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Westlake fourth-quarter earnings climb to $171 million on higher prices and volumes

10:42 AM MST | February 20, 2014 | Clay Boswell

Westlake Chemical reports fourth-quarter net income of $171 million, up 80% year-over-year (YOY), and sales of $952 million, up 19% YOY. Westlake attributes the gains primarily to higher sales prices for polyethylene, styrene and polyvinyl chloride resin and higher sales volumes. Earnings of $2.54/share beat the analysts’ consensus estimate of $2.13.

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