Westlake Warns Q3 Results Will Fall Below Q2's Strong Performance
WLK sits 20% above its 52-week low of $56.33.
Summary
Westlake Corporation said its third-quarter financial performance will be lower than the second quarter, according to Dow Jones Newswires. The company did not provide specific figures, but the warning comes after Q2 net income swung to $260 million from a $142 million loss a year earlier, driven by higher product prices and lower costs. The guidance suggests the favorable pricing and cost trends that boosted Q2 may be moderating. Investors will look for details on the magnitude of the decline and whether it reflects a broader industry slowdown or company-specific factors. Westlake will close its Cologne PVC plant by Q1 2027, cutting 120 jobs and taking $205 million in charges, with $110 million recorded in 2026.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Westlake will close its Cologne PVC plant by Q1 2027, cutting 120 jobs and taking $205M in charges, with $110M recorded in 2026.
At the time of this announcement, WLK was trading at $67.60 on NYSE in the Manufacturing sector, with a market capitalization of approximately $8.5B. The 52-week trading range was $56.33 to $124.23. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.