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Westlake's Unit Announces Investment in Universal Matter
ZACKS· 2024-12-20 13:51
Westlake Corporation’s (WLK) subsidiary, Westlake Innovations, announced that it invested in Universal Matter, Inc., an Ontario-based company aiming to become a leading supplier of high-quality and sustainable graphene and advanced materials to help decarbonize the planet. The investment by WLK is driven by its continuous efforts to develop a sustainable future through improvement in its own manufacturing and strategic investments in innovative technologies and startup firms.Universal Matter’s patented Flas ...
Westlake Royal Building Products Launches Dryroll Ridge Vent
ZACKS· 2024-12-18 15:35
Westlake Corporation’s (WLK) unit, Westlake Royal Building Products has launched Dryroll, a universal ridge vent and weather block. Dryroll is designed to optimize roof protection and attic ventilation. It works by helping to exhaust heat and moisture from the roof.With rollable installation, Dryroll is unrolled and sealed to field tiles. The product blends smoothly with the roof and reduces unappealing field vents and roof penetrations. Its aluminum sides may be stretched to conform seamlessly to the roof. ...
Westlake's Q3 Earnings and Revenues Miss Estimates on Lower Volumes
ZACKS· 2024-11-12 13:30
Westlake Corporation (WLK) logged a third-quarter 2024 profit of $108 million or 83 cents per share, down from $285 million or $2.20 per share in the year-ago quarter. Barring one-time items, adjusted earnings for the reported quarter came in at $1.41 per share. The bottom line missed the Zacks Consensus Estimate of $2.12.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Sales for the reported quarter were $3,117 million, flat year over year. It lagged the Zacks Consensus Estimate of $3 ...
Westlake(WLK) - 2024 Q3 - Quarterly Report
2024-11-06 15:49
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File No. 001-32260 Westlake Corporation (Exact name of Registrant as specified in its charter) Delaware 76-0346924 (State or other jurisdiction of inco ...
Westlake(WLK) - 2024 Q3 - Earnings Call Presentation
2024-11-05 23:08
Earnings Presentation 3Q 2024 1 $183M $3.1B $580M EBITDA(1,3) $1.41 $2.9B 3Q 2024 Financial Results(1) Improving underlying trends despite impacts from outages and weather Net Income(1,2) 42% decrease vs. 2Q 22% decrease vs. 2Q Net Income Per Share(1,2) Net Cash Provided by Operating Activities • Sales volume increased 3% YoY driven by improving chlorine and caustic soda demand • Average sales price increased 1% QoQ with improvement in each segment • Performance and Essential Materials (PEM) EBITDA impacted ...
Westlake(WLK) - 2024 Q3 - Earnings Call Transcript
2024-11-05 23:06
Westlake Corporation (NYSE:WLK) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants John Zoeller - Vice President and Treasurer Albert Chao - Executive Chairman Jean-Marc Gilson - President and CEO Steve Bender - Executive Vice President and CFO Conference Call Participants Eric Zhang - Citi Duffy Fisher - GS Bhavesh Lodaya - BMO Capital Markets Ryan Weis - KeyBanc Capital Markets Frank Mitsch - Fermium Research John Roberts - Mizuho Group Matt Hettwer - Vertical Research Part ...
Here's What Key Metrics Tell Us About Westlake (WLK) Q3 Earnings
ZACKS· 2024-11-05 15:36
For the quarter ended September 2024, Westlake Chemical (WLK) reported revenue of $3.12 billion, up 0.1% over the same period last year. EPS came in at $1.41, compared to $2.20 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.23 billion, representing a surprise of -3.52%. The company delivered an EPS surprise of -33.49%, with the consensus EPS estimate being $2.12.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...
Westlake Chemical (WLK) Lags Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-05 13:51
Westlake Chemical (WLK) came out with quarterly earnings of $1.41 per share, missing the Zacks Consensus Estimate of $2.12 per share. This compares to earnings of $2.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -33.49%. A quarter ago, it was expected that this chemical company would post earnings of $1.90 per share when it actually produced earnings of $2.40, delivering a surprise of 26.32%.Over the last four quarters, t ...
Westlake(WLK) - 2024 Q3 - Quarterly Results
2024-11-05 12:26
EXHIBIT 99.1 SUMMARY FINANCIAL HIGHLIGHTS (in millions of dollars, except per share data and percentages) WESTLAKE CORPORATION Contact—(713) 960-9111 Investors—Steve Bender Media—L. Benjamin Ederington Westlake Corporation Reports Third Quarter 2024 Results HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK) (the "Company" or "Westlake") today announced third quarter 2024 results. | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------- ...
Westlake Chemical Partners: A Value Investor's Dream With Superb Dividend
Seeking Alpha· 2024-11-04 16:00
Hi, I’m Taizen. As a former corporate banker, I have extensive experience in industry analysis, credit analysis and cash flow projections as well as treasury experience conducting FX and money market transactions. Such experience has helped me understand the financial market, devise investment strategies and make valuations on stocks. I encountered value investing when I read the Intelligent Investor, written by Benjamin Graham. This book was instrumental in developing my investment strategies and I highly ...