Quarterly ResultMay 6, 2026, 01:53 PM
Westlake Q1 Net Sales $2.65B; Net Loss $(169)M; EPS $(1.31)
AI Summary
Westlake Corporation reported a net loss of $(169) million, or $(1.31) per diluted share, for the first quarter of 2026, a significant increase from the $(40) million loss in Q1 2025. Net sales decreased to $2.65 billion from $2.85 billion year-over-year. The company completed the acquisition of ACI/Perplastic Group's compounding solutions businesses for approximately $124 million and entered into a new $1.5 billion revolving credit facility. Additionally, Westlake announced the redemption of its $496 million 3.60% Senior Notes due August 2026.
Key Highlights
- Net Loss attributable to Westlake Corporation was $(169)M, compared to $(40)M in Q1 2025.
- Diluted Loss per common share was $(1.31), up from $(0.31) in Q1 2025.
- Net sales decreased to $2.65B from $2.85B in the prior year period.
- Gross profit fell to $112M from $232M in Q1 2025.
- Acquired ACI/Perplastic Group for approximately $124M on January 5, 2026.
- Entered a new $1.5B revolving credit facility maturing April 2, 2031.
- Notified redemption of $496M 3.60% Senior Notes due August 2026.
- Net cash used for operating activities was $(94)M, compared to $(77)M in Q1 2025.
Price Impact
More from WLK