Westlake swings to $142 million Q2 net loss on $130 million plant charges
Westlake reported a second-quarter 2025 net loss of $142 million, or $1.11 per diluted share, compared with net income of $313 million, or $2.40 per share, a year earlier. Net sales fell to $2.95 billion from $3.21 billion, and the results include $130 million of charges tied to closing the Pernis facility in The Netherlands and pausing a PVC unit in China. Excluding these items, the net loss was $12 million, or $0.09 per share, and the company expanded its cost-reduction target to an additional $200 million by 2026.
Key points
- Net sales of $2,953 million in Q2 2025, down from $3,207 million in Q2 2024 but up from $2,846 million in Q1 2025.
- Net loss of $142 million, or $1.11 per diluted share; excluding $130 million of identified items, net loss was $12 million, or $0.09 per share.
- EBITDA excluding identified items was $340 million, compared with $744 million in Q2 2024 and $288 million in Q1 2025.
- Cost-reduction target expanded to an additional $200 million of reductions by 2026, on top of a 2025 target of $150 million to $175 million.
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.