STOCK TITAN

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 Chemical Partners (NYSE: WLKP) has released information regarding the 2021 investor tax reporting, noting that a new Schedule K-3 will be used to report items of international tax relevance. This is particularly important for foreign unitholders and those with U.S. international reporting obligations. The Partnership affirms that all income is effectively connected to a U.S. trade or business. The Schedule K-3 for tax year 2021 is now available online and is recommended for review by unitholders for tax return completion.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.24%
Tags
none
-
Rhea-AI Summary

The Board of Directors of Westlake Corporation (NYSE: WLK) has authorized a $500 million share repurchase under its existing program, bringing the total available for repurchase to $550 million. As of August 12, 2022, approximately 9.8 million shares were bought at around $600 million. Additionally, a regular dividend of $0.3570 per share has been declared for Q2 2022, a 20% increase from Q1 2022, marking the 72nd consecutive quarterly dividend since its IPO in August 2004.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1%
Tags
buyback dividends
-
Rhea-AI Summary

Westlake Chemical Partners LP (NYSE: WLKP) declared a quarterly distribution of $0.4714 per unit, marking its 32nd consecutive distribution. For Q2 2022, net income was $16.4 million, a decrease of $8.7 million from Q2 2021. Cash flows from operating activities also fell to $120.9 million, down $10.8 million year-over-year. MLP distributable cash flow was $19.6 million, a decrease from $25.5 million in Q2 2021. Despite these declines, the partnership maintains strong production volumes and a stable sales agreement with Westlake, ensuring predictable cash flows and solid returns for unitholders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.79%
Tags
none
Rhea-AI Summary

Westlake Corporation (NYSE: WLK) reported record second quarter 2022 results, with net sales reaching $4.5 billion, up 57% year-over-year. Net income was $858 million, a 64% increase, while EBITDA stood at $1.5 billion, reflecting a 56% rise. The Performance and Essential Materials segment drove this growth with a 32% increase in overall prices and a 25% volume surge, fueled by strategic acquisitions and strong demand, especially in housing and infrastructure products. Despite higher costs, margins expanded due to effective pricing strategies.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.79%
Tags
none
-
Rhea-AI Summary

The Board of Directors of Westlake Chemical Partners has declared a quarterly distribution of $0.4714 per unit, payable on August 25, 2022, to unit holders of record by August 11, 2022. This marks the 32nd quarterly distribution since its IPO. The Partnership, operating and developing ethylene production facilities, holds a 22.8% interest in Westlake Chemical OpCo LP, which owns three processing facilities in Kentucky and Louisiana. Non-U.S. investors are subject to federal income tax withholding on distributions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.79%
Tags
none
-
Rhea-AI Summary

Westlake Chemical Partners (NYSE: WLKP) is set to release its second quarter 2022 earnings on August 2, 2022, prior to the market opening. A conference call will be held at 1:00 p.m. Eastern Time to discuss the earnings. Interested participants must pre-register to access the call via phone, with details available on their website. The call will also be accessible via webcast. Westlake Chemical Partners focuses on operating, acquiring, and developing ethylene production facilities, holding a 22.8% interest in Westlake Chemical OpCo LP, which operates three facilities in Kentucky and Louisiana.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.33%
Tags
Rhea-AI Summary

Westlake Corporation (NYSE: WLK) will announce its second quarter 2022 earnings on August 2, 2022, before the market opens. A conference call to discuss the earnings will be held at 11:00 a.m. ET, accessible via phone and webcast. Interested parties can dial (800) 715-9871 for domestic calls or (646) 307-1963 for international access. A replay of the call will be available shortly after its conclusion. Westlake is a global manufacturer providing essential materials across various sectors, including construction and healthcare.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.33%
Tags
-
Rhea-AI Summary

Westlake Royal Building Products has launched Province Slate, a new composite slate roofing tile that offers a traditional slate appearance with modern durability. This 12-inch tile features an 8-inch exposure and is Class A fire-rated and Class 4 impact-rated, suitable for various climates. Made from virgin resins and fire retardants, it ensures low maintenance and comes with a Lifetime Limited Materials Warranty. Available in six popular colors, Province Slate provides a cost-effective solution compared to traditional slate and high-end roofing options.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.19%
Tags
none
-
Rhea-AI Summary

Westlake Royal Building Products has introduced five new colors for its Royal® Siding and Exterior Portfolio® vinyl siding lines, reflecting contemporary design trends. The colors, inspired by nature, include tones of gray, blue-gray, brown, and green. Marketing VP Steve Booz emphasized the importance of color for designers and homeowners, stating that these additions are expected to be top-sellers. The new options utilize Chromatix™ technology for fade resistance and are available across various siding formats, enhancing the company's product appeal in the competitive market.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.04%
Tags
none
Rhea-AI Summary

Westlake Corporation (NYSE: WLK) has declared a regular dividend of $0.2975 per share, scheduled for payment on June 7, 2022. This dividend is aimed at stockholders of record by May 23, 2022. Notably, this marks the company's 71st consecutive quarterly dividend since its IPO in August 2004. Westlake specializes in manufacturing materials and innovative products across several sectors, including construction, packaging, and healthcare, solidifying its presence in global markets.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.01%
Tags
dividends

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
Link
United States
HOUSTON