Westlake earnings up 9.5% YOY

摘要

Westlake Chemical (Houston) reports third-quarter net income of $184 million, up 9.5% year-over-year (YOY) on the one-time boost of a lower effective tax rate, which offset the effects of maintenance outages. Sales totaled $1.188 billion, down 5.2% YOY on lower sales prices, partially offset by higher sales volume, says the company. Earnings of $1.39 per diluted share exceeded the mean analysts’ estimate of $1.29 as compiled by Thomson Reuters (New York).