Westlake Chemical (NYSE: WLK) reported Q2 EPS of $4.04, $0.70 better than the analyst estimate of $3.34. Revenue for the quarter came in at $2.9 billion versus the consensus estimate of $2.69 billion.

"This is an exciting time for Westlake. In the second quarter, we achieved record quarterly earnings as we continue to benefit from the global economic recovery and expansion that began in the summer of 2020 with strong demand for our products driving higher sales prices and margins," said Albert Chao, President and Chief Executive Officer. "The strong demand we experienced across our product offerings during the quarter illustrates our earnings capability. As global supply chains and manufacturing recover to meet demand, Westlake is well positioned to deliver strong results."

"We continue to invest in our business to drive value and are creating new platforms for continued future growth," continued Mr. Chao. "We recently announced acquisitions totaling approximately $2.4 billion for Boral North America and LASCO, which will set another stage of development and growth for Westlake. We believe in the growing secular strength of the housing, repair and remodeling markets, and these strategic acquisitions will provide new and complementary platforms and long-term growth opportunities for Westlake. Through these acquisitions, we can deliver greater value and convenience to our customers which will create value uplift to our shareholders. We look forward to welcoming the Boral and LASCO employees to the Westlake family."

For earnings history and earnings-related data on Westlake Chemical (WLK) click here.