Westlake Corporation Reports Second Quarter 2023 Results
- Performance and Essential Materials segment experiences a decrease in sales volumes and average selling prices.
- Housing and Infrastructure Products segment shows sequential volume growth.
- Net sales, net income, and EBITDA decrease compared to the first quarter of 2023.
- Performance and Essential Materials segment's operating margin and EBITDA margin decline.
- Overall sales prices for the Company decrease sequentially and year-over-year.
- PEM's EBITDA margin decreases significantly compared to the second quarter of 2022.
- Housing and Infrastructure Products segment provided earnings stability
-
Cash from operations of
and free cash flow of$555 million $315 million
SUMMARY FINANCIAL HIGHLIGHTS ($ in millions except per share data)
|
|
Three Months
|
|
Three Months
|
|
Three Months
|
||||||
|
|
|
|
|
|
|
||||||
Westlake Corporation |
|
|
|
|
|
|
||||||
Net sales |
|
$ |
3,251 |
|
$ |
3,356 |
|
$ |
4,483 |
|||
Income from operations |
|
$ |
396 |
|
$ |
536 |
|
$ |
1,175 |
|||
Operating income margin |
|
|
|
|
|
|
|
|
|
|||
Net income attributable to Westlake Corporation |
|
$ |
297 |
|
$ |
394 |
|
$ |
858 |
|||
Diluted earnings per common share |
|
$ |
2.31 |
|
$ |
3.05 |
|
$ |
6.60 |
|||
EBITDA |
|
$ |
690 |
|
$ |
825 |
|
$ |
1,456 |
|||
EBITDA margin |
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
||||||
Performance and Essential Materials ("PEM") Segment |
|
|
|
|
|
|
||||||
Net sales |
|
$ |
2,136 |
|
$ |
2,349 |
|
$ |
3,104 |
|||
Income from operations |
|
$ |
215 |
|
$ |
403 |
|
$ |
965 |
|||
Operating income margin |
|
|
|
|
|
|
|
|
|
|||
EBITDA |
|
$ |
435 |
|
$ |
615 |
|
$ |
1,162 |
|||
EBITDA margin |
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
||||||
Housing and Infrastructure Products ("HIP") Segment |
|
|
|
|
|
|
||||||
Net sales |
|
$ |
1,115 |
|
$ |
1,007 |
|
$ |
1,379 |
|||
Income from operations |
|
$ |
190 |
|
$ |
143 |
|
$ |
236 |
|||
Operating income margin |
|
|
|
|
|
|
|
|
|
|||
EBITDA |
|
$ |
244 |
|
$ |
205 |
|
$ |
310 |
|||
EBITDA margin |
|
|
|
|
|
|
|
|
|
BUSINESS HIGHLIGHTS
In the second quarter of 2023, Westlake achieved quarterly net sales of
Performance and Essential Materials average sales prices decreased
Sales volumes for Performance and Essential Materials decreased
In the second quarter of 2023, PEM's EBITDA margin decreased to
EXECUTIVE COMMENTARY
"Our second quarter of 2023 results reflected the continuing weakness in global manufacturing and industrial activity that began in the second half of 2022. We did not see a seasonal increase in Performance and Essential Materials demand in the Spring, which led to a continuation of the soft macroeconomic backdrop into the second quarter that combined with unplanned outages which drove sequential and year-over-year declines in our PEM segment EBITDA. Results in our HIP segment, while lower than the all-time record second quarter of 2022, provided stability to our overall earnings with sales volumes, operating income and EBITDA all improving from the first quarter of 2023 levels. The sequential sales volume improvement was widespread across Infrastructure Products and Housing Products," said Albert Chao, President and Chief Executive Officer.
"Looking ahead to the remainder of 2023, in our PEM segment we will focus on improving controllable costs and commercializing innovation that addresses customer sustainability challenges so that we will be well-positioned as market conditions improve. Meanwhile, in our HIP segment we believe that our diverse suite of product offerings with varied price points position us well to help our customers address homebuyer affordability concerns through substitution of materials. Finally, we continue to seek opportunities to redeploy our robust free cash flow and solid balance sheet in ways that enhance shareholder value."
