Westlake Q1 net income $174M ($1.34 EPS); HIP EBITDA record $264M

WESTLAKE CORP

2024-Q1 EPS reported $1.34 revenue$2,975,000,000

Net sales $2,975M down 11% YoY; net income $174M down from $394M YoY.
HIP segment record Q1 income from operations $210M, EBITDA $264M (25% margin).
PEM segment operating income $22M down from $403M YoY due to weak demand.
Cash $3.1B, debt $4.9B; operating cash flow $169M in Q1.
Investor event focused on HIP segment on June 13, 2024.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WESTLAKE CORP reported first quarter 2024 results: revenue $2,975, net income $174, EPS $1.34.

Period: first quarter 2024
Revenue: $2,975
Net income: $174
EPS: $1.34
Result: reported results

Exact text from the filing

except per share data and percentages) Three Months Ended March 31, 2024 Three Months Ended December 31, 2023 Three Months Ended March 31, 2023 Westlake Corporation Net sales $ 2,975 $ 2,826 $ 3,356 Income (loss) from operations $ 223 $ (552) $ 536 Net income (loss) attributable to Westlake Corporation $ 174 $ (497) $ 394 Diluted earnings (loss) per common

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379 earnings releases filed in the last 30 days. Browse all earnings releases →

WESTLAKE CORP filing history →

Source: SEC EDGAR

accession 0001262823-24-000023

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