lifted its full-year earnings forecast Friday and said that it resumed repurchasing shares.
Whirlpool’s encouraging performance comes at a time when the housing market is continuing its recovery. With mortgage rates still low and consumers becoming more confident about the economy, more people are considering home purchases. And once a home is bought this often means that consumers will be shopping for big-ticket appliances that Whirlpool sells, like washers and dryers.
