WLKWestlake Corporation

$14B

Q1 2023 Earnings

Basic Materials Chemicals - Specialty

Income Statement

Revenue

$3.4B-17.3% YoY

Gross Profit

$792M23.6% margin

Operating Income

$536M16.0% margin

Net Income

$394M11.7% margin

EPS (Diluted)

$3.05

QoQ Revenue Growth

+1.7%

Cash Flow

Operating Cash Flow

$512M

Free Cash Flow

$245M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$20.8B

Total Liabilities

$10.0B

Stockholders' Equity

$10.3B

Cash & Equivalents

$2.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.4B	$4.1B	-17.3%
Gross Profit	$792M	$1.3B	-38.4%
Operating Income	$536M	$1.0B	-48.1%
Net Income	$394M	$756M	-47.9%

Revenue Segments

Performance and Essential Materials

$2.3B70%

Housing and Infrastructure Products

$1.0B30%

WLK Q1 2023 Earnings — Westlake Corporation Revenue & Financial Results | Market Cap Arena