RESULTS
Consolidated Results
For the three months ended June 30, 2023, the Company reported quarterly net income of
Second quarter 2023 net income of
EBITDA of
Cash and Debt
Net cash provided by operating activities was
Performance and Essential Materials Segment
Performance and Essential Materials income from operations for the second quarter of 2023 of
Sequentially, Performance and Essential Materials income from operations decreased by
Housing and Infrastructure Products Segment
For the second quarter of 2023, Housing and Infrastructure Products income from operations of
Sequentially, Housing and Infrastructure Products income from operations increased by
Forward-Looking Statements
The statements in this release and the related teleconference relating to matters that are not historical facts, including statements regarding our outlook for the performance of our business segments (such as product rates), macro demand conditions, our attempts to improve controllable costs, commercialize innovation and address customer sustainability challenges, our belief that our product offerings will allow customers to address homebuyer affordability concerns through substitution of materials, and our ability to deploy free cash flow and to enhance shareholder value are forward-looking statements. These forward-looking statements are subject to significant risks and uncertainties. Actual results could differ materially, based on factors including, but not limited to: the COVID-19 pandemic and the response thereto; general economic and business conditions; the cyclical nature of the industry; availability, cost and volatility of raw materials and utilities, including natural gas and natural gas liquids from shale production; the price of crude oil; uncertainties associated with
Use of Non-GAAP Financial Measures
This release makes reference to certain "non-GAAP" financial measures, such as EBITDA and free cash flow, as defined in Regulation G of the
About Westlake
Westlake is a global manufacturer and supplier of materials and innovative products that enhance life every day. Headquartered in
Westlake Corporation Conference Call Information:
A conference call to discuss Westlake Corporation's second quarter 2023 results will be held Thursday, August 3, 2023 at 11:00 AM Eastern Time (10:00 AM Central Time). To access the conference call, it is necessary to pre-register at https://register.vevent.com/register/BI54f3177dd32545529addfd538d503bd8. Once registered, you will receive a phone number and unique PIN number.
A replay of the conference call will be available beginning two hours after its conclusion. The conference call and replay will be available via webcast at https://edge.media-server.com/mmc/p/qupkib59.
WESTLAKE CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) |
||||||||||||||||
|
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
||||||||||||
|
|
2023 |
|
2022 |
|
2023 |
|
2022 |
||||||||
|
|
|
|
|
|
|
|
|
||||||||
|
|
(In millions of dollars, except per share data and share amounts) |
||||||||||||||
