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 |
---|---|---|---|
1/10/2025 | $144.00 | Neutral → Buy | UBS |
12/18/2024 | $152.00 → $140.00 | Neutral → Buy | Citigroup |
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 |
DaVinci® Roofscapes has announced the six outstanding winners of the 2024 DaVinci® Masterpiece Contractor Project of the Year Awards. Five residential projects and one commercial project from across the country have been chosen to receive the prestigious award. Qualifications for DaVinci Masterpiece Contractors to receive the award include excellence of installation work, outstanding visual impact and ability of the roofing work to transform the look of a home or commercial project. The top honors for residential projects are awarded to: Allstar Construction, Eden Prairie, Minn., for the reconstruction and reroofing of a historic home following a fire. DaVinci Multi-Width Slate roofing
Measuring accessory boosts efficiency and precision for onsite trim fabrication Westlake Royal Building Products™ ("Westlake Royal"), a Westlake company (NYSE:WLK), has launched Tapco Tape™, a measuring accessory that speeds custom bends and cuts on Tapco Tools® siding and trim brakes. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241217733259/en/Tapco brake with Tapco Tape (Photo: Business Wire) Tapco Tape attaches easily to a Tapco Tools brake to provide an instant scale for bends and cut-offs, allowing users to measure from the brake anvil and with a 1.5" offset for use with the Pro-Cutoff without using a standalone tape m
Westlake Innovations, Inc., a subsidiary of Westlake Corporation (NYSE:WLK), today announced the company has invested in Universal Matter, Inc. The Burlington, Ontario-based company's vision is to become the leading supplier of high-quality and sustainable graphene and advanced materials to help decarbonize the planet. Westlake's action builds upon the company's commitment to helping develop a more sustainable future through continuous improvement its own manufacturing as well as strategic investments in innovative technologies and startup firms. Universal Matter has pioneered and patented Flash Joule Heating (FJH) technology that allows for cost-effective, industrial-scale upcycling of c
Easy installation, superior airflow, and weather protection are cornerstones of new ridge vent solution Westlake Royal Building Products™ (Westlake Royal), a Westlake company (NYSE:WLK), has introduced Dryroll™, a universal ridge vent and weather block. Designed to safeguard the roof from the elements, the ridge vent solution also helps to exhaust heat and moisture from the roof. With rollable installation, the product blends smoothly with the roof and reduces unappealing field vents and roof penetrations. "Dryroll ridge vent is a cutting-edge solution, which optimizes roof protection and attic ventilation," says Steve Booz, vice president, marketing for Westlake Royal Building Products
Westlake Corporation (NYSE:WLK) today announced that Mr. Roger A. Cregg has been appointed to the company's board of directors. Mr. Cregg succeeds Mr. Marius A. Haas who, as previously disclosed, informed the board that he intended to retire from the board effective upon the appointment of his successor. Mr. Haas' retirement from the board was effective on December 10, 2024. "We are delighted that Roger has agreed to join our board," said Westlake Corporation Executive Chairman Albert Chao. "He brings a unique combination of experience and in-depth knowledge about the home building and other industries. We look forward to working with him as he shares his perspectives with the board. We w
Westlake Corporation (NYSE:WLK) today released its 2023 Sustainability Report, the company's seventh voluntary annual update on sustainability innovations in products and continuous improvement in operations. The report also expands on the Company's contributions to local communities as well as advancements in employee collaboration and professional development. "We believe great ideas and innovations start with listening. Some of our greatest successes and operational improvements were inspired by our employees and customers," said Jean-Marc Gilson, President and Chief Executive Officer. "Our sustainability reporting approach gives us additional opportunities to deepen engagement with ou
$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
SC 13G/A - WESTLAKE CORP (0001262823) (Subject)
SC 13G/A - WESTLAKE CORP (0001262823) (Subject)
SC 13G/A - WESTLAKE CHEMICAL CORP (0001262823) (Subject)
SC 13G/A - WESTLAKE CHEMICAL CORP (0001262823) (Subject)
$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
4 - WESTLAKE CORP (0001262823) (Issuer)
3 - WESTLAKE CORP (0001262823) (Issuer)
4 - WESTLAKE CORP (0001262823) (Issuer)
4 - WESTLAKE CORP (0001262823) (Issuer)
4 - WESTLAKE CORP (0001262823) (Issuer)
4 - WESTLAKE CORP (0001262823) (Issuer)
4 - WESTLAKE CORP (0001262823) (Issuer)
4 - WESTLAKE CORP (0001262823) (Issuer)
4 - WESTLAKE CORP (0001262823) (Issuer)
4 - WESTLAKE CORP (0001262823) (Issuer)
UBS upgraded Westlake Corporation from Neutral to Buy and set a new price target of $144.00
Citigroup upgraded Westlake Corporation from Neutral to Buy and set a new price target of $140.00 from $152.00 previously
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
10-Q - WESTLAKE CORP (0001262823) (Filer)
8-K - WESTLAKE CORP (0001262823) (Filer)
8-K - WESTLAKE CORP (0001262823) (Filer)
10-Q - WESTLAKE CORP (0001262823) (Filer)
8-K - WESTLAKE CORP (0001262823) (Filer)
8-K - WESTLAKE CORP (0001262823) (Filer)
8-K - WESTLAKE CORP (0001262823) (Filer)
8-K - WESTLAKE CORP (0001262823) (Filer)
8-K - WESTLAKE CORP (0001262823) (Filer)
8-K - WESTLAKE CORP (0001262823) (Filer)
Westlake Corporation (NYSE:WLK) today announced that Mr. Roger A. Cregg has been appointed to the company's board of directors. Mr. Cregg succeeds Mr. Marius A. Haas who, as previously disclosed, informed the board that he intended to retire from the board effective upon the appointment of his successor. Mr. Haas' retirement from the board was effective on December 10, 2024. "We are delighted that Roger has agreed to join our board," said Westlake Corporation Executive Chairman Albert Chao. "He brings a unique combination of experience and in-depth knowledge about the home building and other industries. We look forward to working with him as he shares his perspectives with the board. We w
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