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Sep 30, 2021
Westlake Q3 2021 Earnings Report
Westlake achieved record quarterly net sales and net income, driven by strong demand and higher sales prices.
Key Takeaways
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 reported record quarterly net sales of $3.1 billion.
The company achieved record quarterly net income of $607 million.
Westlake's quarterly EBITDA reached a record $1.1 billion.
The company completed acquisitions of Boral’s North American building products businesses, Dimex LLC and LASCO Fittings, Inc.
Westlake
Westlake
Forward Guidance
Westlake is well positioned to continue to deliver strong results as global supply chains and manufacturing recover to meet pent-up consumer demand.
Positive Outlook
- Global economic expansion that began early in the second half of 2020
- Strong demand across product offerings
- Investments in recent acquisitions of Boral North America, Dimex and LASCO
- Platform for the next chapter of growing building products business in North America
- Build footprint in the sustainable building product markets
Challenges Ahead
- COVID-19 pandemic and the response thereto
- General economic and business conditions
- The cyclical nature of the chemical industry
- Availability, cost and volatility of raw materials and utilities
- The price of crude oil