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Gotrade News - Westlake (WLK) reported third-quarter 2026 net sales of $3.0 billion and net income of $6 million, or $0.05 per diluted share, on Wednesday, November 4, 2026, according to Westlake's official earnings release. Excluding Identified Items, net income was $58 million, or $0.45 per share.
Regular-session close on November 4, 2026, New York time. Prices and changes: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Market cap: that close times the shares outstanding on the latest 10-Q or 10-K cover (SEC EDGAR).
Westlake Earnings Details
Third-quarter net sales were $2,981 million, compared with $2,838 million in the third quarter of 2025. Net income attributable to Westlake was $6 million, or $0.05 per diluted share, against a net loss of $782 million, or $6.06 per share, a year earlier. Excluding Identified Items, net income was $58 million, or $0.45 per share, compared with a net loss of $38 million, or $0.29 per share. EBITDA excluding Identified Items was $408 million, up 30% from $313 million. Identified Items were $56 million of charges for previously announced facility shutdowns and $2 million of other restructuring costs.
Housing and Infrastructure Products (HIP) net sales were $1,087 million versus $1,091 million, and its income from operations fell $23 million to $128 million on lower sales volume and higher distribution costs, the company said. Performance and Essential Materials (PEM) net sales rose to $1,894 million from $1,747 million, and its loss from operations excluding Identified Items narrowed to $8 million from $158 million.
Net cash from operating activities was $408 million, capital expenditures were $188 million and free cash flow was $220 million, the company said. As of September 30, 2026, cash and investments were $2.0 billion and total debt was $5.1 billion.
Why It Matters for WLK
Against the second quarter of 2026, EBITDA excluding Identified Items decreased by $271 million from $679 million. The company said its average sales price declined 4% and comparable sales volume declined 7%, and that PEM's average sales price fell 8% sequentially as second-quarter price increases at the onset of the Middle East conflict moderated. It cited higher energy costs, weak demand and increasing imports in Europe, and announced the closure of its PVC plant in Cologne, Germany.
CEO Jean-Marc Gilson said the company's three-pillar profitability improvement plan "remains on track to deliver $600 million of EBITDA uplift in 2026," and that higher borrowing costs are expected "to weigh on HIP's near-term sales volumes." Its earnings presentation said fourth-quarter 2026 HIP revenue is expected to be between $900 million and $1 billion with an approximately 13% EBITDA margin.
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M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
