Westlake Chemical (WLK) Misses Q1 EPS by 70c
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Westlake Chemical Corporation Reports First Quarter 2019 Results
May 2, 2019 6:30 AM EDTHOUSTON--(BUSINESS WIRE)-- Westlake Chemical Corporation (NYSE: WLK) (the "Company" or "Westlake") today reported net income attributable to Westlake for the three months ended March31,2019 of $72million, or $0.55 per diluted share, on net sales of $2,025 million. Net income decreased by $215 million compared to first quarter 2018 net income of $287 million, or $2.20 per diluted share. Income from operations for the first quarter of 2019 of $134 million decreased $267 million from income from operations of $401 million for the first quarter of 2018. The decrease was primarily due to lower margins which resulted from lower sales prices for our major... More
