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GlobeNewswire·

Westlake Corporation Reports Second Quarter 2026 Results

  • Westlake Corporation reported second quarter 2026 net income of $260 million ($2.01 per diluted share) and net sales of $3.271 billion.
  • EBITDA reached $679 million for the quarter, representing a 100% increase compared to the second quarter of 2025.
  • The company reduced total debt by $500 million by redeeming outstanding senior notes and returned $99 million to shareholders via dividends & share repurchases.
  • Westlake returned to free cash flow generation with $111 million in the second quarter of 2026.
  • The three-pillar profitability improvement plan is on track to deliver a $600 million operating income benefit.
  • Housing & Infrastructure Products segment sales increased 6% year-over-year (excluding acquisition effects) while average sales price decreased 3%.
  • Performance & Essential Materials segment sales volume increased 7% year-over-year (excluding plant shutdown effects) with a 14% increase in average sales price.
  • The company acquired a PVC & VCM production site in Wilhelmshaven, Germany, to expand its European chlorovinyls business.
  • Identified Items for the second quarter of 2026 were $0, following $85 million in charges in the first quarter related to litigation & facility shutdowns.
  • Total debt stands at $5.1 billion, replaced by a new $1.5 billion revolving credit facility expiring in 2031.