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TheStreet Open House

Westlake Chemical's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Stocks in this article: WLK

Today, management is going to discuss certain topics that will contain forward-looking information that is based on management's beliefs as well as assumptions made by and information currently available to management. These forward-looking statements suggest predictions or expectations and thus are subject to risks and uncertainties. Actual results could differ materially based upon factors including: the cyclical nature of the chemical industry; availability, cost and volatility of raw materials energy and utilities; governmental regulatory actions and political unrest; global economic conditions; industry operating rates; the supply-demand balance for Westlake's products; competitive products and pricing pressures; access to capital markets; technological developments; and other risk factors.

As you are probably aware, earlier this year, we publicly announced a proposal to acquire all of the outstanding shares of Georgia Gulf Corporation. We continue to believe that combining the 2 companies would be beneficial to Westlake. While we are still evaluating this acquisition opportunity, during our prepared remarks, we will not comment further on our proposal and we will not be able to respond to any caller's questions regarding Georgia Gulf. Westlake issued earlier this morning a press release with details of our quarterly financial and operating results. This document is available in the Press Release section of our webpage at westlake.com. A replay of today's call will be available beginning 2 hours after completion of this call, until 11:59 p.m. Eastern time on May 8, 2012.

The replay may be accessed by dialing the following numbers: domestic callers should dial 1 (888) 286-8010; international callers may access the replay at (617) 801-6888. The access code for both numbers is 12583170.

Please note that information reported on this call speaks only as of today, May 1, 2012, and therefore, you are advised that time-sensitive information may no longer be accurate as of the time of any replay.

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