Westlake Corp (N:WLK)
Business Focus: Commodity Chemicals
| Sector: Basic Materials | Industry: Commodity Chemicals |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2801 Post Oak Blvd, Suite 600 HOUSTON TX 77056 |
| Tel: | N/A |
| Website: | https://www.westlake.com |
| IR: | See website |
| Key People | ||
| James Y. Chao Chairman of the Board | Albert Y. Chao President, Chief Executive Officer, Director | M. Steven Bender Chief Financial Officer, Executive Vice President |
| L. Benjamin Ederington Executive Vice President - Performance and Essential Materials, Chief Administrative Officer, General Counsel | Robert F. Buesinger Executive Vice President - Housing and Infrastructure Products, IT and Digital | Thomas J. Janssens Senior Vice President, Operations- Performance and Essential Material and Corporate Logistics |
| Business Overview |
| Westlake Corporation is a manufacturer and supplier of materials and products that enhance life every day. The Company has operations in Asia, Europe, and North America. It provides building blocks for solutions from housing and construction to packaging and healthcare to automotive and the consumer. Its segments include Performance and Essential Materials and Housing and Infrastructure Products. The Performance and Essential Materials includes Westlake North American Vinyls, Westlake North American Chlor-alkali & Derivatives, Westlake European & Asian Chlorovinyls, Westlake Olefins, Westlake Polyethylene and Westlake Epoxy. The Housing and Infrastructure Products include Westlake Royal Building Products, Westlake Pipe and Fittings, Westlake Global Compounds and Westlake Dimex. Its products are used in diverse consumer and industrial markets, including residential construction, automotive products, water treatment, wind turbines, coatings as well as other durable and non-durable goods. |
| Financial Overview |
| For the three months ended 31 March 2024, Westlake Corp revenues decreased 11% to $2.98B. Net income applicable to common stockholders decreased 56% to $173M. Revenues reflect Performance and Essential Materials segment decrease of 18% to $1.93B. Net income also reflects Performance and Essential Materials segment income decrease of 95% to $22M. Dividend per share increased from $0.36 to $0.50. |
| Employees: | 15,520 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $22,123M as of Mar 31, 2024 |
| Annual revenue (TTM): | $12,167M as of Mar 31, 2024 |
| EBITDA (TTM): | $2,023M as of Mar 31, 2024 |
| Net annual income (TTM): | $257.00M as of Mar 31, 2024 |
| Free cash flow (TTM): | $715.00M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $1,790M as of Mar 31, 2024 |
| Shares outstanding: | 128,569,968 as of Apr 25, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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