OverviewSuggest Edit

Westlake Chemical is a company manufacturing and marketing basic chemicals, vinyls, polymers, and building products. It operates through two segments, Vinyls and Olefins. The Vinyls segment provides specialty and commodity polyvinyl chloride (PVC), vinyl chloride monomers, ethylene dichloride, chlorine, caustic soda, chlorinated derivative, and ethylene products. This segment also manufactures and sells PVC compounds and building products fabricated from PVC, including residential siding, trim and molding, pipe and fittings for various water, sewer and industrial applications, profiles for windows and doors, decking products, films for various inflatables, wall covering tapes, roofing applications, and composite roof tiles. The Olefins segment offers polyethylene, styrene monomers, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen products.
TypePublic
Founded1986
HQHouston, TX, US
Websitewestlake.com
Employee Ratings4
Overall CultureB+

Latest Updates

Employees (est.) (Dec 2020)9,220(-2%)
Job Openings165
Revenue (FY, 2020)$7.5 B(-7%)
Share Price (Sept 2021)$84.7
Cybersecurity ratingAMore

Key People/Management at Westlake Chemical

Albert Chao

Albert Chao

Director, President and Chief Executive Officer
M. Steven Bender

M. Steven Bender

Executive Vice President and Chief Financial Officer
Robert F. Buesinger

Robert F. Buesinger

Executive Vice President - Vinyl Products
L. Benjamin Ederington

L. Benjamin Ederington

Senior Vice President - General Counsel, Chief Administrative Officer & Corporate Secretary
Johnathan Zoeller

Johnathan Zoeller

Vice President and Chief Accounting Officer
Roger L. Kearns

Roger L. Kearns

Executive Vice President and Chief Operating Officer
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Westlake Chemical Office Locations

Westlake Chemical has offices in Houston, Novi, Prairie, Beauharnois and in 7 other locations
Houston, TX, US (HQ)
2801 Post Oak Blvd
Novi, MI, US
24300 Catherine Industrial Dr #401
Prairie, MS, US
10068 Summit Dr
Beauharnois, CA
31 Rue de l'industrie
Eilenburg, DE
Am Färberwerder 11
Samarate, IT
Via Milano, 201
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Westlake Chemical Financials and Metrics

Westlake Chemical Revenue

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Westlake Chemical's revenue was reported to be $7.5 b in FY, 2020 which is a 7.6% decrease from the previous period.
USD

Revenue (Q1, 2021)

2.4b

Gross profit (Q1, 2021)

509.0m

Gross profit margin (Q1, 2021), %

21.6%

Net income (Q1, 2021)

253.0m

EBIT (Q1, 2021)

346.0m

Market capitalization (9-Sept-2021)

10.9b

Closing stock price (9-Sept-2021)

84.7

Cash (31-Mar-2021)

1.4b

EV

13.5b
Westlake Chemical's current market capitalization is $10.9 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

8.6b8.1b7.5b

Revenue growth, %

7%(6%)(8%)

Cost of goods sold

6.6b6.9b6.5b

Gross profit

2.0b1.3b1.0b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

2.0b2.1b2.1b1.9b1.7b1.9b2.4b

Cost of goods sold

1.7b1.8b1.7b1.6b1.5b1.7b1.8b

Gross profit

299.0m340.0m371.0m283.0m169.0m248.0m509.0m

Gross profit Margin, %

15%16%18%15%10%13%22%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

753.0m728.0m1.3b

Accounts Receivable

1.0b1.0b1.2b

Prepaid Expenses

38.0m42.0m32.0m

Inventories

1.0b936.0m918.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

445.0m409.0m1.4b1.5b1.1b1.2b1.4b

Accounts Receivable

1.1b1.2b1.0b1.3b1.2b1.3b1.3b

Prepaid Expenses

40.0m48.0m45.0m32.0m51.0m42.0m59.0m

Inventories

1.0b925.0m906.0m934.0m845.0m829.0m955.0m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

1.0b462.0m373.0m

Depreciation and Amortization

742.0m713.0m773.0m

Inventories

(123.0m)112.0m29.0m

Accounts Payable

(100.0m)(89.0m)67.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

82.0m211.0m377.0m157.0m181.0m250.0m253.0m

Depreciation and Amortization

171.0m347.0m525.0m190.0m381.0m577.0m195.0m

Inventories

19.0m125.0m136.0m(8.0m)87.0m108.0m(42.0m)

Accounts Payable

(7.0m)(40.0m)(49.0m)(2.0m)8.0m17.0m75.0m
USDFY, 2018

EV/EBIT

7.4 x

EV/CFO

7.4 x

Revenue/Employee

973.5k

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

1.9 x

P/E Ratio

8.7
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Westlake Chemical Operating Metrics

FY, 2017FY, 2018FY, 2019FY, 2020

Annual Production Capacity (Ethylene, Olefins), pounds

2.99 b2.99 b2.99 b2.99 b

Annual Production Capacity (LDP), pounds

1.5 b1.5 b1.5 b1.5 b

Annual Production Capacity (LLDPE), pounds

1.07 b1.07 b1.07 b1.07 b

Annual Production Capacity (Styrene), pounds

570 m570 m570 m570 m
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Westlake Chemical Acquisitions / Subsidiaries

