secwatch.observer — SEC 8-K summary
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Issuer:     WESTLAKE CORP (WLK)
CIK:        0001262823
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001262823-24-000023
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1262823/000126282324000023/0001262823-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1262823/000126282324000023/wlk-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001262823-24-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer