Westlake Corporation Reports 79.89% Profit Growth in Quarterly Earnings

Westlake Corporation [WLK] reported a substantial profit of $313 million in the second quarter of 2024, ending June 30. This marked a significant increase from the previous quarter's profit of $174 million.

The company, headquartered in Houston, Texas, reported to SEC in an 8-K filing $2.40 earnings per share in the quarter, compared to $1.34 in the previous quarter.

Westlake Corporation, a leading player in the Chemicals industry, recorded a total revenue of $3.2 billion in the reported period, showing a 7.77% increase compared to the revenue of $2.97 billion in the preceding quarter.

In comparison to the same quarter of the previous year, Westlake Corporation's revenue for the current period decreased by 1.26%, with reported revenue of $3.2 billion compared to $3.25 billion in the previous year's corresponding quarter.