Westlake Chemical (WLK) Tops Q3 EPS by 26c, Revenues Beat

Westlake Chemical (NYSE: WLK) reported Q3 EPS of $2.35, $0.26 better than the analyst estimate of $2.09. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.23 billion.

"We are very pleased with the results for the third quarter as we achieved a new record in quarterly EBITDA. We continue to experience strong global demand for our products in both the Olefins and Vinyls segments and are investing in a number of initiatives around the world which we expect will allow us to continue our growth in earnings and cash flows,” said Albert Chao, President and Chief Executive Officer. "We are excited about the recently announced acquisition of NAKAN that we expect to close by early 2019. We believe they are an excellent strategic fit with an expansive portfolio of products and global footprint that we will be able to leverage with our current operations and drive value for our shareholders. We look forward to welcoming the NAKAN employees to Westlake."

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

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