Wall Street expects a year-over-year decline in earnings on lower revenues when Westlake Chemical (WLK) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 6, 2024, might help the stock move higher if these key numbers are better than ex ...

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 March 31, 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 incorpor ...

Westlake Corporation (NYSE:WLK) Q1 2024 Results Conference Call May 1, 2024 11:00 AM ET Company Participants John Zoeller - Vice President and Treasurer Albert Chao - President, CEO & Director Steve Bender - Executive VP & CFO Jeff Holy - VP & Chief Accounting Officer Conference Call Participants Patrick Cunnigham - Citibank Frank Mitsch - Fermium Research Vincent Andrews - Morgan Stanley Aleksay Yefremov - KeyBanc Hassan Ahmed - Alembic Global Advisors Kevin McCarthy - Vertical Research Partners Michael Si ...

WESTLAKE CORPORATION Contact—(713) 960-9111 Investors—Steve Bender Media—L. Benjamin Ederington Westlake Corporation Reports First Quarter 2024 Results HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK) (the "Company" or "Westlake") today announced first quarter 2024 results. SUMMARY FINANCIAL HIGHLIGHTS (in millions of dollars, except per share data and percentages) | | | Three Months | | Three Months | | Three Months | | --- | --- | --- | --- | --- | --- | --- | | | | Ended March 31, 2024 | | Ende ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 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 jurisdictio ...

Financial Data and Key Metrics Changes - For Q4 2023, the company reported net income of $93 million or $0.72 per share, and EBITDA of $390 million on sales of $2.8 billion, with a decrease in net income of $139 million from Q4 2022 due to lower average sales prices and margins in the PEM segment [7][16] - For the full year 2023, net income was $1.1 billion and EBITDA was $2.6 billion on sales of $12.5 billion, reflecting a decline of $1.1 billion from record 2022 results [17][22] Business Line Data and Key Metrics Changes - The Performance and Essential Materials (PEM) segment's EBITDA for 2023 was $1.6 billion, down from record 2022 results due to lower global sales prices and margins [18] - The Housing and Infrastructure Products (HIP) segment achieved record income from operations of $710 million and an EBITDA margin of 23%, despite lower revenue [10][20] - In Q4 2023, HIP sales volumes increased by 11% year-over-year, while PEM's sales volumes rose by 6% year-over-year [21][29] Market Data and Key Metrics Changes - European operations faced significant volume and price declines due to a weak macroeconomic environment and increased imports from Asia, particularly affecting the base epoxy business [8][9] - The company noted that customer inventories are at lower levels, which may lead to increased orders in 2024 as customers begin to restock [28][30] Company Strategy and Development Direction - The company aims to reduce earnings and cash flow volatility while maximizing growth potential, integrating PEM and HIP segments to capture value across the value chain [25][26] - Sustainability remains a critical focus, with new goals addressing water usage, health and safety, and community engagement [12][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the near-term outlook due to low customer inventory levels and solid sales volume momentum entering 2024 [28][30] - The company anticipates potential price increases in 2024 due to rising demand and recent disruptions in global trade routes [30][31] Other Important Information - The company generated $2.3 billion in cash from operations and $1.3 billion in free cash flow for 2023, with a solid investment-grade rated balance sheet [11][22] - A noncash impairment charge of $475 million was recorded for the epoxy business, reflecting a change in fair value due to market conditions [5][14] Q&A Session Summary Question: Can you elaborate on the sales and margin guide for the HIP segment? - Management noted good momentum entering 2024, with constructive growth outlook based on housing starts and permits [35] Question: What is the status of the manufacturing footprint optimization for HIP? - The company is optimizing assets based on market demand, with no specific plans announced for 2024 yet [36] Question: How do recent movements in natural gas and ethane prices affect the company? - A drop in natural gas prices is expected to provide significant benefits, reducing overall energy costs [40] Question: What is the outlook for epoxy earnings in 2024? - Management indicated that while there is some upward price pressure, the market remains weak, and actions are being taken to manage costs [52][48] Question: How does the company view the M&A market? - The company is seeing more ideas and opportunities in both HIP and PEM sectors, evaluating deals based on economic returns [70]

1 Earnings Presentation 4Q 2023 $93M $390M Net Income(1,2) EBITDA(1,3) $3.3B $291M Free Cash Flow(1,4) Fourth Quarter 2023 Highlights 4Q 2023 Financial Results(1) Improving volume trends provide momentum into 2024 $2.8B Net Sales 67% decrease vs. 3Q 9% decrease vs. 3Q 43% decrease vs. 3Q $0.72 Net Income Per Share(1,2) Cash and Equivalents • Record Housing and Infrastructure Products (HIP) annual income from operations of $710 million reflecting the strength of our brands • Generated free cash flow of $291 ...

Westlake Corporation (NYSE:WLK) Q3 2023 Results Conference Call November 2, 2023 11:00 AM ET Company Participants Jeff Holy - VP and Treasurer Albert Chao - President and CEO Steve Bender - EVP and CFO Conference Call Participants Patrick Cunningham - Citi Frank Mitsch - Fermium Research Bhavesh Lodaya - BMO Capital Markets Matthew Blair - TPH David Begleiter - Deutsche Bank Duffy Fisher - Goldman Sachs Kevin McCarthy - Vertical Research Partners Chris Perrella - UBS Hassan Ahmed - Alembic Global Advisors M ...

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, 2023 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 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act ...

Westlake Corporation (NYSE:WLK) Q2 2023 Earnings Conference Call August 3, 2023 11:00 AM ET Company Participants Jeff Holy - Vice President & Treasurer Albert Chao - President & Chief Executive Officer Steve Bender - Executive Vice President & Chief Financial Officer Conference Call Participants Chris Perrella - UBS Patrick Cunningham - Citi David Begleiter - Deutsche Bank Aleksey Yefremov - KeyBanc Kevin McCarthy - Vertical Research Partners Michael Leithead - Barclays Matthew DeYoe - Bank of America Matth ...