secwatch.observer — SEC 8-K summary
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Issuer:     WESTLAKE CORP (WLK)
CIK:        0001262823
Form:       8-K
Filed at:   2025-10-30T23:59:59+00:00
Accession:  0001262823-25-000061
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westlake Q3 net loss $782M on $727M goodwill impairment; adjusted EPS -$0.29 vs $1.41 YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1262823/000126282325000061/0001262823-25-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1262823/000126282325000061/wlk-20251030.htm
  HTML page:      https://secwatch.observer/filing/0001262823-25-000061

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