earnings
confidence high
sentiment negative
materiality 0.85
Westlake Q3 net loss $782M on $727M goodwill impairment; adjusted EPS -$0.29 vs $1.41 YoY
WESTLAKE CORP
2025-Q3 EPS reported
-$7.48
revenue$8,637,000,000
- Net loss $782M ($6.06/share) vs net income $108M ($0.83) YoY; excludes $744M identified items.
- EBITDA excl. items $313M, down 46% from $580M YoY, on lower PEM pricing/volume.
- HIP segment EBITDA $215M (20% margin) at low end of 2025 guidance; PEM EBITDA excl. items $90M.
- Recorded $727M non-cash goodwill impairment on North American Chlorovinyls reporting unit.
- Targeting $200M cost savings in 2026; Pernis shutdown to remove ~$100M annual losses starting 2026.