Westlake Earnings Reports

Westlake Corporation reported Q4 2024 revenue of $2.84 billion and net income of $7 million, with an EPS of $0.06. EBITDA for the quarter was $416 million, reflecting a 7% increase from the prior year. The Housing and Infrastructure Products segment saw a 4% revenue increase, while the Performance and Essential Materials segment experienced a slight decline due to lower selling prices.

Westlake Corporation reported net sales of $3.1 billion, net income of $183 million, and EBITDA of $580 million for the third quarter of 2024, excluding the Identified Item. The results were affected by extended maintenance outages at the ethylene JV facility and one of the chlorovinyl facilities, leading to higher feedstock costs and lower sales volume.

Westlake Corporation reported Q2 2024 results with net sales of $3.2 billion, net income of $313 million, and EBITDA of $744 million. The company saw record Housing and Infrastructure Products (HIP) segment income from operations of $266 million and EBITDA of $336 million. There were sequential increases in Performance and Essential Materials (PEM) segment earnings and margins.

Westlake Corporation reported net sales of $3.0 billion and net income of $174 million for the first quarter of 2024. The company's HIP segment achieved record first quarter EBITDA, driven by strong demand in housing end markets, while the PEM segment faced challenges due to weak global industrial and manufacturing activity.

Westlake Corporation reported a challenging fourth quarter with a net loss of $497 million, impacted by significant Identified Items. Excluding these items, the company's net income was $93 million. The Housing and Infrastructure Products segment demonstrated resilience, while the Performance and Essential Materials segment was affected by lower sales prices.

Westlake Corporation announced third quarter 2023 results, achieving net sales of $3.1 billion and net income of $285 million. The company's Housing and Infrastructure Products (HIP) segment reached record income from operations and EBITDA, supported by resilient North American construction activities. However, the Performance and Essential Materials (PEM) segment faced challenges due to soft economic conditions and lower average sales prices.

Westlake Corporation reported second quarter 2023 net sales of $3.3 billion and net income of $297 million. The HIP segment benefited from a seasonal increase in residential construction demand and lower raw material costs. Soft global manufacturing and industrial activity drove lower PEM sales volumes and average selling prices.

Westlake Corporation reported a net income of $394 million on net sales of $3,356 million for Q1 2023. This represents an increase in net income compared to Q4 2022, driven by higher operating rates and sales volume, lower feedstock, fuel, and power costs, and cost synergies from recent acquisitions.

Westlake Corporation reported Q4 2022 results with net sales of $3.3 billion and net income of $232 million. The results were impacted by weaker demand and lower sales prices in Performance Materials, as well as lower volumes in Housing and Infrastructure Products. However, caustic soda prices remained high, supporting earnings.

Westlake Corporation reported a net income of $401 million, or $3.10 per share, on net sales of $3,956 million for the third quarter of 2022. The company was impacted by several factors including eroding macro-economic conditions, decreased industrial activity, and higher global energy prices.

Westlake Corporation reported record second quarter 2022 results, including record net sales of $4.5 billion, a 57% increase year-over-year, and record net income of $858 million, a 64% increase year-over-year. The company benefited from solid market conditions, strong demand, and pricing dynamics, as well as the full quarter impact of recent acquisitions.

Westlake Corporation announced record first quarter 2022 results, with record quarterly net sales of $4.1 billion, a 72% increase compared to the first quarter of 2021. Record quarterly net income reached $756 million, a 212% increase, and record quarterly EBITDA was $1.3 billion, a 135% increase year-over-year. The company benefited from strong market conditions and completed the acquisition of Hexion's global epoxy business.

Westlake Corporation announced record fourth quarter and record full year 2021 results, achieving financial records for sales, net income, and EBITDA due to strong economic conditions and strategic market positions.

Westlake Chemical Corporation reported record third-quarter results, with net sales of $3.1 billion and net income of $607 million. The company benefited from strong demand across its product offerings and the recent acquisitions of Boral North America, Dimex, and LASCO.

Westlake Chemical Corporation reported record second-quarter results, with net sales of $2.9 billion and net income of $522 million, excluding one-time tax benefits. The company's performance was driven by strong demand and higher sales prices across its product offerings. Westlake also announced pending acquisitions of Boral's North American building products businesses and LASCO Fittings, Inc.

Westlake Chemical Corporation reported a strong first quarter in 2021, with net income attributable to Westlake of $242 million, or $1.87 per diluted share, on net sales of $2,357 million. The increases in net income and income from operations were primarily driven by higher sales prices and integrated margins for most of their major products including polyethylene and PVC, as well as higher earnings resulting from strong demand in their downstream building products business.

Westlake Chemical Corporation reported a net income of $113 million, or $0.87 per diluted share, on net sales of $1,965 million for the fourth quarter of 2020. The company benefited from higher sales prices and margins for polyethylene and PVC resin, as well as strong demand in the downstream building products business.

Westlake Chemical Corporation reported a net income of $57 million, or $0.45 per diluted share, on net sales of $1,898 million for the third quarter of 2020. The results were impacted by Hurricane Laura and higher feedstock costs, but partially offset by strong demand in downstream vinyls products.

Westlake Chemical Corporation reported a challenging second quarter of 2020 with a decrease in net income to $15 million, or $0.11 per diluted share, compared to $119 million, or $0.92 per share, in the second quarter of 2019. The decrease was primarily due to the global economic impact from COVID-19 and the significant drop in oil prices, which reduced North American ethylene industry feedstock competitiveness. Reduced demand led to lower global sales prices and volumes for caustic soda and downstream vinyls products.

Westlake Chemical Corporation reported a net income of $145 million, or $1.13 per diluted share, on net sales of $1,932 million for the first quarter of 2020. The increase in net income was primarily due to an income tax rate benefit of $62 million resulting from the carryback of federal net operating losses. The company's cash and cash equivalents totaled $1.54 billion.

Westlake Chemical Corporation reported a net income of $72 million, or $0.56 per diluted share, on net sales of $1,883 million for Q4 2019. The company experienced a decrease in net income compared to Q4 2018 due to lower global sales prices for major products. However, the company remained disciplined in operations and investments.