secwatch.observer — SEC 8-K summary
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Issuer:     WESTLAKE CORP (WLK)
CIK:        0001262823
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001262823-24-000050
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westlake Q3 GAAP EPS $0.83, adjusted $1.41; EBITDA down 22% QoQ on outages and mothball
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- Net sales $3.1B flat YoY but down 3% QoQ; volume -4%, price +1%.
- GAAP net income $108M ($0.83/sh); adjusted net income $183M ($1.41/sh) excl. $75M mothball charge.
- PEM segment EBITDA $297M excl. Item (-24% QoQ); impacted by ~$120M from two extended outages at ethylene JV and chlorovinyl plant.
- HIP segment EBITDA $262M (-22% QoQ) due to slower residential construction and weather (Hurricanes Beryl, Helene).
- Cash $2.9B, debt $4.6B; redeemed $300M senior notes; capex $220M, free cash flow $254M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1262823/000126282324000050/0001262823-24-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1262823/000126282324000050/wlk-20241105.htm
  HTML page:      https://secwatch.observer/filing/0001262823-24-000050

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