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Lubrizol Increases Full-Year Earnings Estimates

2:11 PM MDT | September 15, 2009 | Nancy Seewald

Lubrizol says it has raised its full-year earnings guidance to $5.87-$6.17/share, including restructuring and impairment charges of 23 cts/share. compared with earlier guidance of $5.47-$5.77.share. The company cites improving volume trends in the third quarter, ongoing margin management, and cost-reduction initiatives. Lubrizol initiated a restructuring in first quarter 2008, and has since exited or consolidated production of certain acrylic emulsions products, and closed its Niagara Falls, ON additives blending facility. The company has also made investments...

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