Last $97.13 USD
Change Today +1.04 / 1.08%
Volume 249.9K
WLK On Other Exchanges
Symbol
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As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

westlake chemical corp (WLK) Snapshot

Open
$96.22
Previous Close
$96.09
Day High
$97.16
Day Low
$96.08
52 Week High
08/29/14 - $97.16
52 Week Low
09/11/13 - $50.57
Market Cap
13.0B
Average Volume 10 Days
401.0K
EPS TTM
$5.04
Shares Outstanding
133.5M
EX-Date
09/3/14
P/E TM
19.3x
Dividend
$0.66
Dividend Yield
0.49%
Current Stock Chart for WESTLAKE CHEMICAL CORP (WLK)

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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 Increases Quarterly Dividend Payable on September 19, 2014

The board of directors of Westlake Chemical Corporation declared on August 22, 2014, a dividend of 16.5 cents per share, an increase of 31% from the 12.6 cents per share paid in the second quarter of 2014. The increased dividend will be payable on September 19, 2014, to stockholders of record on September 5, 2014.

Westlake Chemical Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reaffirms Capital Expenditures Guidance for the Year 2014

Westlake Chemical Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $998.576 million compared to $939.047 million a year ago. Income from operations was $266.788 million compared to $235.227 million a year ago. Income before income tax was $261.850 million compared to $229.789 million a year ago. Net income was $169.443 million or $1.26 per diluted share compared to $145.816 million or $1.09 per diluted share a year ago. EBITDA was $319.891 million compared to $275.342 million a year ago. Net cash provided by operating activities was $219.737 million compared to $139.228 million a year ago. For six months, the company reported revenues of $2,026.252 million compared to $1,803.694 million a year ago. Net sales increased by $222.6 million compared to the prior year period mainly due to higher sales prices and sales volumes for most of major Olefins products and sales contributed by specialty PVC pipe business, which the company acquired in May 2013, partially offset by lower ethylene co-products, PVC resin and styrene sales volumes. Income from operations was $514.843 million compared to $429.282 million a year ago. Income before income tax was $503.257 million compared to $421.082 million a year ago. Net income was $327.475 million or $2.44 per diluted share compared to $269.163 million or $2.01 per diluted share a year ago. Net cash provided by operating activities was $432.242 million compared to $255.480 million a year ago. Additions to property, plant and equipment was $216.912 million compared to $297.873 million a year ago. EBITDA was $616.427 million compared to $508.272 million a year ago. As of June 30, 2014, the company had cash balances of $876 million, and total debt was unchanged at $764 million. The company reaffirms capital expenditures guidance for the year 2014. Its guidance for 2014 capital expenditures remains in the range of $475 million to $525 million.

Westlake Chemical Concludes Revolving Credit Agreement

Westlake Chemical Corporation announced the completion of a third amendment and restatement of its $400 million revolving credit agreement, thereby extending the maturity to 2019, reducing interest costs, and increasing financial flexibility.

 

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Industry Analysis

WLK

Industry Average

Valuation WLK Industry Range
Price/Earnings 19.5x
Price/Sales 3.2x
Price/Book 4.8x
Price/Cash Flow 19.4x
TEV/Sales 2.8x
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