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An electric stove, electric cooker or electric range is a stove with an integrated electrical heating device to cook and bake. Electric stoves became popular as replacements for solid-fuel (wood or coal) stoves which required more labor to operate and maintain. Some modern stoves come in a unit with built-in extractor hoods.
It was created in 1975 when White Consolidated Industries bought the Westinghouse Electric Corporation's major appliance business. White Consolidated Industries was in turn acquired by Electrolux in 1986. [2] [3] Electrolux made White-Westinghouse branded appliances as recently as 2006. [citation needed]
A "drop-in range" is a combination stovetop-and-oven unit that installs in a kitchen's lower cabinets flush with the countertop. Most modern stoves come in a unit with built-in extractor hoods. Today's major brands offer both gas and electric stoves, and many also offer dual-fuel ranges combining a gas stovetop and an electric oven.
In 1997, the company was purchased by Goodman Global (now part of Daikin North America), a heating-and-cooling manufacturer which sold it to Maytag (now part of Whirlpool) in 2002. [2] Goodman still owns Amana's air conditioner and furnace division, and Amana home appliances are now owned and manufactured by the Whirlpool Corporation. [3]
Whirlpool Corporation is an American multinational manufacturer and marketer of home appliances headquartered in Benton Charter Township, Michigan, United States. [2] In 2023, the Fortune 500 company had an annual revenue of approximately $19 billion in sales, around 59,000 employees, and more than 55 manufacturing and technology research centers globally.
October 24, 2024 at 12:37 PM. When a stock is as unloved as Whirlpool ... Hitting these numbers would put the stock at 9.3 times earnings and 12.3 times FCF, based on the current price. Those are ...