Westlake Chemical Corporation, together with its subsidiaries, manufactures and markets basic chemicals, vinyls, polymers, and building products worldwide. It operates through two segments, Vinyls and Olefins. The Vinyls segment provides specialty and commodity polyvinyl chloride (PVC), vinyl chloride monomers, ethylene dichloride, chlorine, caustic soda, chlorinated derivative, and ethylene products. This segment also manufactures and sells PVC compounds and building products fabricated from PVC, including residential siding, trim and molding, pipe and fittings for various water, sewer and industrial applications, profiles for windows and doors, decking products, films for various inflatables, wall covering tapes, roofing applications, and composite roof tiles. The Olefins segment offers polyethylene, styrene monomers, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen products. Westlake Chemical Corporation offers its products to a range of customers, including chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses in various consumer and industrial markets, such as flexible and rigid packaging, automotive products, coatings, water treatment, refrigerants, and residential and commercial construction, as well as other durable and non-durable goods. The company was founded in 1986 and is headquartered in Houston, Texas. Westlake Chemical Corporation is a subsidiary of TTWF LP.
IPO Year: 2004
Exchange: NYSE
Website: westlake.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/16/2024 | $151.00 → $159.00 | Underperform → Neutral | BofA Securities |
| 9/30/2024 | $162.00 → $180.00 | Equal Weight → Overweight | Barclays |
| 8/23/2024 | $157.00 → $174.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 8/8/2024 | $170.00 | Outperform | Mizuho |
| 4/18/2024 | $138.00 → $174.00 | Hold → Buy | Deutsche Bank |
| 4/8/2024 | $154.00 | Buy → Hold | Vertical Research |
| 1/2/2024 | Sell → Hold | Tudor, Pickering, Holt & Co. | |
| 10/18/2023 | $142.00 → $129.00 | Neutral → Underperform | BofA Securities |
| 10/3/2023 | Underweight → Sector Weight | KeyBanc Capital Markets | |
| 8/8/2023 | $120.00 → $123.00 | Neutral → Underweight | JP Morgan |
Calgary, AB, April 06, 2023 (GLOBE NEWSWIRE) -- NOVA Chemicals Corporation (NOVA Chemicals) today announced the appointment of Mr. Roger Kearns as President and Chief Executive Officer, effective June 12, 2023. Mr. Kearns most recently served as the Chief Operating Officer of Westlake Corporation, the global diversified manufacturer of essential products (NYSE:WLK) with 15,000 employees, which recorded net sales of USD $15.8bn and annual net income of USD $2.2bn in 2022. Mr. Kearns succeeds Mr. Danny Dweik, who has served as interim President and CEO of NOVA Chemicals since October 2022. Mr. Dweik will remain a member of NOVA's Board of Directors and return to his role as Head of Industr
BofA Securities upgraded Westlake Corporation from Underperform to Neutral and set a new price target of $159.00 from $151.00 previously
Barclays upgraded Westlake Corporation from Equal Weight to Overweight and set a new price target of $180.00 from $162.00 previously
RBC Capital Mkts upgraded Westlake Corporation from Sector Perform to Outperform and set a new price target of $174.00 from $157.00 previously
Mizuho initiated coverage of Westlake Corporation with a rating of Outperform and set a new price target of $170.00
Deutsche Bank upgraded Westlake Corporation from Hold to Buy and set a new price target of $174.00 from $138.00 previously
Vertical Research downgraded Westlake Corporation from Buy to Hold and set a new price target of $154.00
Tudor, Pickering, Holt & Co. upgraded Westlake Corporation from Sell to Hold
BofA Securities downgraded Westlake Corporation from Neutral to Underperform and set a new price target of $129.00 from $142.00 previously
KeyBanc Capital Markets upgraded Westlake Corporation from Underweight to Sector Weight
JP Morgan downgraded Westlake Corporation from Neutral to Underweight and set a new price target of $123.00 from $120.00 previously
$0.525 per share dividend declared payable on December 12, 2024 The Board of Directors of Westlake Corporation (NYSE:WLK) today declared a regular dividend distribution of $0.525 per share for the third quarter of 2024. This dividend will be payable on December 12, 2024, to stockholders of record on November 26, 2024. Westlake announced its first dividend on November 11, 2004 and has successively been paying and increasing its dividend for the past 20 years. The statements in this release that are not historical facts, including statements regarding future payment of dividend, are forward-looking statements. These forward-looking statements are subject to significant risks and uncerta
Westlake Corporation (NYSE:WLK) (the "Company" or "Westlake") today announced third quarter 2024 results. SUMMARY FINANCIAL HIGHLIGHTS (in millions of dollars, except per share data and percentages) Three Months Ended September 30, 2024 Three Months Ended June 30, 2024 Three Months Ended September 30, 2023 Westlake Corporation Net sales $ 3,117 $ 3,207 $ 3,115 Income from operations $ 180 $ 406 $ 349 Net income attributable to Westlake Corporation $ 108 $