Company NameDateDeal Size
NakanSeptember 25, 2018$265 m
Axiall CorporationJune 10, 2016$3.8 b
Vinnolit HoldingsJuly 31, 2014
CertainTeed CorporationMarch 06, 2013$175 m
Axiall Canada, Inc.
Axiall Holdco, Inc.
Axiall Limited Partnership
Axiall, LLC
Axiall Noteco, Inc.
Axiall Taiwan Ltd.
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Westlake Chemical Revenue Breakdown

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Westlake Chemical revenue breakdown by business segment: 20.4% from Olefins and 79.6% from Vinyls

Westlake Chemical revenue breakdown by geographic segment: 24.9% from Canada, 19.0% from Germany, 7.2% from China and 48.9% from Other

Westlake Chemical Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

Westlake Chemical Online and Social Media Presence

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Westlake Chemical Company Culture

  • Overall Culture

    B+

    73/100

  • CEO Rating

    A+

    80/100

  • Compensation

    A+

    89/100

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Westlake Chemical News and Updates

Westlake Chemical Partners Lp Ranked Among Today’s Top Buys Amid Growing Delta Variant Concerns

Markets are starting the post-Labor Day week on the wrong foot, as the Dow and the S&P fell into the red. Make the most of this market with today's Top Buys from Q.ai's artificial intelligence.

Westlake Chemical Partners Lp Among Today’s Top Buys As August Trading Comes To A Close

Stocks were little changed today, with the Dow down 21 points, or less than 0.1%, while both the S&P and Nasdaq were flat. Find opportunities in today's market with the Top Buys from Q.ai's deep learning algorithms.

Westlake Chemical to acquire Boral building products for $2 billion

Houston chemical manufacturer Westlake Chemical is buying Boral Industries' North American building products businesses, including roofing, siding, trim and shutters, decorative stone and windows

Westlake Chemical Corporation – Consensus Indicates Potential 4.0% Upside

Westlake Chemical Corporation with ticker code (WLK) have now 17 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 135 and 62 calculating the mean target price we have 104.35. With the stocks previous…

Westlake Water Treatment Systems Help Pennsylvania Borough Meet U.S. Clean Water Act

The Water Treatment division of Westlake Chemical Corporation (NYSE: WLK), manufacturer of the Accu-Tab® chlorination and CleanSlate® dichlorination systems, today published a new case history outlining the key roles its water treatment systems perform within a recently upgraded wastewater processin…

Westlake Chemical Corporation Declares Quarterly Dividend

The Board of Directors of Westlake Chemical Corporation (NYSE:WLK) declared today a regular dividend distribution of $0.2700 per share for the first quarter of 2021. This dividend will be payable on June 9, 2021, to stockholders of record on May 25, 2021.
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Westlake Chemical Blogs

Westlake Contributes $250,000 to the Hurricane Ida Relief Fund

Westlake Contributes $250,000 to the Hurricane Ida Relief Fund Anonymous (not verified) Wed, 09/15/2021 - 09:43

Westlake Completes Acquisition of Dimex

Westlake Completes Acquisition of Dimex Anonymous (not verified) Fri, 09/10/2021 - 09:42

Training Exchange Privacy Policy

Training Exchange Privacy Policy dwilkins Tue, 09/07/2021 - 12:30

Westlake Chemical Corporation Issues Statement on Hurricane Ida

Westlake Chemical Corporation Issues Statement on Hurricane Ida Anonymous (not verified) Tue, 08/31/2021 - 19:43

NAPCO Pipe & Fittings Announces Completion of Acquisition of LASCO Fittings

NAPCO Pipe & Fittings Announces Completion of Acquisition of LASCO Fittings Anonymous (not verified) Thu, 08/19/2021 - 15:44

Westlake Chemical Corporation Announces Five Percent Increase in Quarterly Dividend

Westlake Chemical Corporation Announces Five Percent Increase in Quarterly Dividend Anonymous (not verified) Mon, 08/16/2021 - 05:49
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Westlake Chemical Frequently Asked Questions

  • When was Westlake Chemical founded?

    Westlake Chemical was founded in 1986.

  • Who are Westlake Chemical key executives?

    Westlake Chemical's key executives are Albert Chao, M. Steven Bender and Robert F. Buesinger.

  • How many employees does Westlake Chemical have?

    Westlake Chemical has 9,220 employees.

  • What is Westlake Chemical revenue?

    Latest Westlake Chemical annual revenue is $7.5 b.

  • What is Westlake Chemical revenue per employee?

    Latest Westlake Chemical revenue per employee is $813.9 k.

  • Who are Westlake Chemical competitors?

    Competitors of Westlake Chemical include Olin Corporation, Schweiter Technologies and Sasol.

  • Where is Westlake Chemical headquarters?

    Westlake Chemical headquarters is located at 2801 Post Oak Blvd, Houston.

  • Where are Westlake Chemical offices?

    Westlake Chemical has offices in Houston, Novi, Prairie, Beauharnois and in 7 other locations.

  • How many offices does Westlake Chemical have?

    Westlake Chemical has 11 offices.