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Business Description
Maytag Corporation is a producer of home and commercial appliances, which are sold to customers throughout North America and in international markets. Maytag is among the top three major appliance companies in the North American market, offering 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 significant presence in the commercial laundry market. Effective August 1, 2001, Maytag acquired the major appliances and commercial microwave oven businesses of Amana Appliances (Amana). Maytag's Hoover brand has a significant presence in the North America floor care products market.

Financial Information
Maytag manufactures, distributes and services a broad line of home appliances. Maytag also manufactures bottle and can vending equipment and glass front merchandisers. Sales for the six months ended 6/30/02 increased 21% to $2.37 billion. Net income from continuing operations before accounting change rose 19% to $126.4 million. Revenues reflect the acquired Amana appliance business. Net income was partially offset by higher incentive compensation and charitable contributions.