Initiative addresses demand, enhances customer experience Westlake Royal Building Products™ (Westlake Royal), a Westlake company (NYSE:WLK), has announced a strategic investment initiative to enhance operations and capacity of Newpoint™ Concrete Roof Tile, the durable roofing system known for its superior strength and lasting beauty, in the state of Florida. As part of the effort, the company is enhancing two of its Florida manufacturing facilities, making significant advancements and capital improvements to address burgeoning demand for the high-performance, weather-resistant concrete roof tile within the region. "This initiative demonstrates our continued commitment to serving the concr
Westlake Corporation (NYSE:WLK) will release its third quarter 2024 earnings prior to the market opening on Tuesday, November 5, 2024. The company will host a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on the same day to discuss the earnings release. To access the conference by phone, it is necessary to pre-register at https://register.vevent.com/register/BI9dd3d967e2694f52b0a3216544d073e3. Once registered, you will receive a phone number and unique PIN number. When you dial in, you will input the PIN number to be placed into the call. The conference call and replay will be available via webcast at https://edge.media-server.com/mmc/p/te7pi7po and the earnings rel
Westlake Royal Building Products™ (Westlake Royal), a Westlake company (NYSE:WLK), announced today that Versetta Stone® was named a winner in Good Housekeeping's 2025 Home Reno Awards in the "Exterior Enhancements" category. Available in a comprehensive collection of popular styles and colors, Versetta Stone is an innovative stone siding solution that offers the authentic, hand-crafted look of traditional stone masonry without the complex installation. Its convenient, panelized design features a tongue-and-groove interlocking system that ensures perfect spacing, a virtually seamless look, and easy installation with screws or nails in any weather. In addition to its ease of installation, Ve
First-of-its-kind collaboration in Houston will reprocess items into consumer products Westlake Global Compounds and Westlake Dimex, business units of Westlake Corporation (NYSE:WLK), today announced the launch of "Choose Pink," a pilot polyvinyl chloride (PVC) recycling program with Houston Methodist. The program is the first-of-its-kind at a health care system in Houston and will take place at the Outpatient Center (OPC) at Houston Methodist Hospital, the hospital's flagship location in the Texas Medical Center. The Choose Pink pilot recycling program will establish a collection system for post-patient, PVC items such as nasal cannulas and masks; oxygen tubing; and saline bags from ou
Westlake Royal Building Products™ (Westlake Royal), a Westlake company (NYSE:WLK), has unveiled its Trends Report: The Best In Home Design, offering a comprehensive look at the latest trends shaping the home design and remodeling industry. "Our Trends Report highlights the limitless potential of building materials' ability to transform aesthetics, performance, innovation and sustainability through diverse colors, textures, styles and moods," says Steve Booz, vice president of marketing for Westlake Royal Building Products. "With our extensive range of product offerings, we provide a wide array of options that fit these trends, while providing an outlet to express unique and personal desig
$0.525 per share dividend declared payable on September 5, 2024 The Board of Directors of Westlake Corporation (NYSE:WLK) today declared a regular dividend distribution of $0.525 per share for the second quarter of 2024. This dividend will be payable on September 5, 2024, to stockholders of record on August 20, 2024. This is the 80th successive quarterly dividend that Westlake has declared since completing its initial public offering in August 2004. The statements in this release that are not historical facts, including statements regarding future payment of dividend, are forward-looking statements. These forward-looking statements are subject to significant risks and uncertainties. F
Record Housing and Infrastructure Products (HIP) segment income from operations of $266 million Record HIP segment EBITDA of $336 million Sequential increases in Performance and Essential Materials (PEM) segment earnings and margins Westlake Corporation (NYSE:WLK) (the "Company" or "Westlake") today announced second quarter 2024 results. SUMMARY FINANCIAL HIGHLIGHTS (in millions of dollars, except per share data and percentages) Three Months Ended June 30, 2024 Three Months Ended March 31, 2024 Three Months Ended June 30, 2023 Westlake Corporation Net sales
Top-Down Curb Appeal Color Guidance for 7 Home Styles Westlake Royal Building Products™, a Westlake company (NYSE:WLK), has re-introduced DaVinci® Roofscapes' online e-book, providing expert insights to homeowners with a variety of different styled homes on how to create cohesive curb appeal for their properties. Launched in conjunction with National Curb Appeal Month in August, the e-book is a free 21-page step-by-step guide exploring Colonial-, Ranch-, Bungalow-, Victorian-, Spanish Mission-, European-, and New American-style of home exteriors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240801323749/en/(Photo: Business W
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UBS analyst Joshua Raskin maintains Westlake (NYSE:WLK) with a Neutral and lowers the price target from $172 to $160.
