other material
confidence high
sentiment neutral
materiality 0.45
Westlake HIP investor event: $4.3B revenue, ~$84B TAM, 5-7% organic CAGR
WESTLAKE CORP
- HIP revenue of $4.3B for twelve months ended March 31, 2024; housing accounts for ~$3.6B, infrastructure $0.7B.
- Estimated HIP total addressable market ~$84B; expected organic revenue CAGR 5-7%.
- Three main businesses: Westlake Royal Building Products, Pipe & Fittings, Global Compounds.
- Dimex recycled-compounds (PIVOTAL) sales revenue up 48% YTD; total Dimex sales +10%.
- HIP has grown via acquisitions including Boral (2021), Dimex, LASCO Fittings, DaVinci Roofing.