Westlake Corporation reported second-quarter net income of $260 million, or $2.01 per share, on August 4, reversing a $169 million loss in the prior quarter and a $142 million loss a year earlier. The turnaround centered on the Performance and Essential Materials segment, which swung from a $318 million operating loss in the second quarter of 2025 to $185 million in income, as EBITDA excluding identified items jumped from a 3% margin to 21% on a 14% year-over-year rise in average sales prices. Companywide EBITDA reached $679 million from $210 million a year earlier, helped by a 7% increase in sales volume excluding plant shutdowns and an acquisition. Westlake also reduced debt by $500 million and returned $99 million to shareholders through dividends and share repurchases, while management said its three-pillar profitability improvement plan remains on track to deliver a $600 million operating income benefit. The Housing and Infrastructure Products segment did not share in the improvement, with its EBITDA margin slipping to 22% from 24% as average sales prices fell 3% year over year even though volume rose 6% excluding the ACI acquisition.
Westlake Chemical CorporationWestlake swung to $260M Q2 net income from a $169M prior-quarter loss, with EBITDA jumping to $679M from $210M and $500M debt reduction.
