Westlake Corporation Reports Record First Quarter 2022 Results
Record quarterly net sales of $4.1 billion, an increase of 72% vs. first quarter 2021 net sales Record quarterly net income of $756 million, an increase of 212% vs. first quarter 2021 net income Record quarterly EBITDA of $1.3 billion, an increase of 135% vs. first quarter 2021 EBITDA Expanded specialty product focused portfolio with acquisition of Hexion's global epoxy business Westlake Corporation (NYSE: WLK) (the "Company" or "Westlake") today announced record first quarter 2022 results. SUMMARY FINANCIAL HIGHLIGHTS ($ in millions except per share data) Three Months Ended March 31, 2022 2021 Westlake Corporation Income from operations $ 1,032 $ 346 Net income attributable to Westlake Corporation $ 756 $ 242 Diluted earnings per common share $ 5.83 $ 1.87 EBITDA $ 1,300 $ 553
