Westlake Corporation (WLK) Discusses Facility Closures and Profitability Improvement Actions in Performance and Essential Materials Segment Transcript

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Westlake Corporation (WLK) Discusses Facility Closures and Profitability Improvement Actions in Performance and Essential Materials Segment December 15, 2025 10:00 AM EST

Company Participants

Jeff Holy – VP & Chief Accounting Officer
Jean-Marc Gilson – President & CEO
M. Bender – Executive VP & CFO

Conference Call Participants

Patrick Cunningham – Citigroup Inc., Research Division
Arun Viswanathan – RBC Capital Markets, Research Division
Patrick Fischer – Goldman Sachs Group, Inc., Research Division
Aleksey Yefremov – KeyBanc Capital Markets Inc., Research Division
Michael Sison – Wells Fargo Securities, LLC, Research Division
Salvator Tiano – BofA Securities, Research Division
Joshua Spector – UBS Investment Bank, Research Division
David Begleiter – Deutsche Bank AG, Research Division
Jeffrey Zekauskas – JPMorgan Chase & Co, Research Division
Kevin McCarthy – Vertical Research Partners, LLC

Presentation

Operator

Good morning, ladies and gentlemen. Thank you for standing by. Welcome to the Westlake Corporation PEM Profitability Improvement Plan Update Conference Call. [Operator Instructions]. As a reminder, ladies and gentlemen, this conference is being recorded today, December 15, 2025. I would now like to turn the call over to today’s host, Jeff Holy, Westlake’s Vice President and Chief Accounting Officer. Sir, you may begin.

Jeff Holy
VP & Chief Accounting Officer

Thank you, Daniel. Good morning, everyone, and welcome to the Westlake Corporation conference call to provide an update on our PEM Profitability Improvement Plan.

I’m joined today by Jean-Marc Gilson, our President and CEO; Steve Bender, our Executive Vice President and Chief Financial Officer, and other members of our management team. During this call, we will refer to our 2 reporting segments: Performance and Essential Materials, which we refer to as PEM or Materials; and Housing and Infrastructure Products, which we refer to as HIP or Products. Today’s conference call will begin with Jean-Marc, who will open with a few comments regarding today’s announcement. Steve will then provide a summary of some of the key financial and operating impacts of

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