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US Westlake Chemical’s net income falls 7.4% in Q1

by ChemOrbis Editorial Team - content@chemorbis.com
  • 04/05/2015 (17:17)
US Westlake Chemical’s net income fell around 7.4% in the first quarter of this year, according to a statement on the company’s website. The company’s net income declined to $146.3 million, or $1.10 per share, from $158 million in the same period of 2014. Analysts’ initial estimates called for a net income of $1.20 per share for the three months ending in March in a survey by Thomson Reuters.

However, the company’s net sales increased to $1.104 billion from $1.028 billion in the first quarter of 2014 mostly on the back of higher sales from specialty PVC maker Vinnolit which the company acquired in July, 2014.
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