UPDATE: Westlake Chemical (WLK) Misses Q4 EPS by 63c, Revenues Miss
Westlake Chemical (NYSE: WLK) reported Q4 EPS of $0.95, $0.70 worse than the analyst estimate of $1.65. Revenue for the quarter came in at $2 million versus the consensus estimate of $2.09 billion.
"We are very pleased with our 2018 results with records for both income from operations and EBITDA. We saw solid demand for all of our major products in both the domestic and export markets while benefitting from the investments we made since our acquisition of Axiall to improve our operations and reliability," said Albert Chao, President and Chief Executive Officer. "We are excited about the recent acquisition of NAKANTM, a global leader in PVC compounding which has an outstanding reputation for superior technology, product quality and operational excellence. We welcome their team into the Westlake family and look forward to leveraging their capabilities with our current operations to serve our customers and drive value for our shareholders."
For earnings history and earnings-related data on Westlake Chemical (WLK) click here.