Our Global Position
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Joe Liotine, EVP and President,
Whirlpool North America
North America
We delivered very strong margin expansion, overcoming a volatile macroeconomic environment and soft industry demand. Our focus on strong price/mix execution, disciplined cost takeout and continuous improvement across every aspect of our business has resulted in nine consecutive quarters of margin expansion. We are proud of the impactful innovation we are delivering to our consumers in their kitchens and laundry rooms. The region is well-positioned to build on the strong momentum generated over the past several years.
We once again delivered very strong operational results, overcoming a challenging and volatile macroeconomic environment, further demonstrating the fundamental strength and resilience of our business.Joe Liotine, EVP and President,
Whirlpool North America
João Brega, EVP and President,
Whirlpool Latin America
Latin America
In Latin America, we delivered solid organic revenue growth as we began to experience signs of demand recovery in Brazil. We executed on our price/mix initiatives and delivered strong growth in our direct-to-consumer business while offsetting significant currency volatility in Brazil and Argentina and industry demand weakness in Mexico. Lastly, we successfully executed the planned sale of our compressor business in July 2019 as we strategically focus on investing in and growing our consumer-facing business. Our strong brands and continued commitment to innovation position us well to deliver exceptional results.
We are very excited to see continued growth in our business with signs of demand recovery in Brazil. All of this while successfully executing the sale of our compressor business.João Brega, EVP and President,
Whirlpool Latin America
Gilles Morel, EVP and President,
Whirlpool EMEA
EMEA
We have made significant progress in restoring profitability in EMEA and delivered on our previously announced actions to refocus and right-size our business in the region. We exited unprofitable businesses, reduced fixed costs and continued to stabilize volume, with share gains in key countries. Our marketplace investments focused on our most profitable segments to ensure that we not only drive higher volumes, but also capitalize on new product innovation and strengthen our relationships with our trade customers. Our 2019 results provide strong momentum heading into 2020 and keep us firmly on track to deliver on our long-term goals.
Our highly engaged teams executed our strategic actions, delivering strong progress toward restoring profitable growth in the region.Gilles Morel, EVP and President,
Whirlpool EMEA
Sam Wu, EVP and President,
Whirlpool Asia
Asia
Our India operations continue to deliver very strong results demonstrating top-line growth, margin expansion and share gains. These results were offset by a very challenging industry demand environment in China and continued investments in our Whirlpool brand. As a result of our planned brand investments, we are seeing positive Whirlpool-branded share growth in the region. As we turn to 2020, our teams in Asia are focused on driving growth and margin expansion.
We are very pleased to have delivered double-digit growth and margin expansion in India while also growing our branded share in Whirlpool China.Sam Wu, EVP and President,
Whirlpool Asia
