Westlake reports record full-year 2022 sales but Q4 EPS drops 64% YoY to $1.79

WESTLAKE CORP

2022-FY EPS reported $17.34 revenue$15,794,000,000

Full-year 2022 net sales $15.8B (record), net income $2.25B, EBITDA $4.18B; Q4 net sales $3.3B, net income $232M.
Q4 diluted EPS $1.79 vs $4.98 in Q4 2021 and $3.10 in Q3 2022; driven by lower sales prices, volumes, and elevated energy costs.
PEM segment Q4 operating income $219M (-73% YoY); HIP segment $68M (-21% YoY) on lower volumes and destocking.
Free cash flow $538M in Q4, $2.29B for full year; cash $2.23B, debt $4.88B; targeting $55-$105M additional savings in 2023.
Management cautious on 2023: expects PEM to benefit from cost advantage, HIP to see slowing residential construction but modest R&R growth.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WESTLAKE CORP reported the twelve months ended December 31, 2022 results: revenue $ 15,794, net income $ 2,247, EPS $ 17.34.

Period: the twelve months ended December 31, 2022
Revenue: $ 15,794
Net income: $ 2,247
EPS: $ 17.34
Result: reported results

Exact text from the filing

Net sales $ 3,299 $ 3,507 $ 15,794 $ 11,778 Income from operations $ 327 $ 873 $ 3,050 $ 2,800 Net income attributable to Westlake Corporation $ 232 $ 644 $ 2,247 $ 2,015 Diluted earnings per common share $ 1.79 $ 4.98 $ 17.34 $ 15.58

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WESTLAKE CORP reported the three months ended December 31, 2022 results: revenue $3,299 million, net income $232 million, EPS $1.79.

Period: the three months ended December 31, 2022
Revenue: $3,299 million
Net income: $232 million
EPS: $1.79
Result: reported results

Exact text from the filing

For the three months ended December 31, 2022, the Company reported quarterly net income of $232 million, or $1.79 per share, on net sales of $3,299 million.

View on SEC.gov

Browse all earnings releases →

WESTLAKE CORP filing history →

Source: SEC EDGAR

accession 0001262823-23-000008

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.