Overview

* Westlake Q2 net sales of $2.953 bln missed analyst expectations, per LSEG data

* Net loss of $142 mln impacted by $130 mln in facility closure expenses

* EBITDA excluding identified items was $340 mln, down from $744 mln a year ago

Outlook

* Westlake targets $200 mln additional cost reductions by 2026

* Company expects chlorovinyls production to normalize in Q3 2025

* Westlake anticipates improved profitability in 2026 post-Pernis closure

Result Drivers

* FACILITY CLOSURES - $130 mln impact from Pernis facility closure and temporary cessation of PVC resin unit in China

* HIP SEGMENT GROWTH - Housing and Infrastructure Products sales up 16% sequentially, driven by higher sales volume and margins

* PEM SEGMENT DECLINE - Performance and Essential Materials sales volume drop 6% due to weaker global demand and production disruptions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Miss $2.95 $3.02

bln bln (13

Analysts

)

Q2 EPS -$1.11

Q2 Net -$142

Income mln

Q2 12.0%

EBITDA

Margin

Q2 -$125

Pretax mln

Profit

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)