Westlake Corporation reported its fourth-quarter and full-year 2024 financial results, with net sales of $12.1 billion and EBITDA of $2.3 billion for the year. The company saw continued growth in sales volume, marking its fifth consecutive quarter of year-over-year increases.

The Housing and Infrastructure Products (HIP) segment achieved record annual income from operations of $807 million and EBITDA of $1.1 billion, driven by 7% sales volume growth. Performance and Essential Materials (PEM) sales declined slightly due to lower average prices despite a modest increase in sales volume.

“In 2024, our HIP segment outperformed the broader market, benefiting from strong demand in residential construction, while our PEM segment navigated challenging global industrial conditions,” said Jean-Marc Gilson, Westlake's president and CEO. “Looking ahead, we remain optimistic about the long-term housing market and are focused on cost efficiencies, operational reliability, and new product innovation.”

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