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Jun 30, 2021
Westlake Q2 2021 Earnings Report
Westlake achieved record quarterly earnings driven by the global economic recovery and expansion.
Key Takeaways
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.
Record quarterly net sales of $2.9 billion.
Record quarterly net income of $522 million, excluding one-time tax benefits in a prior quarter.
Record quarterly EBITDA of $932 million.
Announced pending acquisitions of Boral's North American building products businesses and of LASCO Fittings, Inc., which are expected to close in the second half of 2021
Forward Guidance
Westlake is investing in its business to drive value and is creating new platforms for continued future growth. The company recently announced acquisitions totaling approximately $2.4 billion for Boral North America and LASCO. Westlake believes in the growing secular strength of the housing, repair and remodeling markets, and these strategic acquisitions will provide new and complementary platforms and long-term growth opportunities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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