Nov 4, 7:30 AM ET
Westlake reported third-quarter 2026 net sales of $2.98 billion, up from $2.84 billion a year earlier, and GAAP net income of $6 million, or $0.05 per diluted share. Excluding identified items, mainly $56 million of charges tied to facility shutdowns, net income was $58 million, or $0.45 per share, compared with a loss of $0.29 per share a year earlier. Results fell sharply from the second quarter, when EBITDA excluding identified items was $679 million, and the company announced the closure of its Cologne, Germany PVC plant.
- Net sales $2.98 billion vs. $2.84 billion in Q3 2025 and $3.27 billion in Q2 2026.
- GAAP net income $6 million ($0.05 per share); excluding identified items $58 million ($0.45 per share).
- EBITDA excluding identified items $408 million, up from $313 million a year earlier but down from $679 million in Q2 2026.
- Free cash flow $220 million in the quarter; cash and investments $2.0 billion at September 30, 2026.
Read the filing on SEC.gov ↗
Sep 29, 6:06 AM ET
Westlake approved a plan to cease operations at its 165,000-metric-ton-a-year PVC plant in Cologne, Germany, with closure expected in the first quarter of 2027 and about 120 jobs affected. The company expects total pre-tax charges of about $205 million, and said it expects sequentially lower financial performance in the third quarter of 2026 than in the second quarter.
- Total pre-tax closure charges of about $205 million: about $105 million non-cash and about $100 million cash
- About $110 million of the charges expected to be recorded in 2026, with the remainder in 2027
- Production to shift to other German sites, including the recently acquired Wilhelmshaven facility
- Westlake expects sequentially lower third-quarter 2026 financial performance versus the second quarter
Read the filing on SEC.gov ↗
Aug 31, 5:00 PM ET
Westlake named Tommy E. Darby, 45, as Vice President and Chief Accounting Officer, effective immediately, succeeding Jeffrey A. Holy, who moves to Vice President, Finance and Investor Relations. The filing describes a routine officer change with a standard pay package, and it does not report any financial results or changes to company guidance.
- Darby previously was Vice President and Chief Accounting Officer at Pactiv Evergreen (now Novolex) from August 2022 to April 2025
- Pay includes a $440,000 annual salary, a 45% annual incentive target, and a 90% long-term incentive target
- Sign-on restricted stock units have a total grant date fair value of $135,000 and fully vest on August 31, 2029
Read the filing on SEC.gov ↗
Aug 4, 7:27 AM ET
Westlake reported second quarter 2026 net sales of $3.3 billion and net income attributable to the company of $260 million, or $2.01 per diluted share, compared with a net loss of $142 million in the same quarter of 2025. The company said higher polyethylene and PVC resin prices in its Performance and Essential Materials segment and its profitability improvement plan drove the gain, and that it retired $500 million of senior notes.
- Net sales were $3,271 million, up from $2,953 million in the second quarter of 2025.
- Diluted EPS was $2.01, compared with a loss of $1.11 per share a year earlier and a loss of $1.31 in the first quarter of 2026.
- EBITDA excluding identified items was $679 million, versus $340 million in the second quarter of 2025.
- The company redeemed about $500 million of 3.60% 2026 Senior Notes and reported cash, investments and fixed-income securities of $1.9 billion and total debt of $5.1 billion as of June 30, 2026.
Read the filing on SEC.gov ↗
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