Westlake Q2 sales miss expectations, net loss $142 mln
Overview
Westlake Q2 net sales of $2.953 bln missed analyst expectations, per LSEG data
Net loss of $142 mln impacted by $130 mln in facility closure expenses
EBITDA excluding identified items was $340 mln, down from $744 mln a year ago
Outlook
Westlake targets $200 mln additional cost reductions by 2026
Company expects chlorovinyls production to normalize in Q3 2025
Westlake anticipates improved profitability in 2026 post-Pernis closure
Result Drivers
FACILITY CLOSURES - $130 mln impact from Pernis facility closure and temporary cessation of PVC resin unit in China
HIP SEGMENT GROWTH - Housing and Infrastructure Products sales up 16% sequentially, driven by higher sales volume and margins
PEM SEGMENT DECLINE - Performance and Essential Materials sales volume drop 6% due to weaker global demand and production disruptions
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Miss | $2.95 bln | $3.02 bln (13 Analysts) |
Q2 EPS | -$1.11 | ||
Q2 Net Income | -$142 mln | ||
Q2 EBITDA Margin | 12.0% | ||
Q2 Pretax Profit | -$125 mln |
Press Release:
