Westlake's Wild Ride to Profitability: A Cautionary Tale for Investors Westlake Corporation's latest quarterly earnings report has sent shockwaves through the market, erasing two consecutive losses in a single quarter.
Net income jumped to $260 million, or $2. 01 per share, after posting losses of $169 million just three months prior and $142 million a year ago.
The Price of Recovery Westlake's turnaround centers on its Performance and Essential Materials segment, which swung from an operating loss to a profit this quarter.