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Westlake Chemical Corp (WLK)
NYSE:WLK
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.83Last Year’s EPS
1.34Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: -6.95%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
Westlake Corporation showed significant strength in its HIP segment with record-breaking results and strong cost management. However, the PEM segment faced challenges with price declines and impairments. Despite these issues, strong cash reserves and shareholder returns paint a balanced picture.Company Guidance
In the Westlake Corporation fourth quarter and full year 2024 earnings conference call, management reported a robust performance with significant year-over-year growth. The company achieved sales of $2.8 billion in the fourth quarter, marking a 7% increase from the prior year, with EBITDA reaching $416 million, up from $390 million. The Housing and Infrastructure Products (HIP) segment experienced a strong 7% sales volume growth, driven by high demand for pipe, fittings, siding, and trim, contributing to a record operating income of $807 million and an EBITDA margin of 24% for the year. Performance and Essential Materials (PEM) also saw a 1% volume growth, despite facing pricing pressures due to industry capacity increases. The company realized total cost savings of $170 million in 2024, exceeding its target, while also returning $325 million to shareholders. Looking ahead, Westlake provided guidance for 2025, projecting HIP revenue between $4.4 billion and $4.6 billion with an EBITDA margin of 20% to 22%. The company emphasized its strong balance sheet, ending the year with $2.9 billion in cash and cash equivalents, positioning it well for future growth initiatives.Record Performance in Housing and Infrastructure Products (HIP) Segment
HIP segment achieved record income from operations of $807 million and a record EBITDA margin of 24% in 2024, driven by strong 8% sales volume growth. HIP contributed 85% of total segment operating income for the year.
Significant Cost Savings Achieved
Westlake exceeded its cost-saving target, achieving $170 million in total cost reductions for 2024, surpassing their initial goal of $125 million to $150 million.
Strong Cash Position
Westlake finished the year with $2.9 billion in cash and cash equivalents, providing flexibility to pursue growth opportunities.
Successful Shareholder Returns
Approximately $325 million was returned to shareholders through dividends and share repurchases, demonstrating a commitment to rewarding shareholders.
New Manufacturing Plant Construction
The construction of a new PVCO manufacturing plant in Wichita Falls, Texas, is underway to meet strong customer demand.
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WLK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WLK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $109.18 | $109.00 | -0.16% |
| Nov 05, 2024 | $130.32 | $131.38 | +0.81% |
| Aug 06, 2024 | $131.85 | $142.23 | +7.87% |
| May 01, 2024 | $145.08 | $146.87 | +1.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Westlake Chemical Corp (WLK) report earnings?
Westlake Chemical Corp (WLK) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Westlake Chemical Corp (WLK) earnings time?
Westlake Chemical Corp (WLK) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WLK EPS forecast?
WLK EPS forecast for the fiscal quarter 2025 (Q1) is 0.83.
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