Net sales |
|
$ |
3,251 |
|
|
$ |
4,483 |
|
|
$ |
6,607 |
|
|
$ |
8,539 |
|
Cost of sales |
|
|
2,609 |
|
|
|
3,038 |
|
|
|
5,173 |
|
|
|
5,809 |
|
Gross profit |
|
|
642 |
|
|
|
1,445 |
|
|
|
1,434 |
|
|
|
2,730 |
|
Selling, general and administrative expenses |
|
|
213 |
|
|
|
220 |
|
|
|
435 |
|
|
|
420 |
|
Amortization of intangibles |
|
|
30 |
|
|
|
43 |
|
|
|
61 |
|
|
|
85 |
|
Restructuring, transaction and integration-related costs |
|
|
3 |
|
|
|
7 |
|
|
|
6 |
|
|
|
18 |
|
Income from operations |
|
|
396 |
|
|
|
1,175 |
|
|
|
932 |
|
|
|
2,207 |
|
Interest expense |
|
|
(42 |
) |
|
|
(44 |
) |
|
|
(84 |
) |
|
|
(90 |
) |
Other income, net |
|
|
23 |
|
|
|
17 |
|
|
|
45 |
|
|
|
28 |
|
Income before income taxes |
|
|
377 |
|
|
|
1,148 |
|
|
|
893 |
|
|
|
2,145 |
|
Provision for income taxes |
|
|
70 |
|
|
|
275 |
|
|
|
179 |
|
|
|
508 |
|
Net income |
|
|
307 |
|
|
|
873 |
|
|
|
714 |
|
|
|
1,637 |
|
Net income attributable to noncontrolling interests |
|
|
10 |
|
|
|
15 |
|
|
|
23 |
|
|
|
23 |
|
Net income attributable to Westlake Corporation |
|
$ |
297 |
|
|
$ |
858 |
|
|
$ |
691 |
|
|
$ |
1,614 |
|
Earnings per common share attributable to Westlake Corporation: |
|
|
|
|
|
|
|
|
||||||||
Basic |
|
$ |
2.32 |
|
|
$ |
6.65 |
|
|
$ |
5.39 |
|
|
$ |
12.52 |
|
Diluted |
|
$ |
2.31 |
|
|
$ |
6.60 |
|
|
$ |
5.35 |
|
|
$ |
12.43 |
|
Weighted average common shares outstanding: |
|
|
|
|
|
|
|
|
||||||||
Basic |
|
|
127,649,341 |
|
|
|
128,341,132 |
|
|
|
127,599,093 |
|
|
|
128,206,988 |
|
Diluted |
|
|
128,484,016 |
|
|
|
129,341,096 |
|
|
|
128,471,760 |
|
|
|
129,134,246 |
|
WESTLAKE CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) |
||||||||
|
|
June 30,
|
|
December 31,
|
||||
|
|
|
|
|
||||
|
|
(In millions of dollars) |
||||||
ASSETS |
|
|
|
|
||||
Current assets |
|
|
|
|
||||
Cash and cash equivalents |
|
$ |
2,677 |
|
$ |
2,228 |
||
Accounts receivable, net |
|
|
1,855 |
|
|
1,801 |
||
Inventories |
|
|
1,671 |
|
|
1,866 |
||
Prepaid expenses and other current assets |
|
|
93 |
|
|
78 |
||
Total current assets |
|
|
6,296 |
|
|
5,973 |
||
Property, plant and equipment, net |
|
|
8,550 |
|
|
8,525 |
||
Other assets, net |
|
|
6,135 |
|
|
6,052 |
||
Total assets |
|
$ |
20,981 |
|
$ |
20,550 |
||
|
|
|
|
|
||||
LIABILITIES AND EQUITY |
|
|
|
|
||||
Current liabilities (accounts payable and accrued and other liabilities) |
|
$ |
2,131 |
|
$ |
2,298 |
||
Long-term debt, net |
|
|
4,894 |
|
|
4,879 |
||
Other liabilities |
|
|
2,879 |
|
|
2,908 |
||
Total liabilities |
|
|
9,904 |
|
|
10,085 |
||
Total Westlake Corporation stockholders' equity |
|
|
10,544 |
|
|
9,931 |
||
Noncontrolling interests |
|
|
533 |
|
|
534 |
||
Total equity |
|
|
11,077 |
|
|
10,465 |
||
Total liabilities and equity |
|
$ |
20,981 |
|
$ |
20,550 |
WESTLAKE CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) |
||||||||
|
|
Six Months Ended June 30, |
||||||
|
|
2023 |
|
2022 |
||||
|
|
|
|
|
||||
|
|
(In millions of dollars) |
||||||
Cash flows from operating activities |
|
|
|
|
||||
Net income |
|
$ |
