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Westlake Corporation  (WLK)
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Price: $160.2300 $2.40 1.521%
Day's High: $161.25 Week Perf: 1.93 %
Day's Low: $ 157.25 30 Day Perf: 6.28 %
Volume (M): 553 52 Wk High: $ 162.64
Volume (M$): $ 88,655 52 Wk Avg: $132.85
Open: $157.25 52 Wk Low: $103.28



 Market Capitalization (Millions $) 20,673
 Shares Outstanding (Millions) 129
 Employees 8,870
 Revenues (TTM) (Millions $) 12,167
 Net Income (TTM) (Millions $) 300
 Cash Flow (TTM) (Millions $) 695
 Capital Exp. (TTM) (Millions $) 1,039

Westlake Corporation

We are a vertically integrated global manufacturer and marketer of basic chemicals, vinyls, polymers and building products. Our products include some of the most widely used chemicals in the world, which are fundamental to many diverse consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, water treatment, refrigerants, residential and commercial construction as well as other durable and non-durable goods. We operate in two principal operating segments, Olefins and Vinyls. We are highly integrated along our olefins product chain with significant downstream integration into polyethylene and styrene monomer. We are also an integrated global producer of vinyls with substantial downstream integration into polyvinyl chloride ("PVC") building products.

We began operations in 1986 after our first polyethylene plant, an Olefins segment business, near Lake Charles, Louisiana was acquired from Occidental Petroleum Corporation. We began our vinyls operations in 1990 with the acquisition of a vinyl chloride monomer ("VCM") plant in Calvert City, Kentucky from the Goodrich Corporation. In 1992, we commenced our Vinyls segment building products operations after acquiring three PVC pipe plants. Since 1986, we have grown rapidly into an integrated global producer of petrochemicals, vinyls, polymers and building products. We achieved this by acquiring existing plants or constructing new plants and completing numerous capacity or production line expansions. We regularly consider acquisitions and other internal and external growth opportunities that would be consistent with or complementary to our overall business strategy.


In 2014, we formed Westlake Chemical Partners LP ("Westlake Partners") to operate, acquire and develop ethylene production facilities and related assets. Also in 2014, Westlake Partners completed an initial public offering of 12,937,500 common units (the "Westlake Partners IPO"). As of February 15, 2017, Westlake Partners assets consist of a 13.3% limited partner interest in Westlake Chemical OpCo LP ("OpCo"), as well as the general partner interest in OpCo. Prior to the Westlake Partners IPO, OpCos assets were wholly owned by us. OpCos assets include two ethylene production facilities at our olefins facility at our Lake Charles site, one ethylene production facility at our Calvert City site and a 200-mile common carrier ethylene pipeline that runs from Mont Belvieu, Texas to the Longview, Texas site, which includes our Longview polyethylene production facility. We retain an 86.7% limited partner interest in OpCo, a 52.2% limited partner interest in Westlake Partners (common and subordinated units), a general partner interest in Westlake Partners and incentive distribution rights. The operations of Westlake Partners are consolidated in our financial statements. We are party to certain agreements with Westlake Partners and OpCo whereby, among other things,


On August 31, 2016, we completed the acquisition of Axiall Corporation ("Axiall") for $33.00 per share in an all-cash transaction (the "Merger"), pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of June 10, 2016, by and among Westlake, Axiall and Lagoon Merger Sub, Inc., a wholly-owned subsidiary of Westlake. Axiall is a manufacturer and international marketer of chemicals and building products, with manufacturing sites in North America. The combined company is the third-largest global chlor-alkali producer and the third-largest PVC producer in the world.


We benefit from highly integrated production facilities that allow us to process raw materials into higher value-added chemicals and building products. As of February 15, 2017, we (directly and through OpCo and our 95% and 60% owned Asian joint ventures) had 39.8 billion pounds per year of aggregate production capacity at numerous manufacturing sites in North America, Europe and Asia.

Olefins are the basic building blocks used to create a wide variety of petrochemical products. We manufacture ethylene (through OpCo), polyethylene, styrene and associated co-products at our manufacturing facility in Lake Charles and polyethylene at our Longview facility. We have two ethylene plants, which are owned by OpCo, two polyethylene plants and one styrene monomer plant at our olefins facility at our Lake Charles site. We have three polyethylene plants and a specialty polyethylene wax plant at our Longview site.


Principal products in our integrated Vinyls segment include PVC, VCM, EDC, chlor-alkali (chlorine and caustic soda) and chlorinated derivative products and, through OpCo, ethylene. We also manufacture and sell building products fabricated from PVC, including siding, pipe, fittings, profiles, trim, mouldings, fence and decking products, window and door components and film and sheet products. We manage our integrated Vinyls production chain, from the basic chemicals to finished building products, to optimize product margins and capacity utilization. Our primary North American chemical manufacturing facilities are located in our Calvert City, Kentucky and Lake Charles, Plaquemine and Geismar, Louisiana sites. Our Calvert City site includes an ethylene plant, which is owned by OpCo, a chlor-alkali plant, a VCM plant and a PVC plant. Our Lake Charles site includes three chlor-alkali plants, two VCM plants, a chlorinated derivative products plant and cogeneration assets. Our Plaquemine site includes a chlor-alkali plant, a VCM plant, a PVC plant and cogeneration assets. Our Geismar site includes a chlor-alkali plant, a VCM plant and a PVC plant.



