Westlake Corporation (WLK)

NYSE: WLK · Real-Time Price · USD
119.16
+1.20 (1.02%)
Jan 21, 2025, 4:00 PM EST - Market closed
1.02%
Market Cap 15.34B
Revenue (ttm) 12.13B
Net Income (ttm) 97.00M
Shares Out 128.71M
EPS (ttm) 0.74
PE Ratio 159.98
Forward PE 17.39
Dividend $2.05 (1.72%)
Ex-Dividend Date Nov 26, 2024
Volume 362,128
Open 118.84
Previous Close 117.96
Day's Range 118.30 - 119.54
52-Week Range 108.95 - 162.64
Beta 1.18
Analysts Buy
Price Target 152.54 (+28.01%)
Earnings Date Feb 18, 2025

About WLK

Westlake Corporation engages in the manufacture and marketing of performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Mexico, Brazil, France, Italy, Taiwan, and internationally. The company operates through two segments: Performance and Essential Materials and Housing and Infrastructure Products. The Performance and Essential Materials segment offers ethylene, polyethylene, styrene, chlorinated derivative products, ethylene dichloride, vinyl chloride monomer, polyvinyl chlori... [Read more]

Sector Materials
IPO Date Aug 11, 2004
Employees 15,520
Stock Exchange NYSE
Ticker Symbol WLK
Full Company Profile

Financial Performance

In 2023, Westlake's revenue was $12.55 billion, a decrease of -20.55% compared to the previous year's $15.79 billion. Earnings were $476.00 million, a decrease of -78.70%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for WLK stock is "Buy." The 12-month stock price forecast is $152.54, which is an increase of 28.01% from the latest price.

Price Target
$152.54
(28.01% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Westlake Chemical Partners: A Stable Dividend Stock For An 8% Yield

Westlake Chemical Partners offers a high dividend and is fairly priced, driven by steady ethylene demand and strong financial performance. Q3'24 results showed increased earnings due to higher ethylen...

5 days ago - Seeking Alpha

Top 3 Materials Stocks That Are Set To Fly This Month

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.

Other symbols: ATRDB
11 days ago - Benzinga

Westlake Royal Building Products™ Introduces Tapco Tape™ Accessory for Tapco Tools® Brakes

HOUSTON--(BUSINESS WIRE)--Westlake Royal Building Products™ (“Westlake Royal”), a Westlake company (NYSE:WLK), has launched Tapco Tape™, a measuring accessory that speeds custom bends and cuts on Tapc...

5 weeks ago - Business Wire

Westlake Innovations Invests in Universal Matter

HOUSTON--(BUSINESS WIRE)--Westlake Innovations, Inc., a subsidiary of Westlake Corporation (NYSE: WLK), today announced the company has invested in Universal Matter, Inc. The Burlington, Ontario-based...

5 weeks ago - Business Wire

Westlake Royal Building Products Introduces Dryroll™ Universal Ridge Vent and Weather Block

HOUSTON--(BUSINESS WIRE)--Westlake Royal Building Products™ (Westlake Royal), a Westlake company (NYSE: WLK), has introduced Dryroll™, a universal ridge vent and weather block. Designed to safeguard t...

5 weeks ago - Business Wire

Westlake Corporation Appoints New Director to its Board

HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK) today announced that Mr. Roger A. Cregg has been appointed to the company's board of directors. Mr. Cregg succeeds Mr. Marius A. Haas who, as...

6 weeks ago - Business Wire

Westlake Releases 2023 Sustainability Report

HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK) today released its 2023 Sustainability Report, the company's seventh voluntary annual update on sustainability innovations in products and co...

7 weeks ago - Business Wire

Westlake Corporation Declares Quarterly Dividend

HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Corporation (NYSE: WLK) today declared a regular dividend distribution of $0.525 per share for the third quarter of 2024. This dividend wil...

2 months ago - Business Wire

Westlake Royal Building Products™ Expands Partnership with Alexandria Moulding for Versetta Stone® Distribution

HOUSTON--(BUSINESS WIRE)--Westlake Royal Building Products™ (“Westlake Royal”), a Westlake company (NYSE:WLK), today announced an expanded partnership with Alexandria Moulding, a leading moulding manu...

2 months ago - Business Wire

Westlake Corporation (WLK) Q3 2024 Earnings Call Transcript

Westlake Corporation (NYSE:WLK) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants John Zoeller - Vice President and Treasurer Albert Chao - Executive Chairman Jean-Ma...

