Westlake Reports Q3 2026 Earnings Growth Driven by PEM Segment and Pricing Increases
Westlake (WLK) reported strong third-quarter 2026 financial results, highlighted by a 5% increase in net sales to $3.0 billion and a significant turnaround in profitability. Non-GAAP diluted EPS rose to $0.45, compared to a loss of $0.29 in the prior-year period. The Performance and Essential Materials (PEM) segment was a primary driver of growth, with net sales increasing 8% due to higher average selling prices for polyethylene and PVC resin. Despite these gains, the company faces headwinds in its Housing and Infrastructure Products (HIP) segment and broader European markets. High energy costs in Germany and weak demand have led to low operating rates for PVC in Europe. However, Westlake's profitability improvement plan remains on track, having delivered $500 million in EBITDA uplift through the first nine months of the year toward a full-year target of $600 million.
Tickers: $WLK
Topics: EBITDA EPS free cash flow net sales segment performance