NYSE$WLK
Westlake Chemical Corp · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Westlake's financial performance improved in Q1 2023, driven by higher demand and cost savings.
Westlake Corporation reported a net income of $394 million on net sales of $3,356 million for Q1 2023. This represents an increase in net income compared to Q4 2022, driven by higher operating rates and sales volume, lower feedstock, fuel, and power costs, and cost synergies from recent acquisitions.
- Net income increased by 70% from Q4 2022.
- EBITDA increased to $825 million, up from $619 million in the previous quarter.
- PEM's EBITDA margin increased to 26% from 19% in Q4 2022.
- HIP's EBITDA margin increased to 20% from 14% over the same period of time.
Headline financials
Revenue & EPS history
Westlake · Revenue · Quarterly
$3.36B
Forward guidance
While the company is pleased with the start to the year, the macroeconomic backdrop remains uncertain. They are cautiously optimistic about the second quarter, which is typically the strongest of the year, while they continue to focus on areas within their control.
Tailwinds
- Maintaining cost-focused culture
- Attainment of cost synergies from recent acquisitions
- Achieving ESG targets
- Innovating to solve sustainability challenges
- Redeploying capital in a shareholder-friendly manner
Headwinds
- Impact of rising interest rates
- Potential for tightening lending standards
- Impact on demand for products
- Uncertain macroeconomic backdrop
- Difficult to predict the impact of these actions
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.4%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+1.1%
Avg return
30 days after
51%
33 / 65 earnings
Positive
+12.1%
Q4 2025
Best reaction
-13.4%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.6% | -6.9% | -19.4% | |
| Q4 2025 | +12.1% | +13.3% | +22.0% | |
| Q3 2025 | -7.0% | -9.1% | -9.1% | |
| Q1 2025 | -13.4% | -15.5% | -23.0% | |
| Q4 2024 | -0.2% | +2.4% | -7.4% | |
| Q3 2024 | +4.3% | +0.5% | -6.0% | |
| Q2 2024 | +7.5% | +9.4% | +2.2% | |
| Q1 2024 | +1.5% | +4.0% | +9.0% | |
| Q4 2023 | -6.0% | +2.8% | +3.2% | |
| Q3 2023 | +6.4% | +3.6% | +14.1% | |
| Q2 2023 | -2.5% | -1.3% | -1.3% | |
| Q1 2023 | +8.1% | +5.3% | +0.7% | |
| Q4 2022 | -3.2% | -0.9% | -12.6% | |
| Q3 2022 | +4.1% | +5.5% | +13.1% | |
| Q2 2022 | -2.8% | -2.9% | -0.9% | |
| Q1 2022 | +10.3% | +8.0% | +4.8% | |
| Q4 2021 | -0.9% | +2.4% | +17.4% | |
| Q3 2021 | +1.9% | +0.9% | -6.2% | |
| Q2 2021 | -1.7% | +0.3% | +6.9% | |
| Q1 2021 | +7.6% | +9.3% | +10.9% | |
| Q4 2020 | +0.8% | -2.1% | +0.6% | |
| Q3 2020 | -1.1% | +1.3% | +10.8% | |
| Q2 2020 | +0.9% | +7.4% | +9.7% | |
| Q1 2020 | +5.9% | +7.8% | +30.0% | |
| Q4 2019 | -2.8% | -4.1% | -42.7% | |
| Q3 2019 | +7.5% | +9.3% | -1.1% | |
| Q2 2019 | +0.5% | -0.6% | -2.8% | |
| Q1 2019 | -6.4% | -10.6% | -15.5% | |
| Q4 2018 | -1.2% | -6.6% | -13.8% | |
| Q3 2018 | +6.8% | +1.9% | -5.7% | |
| Q2 2018 | -7.5% | -6.7% | -12.1% | |
| Q1 2018 | -1.2% | +0.5% | +8.0% | |
| Q4 2017 | +1.6% | +4.1% | +6.2% | |
| Q3 2017 | +9.2% | +8.1% | +15.5% | |
| Q2 2017 | -1.9% | -2.5% | +8.9% | |
| Q1 2017 | +0.7% | -0.1% | +0.4% | |
| Q4 2016 | +4.7% | +3.2% | +5.8% | |
| Q3 2016 | +2.7% | +2.5% | +11.9% | |
| Q2 2016 | -0.1% | -4.0% | +12.0% | |
| Q1 2016 | -3.7% | — | — | |
| Q4 2015 | -7.0% | — | — | |
| Q3 2015 | +1.6% | — | — | |
| Q2 2015 | +7.1% | — | — | |
| Q1 2015 | -9.3% | — | — | |
| Q4 2014 | +0.1% | — | — | |
| Q3 2014 | -5.2% | — | — | |
| Q2 2014 | -1.9% | — | — | |
| Q1 2014 | +2.4% | — | — | |
| Q4 2013 | +2.1% | — | — | |
| Q3 2013 | +4.9% | — | — | |
| Q2 2013 | +4.6% | — | — | |
| Q1 2013 | +10.9% | — | — | |
| Q4 2012 | -5.2% | — | — | |
| Q3 2012 | -1.6% | — | — | |
| Q2 2012 | +11.2% | — | — | |
| Q1 2011 | -3.6% | — | — | |
| Q1 2012 | +1.3% | — | — | |
| Q1 2010 | -0.8% | — | — | |
| Q4 2011 | -0.8% | — | — | |
| Q4 2009 | -0.8% | — | — | |
| Q3 2010 | +4.7% | — | — | |
| Q3 2011 | +4.7% | — | — | |
| Q4 2010 | -9.3% | — | — | |
| Q2 2011 | -9.3% | — | — | |
| Q2 2010 | -9.3% | — | — |
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