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Stock impact report

Westlake looks to housing market for rebound [Fortune]

Westlake Corporation (WLK) 
Last westlake corporation earnings: 2/18 06:30 am Check Earnings Report
US:NYSE Investor Relations: westlake.com/investor-relations
Company Research Source: Fortune
As the U.S. housing market continues to defy economic uncertainty, Westlake Corporation is benefiting from strong demand for building materials, even as its chemicals business struggles. Its building products segment recorded record revenue in 2024, but the company posted an earnings miss as sales in its chemicals unit saw its revenue drop. Westlake operates in two main businesses : Housing and Infrastructure Products (HIP), which provides materials for homebuilding and infrastructure projects, and Performance and Essential Materials (PEM), which produces chemicals used to make products like car interiors and PVC pipes. While HIP is thriving, PEM has struggled with lower prices for key materials. Houston-based Westlake, which is No.326 on the Fortune 500 , reported Q4 revenue of $2.84 billion , up slightly from a year ago but below Wall Street expectations, due to weaker sales in its chemicals business. The HIP segment continued its momentum, as sales slightly exceeded expectatio Show less Read more
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