Westlake Q2 sales miss expectations, net loss $142 mln

Westlake

05/08/2025 11:43

Overview

Westlake Q2 net sales of $2.953 bln missed analyst expectations, per LSEG data

Net loss of $142 mln impacted by $130 mln in facility closure expenses

EBITDA excluding identified items was $340 mln, down from $744 mln a year ago

Outlook

Westlake targets $200 mln additional cost reductions by 2026

Company expects chlorovinyls production to normalize in Q3 2025

Westlake anticipates improved profitability in 2026 post-Pernis closure

Result Drivers

FACILITY CLOSURES - $130 mln impact from Pernis facility closure and temporary cessation of PVC resin unit in China

HIP SEGMENT GROWTH - Housing and Infrastructure Products sales up 16% sequentially, driven by higher sales volume and margins

PEM SEGMENT DECLINE - Performance and Essential Materials sales volume drop 6% due to weaker global demand and production disruptions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
$2.95 bln
$3.02 bln (13 Analysts)
Q2 EPS
-$1.11
Q2 Net Income
-$142 mln
Q2 EBITDA Margin
12.0%
Q2 Pretax Profit
-$125 mln


Press Release: ID:nBw5Wh3kYa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)