   Company Address: 2801 Post Oak Boulevard Houston 77056 TX
   Company Phone Number: 960-9111   Stock Exchange / Ticker: NYSE WLK
   


Customers Net Income fell by WLK's Customers Net Profit Margin fell to

-31.14 %

8.83 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CE   -1.99%    
HUN   -0.24%    
KWR        6.28% 
NEU   -0.79%    
OLN        0.3% 
PPG   -1.21%    
• View Complete Report
   



Business Update

Ensuring Water Safety: Westlake Water Solutions Raises Awareness on Proper Pool Chlorination

Published Thu, May 2 2024 11:47 AM UTC

As commercial pools across the country prepare to open for the summer season, it is important to highlight the significance of National Water Safety Month, which commenced on May 1st. In light of this, Westlake Water Solutions, a business unit of Westlake Corporation (NYSE: WLK), in collaboration with NSF International, a renowned public health and safety organization, is em...

Westlake Corporation

Westlake Corporation Reports Decline in Q1 2024 Revenue 2.

Financial News Report: Westlake Corporation Discloses Soft Q1 2024 Results
Houston-based chemical manufacturing company, Westlake Corporation (NYSE: WLK), recently announced its first quarter 2024 financial results, revealing a decline in both top and bottom-line performance. The company reported a year-on-year drop of -56.07% in income per share and -11.353% in revenue.
In more specific terms, revenue for the January to March 31, 2024 period amounted to $2.98 billion, compared to $3.36 billion in the same period the previous year. Earnings per share (EPS) for Q1 2024 stood at $1.34, while it was $3.05 in the comparable three-month period a year ago. The income per share turned positive from -$3.86 per share in the previous three months. Furthermore, revenue saw a 5.272% increase from $2.83 billion in the prior quarterNet profits for the January to March 31, 2024 period amounted to $185.000 million, registering a -54.55% decline from $407.000 million in the corresponding period a year ago.
Westlake Corporation's profitability indicators also experienced a decline, with the operating margin shrinking to 7.5% and the net margin decreasing to 6.22% in Q1 2024.
Though Westlake Corporation's stockpiles have increased to $1,661.0 million due to the seasonal nature of the company's business, they remain lower than the previous year's level of $1,842.0 million. Operating earnings fell -58.4% to $223 million, resulting in a reduction in Westlake Corporation's operating margin from 15.97% in Q1 2023 to 7.5% in Q1 2024.
The value of accounts receivable is still below the previous year's level, but sequential progress has been made.
In light of National Water Safety Month, which commenced on May 1st, Westlake Water Solutions, a business unit of Westlake Corporation, is emphasizing the importance of using adequately specified chlorine tablets to ensure pool safety. The company is collaborating with NSF International to remind health inspectors and pool operators about the necessity of proper chlorine tablet usage for optimal water quality.
In terms of stock performance, Westlake Corporation's share price increased by 33.19% from a year ago. As of Q2 2024, the share price is down by -2.11%. However, the stock is trending higher and is just 7.2% away from its 52-week high.
While Westlake Corporation faced challenges in its Q1 2024 financial performance, the collaboration with NSF International and its focus on pool safety highlight the company's proactive approach to addressing industry-specific concerns. It remains to be seen how these efforts, as well as potential improvements in financial performance, will impact the company's future results.

Business Update

Westlake Royal Building Products Continues to Champion the Remodeling Industry as Title Sponsor of National Home Remodeling Month

Published Tue, Apr 30 2024 3:47 PM UTC

Westlake Royal Building Products, a subsidiary of Westlake Corporation, has announced that it will be the title sponsor for the National Association of Home Builders' National Home Remodeling Month for the third consecutive year. This annual campaign, which takes place in May, aims to celebrate the remodeling industry and acknowledge the hard work of remodeling professionals...

Business Update

Westlake Epoxy Enhances Industry with New Lower Yellowing Epoxy Products, Raising the Bar at American Coatings Show 2024

Published Mon, Apr 22 2024 11:47 AM UTC

Introducing New Lower Yellowing Epoxy Products: Westlake Epoxy Innovates for Enhanced Performance at American Coatings Show 2024Amidst the ever-evolving world of chemical and industrial materials, Westlake Epoxy, a subsidiary of the esteemed Westlake Corporation, is set to unveil their latest innovation at the highly anticipated American Coatings Show 2024. The event, held i...

Product Service News

Westlake Royal Building Products Unveils DaVinci Roofscapes at IBS 2024: Setting New Standards of Durability and Elegance

Published Wed, Feb 28 2024 2:00 PM UTC

Combining the articles:Westlake Royal Building Products Showcases DaVinci Roofscapes Composite Products at 2024 International Builders Show (IBS)HOUSTON - Westlake Royal Building Products (Westlake Royal), a Westlake company (NYSE:WLK), takes center stage at the 2024 International Builders Show (IBS), Booth C3819, as they proudly display their exquisite line of DaVinci Roofs...






 

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  Revenue Outlook
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Earnings Outlook
Westlake Corporation does not provide earnings estimates.

 
Geographic Revenue Dispersion




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