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WESTLAKE CORPORATION - WLK STOCK NEWS

Welcome to our dedicated page for WESTLAKE CORPORATION news (Ticker: WLK), a resource for investors and traders seeking the latest updates and insights on WESTLAKE CORPORATION stock.

Overview

Westlake Corporation (WLK) is an internationally recognized manufacturer and supplier of petrochemicals, plastics, and fabricated building products. With a diverse portfolio that includes essential chemicals, polymers, and finished construction materials, Westlake’s products are the building blocks for many everyday items. The company is deeply embedded in the supply chains of multiple industries, including construction, consumer goods, and infrastructure, and is known for integrating performance and essential materials with innovative building solutions.

Core Business Segments

The business is organized into two primary segments:

  • Performance and Essential Materials: This segment manufactures a wide range of petrochemicals such as olefins, vinyl chemicals, polyethylene, and epoxies. These materials serve as the critical components for various products from packaging solutions to automotive components.
  • Housing and Infrastructure Products: Focusing on finished goods, this segment produces key building products, pipes, fittings, and other compounds. It plays a crucial role in delivering safe, durable, and sustainable materials for residential and commercial construction projects.

Industry Role and Significance

Westlake Corporation is a significant player in the chemical manufacturing and building products industries. By supplying both raw and finished materials, the company enhances routine daily operations—from the protective plastic wraps that preserve food freshness to the robust piping systems that ensure clean water distribution. This versatility underlines the company’s strategic importance in modern manufacturing and construction sectors. Their integrated approach not only supports innovation but also meets strict quality and safety standards that are critical in today’s global market.

Operational Excellence and Global Presence

Operating from multiple locations across North America, Europe, and Asia, Westlake Corporation maintains a strong global footprint. The decentralized operational model enables a flexible response to evolving market demands and ensures localized manufacturing excellence. The company’s operations reflect a strong commitment to quality in production processes and supply chain management, providing essential materials efficiently to partners worldwide.

Competitive Landscape and Differentiation

In a competitive chemical and building products industry, Westlake stands out due to its diversified product range and its capacity to serve multiple markets. Unlike companies that focus solely on raw chemicals or finished products, Westlake’s integrated business model bridges the entire value chain, enhancing its competitive differentiation. The emphasis on product reliability, process innovation, and extensive geographic presence reinforces its authority in the sector.

Expertise and Industry Insights

Westlake Corporation leverages advanced manufacturing techniques and a rigorous quality-control framework, contributing to its reputation for safety and excellence. Industry-specific processes and a deep understanding of chemical engineering have allowed the company to maintain high standards and adapt to industry dynamics. This expertise is critical in ensuring that its products continue to meet the diverse requirements of modern applications, from everyday consumer goods to specialized building materials.

Summary

With a focus on performance materials and constructed goods, Westlake Corporation delivers products that form the foundation of many everyday systems. Its ability to integrate raw chemical production with finished product manufacturing while maintaining a global operational base underlines its significance in the competitive landscape of petrochemicals and building products. This comprehensive manufacturing ecosystem demonstrates the company’s commitment to quality, efficiency, and the continuous enhancement of everyday living standards.

