WLK

Westlake Corporation announced the closure of its Cologne, Germany PVC plant as part of measures to improve profitability amid challenging market conditions. The company will release its Q3 2026 earnings on November 4, 2026.

Westlake Royal Building Products, a subsidiary of Westlake Corporation, has completed the acquisition of metal roofing assets from Metal Center, Inc., including three facilities in New Mexico and Texas. The acquisition marks Westlake Royal's entry into the rolled steel roof panel and standing-seam roofing business, expanding its roofing portfolio under the Unified Steel™ brand alongside existing US Tile® and DaVinci® Roofscapes offerings.

Westlake Corporation announced the closure of its 165,000-metric-ton PVC plant in Cologne, Germany, to optimize costs and improve profitability amid weak demand, elevated energy costs, and rising Asian imports. The closure is expected to result in $205 million in pre-tax charges ($100 million cash, $105 million non-cash), with approximately $110 million recognized in 2026 and the remainder in 2027. The company will continue serving customers from lower-cost German PVC sites, including the recently acquired Wilhelmshaven facility.

Sendas Distribuidora shares jumped 20.1% to $12.92 on strong volume, driven by resilient customer traffic, market-share gains, and operational efficiency. The company expects quarterly EPS of $0.27 (+170% YoY) and revenues of $3.81 billion (+9.6% YoY).

However, earnings estimate revisions have remained flat over the past 30 days, which typically precedes a slowdown in price momentum. The stock carries a Zacks Rank #3 (Hold).