Westlake reports Q1 EPS (31c) vs. $1.34 last year

Reports Q1 revenue $2.85B vs. $2.98B last year. Higher feedstock and energy costs in North America, planned turnarounds and unplanned plant outages that impacted EBITDA by approximately $80 million, and changes in sales mix drove the lower EBITDA and EBITDA margin in the first quarter of 2025 compared to each of the fourth quarter of 2024 and the first quarter of 2024. “Our first quarter of 2025 earnings were impacted by higher North American feedstock and energy costs, partially due to winter storms early in the quarter, our planned turnaround at our Petro 1 ethylene unit, and unfavorable sales mix changes in our HIP segment. HIP’s sequential sales volume growth of 4% was led by solid double-digit growth in Compounds, Siding & Trim, and Roofing, driven by the strength of our brands and leading supply positions with fast-growing customers in these markets,” said Jean-Marc Gilson, President and Chief Executive Officer.