Westlake Chemical Corporation Reports Third Quarter 2020 Results
Third quarter net income of $57 million, or $0.45 per diluted share Lake Charles, Louisiana olefins and vinyls facilities impacted by Hurricane Laura Third quarter net income includes pre-tax restructuring charges of $34 million, or $0.19 per diluted share Nov. 3, 2020- Westlake Chemical Corporation (NYSE: WLK) (the "Company" or "Westlake") today reported net income attributable to Westlake for the three months ended September 30, 2020 of $57 million, or $0.45 per diluted share, on net sales of $1,898 million. Net income in the third quarter of 2020 decreased by $101 million compared to third quarter 2019 net income of $158 million, or $1.22 per share, on net sales of $2,066 million. Income from operations of $79 million for the third quarter of 2020 decreased by $147 million from income from operations of $226 million for the third quarter of 2019. These decreases in net income and operating income were largely attributable to the impacts from Hurricane Laura, which included lost