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Westlake Corporation  (WLK)
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Price: $146.7900 $4.28 3.003%
Day's High: $147.81 Week Perf: 3.52 %
Day's Low: $ 141.68 30 Day Perf: 3.97 %
Volume (M): 1,239 52 Wk High: $ 147.81
Volume (M$): $ 181,799 52 Wk Avg: $126.12
Open: $141.68 52 Wk Low: $103.28



 Market Capitalization (Millions $) 19,003
 Shares Outstanding (Millions) 129
 Employees 8,870
 Revenues (TTM) (Millions $) 12,548
 Net Income (TTM) (Millions $) 522
 Cash Flow (TTM) (Millions $) 1,073
 Capital Exp. (TTM) (Millions $) 1,034

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

-8.18 %

-0.15 %

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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CE        1.66% 
HUN   -3.33%    
NEU        1.27% 
OLN        2.79% 
PPG   -1.59%    
WLKP        0.31% 
• View Complete Report
   



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...

Product Service News

Westlake Epoxy Duisburg Receives Coveted ISCC PLUS Certification, Pioneering Sustainable Manufacturing Practices in Epoxy Industry

Published Tue, Feb 27 2024 11:45 AM UTC

Westlake Epoxy Duisburg Receives ISCC PLUS Certification, Solidifying Commitment to SustainabilityIn a significant achievement, Westlake Corporation has announced that its Westlake Epoxy manufacturing site in Duisburg, Germany, has been awarded the prestigious International Sustainability & Carbon Plus (ISCC PLUS) certification. This certification recognizes the site's excep...

Product Service News

Westlake Royal Building Products Showcases Be Boundless Campaign and New Innovations at International Builders Show

Published Mon, Feb 26 2024 2:00 PM UTC

Westlake Royal Building Products (Westlake Royal), a subsidiary of Westlake Company (NYSE:WLK), is set to showcase its Be Boundless campaign, top industry trends, and new product innovations at the 2024 NAHB International Builders Show (IBS) in Las Vegas from February 27-29, 2024. The company's booth, located in the Central Hall (C3819), will highlight Westlake Royal's rich ...

Westlake Corporation

Westlake Corporation Faces Challenges Amidst Weak Sales in Fourth Quarter Earnings

Investors in the stock market can rejoice as Westlake Corporation (NYSE: WLK) recently announced its quarterly dividend distribution amidst a positive trend in stock performance. The Board of Directors has declared a regular dividend distribution of 50 cents per share for the fourth quarter of 2024, solidifying its commitment to rewarding its shareholders. This marks the 78th successive quarterly dividend declared by Westlake since its initial public offering in August 2004.
The dividend, payable on March 14, 2024, to stockholders of record on February 28, is a testament to the company's confidence in its future prospects. It demonstrates Westlake's ability to generate sustainable and profitable growth, despite navigating through a challenging market environment.

Dividend

Westlake Corporation's Dividend Announcement Boosts Stock Performance Amidst Positive Market Trend

Published Fri, Feb 16 2024 9:15 PM UTC

Westlake Corporation Announces Quarterly Dividend Distribution Amidst Positive Stock Performance
Houston, TX - The Board of Directors of Westlake Corporation (NYSE: WLK) has declared a regular dividend distribution of 50 cents per share for the fourth quarter of 2024. This dividend, payable on March 14, 2024, to stockholders of record on February 28, marks the 78th succe...






 

Westlake's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Westlake does not provide revenue guidance.

Earnings Outlook
Westlake Corporation does not provide earnings estimates.

 
Geographic Revenue Dispersion




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