{"schema_version":"secwatch.filing_event.v1","accession":"0001262823-23-000029","form_type":"8-K","ticker":"WLK","cik":"0001262823","company_name":"WESTLAKE CORP","filed_at":"2023-08-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.387599+00:00","generated_at":"2026-06-12T07:22:04.167647+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Westlake Q2 net income falls to $297M from $858M YoY; EBITDA down 53%","bullets":["Net sales $3.25B (down 27% YoY); diluted EPS $2.31 vs $6.60 YoY.","PEM segment EBITDA $435M (down 63% YoY); unplanned outages impacted by ~$50M.","HIP segment EBITDA $244M (down 21% YoY) but up 19% QoQ on seasonal volume.","Cash from ops $555M, free cash flow $315M; raising 2023 cost savings target to $75-$105M.","Balance sheet: $2.68B cash, $4.89B debt at 3.2% avg rate, >16 yr maturity."],"urls":{"canonical":"https://secwatch.observer/filing/0001262823-23-000029","json":"https://secwatch.observer/filing/0001262823-23-000029.json","markdown":"https://secwatch.observer/filing/0001262823-23-000029.md","text":"https://secwatch.observer/filing/0001262823-23-000029.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1262823/000126282323000029/0001262823-23-000029-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1262823/000126282323000029/wlk-20230803.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T07:22:04.167647+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1484525c0be9463be25b487418a9ee27399031bb","claim":"WESTLAKE CORP reported second quarter 2023 results: revenue $3,251 million, net income $297 million, EPS $2.31 per share.","evidence_excerpt":"value.\" RESULTS Consolidated Results For the three months ended June 30, 2023, the Company reported quarterly net income of $297 million, or $2.31 per share, on net sales of $3,251 million. The year-over-year decrease in net income of $561 million from the second quarter of 2022 was primarily due to lower average sales prices and integrated margins in Performance","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1262823/000126282323000029/0001262823-23-000029-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter 2023"},{"label":"Revenue","value":"$3,251 million"},{"label":"Net income","value":"$297 million"},{"label":"EPS","value":"$2.31 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}