---
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"
generated_at: "2026-06-08T23:28:45.694998+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Westlake Q3 net income falls to $285M; HIP segment posts record operating income of $256M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- 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/1262823/000126282323000037/0001262823-23-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1262823/000126282323000037/wlk-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001262823-23-000037
- JSON: https://secwatch.observer/filing/0001262823-23-000037.json
- Plain text: https://secwatch.observer/filing/0001262823-23-000037.txt

## Key facts
- Earnings Releases
  WESTLAKE CORP reported the three months ended September 30, 2023 results: revenue $3,115 million, net income $285 million, EPS $2.20 per share.
  - Period: the three months ended September 30, 2023
  - Revenue: $3,115 million
  - Net income: $285 million
  - EPS: $2.20 per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1262823/000126282323000037/0001262823-23-000037-index.htm

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