Rhea-AI Summary
Westlake Corporation (NYSE: WLK) reported a net loss of $497 million in the fourth quarter of 2023 due to identified items totaling $625 million, impacting Performance and Essential Materials results. Despite challenges, HIP segment achieved an income from operations of $710 million with a 23% EBITDA margin in 2023. PEM segment faced weak global industrial activity resulting in a loss from operations of $664 million.
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Westlake Corporation (WLK) declares a dividend of $0.50 per share for the fourth quarter of 2024, payable on March 14, 2024. This marks the 78th consecutive quarterly dividend since the company's IPO in 2004.
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Westlake Chemical Partners (WLKP) will release its Q4 and full year 2023 earnings on February 20, 2024. A conference call to discuss the earnings will be held at 1:00 p.m. ET. Registration is required to access the call. The call and replay will be available via webcast.
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Westlake Corporation (WLK) is set to release its Q4 and full year 2023 earnings on February 20, 2024. The company will host a conference call to discuss the earnings release, which can be accessed via phone or webcast. Investors and traders can pre-register for the call to receive a unique PIN number for access.
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Westlake Royal Building Products, a Westlake company (NYSE: WLK), has launched an all-new Material List Generator for Unified Steel, a premium brand of Westlake Royal’s Roofing Solutions. The tool simplifies the estimating process for Unified Steel Stone Coated Roofing and Westlake Royal Roofing Components. The system integrates seamlessly with roof measurements acquired traditionally or through 3D and geospatial measurement generating software solutions. It also allows users to save their projects for future reference. The Material List Generator is available at no cost for builders, contractors, and homeowners. The tool is designed to simplify the roofing process and provide a list of materials and quantities needed for a specific roof project quickly and efficiently.
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Westlake Chemical Partners LP (WLKP) has declared a distribution of $0.4714 per unit, marking the 38th quarterly distribution since its IPO. The distribution will be payable on February 20, 2024, to unit holders of record on February 2, 2024. Non-U.S. investors will be subject to federal income tax withholding at the highest applicable effective tax rate.
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Westlake Global Compounds and Westlake Dimex are partnering to leverage their expertise in PVC compounds and recycled materials, aiming to reduce waste and environmental impact. The collaboration will focus on reprocessing materials and toll processing services, with GreenCircle certifications for various compound products. The partnership will expand Westlake Dimex's tolling operations and offerings into international markets, contributing to waste reduction and recycling efforts.
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DaVinci® Roofscapes (Ticker Symbol: DAVINCI) announces the winners of the 2023 DaVinci® Masterpiece Contractor® Project of the Year Awards. The awards recognize outstanding residential and commercial roofing projects across the country. The winners were chosen based on the excellence of installation work, visual impact, and ability to transform the look of a home or commercial project. The press release features multimedia showcasing the winning projects.
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Westlake Royal Roofing Solutions™ (Ticker: WRRS) offers architects a new CEU continuing education course, allowing them to earn one CEU credit upon completion. The course focuses on efficient and resilient roofing systems and components.
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Westlake Royal Building Products (WLK) to showcase new products at The Buildings Show 2023 in Toronto. The exhibit will feature products from industry-leading brands, including Versetta Stone, Cedar Renditions, Celect Cellular Composite Siding, Royal Estate Vinyl Siding, Portsmouth Shake and Shingles, Haven Insulated Siding, and DaVinci Roofscapes. The event will also include a demonstration of Versetta Stone installation by the Westlake Royal team.
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FAQ

What is the current stock price of WESTLAKE CORPORATION (WLK)?

The current stock price of WESTLAKE CORPORATION (WLK) is $107.28 as of March 14, 2025.

What is the market cap of WESTLAKE CORPORATION (WLK)?

The market cap of WESTLAKE CORPORATION (WLK) is approximately 13.7B.

What are Westlake Corporation's core business segments?

Westlake Corporation operates in two main segments: Performance and Essential Materials, and Housing and Infrastructure Products. Each segment focuses on different ranges of petrochemicals and finished building products.

How does Westlake Corporation generate revenue?

The company generates revenue through the manufacturing and supply of a diverse range of petrochemicals, plastics, and building products. Its integrated approach across raw materials and finished goods supports multiple industry applications.

Which industries benefit from Westlake's products?

Westlake's products serve a variety of industries including construction, packaging, consumer goods, automotive, and infrastructure. Their materials form the essential building blocks for many everyday products and systems.

What is the global footprint of Westlake Corporation?

The company maintains a robust global presence with multiple manufacturing locations across North America, Europe, and Asia. This allows for efficient, localized production and timely supply to global markets.

What makes Westlake Corporation's products essential in everyday applications?

The company produces a range of high-quality chemicals and polymers that are integral to everyday products such as packaging, building components, and water infrastructure. This versatility underscores its role in modern supply chains.

How does Westlake maintain its competitive differentiation?

Westlake differentiates itself by integrating raw material production with finished product manufacturing, ensuring quality and reliability. Their comprehensive approach and global operational model enable them to meet diverse market requirements.

Is Westlake Corporation involved in innovative manufacturing techniques?

Yes, Westlake leverages advanced manufacturing and rigorous quality-control processes to produce materials that meet stringent industry standards. This commitment to innovation and excellence enhances their reputation in the market.

How are Westlake Corporation's products used in everyday life?

Westlake's products range from innovative plastics and chemicals to durable building materials. They are used in products like food packaging, automotive components, construction materials, and essential infrastructure, impacting daily living on a global scale.
WESTLAKE CORPORATION

NYSE:WLK

WLK Rankings

WLK Stock Data

13.70B
33.70M
73.35%
26.73%
1.18%
Specialty Chemicals
Industrial Organic Chemicals
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United States
HOUSTON