---
schema_version: "secwatch.filing_event.v1"
accession: "0001262823-22-000050"
form_type: "8-K"
ticker: "WLK"
cik: "0001262823"
company_name: "WESTLAKE CORP"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T08:11:05.612969+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Westlake Q3 net income down 34% YoY to $401M; $70M legal charge; macro headwinds

## Summary
- Net income $401M ($3.10 EPS) vs $607M ($4.69) YoY; includes $70M legal charge ($0.42/share after-tax).
- Revenue $3,956M, up 29% YoY but down 12% seq; lower volumes and pricing across most segments.
- PEM EBITDA $561M (21% margin), down 41% YoY; HIP EBITDA $254M (20% margin), up 85% YoY.
- CEO cites eroding macro, higher energy costs, slowing US residential construction, caustic soda strength.
- Free cash flow $629M in Q3; cash $1,778M, total debt $4,819M; strong balance sheet.

## SEC filing metadata
- accession: 0001262823-22-000050
- form_type: 8-K
- ticker: WLK
- cik: 0001262823
- company_name: WESTLAKE CORP
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1262823/000126282322000050/0001262823-22-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1262823/000126282322000050/wlk-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001262823-22-000050
- JSON: https://secwatch.observer/filing/0001262823-22-000050.json
- Plain text: https://secwatch.observer/filing/0001262823-22-000050.txt

## Key facts
- Earnings Releases
  WESTLAKE CORP reported third quarter 2022 results: revenue $3,956 million, net income $401 million, EPS $3.10.
  - Period: third quarter 2022
  - Revenue: $3,956 million
  - Net income: $401 million
  - EPS: $3.10
  - Result: reported results
  source text: Chao. RESULTS Consolidated Results For the three months ended September 30, 2022, the Company reported quarterly net income of $401 million, or $3.10 per share, on net sales of $3,956 million. The year-over-year decrease in net income of $206 million from the third quarter of 2021 was primarily due to lower global sales prices and integrated margins for our
  evidence_url: https://www.sec.gov/Archives/edgar/data/1262823/000126282322000050/0001262823-22-000050-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.