See more : Zaggle Prepaid Ocean Services Limited (ZAGGLE.NS) Income Statement Analysis – Financial Results
Complete financial analysis of Westlake Corporation (WLK) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Westlake Corporation, a leading company in the Chemicals – Specialty industry within the Basic Materials sector.
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Westlake Corporation (WLK)
About Westlake Corporation
Westlake Corporation manufactures and supplies petrochemicals, polymers, and building products worldwide. It operates through two segments, Performance and Essential Materials; and Housing and Infrastructure Products. The Performance and Essential Materials segment manufactures and markets polyethylene, styrene monomer, ethylene co-products, PVC, VCM, ethylene dichloride chlor-alkali, and chlorinated derivative products. The Housing and Infrastructure Products segment manufactures and sells residential PVC siding; PVC trim and moldings; roofing applications; decorative stone; windows; PVC decking; PVC films for various inflatables, wallcovering, tape, and roofing applications; polymer composite roof tiles; PVC pipe and fittings; PVC compounds; and various consumer and commercial products such as landscape edging; industrial, home and office matting; marine dock edging; and masonry joint controls. The company offers its products to a range of customers, including chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses for use in various consumer and industrial markets, including residential construction, flexible and rigid packaging, automotive products, healthcare products, water treatment, and coatings, as well as other durable and non-durable goods. The company was formerly known as Westlake Chemical Corporation and changed its name to Westlake Corporation in February 2022. The company was founded in 1986 and is headquartered in Houston, Texas. Westlake Corporation is a subsidiary of TTWF LP.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12.55B | 15.79B | 11.78B | 7.50B | 8.12B | 8.64B | 8.04B | 5.08B | 4.46B | 4.42B | 3.76B | 3.57B | 3.62B | 3.17B | 2.33B | 3.69B | 3.19B | 2.48B | 2.44B | 1.99B | 1.42B | 1.07B | 1.09B | 1.39B | 1.06B |
| Cost of Revenue | 10.33B | 11.72B | 8.28B | 6.48B | 6.86B | 6.65B | 6.27B | 4.09B | 3.28B | 3.10B | 2.66B | 2.83B | 3.06B | 2.69B | 2.13B | 3.62B | 2.92B | 2.09B | 2.00B | 1.68B | 1.30B | 992.06M | 1.12B | 1.19B | 887.96M |
| Gross Profit | 2.22B | 4.07B | 3.50B | 1.02B | 1.26B | 1.99B | 1.77B | 980.56M | 1.19B | 1.32B | 1.10B | 736.96M | 559.01M | 482.68M | 195.13M | 69.37M | 271.40M | 396.48M | 443.63M | 303.19M | 121.95M | 80.57M | -29.92M | 198.92M | 169.68M |
| Gross Profit Ratio | 17.68% | 25.79% | 29.67% | 13.63% | 15.52% | 23.01% | 22.00% | 19.32% | 26.55% | 29.84% | 29.30% | 20.64% | 15.44% | 15.22% | 8.39% | 1.88% | 8.50% | 15.96% | 18.17% | 15.27% | 8.57% | 7.51% | -2.75% | 14.29% | 16.04% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 865.00M | 794.00M | 528.00M | 435.00M | 0.00 | 445.00M | 399.00M | 295.44M | 225.36M | 193.36M | 147.97M | 121.61M | 112.21M | 104.32M | 87.87M | 98.91M | 96.68M | 83.23M | 76.60M | 60.24M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 41.00M | 23.00M | 14.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 865.00M | 835.00M | 551.00M | 449.00M | 458.00M | 445.00M | 399.00M | 295.44M | 225.36M | 193.36M | 147.97M | 121.61M | 112.21M | 104.32M | 87.87M | 98.91M | 96.68M | 83.23M | 76.60M | 60.24M | 57.01M | 64.26M | 0.00 | 62.04M | 52.09M |