714 |
|
|
$ |
1,637 |
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
||||
Depreciation and amortization |
|
|
538 |
|
|
|
521 |
|
Deferred income taxes |
|
|
(51 |
) |
|
|
81 |
|
Net loss on disposition and others |
|
|
22 |
|
|
|
52 |
|
Other balance sheet changes |
|
|
(156 |
) |
|
|
(678 |
) |
Net cash provided by operating activities |
|
|
1,067 |
|
|
|
1,613 |
|
Cash flows from investing activities |
|
|
|
|
||||
Acquisition of business, net of cash acquired |
|
|
— |
|
|
|
(1,163 |
) |
Additions to investments in unconsolidated subsidiaries |
|
|
(2 |
) |
|
|
(156 |
) |
Additions to property, plant and equipment |
|
|
(507 |
) |
|
|
(493 |
) |
Other, net |
|
|
10 |
|
|
|
9 |
|
Net cash used for investing activities |
|
|
(499 |
) |
|
|
(1,803 |
) |
Cash flows from financing activities |
|
|
|
|
||||
Distributions to noncontrolling interests |
|
|
(24 |
) |
|
|
(24 |
) |
Dividends paid |
|
|
(92 |
) |
|
|
(77 |
) |
Repayment of senior notes |
|
|
— |
|
|
|
(250 |
) |
Repurchase of common stock for treasury |
|
|
(23 |
) |
|
|
(31 |
) |
Other, net |
|
|
8 |
|
|
|
5 |
|
Net cash used for financing activities |
|
|
(131 |
) |
|
|
(377 |
) |
Effect of exchange rate changes on cash, cash equivalents and restricted cash |
|
|
9 |
|
|
|
(30 |
) |
Net increase (decrease) in cash, cash equivalents and restricted cash |
|
|
446 |
|
|
|
(597 |
) |
Cash, cash equivalents and restricted cash at beginning of period |
|
|
2,246 |
|
|
|
1,941 |
|
Cash, cash equivalents and restricted cash at end of period |
|
$ |
2,692 |
|
|
$ |
1,344 |
|
WESTLAKE CORPORATION
SEGMENT INFORMATION (Unaudited) |
||||||||||||||||
|
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
||||||||||||
|
|
2023 |
|
2022 |
|
2023 |
|
2022 |
||||||||
|
|
|
|
|
|
|
|
|
||||||||
|
|
(In millions of dollars) |
||||||||||||||
Net external sales |
|
|
|
|
|
|
|
|
||||||||
Performance and Essential Materials |
|
|
|
|
|
|
|
|
||||||||
Performance Materials |
|
$ |
1,140 |
|
|
$ |
2,060 |
|
|
$ |
2,422 |
|
|
$ |
3,989 |
|
Essential Materials |
|
|
996 |
|
|
|
1,044 |
|
|
|
2,063 |
|
|
|
1,947 |
|
Total Performance and Essential Materials |
|
|
2,136 |
|
|
|
3,104 |
|
|
|
4,485 |
|
|
|
5,936 |
|
Housing and Infrastructure Products |
|
|
|
|
|
|
|
|
||||||||
Housing Products |
|
|
918 |
|
|
|
1,116 |
|
|
|
1,736 |
|
|
|
2,088 |
|
Infrastructure Products |
|
|
197 |
|
|
|
263 |
|
|
|
386 |
|
|
|
515 |
|
Total Housing and Infrastructure Products |
|
|
1,115 |
|
|
|
1,379 |
|
|
|
2,122 |
|
|
|
2,603 |
|
|
|
$ |
3,251 |
|
|
$ |
4,483 |
|
|
$ |
6,607 |
|
|
$ |
8,539 |
|
Income (loss) from operations |
|
|
|
|
|
|
|
|
||||||||
Performance and Essential Materials |
|
$ |
215 |
|
|
$ |
965 |
|
|
$ |
618 |
|
|
$ |
1,844 |
|
Housing and Infrastructure Products |
|
|
190 |
|
|
|
236 |
|
|
|
333 |
|
|
|
421 |
|
Corporate and other |
|
|
(9 |
) |
|
|
(26 |
) |
|
|
(19 |
) |
|
|
(58 |
) |
|
|
$ |
396 |
|
|
$ |
1,175 |
|
|
$ |
932 |
|
|
$ |
2,207 |
|
Depreciation and amortization |
|
|
|
|
|
|
|
|
||||||||
Performance and Essential Materials |
|
$ |
217 |
