The company, which moved its North American headquarters to Charlotte in 2010, reported a loss of
Excluding the restructuring charge and other items affecting comparability, the company's operating income rose 13 percent for the quarter.
The company's North American market is still on the upswing, with sales rising 3 percent in the first half of the year compared to the same time period of 2013. North American profits for the second quarter were the company's highest ever.
Internationally, overall sales decreased 4.9 percent.
North American sales had been down in the first quarter, which the company attributed to inclement weather in January and February. For second quarter, low demand for room air conditioners balanced higher sales of premium appliances, leading to
Consumer demand in the U.S. rose 6 percent.
Truong said as the economy continues to improve, the company is seeing more consumers upgrading their appliances for higher-ticket items, paying premiums that are boosting company profits.
"We actually see an explosive growth in the more higher-end products," he said. "Consumers are willing to look at products that have a really nice design and also help them get the job done quicker."
Truong said rather than selling individual appliances, the company is focusing on selling them as a whole-kitchen set. He said that initiative, as well as a nationwide advertising campaign focused on the company's
On Friday, global CEO
The company's overall sales were largely burdened by a weak Latin American market, where sales were nearly half of what they were last year.
Truong said the company is planning to expand its refrigerator plant in
Recently, the company has made headlines for charity work. Electrolux North Carolina began donating full sets of kitchen appliances to furnish veterans' households in May, and last week it donated nearly 400 Frigidaire room air conditioners to families struggling against homelessness.
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