NYSE:WLKChemicals
Westlake (WLK) Valuation Check as Capacity Cuts and Plant Closures Reshape Its Profitability Outlook
Westlake (WLK) just made a big capacity call, approving closures at multiple chlorovinyl and styrene facilities in Mississippi and Louisiana as part of a broader profitability push in a tough commodity chemicals environment.
See our latest analysis for Westlake.
The restructuring news lands after a volatile stretch for Westlake, with a roughly 26 percent 1 month share price return but a sharply negative year to date share price return and weak multi year total shareholder returns. This...