Lubrizol Corp (LZ) reported fourth quarter net income attributable to Lubrizol of $134.2 million or $1.92 per share, compared to net loss of $281.0 million or $4.16 per share last year.
Excluding the special charges in both periods, adjusted earnings were $136 million, or $1.95 per share, compared with $50 million, or $.74 per share, for the fourth quarter of 2008.
On average, 7 analysts polled by Thomson Reuters expected the company to report earnings of $1.77 per share. Analysts' estimates typically exclude special items.
Revenues grew to $1.19 billion from $1.09 billion in the same quarter a year earlier.
Three analysts estimated revenues of $1.16 billion.
The company issued full-year 2010 earnings guidance in the range of $7.63 to $8.23 per share, including restructuring charges of $.07 per share related to the closing of a Canadian additives blending facility and facility closures announced in the third quarter of 2009. In 2009, the company reported earnings of $7.26 per share, including restructuring and impairment charges of $.29 per share. Excluding the special charges in both years, the company projects adjusted earnings in the range of $7.70 to $8.30 per share compared with 2009 adjusted earnings of $7.55 per share, an increase of 2 percent to 10 percent.
Analysts expect the company to earn $7.31 per share.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.