Core Insights - Westlake Corporation (WLK) reported a third-quarter 2024 profit of $108 million or 83 cents per share, a significant decrease from $285 million or $2.20 per share in the same quarter last year. Adjusted earnings were $1.41 per share, missing the Zacks Consensus Estimate of $2.12 [1][2] Financial Performance - Sales for the reported quarter were $3,117 million, remaining flat year over year but below the Zacks Consensus Estimate of $3,230.6 million. Sequentially, sales declined by 3% due to a 4% drop in sales volumes, which outweighed a 1% increase in average sales prices [2] - The Performance and Essential Materials (PEM) segment saw sales increase by approximately 2% year over year to $2,019 million, surpassing the estimate of $2,017.8 million. However, PEM sales volume fell by 1% sequentially, while average sales price rose by 1% [3] - The Housing and Infrastructure Products (HIP) segment generated sales of $1,098 million, down around 4% from the previous year and below the estimate of $1,211.8 million. This decline was attributed to weaker North American residential construction activity and weather disruptions [4] Financial Position - As of September 30, 2024, Westlake had cash and cash equivalents totaling $2.9 billion, with total debt at $4.6 billion. The net cash provided by operating activities in the third quarter was $474 million, with capital expenditures amounting to $220 million [5] Outlook - The company indicated that the recovery from the recent downturn in global industrial and manufacturing activities remains uneven. However, recent monetary and fiscal stimulus could potentially accelerate macroeconomic recovery. Westlake plans to focus on developing and commercializing innovative products, improving plant profitability, and creating long-term shareholder value [6] Industry Context - Westlake currently holds a Zacks Rank of 5 (Strong Sell). In comparison, DuPont de Nemours, Inc. reported adjusted earnings of $1.18 per share, exceeding the Zacks Consensus Estimate of $1.04, and raised its full-year 2024 projections for operating EBITDA and adjusted earnings per share [7] - The Chemours Company recorded adjusted earnings of 40 cents, surpassing the Zacks Consensus Estimate of 32 cents, but expects a decline in consolidated net sales in the mid to high-single digits for the fourth quarter [8] - PPG Industries, Inc. reported third-quarter adjusted earnings per share of $2.13, missing the Zacks Consensus Estimate of $2.15, and anticipates flat organic sales and adjusted earnings per share at the lower end of the $8.15 to $8.30 range for full-year 2024 [9]

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) 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 ...

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Analysts on Wall Street project that Westlake Chemical (WLK) will announce quarterly earnings of $2.04 per share in its forthcoming report, representing a decline of 7.3% year over year. Revenues are projected to reach $3.23 billion, increasing 3.7% from the same quarter last year.The current level reflects a downward revision of 6.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projecti ...

The market expects Westlake Chemical (WLK) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 5, 2024, might help the stock move higher if these key nu ...

112,000-square-foot luxury leisure and lifestyle destination features indoor and outdoor pools with a beach club, seven pickleball courts, expansive workout spaces and much more, elevating health and wellness in the community DALLAS, Aug. 8, 2024 /PRNewswire/ -- Life Time (NYSE: LTH) further expanded in Texas and the DallasFort Worth metroplex with the opening of Life Time Westlake on Aug. 3. The opening extends Life Time's athletic country club footprint to 33 locations across Texas. Life Time further expa ...

Westlake Corporation (WLK) logged a second-quarter 2024 profit of $313 million or $2.40 per share, up from $297 million or $2.31 per share in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate of $1.90. Sales fell around 1.3% year over year to $3,207 million in the quarter. It surpassed the Zacks Consensus Estimate of $3,176.1 million. WLK witnessed strong demand for the majority of products in its Housing and Infrastructure Products (HIP) segment and higher average sales prices in ...

For the quarter ended June 2024, Westlake Chemical (WLK) reported revenue of $3.21 billion, down 1.4% over the same period last year. EPS came in at $2.40, compared to $2.31 in the year-ago quarter. The reported revenue represents a surprise of +0.97% over the Zacks Consensus Estimate of $3.18 billion. With the consensus EPS estimate being $1.90, the EPS surprise was +26.32%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

Westlake Chemical (WLK) came out with quarterly earnings of $2.40 per share, beating the Zacks Consensus Estimate of $1.90 per share. This compares to earnings of $2.31 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 26.32%. A quarter ago, it was expected that this chemical company would post earnings of $1.09 per share when it actually produced earnings of $1.34, delivering a surprise of 22.94%. Over the last four quarters, ...