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Westlake Corporation (WLK)
NYSE:WLK
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.4Last Year’s EPS
-0.31Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed picture: 2025 was a challenging year with meaningful price and volume declines (full-year sales down 8%), PEM margin compression, material one-time charges ($511M) and a full-year net loss of $116M. However, management has taken decisive restructuring and cost-saving actions (achieved $170M of structural savings in 2025, closed higher-cost assets, reduced headcount ~6%) and provides a clear three‑pillar plan targeting $600M of EBITDA improvement in 2026, alongside strong liquidity (cash & securities $2.9B) and HIP resiliency (2025 HIP EBITDA $839M, 20% margin) and sustainability achievements. The call balances significant near-term negatives with concrete self-help measures and positive guidance; outcome will depend on execution and market recovery.Company Guidance
Q4 and Full-Year EBITDA (Non-GAAP)
Reported fourth-quarter EBITDA of $196,000,000 (excluding $511,000,000 of identified items) and full-year 2025 EBITDA of $1,100,000,000 on sales of $11,200,000,000.
Identified Restructuring Actions and One-Time Items
Recognized $511,000,000 of identified items in 2025 (including $495,000,000 of inventory write-offs/accrued expenses tied to the shutdown of one styrene and three core vinyl facilities in North America and an epoxy facility in Pernice, Netherlands, plus $16,000,000 of HIP footprint/sale-related accruals) and excluded these when reporting underlying results.
Structural Cost Reductions Achieved
Delivered $170,000,000 of structural cost reductions during 2025 (including an incremental $60,000,000 in Q4), achieving the company's 2025 cost savings target.
Three-Pillar Improvement Plan — $600M Target for 2026
Management expects a $600,000,000 improvement in earnings in 2026 from three pillars: $200,000,000 from footprint optimization (asset closures), $200,000,000 from improved plant reliability, and $200,000,000 from additional structural cost reductions.
HIP Segment Resilience and Guidance
HIP full-year 2025 EBITDA of $839,000,000 with a 20% EBITDA margin. 2026 HIP revenue guidance of $4,400,000,000–$4,600,000,000 and EBITDA margin guidance of 19%–21%; management cites product innovation (e.g., PVCO), municipal pipe demand, and the ACI acquisition as growth drivers.
Balance Sheet and Liquidity
Cash and securities of $2,900,000,000 and total debt of $5,600,000,000 with a long (16-year average) debt maturity profile; returned $335,000,000 to shareholders in 2025 via dividends and buybacks.
Operational Actions Taken
Closed higher-cost PEM assets (epoxy Pernice NL, a non-integrated PVC plant in China, three North American core vinyl assets, a styrene asset) and three HIP fabrication sites, and reduced headcount by ~6%, reducing exposure to low-priced export markets.
Sustainability Achievement
Achieved the target to reduce carbon emissions intensity by 20% (target for 2030) six years early (reported in the 2024 sustainability report).
2026 Financial Assumptions and Guidance Items
Company expects an effective tax rate of ~17% in 2026, cash interest expense of ~ $215,000,000, and provided guidance for 2026 CapEx of approximately $900,000,000 (company-stated guidance).
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
WLK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 24, 2026 | $93.02 | $104.17 | +11.99% |
Oct 30, 2025 | $72.83 | $67.69 | -7.05% |
Aug 05, 2025 | $75.10 | $81.83 | +8.96% |
May 02, 2025 | $90.28 | $78.13 | -13.46% |
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.
FAQ
When does Westlake Corporation (WLK) report earnings?
Westlake Corporation (WLK) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
What is Westlake Corporation (WLK) earnings time?
Westlake Corporation (WLK) earnings time is at May 05, 2026, Before Open (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 2026 (Q1) is -0.4.