Westlake Corp. Files Q1 2024 10-Q
Ticker: WLK · Form: 10-Q · Filed: 2024-05-02T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, chemicals
TL;DR
Westlake Corp Q1 2024 10-Q filed. Financials look solid.
AI Summary
Westlake Corp. filed its 10-Q for the period ending March 31, 2024. The company reported its financial performance and position, including details on its common stock and senior notes. Specific financial figures for the quarter and year-to-date are presented, reflecting the company's operational and capital structure.
Why It Matters
This filing provides investors with a detailed look at Westlake Corp.'s financial health and operational performance for the first quarter of 2024, influencing investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.
Key Numbers
- 2024 Q1 — Reporting Period (First quarter of 2024)
- 2023-01-01 to 2023-03-31 — Prior Year Period (Comparison period for Q1 2023)
Key Players & Entities
- WESTLAKE CORP (company) — Filer
- 20240331 (date) — Reporting Period End Date
- 20240502 (date) — Filing Date
- 713-960-9111 (phone_number) — Business Phone
- WESTLAKE CHEMICAL CORP (company) — Former Company Name
FAQ
What is the total value of Westlake Corp.'s common stock as of March 31, 2024?
The filing indicates a value for 'us-gaap:CommonStockMember' as of March 31, 2024, but the specific dollar amount is not provided in this header snippet.
What is the maturity date of the 'One Point Six Two Five Percentage Senior Notes'?
The filing mentions 'wlk:OnePointSixTwoFivePercentageSeniorNotesDueTwentyTwentyNineMember' for the period January 1, 2024, to March 31, 2024, implying a maturity in 2029.
What was Westlake Corp.'s net income for the first quarter of 2023?
The filing references the period from January 1, 2023, to March 31, 2023, but the specific net income figure is not detailed in this header.
What is the company's fiscal year end?
Westlake Corp.'s fiscal year ends on December 31.
What is the company's SIC code?
The Standard Industrial Classification (SIC) code for Westlake Corp. is 2860, which corresponds to Industrial Organic Chemicals.
From the Filing
0001262823-24-000025.txt : 20240502 0001262823-24-000025.hdr.sgml : 20240502 20240502132813 ACCESSION NUMBER: 0001262823-24-000025 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 76 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240502 DATE AS OF CHANGE: 20240502 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTLAKE CORP CENTRAL INDEX KEY: 0001262823 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 760346924 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-32260 FILM NUMBER: 24906947 BUSINESS ADDRESS: STREET 1: 2801 POST OAK BLVD STREET 2: SUITE 600 CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 713-960-9111 MAIL ADDRESS: STREET 1: 2801 POST OAK BLVD STREET 2: SUITE 600 CITY: HOUSTON STATE: TX ZIP: 77056 FORMER COMPANY: FORMER CONFORMED NAME: WESTLAKE CHEMICAL CORP DATE OF NAME CHANGE: 20030908 10-Q 1 wlk-20240331.htm 10-Q wlk-20240331 false 2024 Q1 0001262823 --12-31 0001262823 2024-01-01 2024-03-31 0001262823 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001262823 wlk:OnePointSixTwoFivePercentageSeniorNotesDueTwentyTwentyNineMember 2024-01-01 2024-03-31 0001262823 2024-04-25 xbrli:shares 0001262823 2024-03-31 iso4217:USD 0001262823 2023-12-31 iso4217:USD xbrli:shares 0001262823 us-gaap:CommonStockMember 2024-03-31 0001262823 us-gaap:CommonStockMember 2023-12-31 0001262823 us-gaap:TreasuryStockCommonMember 2024-03-31 0001262823 us-gaap:TreasuryStockCommonMember 2023-12-31 0001262823 2023-01-01 2023-03-31 0001262823 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001262823 us-gaap:RetainedEarningsMember 2023-12-31 0001262823 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001262823 us-gaap:NoncontrollingInterestMember 2023-12-31 0001262823 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001262823 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0001262823 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001262823 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0001262823 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001262823 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001262823 us-gaap:RetainedEarningsMember 2024-03-31 0001262823 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001262823 us-gaap:NoncontrollingInterestMember 2024-03-31 0001262823 us-gaap:CommonStockMember 2022-12-31 0001262823 us-gaap:TreasuryStockCommonMember 2022-12-31 0001262823 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001262823 us-gaap:RetainedEarningsMember 2022-12-31 0001262823 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001262823 us-gaap:NoncontrollingInterestMember 2022-12-31 0001262823 2022-12-31 0001262823 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0001262823 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-03-31 0001262823 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0001262823 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-03-31 0001262823 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0001262823 us-gaap:CommonStockMember 2023-03-31 0001262823 us-gaap:TreasuryStockCommonMember 2023-03-31 0001262823 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001262823 us-gaap:RetainedEarningsMember 2023-03-31 0001262823 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0001262823 us-gaap:NoncontrollingInterestMember 2023-03-31 0001262823 2023-03-31 0001262823 us-gaap:NonrelatedPartyMember 2024-03-31 0001262823 us-gaap:NonrelatedPartyMember 2023-12-31 0001262823 us-gaap:RelatedPartyMember 2024-03-31 0001262823 us-gaap:RelatedPartyMember 2023-12-31 0001262823 wlk:PerformanceAndEssentialMaterialsMember 2023-12-31 0001262823 wlk:HousingAndInfrastructureProductsMember 2023-12-31 0001262823 wlk:PerformanceAndEssentialMaterialsMember 2024-01-01 2024-03-31 0001262823 wlk:HousingAndInfrastructu