secwatch.observer — SEC 8-K summary
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Issuer:     WESTLAKE CORP (WLK)
CIK:        0001262823
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001262823-26-000019
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westlake Q1 net loss $169M ($1.31/sh); EBITDA excl. items $235M, down 20% YoY
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- Net loss of $169M (diluted loss $1.31); excl. $85M items net loss $100M ($0.77).
- Revenue $2.65B, down 7% YoY from $2.85B; EBITDA excl. items $235M vs $295M YoY.
- HIP segment sales $993M; EBITDA excl. items $186M (19% margin); Pipe & Fittings volume up on infrastructure.
- PEM segment sales $1.66B; EBITDA excl. items $36M (2% margin); hit by higher natural gas costs.
- Targeting $600M EBITDA uplift in 2026 from cost actions; closed ACI acquisition in Jan 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1262823/000126282326000019/0001262823-26-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1262823/000126282326000019/wlk-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001262823-26-000019

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