WLK Q2 2023 Earnings — Westlake Corporation Revenue & Financial Results | Market Cap Arena

WLKWestlake Corporation

$14B

Q2 2023 Earnings

Basic Materials Chemicals - Specialty

Income Statement

Revenue

$3.3B-27.5% YoY

Gross Profit

$642M19.7% margin

Operating Income

$396M12.2% margin

Net Income

$297M9.1% margin

EPS (Diluted)

$2.30

QoQ Revenue Growth

-3.1%

Cash Flow

Operating Cash Flow

$555M

Free Cash Flow

$315M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$21.0B

Total Liabilities

$9.9B

Stockholders' Equity

$10.5B

Cash & Equivalents

$2.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.3B	$4.5B	-27.5%
Gross Profit	$642M	$1.4B	-55.6%
Operating Income	$396M	$1.2B	-66.3%
Net Income	$297M	$858M	-65.4%

Revenue Segments

Performance and Essential Materials

$2.1B66%

Housing and Infrastructure Products

$1.1B34%