WLK Q1 2022 Earnings — Westlake Corporation Revenue & Financial Results | Market Cap Arena

WLKWestlake Corporation

$14B

Q1 2022 Earnings

Basic Materials Chemicals - Specialty

Income Statement

Revenue

$4.1B+72.1% YoY

Gross Profit

$1.3B31.7% margin

Operating Income

$1.0B25.4% margin

Net Income

$756M18.6% margin

EPS (Diluted)

$5.83

QoQ Revenue Growth

+15.7%

Cash Flow

Operating Cash Flow

$700M

Free Cash Flow

$437M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$19.7B

Total Liabilities

$10.5B

Stockholders' Equity

$8.7B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.1B	$2.4B	+72.1%
Gross Profit	$1.3B	$509M	+152.5%
Operating Income	$1.0B	$346M	+198.3%
Net Income	$756M	$242M	+212.4%

Revenue Segments

Olefins

$2.8B70%

Vinyls

$1.2B30%