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Westlake Chemical Corp (WLK)
NYSE:WLK
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.1Last Year’s EPS
0.72Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: -9.93%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted Westlake's strong financial position, successful cost-saving efforts, and focus on innovation. However, the company faced significant challenges due to unplanned maintenance outages and weather impacts, affecting overall performance. The outlook remains optimistic, especially in the housing market, but uncertainties in the epoxy segment persist.Company Guidance
During the Westlake Corporation Q3 2024 earnings call, management provided guidance that highlighted several key metrics. The company reported net sales of $3.1 billion, EBITDA of $580 million, and a net income of $183 million, equating to $1.41 per share. The Performance and Essential Materials (PEM) segment experienced a sequential decline in EBITDA, primarily due to $120 million in financial impacts from extended maintenance outages at two facilities, although these issues have since been resolved. Despite these setbacks, the company maintained a strong EBITDA margin of 19%, albeit lower than the previous quarter's 23%. Westlake's Housing and Infrastructure Products (HIP) segment reported EBITDA of $262 million on $1.1 billion in sales, with a margin of 24%. The company is optimistic about the macroeconomic outlook for 2025, citing potential benefits from expected interest rate reductions and continued strong demand in North America, while also focusing on cost reduction initiatives and strategic capital deployment.Strong Financial Position
Westlake reported net sales of $3.1 billion, EBITDA of $580 million, and net income of $183 million for Q3 2024. The company maintains a strong balance sheet with $2.9 billion in cash and cash equivalents.
Successful Cost Savings Initiatives
The company achieved $35 million in cost savings during Q3, reaching approximately $120 million in savings year-to-date, towards a full-year target of $125 to $150 million.
Innovation and Sustainability Efforts
Westlake continues to develop innovative products such as PVCO pipe and ABA pipe, focusing on sustainability and customer needs. The company is also expanding efforts to source recyclable PVC resin.
Positive Outlook for Housing Market
Despite weather disruptions, Westlake remains optimistic about the housing market, supported by strong partnerships with large homebuilders and a focus on addressing housing shortages.
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WLK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WLK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $130.96 | $132.02 | +0.81% |
| Aug 06, 2024 | $132.49 | $142.92 | +7.87% |
| May 01, 2024 | $145.79 | $147.59 | +1.23% |
| Feb 20, 2024 | $142.09 | $130.91 | -7.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Westlake Chemical Corp (WLK) report earnings?
Westlake Chemical Corp (WLK) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Westlake Chemical Corp (WLK) earnings time?
Westlake Chemical Corp (WLK) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WLK EPS forecast?
WLK EPS forecast for the fiscal quarter 2024 (Q4) is 1.1.
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