{"schema_version":"secwatch.filing_event.v1","accession":"0001262823-23-000037","form_type":"8-K","ticker":"WLK","cik":"0001262823","company_name":"WESTLAKE CORP","filed_at":"2023-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.482676+00:00","generated_at":"2026-06-08T23:28:45.694998+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Westlake Q3 net income falls to $285M; HIP segment posts record operating income of $256M","bullets":["Net income $285M ($2.20 diluted EPS) vs $401M ($3.10) a year ago; revenue $3.1B down 21% YoY.","HIP segment record operating income $256M, EBITDA $327M; operating margin up to 22% from 15% YoY.","PEM segment operating income plunged to $105M from $353M YoY on lower caustic soda and PVC pricing.","Free cash flow $451M; quarterly dividend increased 40% to $0.50/share (announced August).","Management cites weak global demand; raises 2023 cost savings target to $95-$110M."],"urls":{"canonical":"https://secwatch.observer/filing/0001262823-23-000037","json":"https://secwatch.observer/filing/0001262823-23-000037.json","markdown":"https://secwatch.observer/filing/0001262823-23-000037.md","text":"https://secwatch.observer/filing/0001262823-23-000037.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1262823/000126282323000037/0001262823-23-000037-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1262823/000126282323000037/wlk-20231102.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T23:28:45.694998+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":"f7b14bc60daa32a7b81f5856c30ff857bcc1e977","claim":"WESTLAKE CORP reported the three months ended September 30, 2023 results: revenue $3,115 million, net income $285 million, EPS $2.20 per share.","evidence_excerpt":"For the three months ended September 30, 2023, the Company reported quarterly net income of $285 million, or $2.20 per share, on net sales of $3,115 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1262823/000126282323000037/0001262823-23-000037-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended September 30, 2023"},{"label":"Revenue","value":"$3,115 million"},{"label":"Net income","value":"$285 million"},{"label":"EPS","value":"$2.20 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"}