Westlake’s (WLK) Second Quarter Turned Two Straight Losses Into Profit
Westlake (WLK) reported Q2 net income of $260M ($2.01/Share), reversing prior losses, driven by a 14% price increase in its chemicals segment. EBITDA tripled YoY. Housing segment margins slipped. Debt reduced by $500M, $99M returned to shareholders. Hedge funds increased holdings, but short interest remains high at 17.44%. Forward P/E is 15.02.

