Westlake Chemical Q1 Profit Rises - Quick Facts

(RTTNews) - Westlake Chemical Corp. (WLK) reported net income for the fist-quarter of $158.0 million, or $1.18 per share, compared to $123.3 million, or $0.92 per share, previous year.

On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $1.13 for the qurter. Analysts' estimates typically exclude special items.

Net sales were $1.03 billion, compared to $864.6 million, previous year. The company said the sales growth is attributable to higher sales volumes for polyethylene and ethylene, higher sales prices for most of the major products and sales contributed by specialty PVC pipe business, which was acquired in May 2013. Analysts expected revenue of $975.86 million for the quarter.