Cleaning & Restoration Breaking News

Maytag Warns of Low 4Q Earnings

December 15, 2000
/ Print / Reprints /
/ Text Size+
Chicago, Ill. (Reuters) -- Maytag Corp. has issued a warning of disappointing quarterly profits, in the second such forecast by an industry leader in two days, as a slowing economy cuts into sales of big-ticket items.

The maker of Jenn-Air, Magic Chef, Maytag and Admiral appliances also estimated fourth-quarter charges of $55 million to $65 million for asset write-downs, suspended business initiatives and other expenses as it refocuses on its core home and commercial product lines.

However, Maytag did not follow Whirlpool Corp. in announcing job cuts. On Wednesday, Whirlpool said it would slash 6,000 jobs in a restructuring to restore profits, which it said would fall short of estimates for the fourth quarter.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.



Image Galleries

The 2014 Experience Conference and Exhibition

A look in photos at the 2014 Experience Conference and Exhibition, which was held from April 24-26 at the Embassy Suites Convention Center and Spa in Frisco, Texas.

1/27/15 2:00 pm EST

Grow Your Business and Improve Operations with New Payment Technology

Attend this free webinar to learn how new developments in payment technology can help you close more jobs, increase upselling opportunities and improve operations.


While winter is considered the "slow season" for carpet cleaners, it can also be a season of great opportunity. In this episode of The Hitman Advertising Show, John Braun offers advice for keeping revenue consistent during the cold weather months so you're thriving - and not just surviving - the winter.
More Podcasts

ICS Cleaning Specialist Magazine


2014 Nov/Dec

The Nov/Dec ICS features content on how to get better meter readings, a roundtable on truckmount development, neighborhood marketing and more. Also included is the annual Buyer’s Guide and Directory.

Table Of Contents Subscribe

Janitorial Work

In addition to residential and commercial carpet cleaning, do you do any janitorial work on the side?
View Results Poll Archive


The Carpet Cleaner's Book of Unlimited Success! (ebook)

Don’t worry about the recession or about your competition.  Now you can be the owner of over 400 ways for carpet cleaning professionals to make more money and get more jobs!

More Products


Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view


facebook_40.png twitter_40px.png youtube_40px.png


Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view