Westlake Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 20, 2024 at 06:30 am EST
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Westlake Corporation reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 2,826 million compared to USD 3,299 million a year ago. Net loss was USD 497 million compared to net income of USD 232 million a year ago. Basic loss per share from continuing operations was USD 3.86 compared to basic earnings per share from continuing operations of USD 1.8 a year ago. Diluted loss per share from continuing operations was USD 3.86 compared to diluted earnings per share from continuing operations of USD 1.79 a year ago.
For the full year, the company reported sales was USD 12,548 million compared to USD 15,794 million a year ago. Net income was USD 479 million compared to USD 2,247 million a year ago. Basic earnings per share from continuing operations was USD 3.73 compared to USD 17.46 a year ago. Diluted earnings per share from continuing operations was USD 3.7 compared to USD 17.34 a year ago.
Westlake Corporation is a manufacturer and supplier of materials and products that enhance life every day. The Company has operations in Asia, Europe, and North America. It provides building blocks for solutions from housing and construction to packaging and healthcare to automotive and the consumer. Its segments include Performance and Essential Materials and Housing and Infrastructure Products. The Performance and Essential Materials includes Westlake North American Vinyls, Westlake North American Chlor-alkali & Derivatives, Westlake European & Asian Chlorovinyls, Westlake Olefins, Westlake Polyethylene and Westlake Epoxy. The Housing and Infrastructure Products include Westlake Royal Building Products, Westlake Pipe and Fittings, Westlake Global Compounds and Westlake Dimex. Its products are used in diverse consumer and industrial markets, including residential construction, automotive products, water treatment, wind turbines, coatings as well as other durable and non-durable goods.
WESTLAKE CORPORATION 
