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Dec 31, 2024
Westlake Q4 2024 Earnings Report
Westlake reported increased sales volume but lower pricing impacted earnings.
Key Takeaways
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.
Q4 2024 revenue increased 1% YoY to $2.84 billion.
Net income was $7 million, down from $108 million in Q3 2024.
Housing and Infrastructure Products segment grew 4% YoY.
Performance and Essential Materials segment saw lower pricing impact earnings.
Forward Guidance
Westlake remains optimistic about the HIP segment due to strong housing demand, while PEM is expected to recover gradually.
Positive Outlook
- Strong demand for residential housing supports HIP segment growth.
- Cost-saving initiatives to improve profitability.
- Export opportunities for PEM segment.
- New product innovations expected to drive revenue.
- Continued focus on operational efficiency and reliability.
Challenges Ahead
- Macroeconomic conditions remain weak for global industrial markets.
- Lower average selling prices impact profitability.
- Seasonal demand fluctuations in the HIP segment.
- Uncertainty surrounding raw material costs and energy prices.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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