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Last $72.09 USD
Change Today +1.59 / 2.26%
Volume 1.0M
WLK On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 1:04 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

westlake chemical corp (WLK) Snapshot

Open
$71.67
Previous Close
$70.50
Day High
$72.77
Day Low
$69.28
52 Week High
09/3/14 - $98.44
52 Week Low
12/16/14 - $53.43
Market Cap
9.6B
Average Volume 10 Days
1.2M
EPS TTM
$5.08
Shares Outstanding
132.9M
EX-Date
03/3/15
P/E TM
14.2x
Dividend
$0.66
Dividend Yield
0.86%
Current Stock Chart for WESTLAKE CHEMICAL CORP (WLK)

westlake chemical corp (WLK) Related Businessweek News

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westlake chemical corp (WLK) Details

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated building products. It operates through two segments, Olefins and Vinyls. The Olefins segment offers ethylene, polyethylene, styrene monomer, and various ethylene co-products, such as chemical grade propylene, crude butadiene, pyrolysis gasoline, and hydrogen. The Vinyls segment provides polyvinyl chloride (PVC), vinyl chloride monomer, ethylene dichloride, chlorine, caustic soda, and ethylene. This segment also manufactures and sells products fabricated from PVC, including pipes, fittings, profiles, foundation building products, window and door components, and fence and deck components. The company’s products are used in various applications, such as consumer and industrial markets comprising flexible and rigid packaging, automotive products, coatings, and residential and commercial construction, as well as in other durable and non-durable goods. Westlake Chemical Corporation also offers its products for chemical processors, plastics fabricators, construction contractors, municipalities, and supply warehouses primarily in North America and Europe. Westlake Chemical Corporation was founded in 1985 and is headquartered in Houston, Texas.

3,550 Employees
Last Reported Date: 02/25/15
Founded in 1985

westlake chemical corp (WLK) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $920.2K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $459.7K
Senior Vice President of Polyethylene
Total Annual Compensation: $366.2K
Senior Vice President of Administration
Total Annual Compensation: $382.0K
Compensation as of Fiscal Year 2014.

westlake chemical corp (WLK) Key Developments

Westlake Chemical Corp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Capital Spending Guidance for the Year of 2015

Westlake Chemical Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. The company reported net income attributable to Westlake Chemical Corporation for the first quarter of 2015 of $146.3 million, or $1.10 per diluted share, on net sales of $1,103.5 million. This represents a decrease in net income of $11.7 million, or $0.08 per diluted share, compared to the quarter ended March 31, 2014 net income of $158.0 million, or $1.18 per diluted share, on net sales of $1,027.7 million. Net sales for the first quarter of 2015 increased by $75.8 million compared to net sales for the first quarter of 2014, mainly attributable to sales contributed by Vinnolit, specialty PVC resin business, which it acquired in July 2014, partially offset by lower sales prices for major products. Income from operations was $229.3 million for the first quarter of 2015 as compared to $248.1 million for the first quarter of 2014. Income from operations for the first quarter of 2015 benefited from improved vinyls integrated product margins, mainly as a result of the cost-advantaged ethane feedstock currently utilized at the Calvert City, Kentucky ethylene plant following the completion of a feedstock conversion and ethylene expansion project, improved production rates at the Geismar, Louisiana chlor-alkali plant and the contribution from Vinnolit as compared to the first quarter of 2014. EBITDA was $297.0 million for the first quarter of 2015 increased by $0.5 million compared to $296.5 million in the first quarter of 2014. Net cash provided by operating activities was $190.6 million in the first quarter of 2015 against $212.505 million a year ago. Capital expenditures for the first quarter of 2015 were $95.8 million against $110.741 million a year ago. Income before income taxes was $228,785,000 against $241,407,000 a year ago. For 2015, the company expects capital spending which includes significant long lead items for 2016 Petro 1 ethylene expansion, remains in the range of $450 million to $400 million to $450 million and will be funded from cash balances.

Westlake Chemical Corp. Presents at Barclays Select Series: 2015 Chemical ROC Stars Conference, May-05-2015

Westlake Chemical Corp. Presents at Barclays Select Series: 2015 Chemical ROC Stars Conference, May-05-2015 . Venue: 745 Seventh Avenue, New York, NY 10019, United States.

Westlake Chemical Corp., Q1 2015 Earnings Call, May 04, 2015

Westlake Chemical Corp., Q1 2015 Earnings Call, May 04, 2015

 

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Industry Analysis

WLK

Industry Average

Valuation WLK Industry Range
Price/Earnings 14.9x
Price/Sales 2.2x
Price/Book 3.3x
Price/Cash Flow 14.8x
TEV/Sales 1.8x
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