Maytag Corporation
Industry: Appliance & Tool

Maytag Corporation is a producer of home and commercial appliances. Its home appliance segment manufactures and sells laundry products, dishwashers, refrigerators, cooking appliances and floor care products. These products are sold primarily to major national retailers and independent retail dealers in North America and targeted international markets. The Company's home appliances are sold primarily under the Maytag, Amana, Hoover, Jenn-Air and Magic Chef brand names. Maytag also sells in-home appliance services. Maytag commercial appliances segment manufactures and sells commercial cooking and vending equipment. These products are sold primarily to distributors, soft drink bottlers, restaurant chains and dealers in North America and targeted international markets.

Business Summary
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.

Financial Summary
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 benefitted 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.