Business Wire·Oct 30, 2025, 6:30 AM ET

Westlake Corporation Reports Third Quarter 2025 Results

WLK

Westlake Corporation reported a net loss of $782 million ($6.06 per diluted share) for the third quarter of 2025, compared to a net income of $108 million in the same period in 2024.
Net sales for the quarter ended September 30, 2025, were $2.838 billion, representing a decrease from $2.953 billion in the second quarter of 2025.
A non-cash impairment charge of $727 million was recorded to fully impair goodwill associated with the North American Chlorovinyls reporting unit within the Performance and Essential Materials segment.
When excluding identified items totaling $744 million, the company reported a net loss of $38 million ($0.29 per share) and EBITDA of $313 million.
The Housing and Infrastructure Products segment generated $151 million in income from operations, while the Performance and Essential Materials segment reported a loss from operations of $902 million.
Total sales volume decreased 1% sequentially, while average sales price dropped 2% compared to the second quarter of 2025.
The Performance and Essential Materials segment saw a 4% decline in average sales price, driven by lower PVC resin prices, which offset a slight increase in sales volume.
Westlake reported net cash provided by operating activities of $182 million and capital expenditures of $239 million for the quarter.
As of September 30, 2025, the company held $2.1 billion in cash, cash equivalents, and fixed-income investments with total debt of $4.7 billion.
Management expects to achieve $200 million in cost savings in 2026 and plans to remove approximately $100 million in annual losses starting in 2026 through footprint optimization actions.
The company announced a conference call to discuss these results will take place on October 30, 2025, at 11:00 AM Eastern Time.