Last $66.76 USD
Change Today -0.61 / -0.91%
Volume 755.1K
WLK On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

westlake chemical corp (WLK) Snapshot

Open
$67.72
Previous Close
$67.37
Day High
$68.09
Day Low
$66.71
52 Week High
09/3/14 - $98.44
52 Week Low
12/16/14 - $53.43
Market Cap
8.9B
Average Volume 10 Days
1.0M
EPS TTM
$5.15
Shares Outstanding
132.9M
EX-Date
03/3/15
P/E TM
13.0x
Dividend
$0.66
Dividend Yield
0.87%
Current Stock Chart for WESTLAKE CHEMICAL CORP (WLK)

westlake chemical corp (WLK) Related Businessweek News

View More BusinessWeek News

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: $891.3K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $444.3K
Senior Vice President of Polyethylene
Total Annual Compensation: $355.2K
Senior Vice President of Administration
Total Annual Compensation: $366.0K
Compensation as of Fiscal Year 2013.

westlake chemical corp (WLK) Key Developments

Westlake Chemical Corp. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year of Fiscal 2015

Westlake Chemical Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. The company reported net income attributable to company for the three months ended December 31, 2014 of $183.3 million, or $1.37 per diluted share, compared to net income attributable to company of $171 million, or $1.27 per diluted share, reported for the fourth quarter of 2013. Net income in the fourth quarter of 2014 was negatively impacted by $4.4 million, or $0.03 per diluted share, as a result of an impairment of an equity investment. Net sales of $1,135.9 million in the quarter increased $184.3 million compared to net sales of $951.6 million in the same period of 2013, primarily due to sales attributable to the acquisition of Vinnolit Holdings GmbH, company's new specialty PVC resin business, in the third quarter of 2014, partially offset by lower styrene and ethylene co-products sales volumes. Income from operations was $302.4 million compared to $257.6 million for the fourth quarter of 2013. Income before income taxes was $286.1 million against $258.1 million reported last year. EBITDA of $355.3 million for the fourth quarter of 2014 increased $52.6 million compared to $302.7 million in the fourth quarter of 2013. Net cash provided by operating activities was $256.25 million against $205.2 million reported last year. The improvement in earnings year-over-year was driven by the company’s expanded ethylene capacity and lower feedstock cost, resulting from the conversion of the company’s Calvert City ethylene plant from propane to ethane. Income from operations compared to the third quarter was primarily the result of lower sales prices for most of the company’s major products and the impact of a planned maintenance turnaround at its Gendorf, Germany site in the fourth quarter. For the year ended December 31, 2014, net income attributable to company was a record $678.5 million, or $5.07 per diluted share, on net sales of $4,415.4 million. This represents an increase in net income of $68.1 million, or $0.52 per diluted share, from 2013 net income attributable to company of $610.4 million, or $4.55 per diluted share, on net sales of $3,759.5 million. Net income for the year was negatively impacted by Westlake Partners initial public offering costs and Vinnolit acquisition costs aggregating approximately $26.0 million, after tax, and the non-recurring state tax items which increased the 2014 tax provision by $14.8 million. Net sales for the year increased $655.9 million primarily due to sales contributed by Vinnolit and North American Specialty Products (NASP) PVC pipe business, which was acquired in July 2014 and May 2013, respectively. Income from operations was $1,124.0 million as compared to $953.5 million for 2013, an increase of $170.5 million. Income before income taxes was $1,083.9 million against $942.2 million reported last year. Net cash provided by operating activities was $1,032.4 million in 2014 against $752.7 million reported last year. Capital expenditures for 2014 were $431.1 million against $679.2 million reported last year. EBITDA was $1,329.8 million against $1,118.1 million reported last year. The company provided earnings guidance for the full year of fiscal 2015. The company expects interest expense to be in the range of $36 million to $40 million, and an effective tax rate of approximately 35%. 2015 capital spending has been adjusted down and expected to be in the range of $400 million to $450 million.

Westlake Chemical Sets Lake Charles Cracker Expansion for First Half of 2016

Westlake Chemical's Petro 1 cracker expansion in Lake Charles, Louisiana, is set for completion in the first half of 2016. The expansion of the company's Petro 1 unit will add 250m lb/year (113,000 tonnes/year) of ethylene capacity. The expansion would bring capacity of the Petro 1 unit to 1.5bn lb/year.

Westlake Chemical Corporation Declares Quarterly Dividend Payable on March 19, 2015

The Board of Directors of Westlake Chemical Corporation declared quarterly dividend of $0.1650 per share. The dividend will be payable on March 19, 2015, to stockholders of record on March 5, 2015.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
WLK:US $66.76 USD -0.61

WLK Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Airgas Inc $117.22 USD +0.08
FMC Corp $63.41 USD -0.21
International Flavors & Fragrances Inc $121.93 USD +0.09
RPM International Inc $50.55 USD +0.03
Valspar Corp/The $86.65 USD +0.33
View Industry Companies
 

Industry Analysis

WLK

Industry Average

Valuation WLK Industry Range
Price/Earnings 13.3x
Price/Sales 2.0x
Price/Book 3.1x
Price/Cash Flow 13.2x
TEV/Sales 1.6x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact WESTLAKE CHEMICAL CORP, please visit www.westlake.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.