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Westlake Q1 2023 Earnings Report

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$113.23 -0.08 (-0.07%)
(As of 12/20/2024 04:34 PM ET)

Westlake EPS Results

Actual EPS
$3.05
Consensus EPS
$2.05
Beat/Miss
Beat by +$1.00
One Year Ago EPS
$5.83

Westlake Revenue Results

Actual Revenue
$3.36 billion
Expected Revenue
$3.41 billion
Beat/Miss
Missed by -$51.05 million
YoY Revenue Growth
-17.30%

Westlake Announcement Details

Quarter
Q1 2023
Time
Before Market Opens

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Westlake Earnings Headlines

Westlake (NYSE:WLK) Raised to "Buy" at Citigroup
Citigroup Upgrades Westlake (WLK)
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Westlake upgraded to Buy from Neutral at Citi
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About Westlake

Westlake (NYSE:WLK) engages in the manufacture and marketing of performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Mexico, Brazil, France, Italy, Taiwan, and internationally. The company operates through two segments: Performance and Essential Materials and Housing and Infrastructure Products. The Performance and Essential Materials segment offers ethylene, polyethylene, styrene, chlorinated derivative products, ethylene dichloride, vinyl chloride monomer, polyvinyl chloride (PVC), epoxy specialty resins, and base epoxy resins and intermediaries, as well as chlor-alkali, such as chlorine and caustic soda. The Housing and Infrastructure Products segment provides residential PVC sidings; PVC trim and mouldings; architectural stone veneers; windows; PVC decking; PVC films for various inflatables, wallcovering, and tape and roofing applications; polymer composite and cement roof tiles; PVC pipes and fittings for various water, sewer, electrical, and industrial applications; PVC compounds used in various housing, medical, and automobile products; and consumer and commercial products, such as landscape edging; industrial, home, and office matting; marine dock edging; and masonry joint controls. It offers its products to chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses for use in various consumer and industrial markets, including residential construction, flexible and rigid packaging, automotive products, healthcare products, water treatment, wind turbines, and coatings, as well as other durable and non-durable goods. The company was formerly known as Westlake Chemical Corporation and changed its name to Westlake Corporation in February 2022. Westlake Corporation was founded in 1986 and is headquartered in Houston, Texas. Westlake Corporation operates as a subsidiary of TTWF LP.

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