Cash and investments stood at $2.3 billion with total debt of $4.7 billion; net cash from operations was $135 million while capital expenditures were $267 million in the quarter.
FIFO accounting method caused an unfavorable pretax impact of $13 million in PEM compared to LIFO.
HIP segment delivered strong EBITDA of $275 million on sales of $1.1 billion, representing a 24% EBITDA margin, driven by seasonal volume increases and demand in municipal water applications.
Net income improved by $28 million sequentially but decreased by $325 million year-over-year due to higher feedstock and energy costs and lower average sales prices.
PEM segment EBITDA was $52 million, down from prior quarters due to planned and unplanned outages and global oversupply pressures, with sales of $1.8 billion.
Westlake reported second quarter 2025 EBITDA of $340 million on net sales of $3 billion, with a net loss of $12 million or $0.09 per share.
Capital expenditures totaled $68 million in the quarter, with $19 million returned to shareholders via dividends.
LPX reported Q2 2025 sales of $755 million and EBITDA of $142 million, with adjusted EPS of $0.99.
Operating cash flow was $162 million, supported by $142 million EBITDA and seasonal working capital reductions.
Operating efficiencies improved with Siding OEE at 78% and OSB OEE at 79%.
OSB segment faced multi-year low commodity prices, resulting in $19 million EBITDA, outperforming algorithmic guidance due to cost control and price realization lag.
Siding segment revenue grew 11% year-over-year, driven by 2% price and 8% volume increases, achieving record volume, revenue, and EBITDA.
Dafinchi