Last $71.40 USD
Change Today +0.66 / 0.93%
Volume 816.4K
WLK On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

westlake chemical corp (WLK) Snapshot

Open
$72.23
Previous Close
$70.74
Day High
$73.42
Day Low
$71.06
52 Week High
09/3/14 - $98.44
52 Week Low
12/12/13 - $55.51
Market Cap
9.5B
Average Volume 10 Days
781.6K
EPS TTM
$5.42
Shares Outstanding
133.1M
EX-Date
09/3/14
P/E TM
13.2x
Dividend
$0.66
Dividend Yield
0.74%
Current Stock Chart for WESTLAKE CHEMICAL CORP (WLK)

westlake chemical corp (WLK) Related Businessweek News

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westlake chemical corp (WLK) Details

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated building products. It operates through two segments, Olefins and Vinyls. The Olefins segment offers ethylene, polyethylene, styrene monomer, and various ethylene co-products, such as chemical grade propylene, crude butadiene, pyrolysis gasoline, and hydrogen. The Vinyls segment provides polyvinyl chloride (PVC), vinyl chloride monomer, ethylene dichloride, chlorine, caustic soda, and ethylene. This segment also manufactures and sells building products fabricated from PVC, including pipes, fittings, profiles, foundation building products, fence and deck, and window and door components. The company’s products are used in various applications, such as consumer and industrial markets comprising flexible and rigid packaging, automotive products, coatings, and residential and commercial construction, as well as in other durable and non-durable goods. Westlake Chemical Corporation also offers its products for chemical processors, plastics fabricators, construction contractors, municipalities, and supply warehouses primarily in North America. Westlake Chemical Corporation was founded in 1985 and is headquartered in Houston, Texas.

2,200 Employees
Last Reported Date: 02/21/14
Founded in 1985

westlake chemical corp (WLK) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $891.3K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $444.3K
Senior Vice President of Polyethylene
Total Annual Compensation: $355.2K
Senior Vice President of Administration
Total Annual Compensation: $366.0K
Compensation as of Fiscal Year 2013.

westlake chemical corp (WLK) Key Developments

Westlake Chemical Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Westlake Chemical Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $1,253,227,000 compared to $1,004,165,000 a year ago. The increase in sales was largely the result of sales contributed by Vinnolit and higher sales volumes for PVC resin, PVC pipe and polyethylene. Income from operations was $306,761,000 compared to $266,602,000 a year ago, increased primarily due to higher integrated olefins and vinyls margins. Income before income tax was $294,605,000 compared to $263,018,000 a year ago. Net income was $170,156,000 compared to $170,290,000 a year ago. Net income attributable to the company was $167,757,000 or $1.25 per basic and diluted share against $170,290,000 or $1.27 per basic and diluted share a year ago. EBITDA was $358,011,000 compared to $307,043,000 a year ago. For nine months, the company reported net sales of $3,279,479,000 compared to $2,807,859,000 a year ago. Income from operations was $821,604,000 compared to $695,884,000 a year ago. Income before income tax was $797,862,000 compared to $684,100,000 a year ago. Net income was $497,631,000 compared to $439,453,000 a year ago. Net income attributable to the company was $495,232,000 or $3.69 per basic and diluted share against $439,453,000 or $3.27 per basic and diluted share a year ago. Net cash provided by operating activities was $776,124,000 compared to $547,500,000 a year ago. Additions to property, plant and equipment was $311,183,000 compared to $498,290,000 a year ago. EBITDA was $974,438,000 compared to $815,315,000 a year ago.

Westlake Chemical Partners Seeks Acquisitions

Westlake Chemical Partners LP (NYSE:WLKP) will consider acquisitions. "We are pleased to report the successful launch of the Partnership. With our strategic relationship with Westlake Chemical Corporation and our financial flexibility, we are well-positioned to grow via acquisitions of additional assets from our sponsor, through expansions of our plants and through opportunistic third party acquisitions," said President and Chief Executive Officer Albert Chao.

Westlake Chemical Corp. Presents at Morgan Stanley Global Chemicals & Agriculture Conference 2014, Nov-12-2014 11:45 AM

Westlake Chemical Corp. Presents at Morgan Stanley Global Chemicals & Agriculture Conference 2014, Nov-12-2014 11:45 AM. Venue: Four Seasons Hotel Boston, 200 Boylston Street, Boston, Massachusetts, United States.

 

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Industry Analysis

WLK

Industry Average

Valuation WLK Industry Range
Price/Earnings 14.4x
Price/Sales 2.2x
Price/Book 3.4x
Price/Cash Flow 14.3x
TEV/Sales 1.8x
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