Reports Q3 revenue $3.12B, consensus $3.31B. “During the third quarter of 2024, global macroeconomic trends modestly improved from the environment we saw in the second quarter of 2024 with relatively solid and improving conditions in North America, a continuing recovery in Asia, and slow improvement in Europe. Demand for our products during the third quarter was consistent with these market conditions, and our third quarter financial results would have reflected these trends if it had not been for extended maintenance outages at two plants during the quarter in our PEM segment. While we are disappointed with this operational performance, we have completed the maintenance and these plants have returned to service. Furthermore, we are applying the lessons learned from these incidents to other plants, while increasing our focus on preventive maintenance across our organization to improve the reliability of our plants,” said Jean-Marc Gilson, President and Chief Executive Officer.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WLK:
- WLK Earnings this Week: How Will it Perform?
- Disney initiated, Cisco upgraded: Wall Street’s top analyst calls
- Westlake’s concerns balanced with opportunity, says BofA in upgrade to Neutral
- Westlake upgraded to Neutral from Underperform at BofA
- Westlake price target lowered to $170 from $174 at RBC Capital