secwatch.observer — SEC 8-K summary
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Issuer:     WESTLAKE CORP (WLK)
CIK:        0001262823
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001262823-24-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westlake Q2 net income $313M, record HIP EBITDA $336M; names new CEO
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- Net sales $3,207M, net income $313M ($2.40 diluted EPS), up from $297M in Q2 2023.
- Record HIP segment income from operations $266M, EBITDA $336M (28% margin).
- PEM segment income from operations $157M, up $135M sequentially on higher pricing.
- Announced plan to mothball two European epoxy units to reduce costs and improve profitability.
- Jean-Marc Gilson named President and CEO; Albert Chao becomes Executive Chairman.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1262823/000126282324000041/0001262823-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1262823/000126282324000041/wlk-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001262823-24-000041

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