Olin Corporation (NYSE:OLN), as a member of the Ad Hoc Coalition of Epoxy Resin Producers (Coalition), comprised of Olin, Westlake Corporation (NYSE:WLK), and Spolchemie, announces that the European Commission has initiated an anti-dumping proceeding concerning imports of epoxy resins from China, the Republic of Korea, Taiwan, and Thailand. This notice of initiation published today in the European Union (EU) Official Journal results from a complaint lodged by the Coalition to investigate the level of dumping practiced by Chinese, Korean, Taiwanese, and Thai exporters on the EU market and whether dumped imports from the four targeted countries have caused material injury to the European epoxy
Barclays analyst Michael Leithead maintains Westlake (NYSE:WLK) with a Equal-Weight and raises the price target from $160 to $162.
Citigroup analyst Patrick Cunningham maintains Westlake (NYSE:WLK) with a Neutral and raises the price target from $162 to $168.
Citigroup analyst Patrick Cunningham maintains Westlake (NYSE:WLK) with a Neutral and raises the price target from $162 to $168.
In the latest quarter, 8 analysts provided ratings for Westlake (NYSE:WLK), showcasing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 5 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 1 1 1 0 0 3M Ago 0 1 3 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $165.12, a high estimate of $180.00, and a low estimate of $153.00. Surpassing the previous average price target of $146.00, the current average has in
RBC Capital analyst Arun Viswanathan reiterates Westlake (NYSE:WLK) with a Sector Perform and maintains $158 price target.
The expansion plan includes the addition of a 190,000 square-foot facility to the existing site situated at 3348 Industrial Drive, leveraging the region's strategic geographic location in the heart of the United States. Construction is currently slated to begin by the end of 2024.
$0.525 per share dividend declared payable on December 12, 2024 The Board of Directors of Westlake Corporation (NYSE:WLK) today declared a regular dividend distribution of $0.525 per share for the third quarter of 2024. This dividend will be payable on December 12, 2024, to stockholders of record on November 26, 2024. Westlake announced its first dividend on November 11, 2004 and has successively been paying and increasing its dividend for the past 20 years. The statements in this release that are not historical facts, including statements regarding future payment of dividend, are forward-looking statements. These forward-looking statements are subject to significant risks and uncerta
Westlake Corporation (NYSE:WLK) (the "Company" or "Westlake") today announced third quarter 2024 results. SUMMARY FINANCIAL HIGHLIGHTS (in millions of dollars, except per share data and percentages) Three Months Ended September 30, 2024 Three Months Ended June 30, 2024 Three Months Ended September 30, 2023 Westlake Corporation Net sales $ 3,117 $ 3,207 $ 3,115 Income from operations $ 180 $ 406 $ 349 Net income attributable to Westlake Corporation $ 108 $
Westlake Corporation (NYSE:WLK) will release its third quarter 2024 earnings prior to the market opening on Tuesday, November 5, 2024. The company will host a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on the same day to discuss the earnings release. To access the conference by phone, it is necessary to pre-register at https://register.vevent.com/register/BI9dd3d967e2694f52b0a3216544d073e3. Once registered, you will receive a phone number and unique PIN number. When you dial in, you will input the PIN number to be placed into the call. The conference call and replay will be available via webcast at https://edge.media-server.com/mmc/p/te7pi7po and the earnings rel
Record Housing and Infrastructure Products (HIP) segment income from operations of $266 million Record HIP segment EBITDA of $336 million Sequential increases in Performance and Essential Materials (PEM) segment earnings and margins Westlake Corporation (NYSE:WLK) (the "Company" or "Westlake") today announced second quarter 2024 results. SUMMARY FINANCIAL HIGHLIGHTS (in millions of dollars, except per share data and percentages) Three Months Ended June 30, 2024 Three Months Ended March 31, 2024 Three Months Ended June 30, 2023 Westlake Corporation Net sales
