---
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"
generated_at: "2026-06-12T07:22:04.167647+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Westlake Q2 net income falls to $297M from $858M YoY; EBITDA down 53%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001262823-23-000029
- JSON: https://secwatch.observer/filing/0001262823-23-000029.json
- Plain text: https://secwatch.observer/filing/0001262823-23-000029.txt

## Key facts
- Earnings Releases
  WESTLAKE CORP reported second quarter 2023 results: revenue $3,251 million, net income $297 million, EPS $2.31 per share.
  - Period: second quarter 2023
  - Revenue: $3,251 million
  - Net income: $297 million
  - EPS: $2.31 per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1262823/000126282323000029/0001262823-23-000029-index.htm

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