Westlake reports Q2 EPS (9c) ex-items, consensus 6c

Reports Q2 revenue $2.95B, consensus $2.98B. Q2 earnings of ($1.11) were impacted by $130M from the closure of the company’s Epoxy facility in Pernis, The Netherlands, and the temporary cessation of a PVC resin production unit at the company’s Huasu joint venture in China. “Our overall financial performance in the second quarter of 2025 reflected several headwinds, many of which we believe are transitory in nature. During the second quarter of 2025 our HIP segment delivered solid results against a backdrop of lower North American residential construction activity. HIP sales of $1.2B were similar to the prior year period despite lower U.S. housing starts and repair and remodel spending, reflecting the important role that our products play in delivering value to our customers and our strategy to ‘win with the winners’ by being a supplier of choice for the faster-growing end customers in the market,” said Jean-Marc Gilson, CEO.