Westlake Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 11:30 am
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Westlake Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 3,115 million compared to USD 3,956 million a year ago. Net income was USD 285 million compared to USD 401 million a year ago. Basic earnings per share from continuing operations was USD 2.22 compared to USD 3.12 a year ago. Diluted earnings per share from continuing operations was USD 2.2 compared to USD 3.1 a year ago.
For the nine months, sales was USD 9,722 million compared to USD 12,495 million a year ago. Net income was USD 976 million compared to USD 2,015 million a year ago. Basic earnings per share from continuing operations was USD 7.61 compared to USD 15.65 a year ago. Diluted earnings per share from continuing operations was USD 7.56 compared to USD 15.54 a year ago.
Westlake Corporation is a manufacturer and supplier of materials and products that enhance life every day. The Company has operations in Asia, Europe, and North America. It provides building blocks for solutions from housing and construction to packaging and healthcare to automotive and the consumer. Its segments include Performance and Essential Materials and Housing and Infrastructure Products. The Performance and Essential Materials includes Westlake North American Vinyls, Westlake North American Chlor-alkali & Derivatives, Westlake European & Asian Chlorovinyls, Westlake Olefins, Westlake Polyethylene and Westlake Epoxy. The Housing and Infrastructure Products include Westlake Royal Building Products, Westlake Pipe and Fittings, Westlake Global Compounds and Westlake Dimex. Its products are used in diverse consumer and industrial markets, including residential construction, automotive products, water treatment, wind turbines, coatings as well as other durable and non-durable goods.
WESTLAKE CORPORATION 
