See more : SCG Packaging Public Company Limited (5Y7.F) 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 | 1.49B | 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 (WLK) Unveils Cellular PVC-Made Royal WoodTone Styles
The Royal WoodTone Styles by Westlake (WLK) add both sophistication and functionality to porch ceilings and soffit applications.
Westlake (WLK) Gets ISCC PLUS Certification at its Germany Site
This recent certification illustrates Westlake's (WLK) continued commitment to being more ecologically friendly.
DaVinci Roofscapes® Launches “FRESH Colors for Homes with Brick or Stone” E-book
HOUSTON--(BUSINESS WIRE)--Westlake Royal Building Products™ (Westlake Royal), a Westlake company (NYSE:WLK), has re-introduced DaVinci® Roofscapes' online e-book providing expert insights to homeowners with stone or brick exteriors on how to create cohesive curb appeal for their properties. Authored by international...
Westlake Royal Building Products™ Showcases DaVinci Roofscapes® Composite Products at 2024 International Builders' Show (IBS)
HOUSTON--(BUSINESS WIRE)--Westlake Royal Building Products™ (Westlake Royal), a Westlake company (NYSE:WLK), showcases its DaVinci Roofscapes® line of premium composite slate and shake roof tiles at the 2024 International Builders' Show (IBS), Booth #C3819. Province® Slate, the company's popular single-width slate...
Westlake Royal Building Products™ Introduces Royal™ Knock Down Column Wraps for Easy, Affordable Curb Appeal
HOUSTON--(BUSINESS WIRE)--Westlake Royal Building Products™ (“Westlake Royal”), a Westlake company (NYSE:WLK), is pleased to introduce its Royal™ Knock Down Column Wraps, an easy-to-install and cost-effective way to add instant curb appeal to a home. Featuring best-in-class lock miter joints for...
Westlake Royal Building Products™ Announces 2024 Industry Trends at 2024 International Builders' Show
LAS VEGAS--(BUSINESS WIRE)--Westlake Royal Building Products™ (Westlake Royal), a Westlake company (NYSE:WLK), is showcasing three industry trends during the 2024 NAHB International Builders' Show® (IBS), February 27–29 in Las Vegas. Displays and signage at the center of the Westlake Royal...
Westlake (WLK) Arm to Unveil New Roofing Products at the IBS
The Unified Steel Material List Generator is the first of four new products Westlake (WLK) Royal will introduce at this year's IBS.
Westlake Epoxy Receives ISCC PLUS Certification at its Duisburg, Germany Site
HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK) announced today that its Westlake Epoxy Duisburg, Germany manufacturing site has received the International Sustainability & Carbon Plus (ISCC PLUS) certification. The site received mass balance certification for its tracing and handling of sustainable materials...
Westlake Royal Building Products™ to Unveil New Roofing Launches, Feature Durable and Efficient Roofing Lines at International Builders' Show
HOUSTON--(BUSINESS WIRE)--Westlake Royal Building Products™ (Westlake Royal), a Westlake company (NYSE:WLK), a leader in efficient and durable roofing systems and components, will exhibit its energy-efficient and weather-resistant roofing systems and solutions at the 2024 International Builders' Show (IBS) from February...
Westlake Royal Building Products™ to Showcase Be Boundless™ Campaign, Top Industry Trends and New Product Innovations at 2024 International Builders' Show
HOUSTON--(BUSINESS WIRE)--Westlake Royal Building Products™ (Westlake Royal), a Westlake company (NYSE:WLK), will showcase its Be Boundless™ campaign, top industry trends and new product innovations at the 2024 NAHB International Builders' Show® (IBS) in Las Vegas from February 27-29, 2024. Westlake...
Source: https://incomestatements.info
Category: Stock Reports
What impacted Westlake’s earnings in the fourth quarter of 2023?
Earnings in the fourth quarter were impacted by a non-cash impairment charge of $475 million related to the Company’s base epoxy resin assets in The Netherlands and the goodwill associated with our epoxy business as well as the previously disclosed $150 million ($115 million after-tax) charge related to a final …
How did Westlake’s net income change from 2022 to 2023?
Westlake annual net income for 2023 was $0.476B, a 78.7% decline from 2022. Westlake annual net income for 2022 was $2.235B, a 11.47% increase from 2021.
What were Westlake’s net sales in 2023?
The revenue of Westlake with headquarters in the United States amounted to 12.55 billion U.S. dollars in 2023. The reported fiscal year ends on December 31. Compared to the earliest depicted value from 2019 this is a total increase by approximately 4.43 billion U.S. dollars.