|
|
$ |
192 |
|
|
$ |
427 |
|
|
$ |
376 |
|
Housing and Infrastructure Products |
|
|
51 |
|
|
|
70 |
|
|
|
106 |
|
|
|
141 |
|
Corporate and other |
|
|
3 |
|
|
|
2 |
|
|
|
5 |
|
|
|
4 |
|
|
|
$ |
271 |
|
|
$ |
264 |
|
|
$ |
538 |
|
|
$ |
521 |
|
Other income, net |
|
|
|
|
|
|
|
|
||||||||
Performance and Essential Materials |
|
$ |
3 |
|
|
$ |
5 |
|
|
$ |
5 |
|
|
$ |
13 |
|
Housing and Infrastructure Products |
|
|
3 |
|
|
|
4 |
|
|
|
10 |
|
|
|
6 |
|
Corporate and other |
|
|
17 |
|
|
|
8 |
|
|
|
30 |
|
|
|
9 |
|
|
|
$ |
23 |
|
|
$ |
17 |
|
|
$ |
45 |
|
|
$ |
28 |
|
WESTLAKE CORPORATION
RECONCILIATION OF EBITDA TO NET INCOME, INCOME FROM OPERATIONS AND NET CASH PROVIDED BY OPERATING ACTIVITIES (Unaudited) |
||||||||||||||||||||
|
|
Three Months
|
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
||||||||||||||
|
|
2023 |
|
2023 |
|
2022 |
|
2023 |
|
2022 |
||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
|
(In millions of dollars, except percentages) |
||||||||||||||||||
Net cash provided by operating activities |
|
$ |
512 |
|
|
$ |
555 |
|
|
$ |
913 |
|
|
$ |
1,067 |
|
|
$ |
1,613 |
|
Changes in operating assets and liabilities and other |
|
|
(121 |
) |
|
|
(283 |
) |
|
|
(1 |
) |
|
|
(404 |
) |
|
|
105 |
|
Deferred income taxes |
|
|
16 |
|
|
|
35 |
|
|
|
(39 |
) |
|
|
51 |
|
|
|
(81 |
) |
Net income |
|
|
407 |
|
|
|
307 |
|
|
|
873 |
|
|
|
714 |
|
|
|
1,637 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Other income, net |
|
|
22 |
|
|
|
23 |
|
|
|
17 |
|
|
|
45 |
|
|
|
28 |
|
Interest expense |
|
|
(42 |
) |
|
|
(42 |
) |
|
|
(44 |
) |
|
|
(84 |
) |
|
|
(90 |
) |
Provision for income taxes |
|
|
(109 |
) |
|
|
(70 |
) |
|
|
(275 |
) |
|
|
(179 |
) |
|
|
(508 |
) |
Income from operations |
|
|
536 |
|
|
|
396 |
|
|
|
1,175 |
|
|
|
932 |
|
|
|
2,207 |
|
Add: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Depreciation and amortization |
|
|
267 |
|
|
|
271 |
|
|
|
264 |
|
|
|
538 |
|
|
|
521 |
|
Other income, net |
|
|
22 |
|
|
|
23 |
|
|
|
17 |
|
|
|
45 |
|
|
|
28 |
|
EBITDA |
|
$ |
825 |
|
|
$ |
690 |
|
|
$ |
1,456 |
|
|
$ |
1,515 |
|
|
$ |
2,756 |
|
Net external sales |
|
$ |
3,356 |
|
|
$ |
3,251 |
|
|
$ |
4,483 |
|
|
$ |
6,607 |
|
|
$ |
8,539 |
|
Operating Income Margin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
EBITDA Margin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RECONCILIATION OF FREE CASH FLOW TO NET CASH PROVIDED BY OPERATING ACTIVITIES (Unaudited) |
||||||||||||||||||||
|
|
Three Months
|
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
||||||||||||||
|
|
2023 |
|
2023 |
|
2022 |
|
2023 |
|
2022 |
||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
|
(In millions of dollars) |
||||||||||||||||||
Net cash provided by operating activities |
|
$ |
512 |
|
|
$ |
555 |
|
|
$ |
913 |
|
|
$ |
1,067 |
|
|
$ |
1,613 |
|
Less: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Additions to property, plant and equipment |
|
|
(267 |
) |
|
|
(240 |
) |
|
$ |
(230 |
) |
|
|
(507 |
) |
|
|
(493 |
) |
Free Cash Flow |
|
$ |
245 |
|
|
$ |
315 |