| Other Expenses | 625.00M | 155.00M | 123.00M | 109.00M | 109.00M | 52.00M | 7.00M | 56.40M | 38.27M | -2.72M | 6.79M | 3.52M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -219.00K | -877.00K | 2.24M | -60.88M | 10.78M | 2.75M |
| Operating Expenses | 865.00M | 990.00M | 674.00M | 558.00M | 567.00M | 546.00M | 507.00M | 295.44M | 225.36M | 193.36M | 147.97M | 121.61M | 112.21M | 104.32M | 87.87M | 98.91M | 96.68M | 83.23M | 76.60M | 60.02M | 56.14M | 66.50M | -60.88M | 72.82M | 54.84M |
| Cost & Expenses | 11.82B | 12.71B | 8.96B | 7.04B | 7.43B | 7.19B | 6.78B | 4.39B | 3.50B | 3.29B | 2.81B | 2.96B | 3.17B | 2.79B | 2.22B | 3.72B | 3.02B | 2.17B | 2.07B | 1.74B | 1.36B | 1.06B | 1.12B | 1.27B | 942.79M |
| Interest Income | 0.00 | 24.00M | 7.00M | 14.00M | 20.00M | 0.00 | 0.00 | 8.42M | 6.03M | 3.47M | 3.09M | 4.01M | 2.87M | 1.51M | 823.00K | 4.56M | 2.89M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 165.00M | 177.00M | 176.00M | 142.00M | 124.00M | 126.00M | 159.00M | 79.47M | 34.66M | 37.35M | 18.08M | 43.05M | 50.99M | 39.88M | 34.96M | 33.96M | 18.42M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 1.10B | 1.06B | 840.00M | 773.00M | 713.00M | 641.00M | 601.00M | 377.67M | 245.76M | 208.49M | 157.81M | 144.54M | 131.40M | 128.73M | 123.20M | 111.93M | 104.27M | 87.11M | 82.70M | 83.17M | 88.18M | 88.02M | 60.88M | 78.76M | 86.46M |
| EBITDA | 1.96B | 4.18B | 3.69B | 1.25B | 1.41B | 2.10B | 1.84B | 1.02B | 1.19B | 1.33B | 1.12B | 772.76M | 583.82M | 511.57M | 236.91M | 87.86M | 280.89M | 385.33M | 450.29M | 243.17M | 154.00M | 102.09M | -29.92M | 204.87M | 201.30M |
| EBITDA Ratio | 15.64% | 26.67% | 31.53% | 17.08% | 17.79% | 24.71% | 23.26% | 22.05% | 27.87% | 30.12% | 29.74% | 21.38% | 15.97% | 15.99% | 9.91% | 2.23% | 8.78% | 17.16% | 18.34% | 17.09% | 11.02% | 9.10% | -2.75% | 14.58% | 17.95% |
| Operating Income | 729.00M | 3.05B | 2.80B | 429.00M | 656.00M | 1.41B | 1.23B | 581.45M | 959.83M | 1.12B | 953.46M | 615.35M | 446.80M | 378.36M | 107.26M | -29.54M | 174.72M | 313.25M | 367.03M | 243.17M | 65.82M | 14.07M | -90.80M | 126.11M | 114.84M |
| Operating Income Ratio | 5.81% | 19.31% | 23.77% | 5.72% | 8.08% | 16.31% | 15.33% | 11.46% | 21.50% | 25.46% | 25.36% | 17.23% | 12.34% | 11.93% | 4.61% | -0.80% | 5.47% | 12.61% | 15.04% | 12.25% | 4.62% | 1.31% | -8.35% | 9.06% | 10.86% |
| Total Other Income/Expenses | -29.00M | -104.00M | -123.00M | -98.00M | -86.00M | -74.00M | -144.00M | -24.62M | 3.61M | -40.07M | -11.29M | -30.18M | -45.36M | -35.40M | -28.50M | -28.48M | -15.76M | -30.70M | -21.71M | -52.50M | -42.31M | -28.28M | -26.54M | -35.42M | 11.42M |
| Income Before Tax | 700.00M | 2.95B | 2.68B | 331.00M | 570.00M | 1.33B | 1.08B | 558.38M | 963.44M | 1.08B | 942.17M | 585.17M | 401.43M | 342.96M | 78.75M | -58.02M | 158.96M | 282.55M | 345.33M | 190.66M | 23.50M | -14.20M | -117.34M | 90.69M | 126.26M |
| Income Before Tax Ratio | 5.58% | 18.65% | 22.73% | 4.41% | 7.02% | 15.45% | 13.44% | 11.00% | 21.59% | 24.55% | 25.06% | 16.39% | 11.09% | 10.81% | 3.39% | -1.57% | 4.98% | 11.37% | 14.15% | 9.60% | 1.65% | -1.32% | -10.79% | 6.51% | 11.94% |