2 months ago - Seeking Alpha

Westlake Corporation Reports Third Quarter 2024 Results

HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK) (the "Company" or "Westlake") today announced third quarter 2024 results. SUMMARY FINANCIAL HIGHLIGHTS (in millions of dollars, except per sh...

2 months ago - Business Wire

Westlake Chemical Partners: A Value Investor's Dream With Superb Dividend

WLKP's primary business revolves around its long-term Ethylene Sales Agreement with Westlake Corporation, which guarantees that Westlake purchases 95% of WLKP's ethylene production at a fixed margin. ...

2 months ago - Seeking Alpha

Westlake Royal Building Products™ Bolsters Newpoint™ Concrete Roof Tile Operations, Capacity in Florida to Meet Regional Demand

HOUSTON--(BUSINESS WIRE)--Westlake Royal Building Products™ (Westlake Royal), a Westlake company (NYSE:WLK), has announced a strategic investment initiative to enhance operations and capacity of Newpo...

2 months ago - Business Wire

Top 3 Materials Stocks That May Explode In October

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.

Other symbols: NEMOLN
3 months ago - Benzinga

Westlake Epoxy Joins B4 Consortium in Western North Brabant

BERGEN OP ZOOM, Netherlands--(BUSINESS WIRE)--Over the next three years, 11 partners in West-North Brabant, led by TNO, will be working together to make green building blocks with local tree and plant...

3 months ago - Business Wire

Westlake Announces Third Quarter 2024 Earnings Conference Call

HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK) will release its third quarter 2024 earnings prior to the market opening on Tuesday, November 5, 2024. The company will host a conference cal...

3 months ago - Business Wire

Westlake Global Compounds Sites Receive Silver Medal from EcoVadis

HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK) today announced that Westlake Global Compounds businesses and operating sites outside of the U.S. - Westlake Compounds Holdings, S.A.S. - hav...

3 months ago - Business Wire

This Cisco Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Other symbols: CSCOGWWSAPWVE
3 months ago - Benzinga

Versetta Stone® from Westlake Royal Building Products™ Selected as a Good Housekeeping 2025 Home Reno Award Winner

HOUSTON--(BUSINESS WIRE)--Westlake Royal Building Products™ (Westlake Royal), a Westlake company (NYSE:WLK), announced today that Versetta Stone® was named a winner in Good Housekeeping's 2025 Home Re...

3 months ago - Business Wire

Houston Methodist and Westlake Launch Pilot Program to Recycle PVC Materials

HOUSTON--(BUSINESS WIRE)--Westlake Global Compounds and Westlake Dimex, business units of Westlake Corporation (NYSE: WLK), today announced the launch of “Choose Pink,” a pilot polyvinyl chloride (PVC...

4 months ago - Business Wire

Westlake Royal Building Products™ Releases The Trends Report: The Best in Home Design

HOUSTON--(BUSINESS WIRE)--Westlake Royal Building Products™ (Westlake Royal), a Westlake company (NYSE:WLK), has unveiled its Trends Report: The Best In Home Design, offering a comprehensive look at t...

5 months ago - Business Wire

Federman & Sherwood Investigates Florida Memorial University (“FMU”) for Data Breach

OKLAHOMA CITY--(BUSINESS WIRE)-- #FMU--Federman & Sherwood Investigates Florida Memorial University (“FMU”) for Data Breach.

5 months ago - Business Wire

Federman & Sherwood Investigates Student Transportation of America for Data Breach

OKLAHOMA CITY--(BUSINESS WIRE)-- #FedermanSherwood--Federman & Sherwood Investigates Student Transportation of America for Data Breach.

5 months ago - Business Wire

Westlake Corporation (WLK) Q2 2024 Earnings Call Transcript

Westlake Corporation (NYSE:WLK) Q2 2024 Results Conference Call August 6, 2024 11:00 AM ET Company Participants Johnathan Zoeller - VP and Treasurer Albert Chao - Executive Chairman Jean-Marc Gilson ...

6 months ago - Seeking Alpha

Westlake Corporation Reports Second Quarter 2024 Results

HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK) (the "Company" or "Westlake") today announced second quarter 2024 results. SUMMARY FINANCIAL HIGHLIGHTS (in millions of dollars, except per s...

6 months ago - Business Wire