Westlake (WLK)
(Real Time Quote from BATS)
$146.21 USD
+3.11 (2.17%)
Updated Sep 19, 2024 03:58 PM ET
3-Hold of 5 3
B Value D Growth A Momentum C VGM
Company Summary
Houston, TX-based Westlake Corporation is a global producer and supplier of materials and innovative products. The company, in February 2022, changed its name to Westlake Corporation from Westlake Chemical Corporation to reflect its more diversified business portfolio. The company's range of products includes ethylene, polyethylene, styrene, vinyl intermediates, PVC, PVC Pipe, PVC windows, fence and decking components. The company utilizes most of its internally-produced basic chemicals to make higher value-added chemicals and building products.
The company’s products are used across a range of consumer and industrial markets, including flexible and rigid packaging, ...
Company Summary
Houston, TX-based Westlake Corporation is a global producer and supplier of materials and innovative products. The company, in February 2022, changed its name to Westlake Corporation from Westlake Chemical Corporation to reflect its more diversified business portfolio. The company's range of products includes ethylene, polyethylene, styrene, vinyl intermediates, PVC, PVC Pipe, PVC windows, fence and decking components. The company utilizes most of its internally-produced basic chemicals to make higher value-added chemicals and building products.
The company’s products are used across a range of consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, water treatment, refrigerants, residential and commercial construction. Westlake generated revenues of around $12,548 million in 2023.
Westlake has reorganized its reporting segments. Its two newly established reporting segments are Performance and Essential Materials and Housing and Infrastructure Products.
Performance and Essential Materials (PEM): The segment includes North American Vinyls, North American Chlor-alkali & Derivatives, European & Asian Chlorovinyls, Olefins, Polyethylene and Epoxy businesses. Performance materials consist of polyethylene, PVC and epoxy while essential materials include caustic soda, styrene, and chlorinated derivative materials. The segment accounted for 66% of total revenues in 2023.
Housing and Infrastructure Products: The unit includes Royal Building Products, Pipe & Fittings, Global Compounds and Dimex. Housing products consist of housing exterior and interior products, residential pipes and fittings and residential PVC compounds while infrastructure products include non-residential pipes and fittings and non-residential PVC compounds. The segment accounted for 34% of total revenues in 2023.
Westlake, in September 2016, concluded the acquisition of chemicals and building products maker, Axiall Corporation in an all-cash deal. The transaction represents an enterprise value of $3.8 billion. Westlake, in January 2019, also acquired global compounding solutions business, NAKAN. The combination complements its existing compounding business.
General Information
Westlake Corp
2801 POST OAK BLVD SUITE 600
HOUSTON, TX 77056
Phone: 713-960-9111
Fax: 713-963-1590
Email: investorrelations@westlake.com
Industry | Chemical - Plastic |
Sector | Basic Materials |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 11/7/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 2.07 |
Current Year EPS Consensus Estimate | 7.13 |
Estimated Long-Term EPS Growth Rate | 10.80 |
Exp Earnings Date | 11/7/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 143.10 |
52 Week High | 162.64 |
52 Week Low | 112.77 |
Beta | 1.18 |
20 Day Moving Average | 471,160.34 |
Target Price Consensus | 159.53 |
4 Week | -1.68 |
12 Week | -2.39 |
YTD | 2.24 |
4 Week | -1.64 |
12 Week | -4.83 |
YTD | -13.20 |
Shares Outstanding (millions) | 128.59 |
Market Capitalization (millions) | 18,400.61 |
Short Ratio | NA |
Last Split Date | 3/19/2014 |
Dividend Yield | 1.47% |
Annual Dividend | $2.10 |
Payout Ratio | 0.30 |
Change in Payout Ratio | 0.07 |
Last Dividend Payout / Amount | 8/20/2024 / $0.52 |
Fundamental Ratios
P/E (F1) | 20.06 |
Trailing 12 Months | 21.49 |
PEG Ratio | 1.86 |
vs. Previous Year | 3.90% |
vs. Previous Quarter | 79.10% |
vs. Previous Year | -1.35% |
vs. Previous Quarter | 7.80% |
Price/Book | 1.66 |
Price/Cash Flow | 8.48 |
Price / Sales | 1.52 |
6/30/24 | 7.84 |
3/31/24 | 7.69 |
12/31/23 | 9.70 |
6/30/24 | 4.08 |
3/31/24 | 4.01 |
12/31/23 | 5.06 |
6/30/24 | 2.61 |
3/31/24 | 2.46 |
12/31/23 | 2.37 |
6/30/24 | 1.94 |
3/31/24 | 1.83 |
12/31/23 | 1.79 |
6/30/24 | 7.11 |
3/31/24 | 6.95 |
12/31/23 | 8.50 |
6/30/24 | 2.27 |
3/31/24 | 2.13 |
12/31/23 | 3.82 |
6/30/24 | 3.83 |
3/31/24 | 3.43 |
12/31/23 | 5.58 |
6/30/24 | 86.29 |
3/31/24 | 84.41 |
12/31/23 | 84.00 |
6/30/24 | 6.15 |
3/31/24 | 6.20 |
12/31/23 | 6.07 |
6/30/24 | 0.41 |
3/31/24 | 0.42 |
12/31/23 | 0.43 |
6/30/24 | 29.24 |
3/31/24 | 29.72 |
12/31/23 | 29.97 |