Whirlpool Corp., the Benton Harbor, Mich., appliance maker reported sales of $4.4 billion for its first fiscal quarter, a 3% rise over sales of $4.3 billion in the first quarter of 2010. Earnings for the worldwide manufacturer were $169 million for the quarter, compared with $164 million a year ago.
"Our first-quarter results reflect our ongoing cost reduction efforts and continued innovation investments, which helped to mitigate significant material cost inflation," said Jeff Fettig, chairman and CEO of Whirlpool Corp.