Westlake Chemical (WLK) Tops Q1 EPS by 1c

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Go back to Westlake Chemical (WLK) Tops Q1 EPS by 1c

Westlake Chemical Corporation Announces First Quarter 2016 Earnings

May 3, 2016 6:35 AM EDT

HOUSTON, May 3, 2016 /PRNewswire/ -- Westlake Chemical Corporation (NYSE: WLK) today reported net income for the three months ended March 31, 2016 of $123.1 million, or $0.94 per diluted share, on net sales of $975.2 million. This represents a decrease in net income of $23.2 million, or $0.16 per diluted share, compared to the quarter ended March 31, 2015 net income of $146.3 million, or $1.10 per diluted share, on net sales of $1,103.5 million. Net sales for the first quarter of 2016 decreased by $128.3 million compared to net sales for the first quarter of 2015, mainly due to lower sales prices for all of... More