| Income Tax Expense | 178.00M | 649.00M | 607.00M | -42.00M | 108.00M | 300.00M | -258.00M | 138.52M | 298.40M | 398.90M | 331.75M | 199.61M | 142.47M | 121.57M | 25.76M | -28.48M | 44.23M | 87.99M | 118.51M | 69.94M | 8.75M | -7.14M | -45.35M | 71.11M | 77.04M |
| Net Income | 479.00M | 2.25B | 2.02B | 330.00M | 421.00M | 996.00M | 1.30B | 398.86M | 646.01M | 678.52M | 610.43M | 385.56M | 258.97M | 221.39M | 53.00M | -29.54M | 114.73M | 194.56M | 226.82M | 120.72M | 14.76M | -7.06M | -71.99M | 55.00M | 37.80M |
| Net Income Ratio | 3.82% | 14.23% | 17.11% | 4.40% | 5.19% | 11.53% | 16.22% | 7.86% | 14.47% | 15.37% | 16.24% | 10.80% | 7.15% | 6.98% | 2.28% | -0.80% | 3.59% | 7.83% | 9.29% | 6.08% | 1.04% | -0.66% | -6.62% | 3.95% | 3.57% |
| EPS | 3.72 | 17.47 | 15.66 | 2.57 | 3.26 | 7.70 | 10.05 | 3.07 | 4.88 | 5.09 | 4.57 | 2.89 | 1.95 | 1.68 | 0.40 | -0.23 | 0.88 | 1.50 | 1.75 | 1.10 | 0.15 | -0.07 | -0.73 | 0.56 | 0.38 |
| EPS Diluted | 3.70 | 17.35 | 15.58 | 2.57 | 3.25 | 7.66 | 10.00 | 3.06 | 4.86 | 5.07 | 4.55 | 2.88 | 1.94 | 1.67 | 0.40 | -0.23 | 0.88 | 1.49 | 1.74 | 1.09 | 0.15 | -0.07 | -0.73 | 0.56 | 0.38 |
| Weighted Avg Shares Out | 127.81M | 127.97M | 128.00M | 127.85M | 128.40M | 129.40M | 129.09M | 129.37M | 131.82M | 133.11M | 133.22M | 132.58M | 131.85M | 130.95M | 131.83M | 131.25M | 130.47M | 130.27M | 130.02M | 110.46M | 99.00M | 99.00M | 99.00M | 99.00M | 99.00M |
| Weighted Avg Shares Out (Dil) | 128.60M | 128.85M | 128.70M | 128.09M | 128.76M | 129.99M | 129.54M | 129.97M | 132.30M | 133.64M | 133.78M | 133.28M | 132.60M | 131.35M | 132.03M | 131.25M | 130.65M | 130.51M | 130.50M | 110.71M | 99.00M | 99.00M | 99.00M | 99.00M | 99.00M |
Westlake Releases 2023 Sustainability Report
HOUSTON--(BUSINESS WIRE)--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...
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HOUSTON--(BUSINESS WIRE)--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...
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Westlake Corporation (WLK) Q3 2024 Earnings Call Transcript
Westlake Corporation (NYSE:WLK ) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants John Zoeller - Vice President and Treasurer Albert Chao - Executive Chairman Jean-Marc Gilson - President and CEO Steve Bender - Executive Vice...
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The headline numbers for Westlake (WLK) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Westlake Chemical (WLK) Lags Q3 Earnings and Revenue Estimates
Westlake Chemical (WLK) came out with quarterly earnings of $1.41 per share, missing the Zacks Consensus Estimate of $2.12 per share. This compares to earnings of $2.20 per share a year ago.
Westlake Chemical Partners LP Announces Third Quarter 2024 Results
HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership in the third quarter of 2024 of $18.1 million, or $0.51 per limited partner unit, an increase of $4.9 million compared to the...
Westlake Corporation Reports Third Quarter 2024 Results
HOUSTON--(BUSINESS WIRE)--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...
Westlake Chemical Partners: A Value Investor's Dream With Superb Dividend
WLKP's primary business revolves around its long-term Ethylene Sales Agreement with Westlake Corporation, which guarantees that Westlake purchases 95% of WLKP's ethylene production at a fixed margin. The company offers a solid dividend track record with a 12-month yield of...
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