|
|
$ |
683 |
|
|
$ |
560 |
|
|
$ |
1,120 |
|
WESTLAKE CORPORATION
RECONCILIATION OF SEGMENT EBITDA TO INCOME FROM OPERATIONS (Unaudited) |
||||||||||||||||||||
|
|
Three Months
|
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
||||||||||||||
|
|
2023 |
|
2023 |
|
2022 |
|
2023 |
|
2022 |
||||||||||
|
||||||||||||||||||||
|
|
(In millions of dollars, except percentages) |
||||||||||||||||||
Performance and Essential Materials Segment |
|
|
|
|
|
|
|
|
|
|
||||||||||
Income from operations |
|
$ |
403 |
|
$ |
215 |
|
$ |
965 |
|
$ |
618 |
|
$ |
1,844 |
|||||
Add: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Depreciation and amortization |
|
|
210 |
|
|
217 |
|
|
192 |
|
|
427 |
|
|
376 |
|||||
Other income, net |
|
|
2 |
|
|
3 |
|
|
5 |
|
|
5 |
|
|
13 |
|||||
EBITDA |
|
$ |
615 |
|
$ |
435 |
|
$ |
1,162 |
|
$ |
1,050 |
|
$ |
2,233 |
|||||
Net external sales |
|
$ |
2,349 |
|
$ |
2,136 |
|
$ |
3,104 |
|
$ |
4,485 |
|
$ |
5,936 |
|||||
Operating Income Margin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
EBITDA Margin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
|
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
||||||||||||||
|
|
2023 |
|
2023 |
|
2022 |
|
2023 |
|
2022 |
||||||||||
|
||||||||||||||||||||
|
|
(In millions of dollars, except percentages) |
||||||||||||||||||
Housing and Infrastructure Products Segment |
|
|
|
|
|
|
|
|
|
|
||||||||||
Income from operations |
|
$ |
143 |
|
$ |
190 |
|
$ |
236 |
|
$ |
333 |
|
$ |
421 |
|||||
Add: |
|
|
|
|
|
|
|
|
|
|
||||||||||
Depreciation and amortization |
|
|
55 |
|
|
51 |
|
|
70 |
|
|
106 |
|
|
141 |
|||||
Other income, net |
|
|
7 |
|
|
3 |
|
|
4 |
|
|
10 |
|
|
6 |
|||||
EBITDA |
|
$ |
205 |
|
$ |
244 |
|
$ |
310 |
|
$ |
449 |
|
$ |
568 |
|||||
Net external sales |
|
$ |
1,007 |
|
$ |
1,115 |
|
$ |
1,379 |
|
$ |
2,122 |
|
$ |
2,603 |
|||||
Operating Income Margin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
EBITDA Margin |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
WESTLAKE CORPORATION
SUPPLEMENTAL INFORMATION
NET SALES PERCENTAGE CHANGE DUE TO AVERAGE SALES PRICE AND VOLUME (Unaudited) |
||||||||||||
|
|
Second Quarter 2023 vs. Second
|
|
Second Quarter 2023 vs. First
|
||||||||
|
|
Average
|
|
Volume |
|
Average
|
|
Volume |
||||
Performance and Essential Materials |
|
- |
|
- |
|
- |
|
- |
||||
Housing and Infrastructure Products |
|
- |
|
- |
|
- |
|
+ |
||||
Company |
|
- |
|
- |
|
- |
|
+ |
View source version on businesswire.com: https://www.businesswire.com/news/home/20230730038475/en/
Contact—(713) 960-9111
Investors—Steve Bender
Media—L. Benjamin Ederington
Source: Westlake Corporation
FAQ
What are Westlake Corporation's second quarter 2023 net sales?
What is the net income of Westlake Corporation for the second quarter of 2023?
What is the EBITDA of Westlake Corporation for the second quarter of 2023?
How did the Performance and Essential Materials segment perform in the second quarter of 2023?
How did the Housing and Infrastructure Products segment perform in the second quarter of 2023?