Loading...
•
Dec 31, 2021
Westlake Q4 2021 Earnings Report
Westlake Corporation reported record fourth quarter and full year 2021 results.
Key Takeaways
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.
Record annual net sales of $11.8 billion, an increase of 57% vs. 2020 net sales
Record annual net income of $2.0 billion, an increase of 511% vs. 2020 net income
Record annual EBITDA of $3.7 billion, an increase of 196% vs. 2020 EBITDA
Transformational investments of approximately $3.8 billion in building products and Hexion's global epoxy business
Westlake
Westlake
Forward Guidance
Market conditions continue to look favorable in 2022. As the market leader in Performance and Essential Materials including PVC, polyethylene, epoxy, chlorine and caustic soda, we are well-positioned to continue to provide value to our customers and investors. The outlook also remains favorable in our Housing and Infrastructure Products with strong market indicators in 2022.
Positive Outlook
- Market conditions continue to look favorable in 2022.
- Well-positioned to continue to provide value to our customers and investors.
- The outlook also remains favorable in our Housing and Infrastructure Products with strong market indicators in 2022.
- Created a framework for growth by expanding our footprint in the building product markets
- Enhancing our position to drive greater value with new and complementary businesses.
Challenges Ahead
- COVID-19 pandemic and the response thereto
- General economic and business conditions
- Cyclical nature of the industry
- Availability, cost and volatility of raw materials and utilities, including natural gas and natural gas liquids from shale production
- The price of crude oil