By Kelly Cloonan
Electrolux Group submitted claims for an $88 million refund following the Supreme Court's rejection of President Trump's emergency tariffs.
The Swedish appliance maker said Monday it expects to record a non-recurring, $61 million boost to operating income in its North America division in the second quarter as a result of the refund.
The company also said it expects to recognize in the second quarter, as part of the cost of goods sold in its North America division, about $27 million in connection with the first quarter of this year.
The company expects to release its interim report for the second quarter on July 29.
Write to Kelly Cloonan at kelly.cloonan@wsj.com