WESTLAKE $WLK Q3’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $2.98B (Est. $2.95B) 🟢; +5% YoY
🔹 Adj. EPS: $0.45 (Est. $0.57) 🔴
🔹 Adj. EBITDA: $408M (Est. $435M) 🔴; +30% YoY
Segment Net Revenue:
🔹 HIP: $1.09B
🔹 PEM: $1.89B; +8% YoY
Other Q3 Metrics:
🔹 EBITDA Margin: 14%; +300 bps YoY
🔹 Free Cash Flow: $220M
🔹 CapEx: $188M
🔹 Cash & Investments: $2.0B
Key Updates:
🔹 Cologne Closure: $56M of PEM shutdown charges; $2M restructuring costs
🔹 Profitability Plan: $600M EBITDA uplift remains on track for 2026
Comments:
🔸 “In response to these structural challenges in Europe, we took action to optimize our footprint in the third quarter by announcing the closure of a PVC plant in Cologne, Germany.”
🔸 “While PEM selling prices have stabilized with upward momentum entering the fourth quarter of 2026, we recognize that an environment of heightened price volatility persists”
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