Westlake Corporation (WLK) reported adjusted earnings of $2.01 per share for Q2 2026, exceeding the Zacks Consensus Estimate of $1.93 and improving significantly from an adjusted loss of 9 cents per share in the same quarter last year. The company’s net sales reached $3.27 billion, a 10.8% increase year-over-year, though it slightly missed the consensus mark of $3.28 billion.
Key segment highlights include Performance and Essential Materials (PEM) net sales of $2.019 billion, up 13% from the previous year, driven by higher average sales prices and increased demand. The Housing and Infrastructure Products (HIP) segment also reported net sales of $1.252 billion, an 8% increase, supported by infrastructure spending. The company generated $318 million in net cash from operating activities, while capital expenditures totaled $207 million, resulting in free cash flow of $111 million for the quarter.
For the full year, Westlake maintains its revenue guidance for HIP of $4.4 billion to $4.6 billion and an EBITDA margin of 19% to 21%. The company is optimistic about continued operational improvements, forecasting a majority of the 2026 EBITDA increase to occur in PEM.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
