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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 Pipe & Fittings Announces Investment to Manufacture PVCO Pipe
HOUSTON--(BUSINESS WIRE)--Westlake Pipe & Fittings, a division of Westlake Corporation (NYSE: WLK), has announced plans to build a new molecular-oriented polyvinyl chloride (PVCO) pipe plant at its manufacturing site in Wichita Falls, Texas. The facility expansion marks a significant milestone...
Westlake Royal Building Products™ Adds Two New Colors to Cedar Renditions™ Aluminum Siding Line
HOUSTON--(BUSINESS WIRE)--Westlake Royal Building Products™ (“Westlake Royal”), a Westlake company (NYSE:WLK), has announced the addition of two new colors to the Cedar Renditions™ aluminum siding line. The new colors include Burntwood, a traditional color offering a unique stained woodgrain look,...
Nordson Likely To Report Higher Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Analysts expect the Westlake, Ohio-based company to report quarterly earnings at $2.31 per share, up from $2.26 per share in the year-ago period. Nordson is projected to report quarterly revenue of $661.41 million, according to data from Benzinga Pro. Nordson...
Westlake Pipe & Fittings Expands Operations with New Distribution Center in Florida
HOUSTON--(BUSINESS WIRE)--Westlake Pipe & Fittings announces the grand opening of a new distribution center in Lakeland, Florida, a milestone in the company's strategic expansion efforts. The new facility, featuring close to 200,000 square feet of warehouse storage for PVC fittings...
Westlake Corporation Declares Quarterly Dividend
HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Corporation (NYSE: WLK) today declared a regular dividend distribution of 50 cents per share for the first quarter of 2024. This dividend will be payable on June 6, 2024, to stockholders of record...
Westlake's (WLK) Earnings and Revenues Beat Estimates in Q1
Westlake's (WLK) first-quarter earnings and sales beat estimates amid lower average selling prices.
Westlake to Showcase Solutions for Enhancing Your Life Every Day® at NPE 2024
HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK), a global manufacturer and supplier of materials and innovative products, will showcase its solutions that enhance your life every day at NPE 2024 in OCCC West Hall Booth 203 ABC, to be held from May...
Westlake Water Solutions Reminds About Safety Risks Posed by Improper Pool Chlorination
HOUSTON--(BUSINESS WIRE)--Commercial pools around the country will soon open, ushering in the start of the summer season. In recognition of National Water Safety Month, which began on May 1st, Westlake Water Solutions, a business unit of Westlake Corporation (NYSE: WLK);...
Westlake (WLK) Reports Q1 Earnings: What Key Metrics Have to Say
The headline numbers for Westlake (WLK) give insight into how the company performed in the quarter ended March 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) Q1 Earnings and Revenues Top Estimates
Westlake Chemical (WLK) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $3.05 per share a year ago.
Source: https://incomestatements.info
Category: Stock Reports