May 09, 2023 / 12:40PM GMT
Patrick Duffy Fischer - Goldman Sachs Group, Inc., Research Division - Research Analyst
Welcome, everybody, this morning. Very happy to be up here. Those who don't know me, I'm Duffy Fischer, the U.S. chemicals analyst here at Goldman Sachs. Today, on our fireside chat, we welcome Westlake Chemicals up. Westlake a fantastic American story in my view. We've got Steve Bender, who is the CFO for the company, I think a little over 15 years. Is that right? Probably just did your 15 years in the last year or so -- so founded by the Chao family, Albert Chao, as CEO, just great -- kind of started from nothing built it into a $16 billion revenue company. I think was revenue last year. EBITDA, a little over $4 billion last year. Just to kind of level set this year expectations are for about a quarter, that EBITDA to go away, I think consensus is down around $3 billion. We'll talk about that a little bit.
Key businesses for Westlake are chlor-alkali, ethylene into polyethylene and epoxy business and then something that's somewhat new, at least the way they break it out is the Building Products group. The
Westlake Corp at Goldman Sachs Industrials & Materials Conference Transcript
May 09, 2023
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