secwatch.observer — SEC 8-K summary
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Issuer:     WESTLAKE CORP (WLK)
CIK:        0001262823
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001262823-24-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westlake Q4 net loss $497M on $2.8B revenue; $625M in charges drag results
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- Q4 net loss of $497M ($3.86 diluted loss) includes $475M impairment on epoxy assets and $150M litigation settlement charge.
- Excluding identified items, Q4 net income $93M ($0.72 diluted EPS) and EBITDA $390M.
- Full-year 2023 net sales $12.5B, net income $479M, and free cash flow $1.3B.
- HIP segment posted record annual operating income of $710M with 23% EBITDA margin.
- PEM segment (ex-items) EBITDA $1.59B, down 51% YoY on weak pricing and European cost headwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1262823/000126282324000006/0001262823-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1262823/000126282324000006/wlk-20240220.htm
  HTML page:      https://secwatch.observer/filing/0001262823-24-000006

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