Adam Hamilton's questions to Westlake Corp (WLK) leadership • Q2 2025
Question
Adam Hamilton, on behalf of Arun Viswanathan at RBC Capital Markets, asked about future major turnarounds for the rest of 2025 and requested a breakdown of the $110 million Q2 outage impact between planned and unplanned events. He also sought clarification on the new $200 million cost improvement plan, specifically if it includes the savings from the Pernis closure.
Answer
EVP & CFO Steven Bender stated that the majority of the $110 million impact was from planned turnarounds and that major turnaround activity for 2025 is now largely complete. He clarified that the new $200 million cost reduction target is a separate initiative across the entire PEM footprint and is on top of actions already taken, such as the Pernis closure.