Westlake Chemical Corporation

Westlake Corporation declared a quarterly dividend of $0.533 per share, a 0.6% increase from the prior dividend of $0.530. The dividend is payable September 10 to shareholders of record on August 25, with the ex-dividend date also August 25. The forward yield is 2.68%.

Westlake Corporation returned to profitability in the second quarter of 2026, reporting net sales of $3.3 billion, net income of $260 million, and EBITDA of $679 million, compared with a net loss of $12 million in the prior-year quarter. The improvement was driven by higher average selling prices in its Performance and Essential Materials segment, lower feedstock costs, and cost savings from its profitability-improvement plan, which contributed about $150 million to year-over-year EBITDA growth in the quarter and keeps the company on track for its $600 million full-year 2026 target. Housing and Infrastructure Products sales rose 8% to $1.3 billion, but its EBITDA margin declined to 22% due to lower prices and higher transportation and raw-material costs, leading Westlake to lower its full-year HIP outlook toward the low end of its prior guidance range amid weaker residential construction expectations. The company maintained its $900 million capital expenditure plan for 2026 and completed the acquisition of a PVC and VCM plant in Wilhelmshaven, Germany, which is expected to contribute more meaningfully to earnings next year.

The global hydrochloric acid market is projected to grow from USD 2.76 billion in 2025 to USD 5.21 billion by 2035, at a compound annual growth rate of 6.03 percent, according to a report by SNS Insider. North America held the largest revenue share in 2025 at approximately 35.1 percent, with the United States contributing 87.4 percent of that regional total. The steel pickling application segment accounted for over 36.5 percent of the market in 2025, while the oil well acidizing segment was the fastest growing. Asia Pacific is expected to be the fastest-growing regional market, registering a nearly 6.4 percent CAGR from 2026 to 2035, driven by industrialization in China and India. Key players include Olin Corporation, Occidental Petroleum Corporation, Westlake Corporation, Dow Inc., and BASF SE.

Westlake Corp has completed the acquisition of a polyvinyl chloride and vinyl chloride monomer production site in Wilhelmshaven, Germany, through its German subsidiary Westlake Vinnolit GmbH & Co. KG. The site has the potential to produce 380,000 metric tons of PVC per year, expanding Westlake's global chlorovinyl manufacturing footprint. Its competitive edge stems from advantageous logistical infrastructure, including a deep-water dock that enables efficient raw material supply, and it is expected to strengthen the company's chlorovinyl production facilities in Europe and North America. The acquisition strengthens Westlake's Performance & Essential Materials business. Separately, Mizuho reiterated a Neutral rating on Westlake stock on July 1 but lowered its price target to $88 from $110.

Westlake Royal Building Products, a unit of Westlake Corporation, introduced two new neutral colorways to its Dutch Quality Stone line and expanded two existing colors across additional profiles and accessories. The new colors, Soft Barley and Summer Plains, target growing demand for warm, versatile neutrals in residential and commercial design. Soft Barley offers a creamy, sun-washed look in Rough Ashlar and Weather Ledge profiles, while Summer Plains blends sandy browns, cool greys, and blue-grey tones in Tuscan Ridge and Weather Ledge profiles. The company also extended the Snowpack color from Handformed Brick to Rough Ashlar and Weather Ledge, and made the Mist color available across the full range of accents and accessories. The additions align with a shift toward softer, warmer palettes and provide architects with modern and traditional design options.