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Dec 31, 2019
Westlake Q4 2019 Earnings Report
Westlake reported a decrease in net income and income from operations due to lower global sales prices, partially offset by lower feedstock and fuel costs.
Key Takeaways
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.
Net income attributable to Westlake was $72 million, or $0.56 per diluted share.
Net sales were $1,883 million.
Income from operations was $102 million.
Net cash provided by operating activities was $333 million.
Forward Guidance
The statements in this release and the related teleconference relating to matters that are not historical facts, including driving long-term value for our stockholders, are forward-looking statements and are subject to significant risks and uncertainties.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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