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.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.