in this issue
World News and Views :: Top of the News
Lubrizol Earnings Jump on Improved Volumes, Selling Prices
8:16 AM MDT | July 29, 2010 | Kerri Walsh
Lubrizol reported second-quarter net income up 46%, to $201.7 million ($2.88/share), excluding restructuring charges totaling $300,000 in the advanced materials unit. Earnings soared 53% including special items. The consensus of analysts' estimates as reported by Thomson Reuters was for $2.38/share. A 19% jump in volumes and improved selling prices drove stronger sales and earnings results, Lubrizol says. “In a continuation of first quarter trends, all product lines and geographic markets experienced strong year-over-year and sequential volume...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee