Welcome to our dedicated page for WESTLAKE news (Ticker: WLK), a resource for investors and traders seeking the latest updates and insights on WESTLAKE stock.
Westlake Corporation reports news around its global materials and building-products operations, organized around Performance and Essential Materials and Housing and Infrastructure Products. Updates commonly cover earnings, segment pricing and volume trends, olefins, vinyl chemicals, polyethylene, epoxies, building products, pipe and fittings, facility actions, product certifications, distribution launches, litigation matters and leadership changes.
The company also appears in updates involving Westlake Royal Building Products, Westlake Epoxy and its relationship with Westlake Chemical Partners LP, a limited partnership formed by Westlake to operate, acquire and develop ethylene production facilities and other qualified assets.
Westlake Chemical Partners LP (NYSE: WLKP) reported Q4 2024 net income of $15.0 million ($0.43 per unit), compared to $14.3 million in Q4 2023. Cash flows from operating activities increased to $132.5 million, up $24.8 million from Q4 2023.
For full-year 2024, net income reached $62.4 million ($1.77 per unit), an $8.1 million increase from 2023, driven by higher third-party ethylene sales prices and margins. Operating cash flows grew to $485.0 million, up $33.0 million from 2023.
The Partnership declared its 42nd consecutive quarterly distribution of $0.4714 per unit. The company deferred the planned Petro 1 ethylene unit turnaround to 2025, which helped exceed annual production plans and capture attractive third-party ethylene prices in H2 2024. The maintenance turnaround began in January 2025 and is expected to last approximately 60 days.
Westlake (NYSE: WLK) reported its Q4 and full-year 2024 results, with Q4 net sales of $2.8 billion and net income of $7 million ($0.06 per share). The company achieved record Housing and Infrastructure Products (HIP) annual income from operations of $807 million and EBITDA of $1.1 billion.
Q4 EBITDA reached $416 million, up from $390 million in the prior year, driven by higher sales volume across segments. Full-year 2024 results showed net sales of $12.1 billion and net income of $677 million. The company marked its fifth consecutive quarter of year-over-year sales volume growth, though this was partially offset by lower product pricing.
The HIP segment demonstrated strong performance with a 4% sales increase and 7% volume growth, while Performance and Essential Materials (PEM) sales decreased 1%. The company maintains an optimistic outlook for 2025, particularly in the HIP segment, driven by U.S. housing demand.
Westlake (NYSE: WLK) has declared a quarterly dividend of $0.525 per share for the fourth quarter of 2024. The dividend will be paid on March 19, 2025 to stockholders of record as of March 4, 2025.
The company has maintained a consistent track record of dividend payments and increases since initiating its first dividend on November 11, 2004, marking 20 years of consecutive dividend distributions. This announcement demonstrates Westlake's continued commitment to providing shareholder returns, though future payments remain subject to various risks and uncertainties as detailed in the company's SEC filings.
Westlake Royal Building Products (NYSE:WLK) has announced an expansion of its Newpoint™ Concrete Roof Tile brand with seven new color offerings and extensions of two existing colors. The new colors - Ashen Cove, Auburn Ridge, Earthen Shadow, Olive Bark, Platinum Peak, Tree Bark Blend, and Urban Driftwood - are inspired by natural elements and will be available across select profiles in Northern and Southern California, Arizona, and Nevada markets.
The expansion includes extending existing Cherrywood and Apple Bark colors to additional profiles in Arizona and Nevada. The new colors will be available across various profiles including Saxony Slate, Saxony Shake, Barcelona, Villa, and Mission S, with specific availability varying by region.
Westlake Royal Building Products, a Westlake company (NYSE:WLK), has introduced two new colors to its DaVinci® Roofscapes Single-Width Slate profile offerings: Rock Ridge and Aurora. These additions to the Nature Crafted Collection™ combine authentic slate aesthetics with modern durability.
Rock Ridge features dark gray and black hues mimicking natural quarried slate components, while Aurora showcases a blend of soft mottled greens and purples inspired by the Northern Lights. Both colors come with a 10-year fade-resistant warranty and are suitable for various architectural styles, from Colonial and Victorian to Modern Farmhouse and Tudor designs.
Westlake Royal Building Products (NYSE:WLK) will showcase its latest innovations at the 2025 NAHB International Builders' Show in Las Vegas. The company will present its Be Boundless campaign and new product launches across multiple categories:
Key highlights include:
- New Versetta Stone colors: Granite Peak, Lunar Drift, and Glen Canyon
- Cedar Renditions aluminum siding expansion with six new colors
- Celect Cellular Composite Siding's new V-Groove profile
- Updated Royal and Exterior Portfolio Board & Batten vinyl siding
- New DaVinci Roofscapes colors: Rock Ridge and Aurora
- Expanded Newpoint Concrete Roof Tile colors and profiles
The company will feature these products in its 10,000-square-foot booth (C3819), alongside demonstrations, live interviews, and participation in the VISION House Las Vegas project.
Westlake Royal Building Products (NYSE:WLK) announces its participation at the 2025 International Roofing Expo in San Antonio, showcasing expanded product lines and innovations. The company introduces new colors to their DaVinci Roofscapes collection, including Rock Ridge and Aurora for Single-Width Slate's Nature Crafted Collection. The Newpoint Concrete Roof Tile line expands with regional-specific colors: four new options for California and three for Arizona/Nevada markets.
The exhibition will feature interactive demonstrations of digital tools, including the Ingage presentation system and Roofle lead generation tool. The company will also celebrate excellence through the 2024 DaVinci Masterpiece Contractor Project of the Year Awards, recognizing five residential and one commercial project.
Westlake (NYSE: WLK) has announced it will release its fourth quarter and full year 2024 earnings before the market opens on Monday, February 24, 2025. The company will host 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 through a provided link to access the conference call, after which they will receive a phone number and unique PIN for dial-in access. The earnings conference call and replay will also be available via webcast, and the earnings release will be accessible through Westlake's investor relations website.
Westlake Chemical Partners (NYSE: WLKP) has announced its upcoming fourth quarter and full year 2024 earnings release, scheduled for Monday, February 24, 2025, before market opening. The company will host a conference call at 1:00 p.m. Eastern Time (12:00 p.m. Central Time) on the same day to discuss the results.
Participants must pre-register through a provided link to access the conference call, after which they will receive a phone number and unique PIN for dial-in. The earnings conference call and replay will also be accessible via webcast, and the earnings release will be available on the company's investor relations website.
Westlake (NYSE: WLK) announced that Westlake Compounds has received an EcoVadis Bronze Medal, placing it among the top 35% of globally assessed companies. The recognition follows a third-party assessment of Westlake Global Compounds' North American sites' performance in environmental sustainability and management.
EcoVadis, the world's largest business sustainability ratings provider, evaluates over 75,000 companies across 160 countries and 200 industries. Their assessment methodology examines four key areas: environment, labor and human rights, ethics, and sustainable procurement. The achievement reflects Westlake's commitment to implementing responsible business practices throughout its international operations.