Margins have significantly expanded during the global pandemic.
Somewhat surprisingly, sales (and margins) in the EU and Latin America have more than offset tepid sales in North America, but margins were extremely strong in N/A as well.
Yet the North America Segment should pick-up given that September home sales were at a 14-year high.
Whirlpool has grown the dividend at an 11% CAGR over the past 10 years.
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