in this issue
Markets :: Plastics :: Polyethylene
Westlake’s Earnings Rise on Higher PE Volumes, but Vinyls Unit Posts a Loss
11:51 AM MST | February 25, 2008 | Nancy Seewald
Westlake Chemical reported fourth-quarter 2007 net income of $18.8 million, up 30% over the same period last year. Excluding an $8 million tax benefit, earnings were 17 cts/share, falling short of analysts’ consensus estimates of 33 cts/share as reported by First Call (Boston). Sales rose 62%, to $850.6 million, on higher polyethylene (PE) sales volumes, partially offset by higher feedstock costs. Higher selling prices also boosted fourth-quarter sales. Chao: Economic concerns remain. Westlake’s olefins segment reported income from operations of...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee