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Maytag Corporation

Industry: Tools Appliances

For the thirty nine weeks ended 1 October 2005, Maytag Corporation's revenues increased 3% to $3.66B. Net loss from continuing operations for the period totaled $7M vs. an income of $4.8M. Revenues benefited from increased sales of major appliances and higher revenues from service operations. Net loss reflects a 10.5% decrease in gross profit due to lower production volume that adversely impacted factory overhead absorption.

Maytag Corporation (Maytag) is a producer of home and commercial appliances. Maytag offers consumers a full line of washers, dryers, dishwashers, refrigerators and ranges distributed through large and small retailers across the United States and Canada. Maytag also has a presence in the commercial laundry market. The Company operates in two business segments: Home Appliances and Commercial Products. The Home Appliances segment represented 94.4% of consolidated net sales in fiscal 2004. The Home Appliances segment manufactures, sells and services laundry products, dishwashers, refrigerators, cooking appliances and floor care products. The Commercial Products segment represented 5.6% of consolidated net sales in fiscal 2004. The Company's Commercial Products segment manufactures and sells commercial cooking equipment under the Jade brand name and vending equipment under the Dixie-Narco brand name.

Another point of view

To many investors, profits are more important than revenue a company earns, If the Fortune 500 was ranked by profits instead of revenue then Maytag Corporation would be ranked 556th rather than 435th due to the fact it made a loss of $-82 million in 2006.

* US$ Million

• Address
  • Maytag Corporation
    403 West Fourth Street North
    Newton
    IA
    50208
• Contact Details
  • Phone: 641-792-7000
  • Fax: 641-787-8376
  • Website: www.maytag.com
  • Stock Symbol: MYG

Maytag Corporation is not ranked in this year's Fortune 500