WESTLAKE CORPORATION Stock Price, News & Analysis

The Board of Directors of Westlake Corporation (NYSE:WLK) has declared a regular dividend of $0.2975 per share for Q4 2021, payable on March 15, 2022. Stockholders on record as of March 1, 2022 will receive this dividend. This marks the 70th consecutive quarterly dividend since Westlake's IPO in August 2004, showcasing the company's commitment to returning value to its shareholders.

Westlake Chemical Corporation (NYSE: WLK) will host its inaugural Investor Day on April 7, 2022, at 9:00 a.m. Eastern Time in New York City. Key executives, including Albert Chao and Steve Bender, will present the company's long-term strategic vision, financial outlook, and capital allocation priorities. The event highlights Westlake’s diversified portfolio across several industries, including construction, automotive, and healthcare. Attendance will be limited due to COVID-19, but a live webcast will be available on westlake.com.

Westlake Chemical Corporation (NYSE: WLK) will officially rebrand as Westlake Corporation on February 18, 2022. This change reflects a diversified business portfolio following $3.8 billion in recent acquisitions. The company will operate under two segments: Housing & Infrastructure Products and Performance & Essential Materials. Key acquisitions include LASCO Fittings, Dimex LLC, and Hexion Inc.'s global epoxy business, enhancing Westlake's position in crucial markets. The rebranding aims to better represent the expanded industries served, especially in housing and infrastructure.

Westlake Royal Building Products has introduced a new 5/8” Lap Siding profile to its TruExterior poly-ash siding line at the 2022 International Builders’ Show. This product reflects the look and performance of traditional cedar lap siding, crafted from a proprietary poly-ash material that offers durability and low maintenance. The siding mimics cedar's thickness and features a true 5/8” butt, available in 16-foot lengths. The TruExterior line requires no special tools for installation and can withstand ground contact, making it a versatile choice for builders in North America.

Westlake Royal Building Products will present its innovative range of building products at the 2022 NAHB International Builders’ Show in Orlando, Florida from February 8-10, 2022. This event marks the launch of the Westlake Royal Building Products brand, combining the strengths of Royal®, Boral®, and DaVinci brands. New products include Board & Batten siding, TruExterior 5/8” Lap Siding, and a new color for Zuri Premium Decking. The brand aims to enhance market presence with a diverse portfolio of high-quality, low-maintenance products.

Westlake Royal Building Products has announced the 2021 DaVinci Masterpiece Contractor Project of the Year Awards, celebrating four outstanding projects: three residential and one commercial. Residential honors go to Absolute Construction (Garland, Texas), Action Roofing (Santa Barbara, Calif.), and Braswell Construction Group (Greensboro, Ga.). Champion Roofing (Oklahoma City, Okla.) received top recognition for a commercial project at the Children's Center Rehabilitation Hospital. These awards highlight excellence in installation, visual impact, and roofing transformation.

Westlake Royal Building Products has launched SwiftGuard, a synthetic roofing underlayment designed for various roofing types, including steel, tile, shingle, and shake. It features patented nail gasketing technology for enhanced durability and weather protection. SwiftGuard allows for exposure to the elements for up to 180 days without degradation, making it suitable for steep slope installations. The underlayment meets ASTM standards and is lightweight, facilitating easy transport and installation. It will be showcased at the International Roofing Expo and International Builders’ Show in early February 2022.

Hexion has finalized the sale of its epoxy-based Coatings and Composite businesses, including epoxy specialty and base resins, to Westlake Chemical for approximately $1.2 billion. This strategic move aims to maximize shareholder value and aligns with Hexion's ongoing initiatives. Following this transaction, Hexion will focus on its Adhesives and Versatic™ Acids product lines, leveraging strong demand in North America. Additionally, Hexion is set to be acquired by affiliates of American Securities for $30.00

Westlake Chemical Corporation (NYSE: WLK) has successfully acquired Hexion Inc.’s global epoxy business for approximately $1.2 billion in an all-cash transaction. This acquisition aims to enhance Westlake’s portfolio with specialty resins, coatings, and composites that serve high-growth industries, including renewable energy and automotive sectors. The newly branded Westlake Epoxy will play a key role in manufacturing sustainable products like wind turbine blades and lightweight automotive components, aligning with Westlake's commitment to sustainability and growth.