GlobeNewswire·Nov 4, 2026, 6:30 AM ET

Westlake Corporation Reports Third Quarter 2026 Results

WLK

Westlake Corporation reported third quarter 2026 net sales of $2.98 billion, a 5% increase from the $2.84 billion reported in the same period of 2025.
Net income attributable to Westlake for the quarter was $6 million, or $0.05 per diluted share, compared to a net loss of $782 million in the prior year period.
Excluding identified items such as facility shutdown charges, net income was $58 million, or $0.45 per diluted share, with EBITDA reaching $408 million.
The Housing and Infrastructure Products segment generated $1.09 billion in sales, while the Performance and Essential Materials segment generated $1.89 billion.
PEM segment performance improved sequentially but faced headwinds from lower average sales prices 8% lower than the previous quarter 8% due to moderated price increases following the Middle East conflict onset.
The company announced the closure of its PVC plant in Cologne, Germany, to optimize its European footprint amid high energy costs weak demand, increasing import pressure.
Westlake generated $220 million in free cash flow for the quarter, supported by its three-pillar profitability improvement plan.
As of September 30, 2026, the company held $2.0 billion in cash investments with total debt of $5.1 billion.
Identified items for the quarter included $56 million in charges for facility shutdowns including the Cologne PVC plant, plus $2 million in other restructuring costs.
CEO Jean‑Marc Gilson noted that while near-term housing volumes face pressure from higher borrowing costs, the medium- to long-term outlook remains positive due to infrastructure spending.
The company's average sales price increased 6% year-over-year, while comparable sales volume remained unchanged when excluding acquisitions plant closures, the effects of the Middle East conflict, and inventory destocking.