WESTLAKE CORPORATION Stock Price, News & Analysis

Westlake Corporation (NYSE: WLK) has announced a strategic collaboration between its Westlake Epoxy division and Alpha Recyclage Composites to enhance carbon fiber composite materials recycling. Alpha Recyclage, a French family-owned company, employs a patented steam pyrolysis process to recycle carbon-fiber-reinforced composites from aerospace, automotive, and wind turbine applications. The partnership aims to scale up recycling capacity to 1,000 metric tons of waste carbon fiber composites annually by 2027. This initiative aligns with Westlake's sustainability goals and will support customers in developing circular solutions. The collaboration will also explore the recovery of organic components from composite materials and integrate with Westlake Epoxy's EpoVIVE portfolio of sustainable resin grades.

Westlake Royal Building Products (NYSE:WLK) will showcase its latest building solutions at the AIA Conference on Architecture & Design 2025 in Boston from June 4-7, 2025, at booth #647. The company will highlight its Be Boundless campaign and present innovations across its extensive product portfolio, including Celect Cellular Composite Siding, Cedar Renditions aluminum siding, and various roofing and stone solutions. Key 2025 product launches include five new Cedar Renditions solid colors, three new Versetta Stone colors, and multiple roofing innovations across their Newpoint, DaVinci, and other product lines. The company's 600-square-foot booth will demonstrate emerging industry trends focusing on design versatility, high-performance materials, and innovative solutions addressing labor shortages and supply chain challenges.

Westlake Royal Building Products (NYSE:WLK) has launched Salt Flat™, a new colorway for its Cultured Stone® Cobblefield® profile. The new design features a sophisticated blend of light grays and warm whites with a shimmering mica overlay, drawing inspiration from desert landscapes.

The Cobblefield® profile, which emulates rural 19th-century American architecture, offers versatility for both residential and commercial applications, suitable for interior and exterior use. The new Salt Flat™ colorway was developed in response to customer demand and aims to provide architects, designers, and homeowners with a neutral, versatile option that complements various design elements.

Westlake Corporation (NYSE: WLK) has declared a quarterly dividend of $0.525 per share for the first quarter of 2025. The dividend will be paid on June 5, 2025 to stockholders of record as of May 20, 2025. This announcement marks a significant milestone in Westlake's dividend history, as the company has consistently paid and increased its dividend distributions since initiating its first dividend on November 11, 2004, demonstrating 20 years of consecutive dividend payments.

Westlake Royal Building Products (NYSE: WLK) has announced its fourth consecutive year as title sponsor of the National Association of Home Builders (NAHB) National Home Remodeling Month in May 2025. The company will exclusively sponsor two "Shop Talk" virtual presentations: one on May 8 focusing on business growth diversification, and another on May 15 addressing environmental sustainability in remodeling.

Steve Booz, VP of Marketing at Westlake Royal, emphasized the growing trend of homeowners choosing to remodel their existing homes for improved functionality and value. NAHB has released a National Home Remodeling Month Toolkit to help remodelers promote their industry and provide homeowners with resources for finding qualified professionals and learning about design trends.

Westlake Chemical Partners LP (NYSE: WLKP) reported Q1 2025 net income of $4.9 million ($0.14 per unit), down from $14.8 million in Q1 2024. Cash flows from operating activities decreased to $45.8 million from $104.6 million year-over-year. The decline was primarily due to the planned Petro 1 ethylene facility turnaround in Lake Charles, Louisiana, which began in January and extended into early April. The facility has since returned to full operating rates. The Partnership declared its 43rd consecutive quarterly distribution of $0.4714 per unit, with a trailing twelve-month coverage ratio of 0.82x, down from 1.01x in Q4 2024. The company's OpCo's Ethylene Sales Agreement with Westlake ensures stable cash flows, with 95% of production sold at a $0.10 per pound margin.

Westlake Corporation (NYSE: WLK) reported a challenging Q1 2025 with a net loss of $40 million ($0.31 loss per share) on net sales of $2.8 billion. This represents a significant decline from Q1 2024's net income of $174 million. EBITDA decreased to $288 million, down from $546 million in Q1 2024. The Performance and Essential Materials (PEM) segment reported an operating loss of $163 million, impacted by higher North American feedstock and energy costs, planned turnarounds, and unplanned outages. The Housing and Infrastructure Products (HIP) segment showed mixed results with income from operations of $148 million, benefiting from 4% sales volume growth in Q1 2025 versus Q4 2024. The company maintains a strong financial position with $2.5 billion in cash and investments, while total debt stands at $4.6 billion. Management expects operating rates to improve following the completion of the Petro 1 ethylene unit turnaround, though global trade uncertainties and tariff concerns are causing some customer hesitation.

Westlake Chemical Partners has announced its first quarter 2025 distribution of $0.4714 per unit, marking its 43rd quarterly distribution since the initial public offering. The distribution will be paid on May 29, 2025, to unitholders of record as of May 13, 2025.

The announcement, made by the Board of Directors of Westlake Chemical Partners GP, includes important tax information for non-U.S. investors. Under Treasury Regulation Section 1.1446-4(b), 100% of the Partnership's distributions to non-U.S. investors will be treated as income connected with U.S. trade or business, subject to federal income tax withholding at the highest applicable rate.

Westlake (NYSE: WLK) has scheduled its first quarter 2025 earnings release before market opening on Friday, May 2, 2025. The company will hold a conference call at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on the same day to discuss the results.

Participants must pre-register online to access the conference call, after which they will receive a phone number and unique PIN. The earnings conference call and replay will also be accessible via webcast, and the earnings release will be available on Westlake's investor relations website.