| Followers | 24 |
| Posts | 2163 |
| Boards Moderated | 1 |
| Alias Born | 10/29/2006 |
Monday, April 16, 2007 5:36:07 AM
LZ - Lubrizol Corp
Company Overview
Lubrizol Corporation (Lubrizol) is a specialty chemical company that produces and supplies technologies in the global transportation, industrial and consumer markets. The Company's products are used in a range of applications, and are sold into markets, such as those for engine oils, specialty driveline lubricants and metalworking fluids, as well as personal care and over-the-counter pharmaceutical products and performance coatings and inks. Lubrizol's specialty materials products also are used in a variety of industries, including the construction, sporting goods, medical products and automotive industries. It also produces products under brand names, such as Anglamol (gear oil additives), Carbopol (acrylic thickeners for personal care products), Estane (thermoplastic polyurethane) and TempRite (engineered polymers resins and compounds used in plumbing, industrial and fire sprinkler systems). Lubrizol operates in two segments: Lubrizol Additives and Lubrizol Advanced Materials.
Recent news:
AP
Lubrizol Expects Increased 1Q Profit
Friday April 13, 11:33 am ET
Lubrizol Expects Expects 1Q Profit to Beat Wall Street Forecasts on Revenue Growth
CLEVELAND (AP) -- Lubrizol Corp., a specialty chemical company, said Friday it expects first-quarter performance to beat Wall Street expectations on increased revenues that are driven by improved price and product mix.
Lubrizol shares jumped $5.13, or 9.6 percent, to a 52-week high of $58.54 in morning trading on the New York Stock Exchange. By midday the stock had retreated somewhat to $57.60. Shares increased from a 52-week low of $38.03 in July 2006 to reach a previous high of $54.13 in late February.
The company expects first-quarter earnings of 98 cents per share, excluding a restructuring credit of approximately 2 cents per share.
Analysts polled by Thomson Financial expect first-quarter profit of 78 cents per share, which excludes a restructuring credit estimated at 3 cents per share.
In the first quarter of 2006, Lubrizol reported earnings from continuing operations of 68 cents per share, excluding a restructuring charge of 2 cents per share.
The company attributed the earnings growth to higher revenues, driven by improvements in price and product mix. Lubrizol also noted that quarterly shipment volumes were higher than expected.
Lubrizol will release complete first-quarter 2007 earnings on April 27.
Company Overview
Lubrizol Corporation (Lubrizol) is a specialty chemical company that produces and supplies technologies in the global transportation, industrial and consumer markets. The Company's products are used in a range of applications, and are sold into markets, such as those for engine oils, specialty driveline lubricants and metalworking fluids, as well as personal care and over-the-counter pharmaceutical products and performance coatings and inks. Lubrizol's specialty materials products also are used in a variety of industries, including the construction, sporting goods, medical products and automotive industries. It also produces products under brand names, such as Anglamol (gear oil additives), Carbopol (acrylic thickeners for personal care products), Estane (thermoplastic polyurethane) and TempRite (engineered polymers resins and compounds used in plumbing, industrial and fire sprinkler systems). Lubrizol operates in two segments: Lubrizol Additives and Lubrizol Advanced Materials.
Recent news:
AP
Lubrizol Expects Increased 1Q Profit
Friday April 13, 11:33 am ET
Lubrizol Expects Expects 1Q Profit to Beat Wall Street Forecasts on Revenue Growth
CLEVELAND (AP) -- Lubrizol Corp., a specialty chemical company, said Friday it expects first-quarter performance to beat Wall Street expectations on increased revenues that are driven by improved price and product mix.
Lubrizol shares jumped $5.13, or 9.6 percent, to a 52-week high of $58.54 in morning trading on the New York Stock Exchange. By midday the stock had retreated somewhat to $57.60. Shares increased from a 52-week low of $38.03 in July 2006 to reach a previous high of $54.13 in late February.
The company expects first-quarter earnings of 98 cents per share, excluding a restructuring credit of approximately 2 cents per share.
Analysts polled by Thomson Financial expect first-quarter profit of 78 cents per share, which excludes a restructuring credit estimated at 3 cents per share.
In the first quarter of 2006, Lubrizol reported earnings from continuing operations of 68 cents per share, excluding a restructuring charge of 2 cents per share.
The company attributed the earnings growth to higher revenues, driven by improvements in price and product mix. Lubrizol also noted that quarterly shipment volumes were higher than expected.
Lubrizol will release complete first-quarter 2007 earnings on April 27.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
