See more : Agripure Holdings Public Company Limited (APURE.BK) 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 Corporation Reports First Quarter 2024 Results
Westlake (WLK) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Westlake Royal Building Products™ Signs on as the Title Sponsor of the National Association of Home Builders (NAHB) National Home Remodeling Month Initiative in May
Westlake Chemical (WLK) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
Westlake Chemical Partners: Stabilised And Hoping For More End-Market Volume (Downgrade)
Westlake Corporation: Looks Attractive Even Without Momentum Assumptions
Westlake Epoxy Introducing New Lower Yellowing Epoxy Products
Westlake Announces First Quarter 2024 Earnings Conference Call
Westlake (WLK) Up 11% Since Last Earnings Report: Can It Continue?
Westlake to Host Housing & Infrastructure Products-Focused Investor Event
Source: https://incomestatements.info
Category: Stock Reports