Tag Archives: Keith McLoughlin

Electrolux in Agreement to Buy GE Appliances

Electrolux

STOCKHOLM-Electrolux and General Electric have swung a deal whereby Electrolux will acquire GE’s appliance business for $3.3 billion. According to a joint statement from the two companies, the acquisition—described by Keith McLoughlin, Electrolux’s president and CEO, as “our largest ever”—will close on an unspecified date in 2015. It is expected to bolster Electrolux’s global applianceMore »

Last updated: September 8, 2014

Electrolux Q2 Net Gains 27 Percent

Electrolux

STOCKHOLM-In spite of an overall sales decline, Electrolux bolstered its second-quarter bottom line by 27 percent to SEK815 million (about $124.3 million based on the conversion rate of Swedish kroners to U.S. dollars for the period). Expense controls provided some of the help to the bottom line in the quarter. Selling, general and administrative expensesMore »

Last updated: July 18, 2014

Electrolux Q1 Net Up 19.4 Percent

Electrolux

STOCKHOLM-Despite a relatively low sales gain—including flat sales performance from its North American region—Electrolux recorded a 19.4 percent increase in net income in its first quarter, to SEK431 million (about $66.8 million). Net sales edged up 1.2 percent to SEK25.6 billion (about $4 billion) in the quarter. Keith McLoughlin, Electrolux’s president and CEO, said theMore »

Last updated: April 25, 2014

Electrolux North America Prospers in Fiscal Year, Q4

Electrolux

STOCKHOLM-With demand for major appliances swinging sharply upward, Electrolux North America posted a 52 percent increase in operating income for the fiscal year ending on Dec. 31, to $327.4 million. Net income for the fourth quarter totaled $69.4 million, up 37 percent from the fourth quarter of fiscal 2012. Net sales for the North AmericanMore »

Last updated: January 31, 2014

Electrolux Posts Q2 Gains in North America

Electrolux

STOCKHOLM-Electrolux’s North American business set a record in second-quarter profit of $101 million, up 41 percent over the second quarter of last year. North American net sales totaled $1.3 billion, up 3 percent, in the quarter which ended on June 30. An Electrolux statement attributed the North American performance to improvements in price and productMore »

Last updated: July 19, 2013