Westlake Corporation (NYSE:WLK) will release its second quarter 2024 earnings prior to the market opening on Tuesday, August 6, 2024. The company will host a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on the same day to discuss the earnings release. To access the conference by phone, it is necessary to pre-register at https://register.vevent.com/register/BI9ab6061c43e746338afcdc616da9a809. Once registered, you will receive a phone number and unique PIN number. When you dial in, you will input the PIN number to be placed into the call. The conference call and replay will be available via webcast at https://edge.media-server.com/mmc/p/j9tcjmaf and the earnings re
CLAYTON, Mo., July 1, 2024 /PRNewswire/ -- Olin Corporation (NYSE:OLN), as a member of the Ad Hoc Coalition of Epoxy Resin Producers (Coalition), comprised of Olin, Westlake Corporation (NYSE:WLK), and Spolchemie, announces that the European Commission has initiated an anti-dumping proceeding concerning imports of epoxy resins from China, the Republic of Korea, Taiwan, and Thailand. This notice of initiation published today in the European Union (EU) Official Journal results from a complaint lodged by the Coalition to investigate the level of dumping practiced by Chinese, Korean, Taiwanese, and Thai exporters on the EU market and whether dumped imports from the four targeted countries have c
Record first quarter Housing and Infrastructure Products (HIP) income from operations of $210 million with a 20% operating income margin HIP EBITDA of $264 million rose 29% year-over-year with a record first quarter EBITDA margin of 25% PEM sales volume grew 3% sequentially from gradual demand recovery with stable average sales prices Westlake Corporation (NYSE:WLK) (the "Company" or "Westlake") today announced first quarter 2024 results. SUMMARY FINANCIAL HIGHLIGHTS (in millions of dollars, except per share data and percentages) Three Months Ended March 31, 2024 Three Months Ended December 31, 2023 Three Months End
Westlake Corporation (NYSE:WLK) will release its first quarter 2024 earnings prior to the market opening on Wednesday, May 1, 2024. The company will host a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on the same day to discuss the earnings release. To access the conference by phone, it is necessary to pre-register at https://register.vevent.com/register/BI6dd9f6d378244f26a329eb8dfb3d39ae. Once registered, you will receive a phone number and unique PIN number. When you dial in, you will input the PIN number to be placed into the call. The conference call and replay will be available via webcast at https://edge.media-server.com/mmc/p/b4szy7np and the earnings rele
Record Housing and Infrastructure Products (HIP) annual income from operations of $710 million with a 17% income from operations margin and a 23% EBITDA margin Generated $2.3 billion of net cash from operating activities and $1.3 billion of free cash flow in 2023 Performance and Essential Materials (PEM) results impacted by Identified Items totaling $625 million Westlake Corporation (NYSE:WLK) (the "Company" or "Westlake") today announced fourth quarter and full year 2023 results. SUMMARY FINANCIAL HIGHLIGHTS ($ in millions except per share data and percentages) Three Months Ended Twelve Months Ended Decem
Westlake Corporation (NYSE:WLK) will release its fourth quarter and full year 2023 earnings prior to the market opening on Tuesday, February 20, 2024. The company will host a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on the same day to discuss the earnings release. To access the conference by phone, it is necessary to pre-register at https://register.vevent.com/register/BIb0686f53c7f44babb49b408c59ec0d23. Once registered, you will receive a phone number and unique PIN number. When you dial in, you will input the PIN number to be placed into the call. The conference call and replay will be available via webcast at https://edge.media-server.com/mmc/p/fg9k946y an