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Article: Lubrizol Updates Full-Year Guidance for 2009.
- Article from:
- PR Newswire
- Article date:
- September 14, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CLEVELAND, Sept. 14 /PRNewswire-FirstCall/ -- The Lubrizol Corporation announces that it is raising its earnings guidance for 2009 to a range of $5.87 to $6.17 per diluted share, including restructuring and impairment charges of $0.23 per diluted share. Excluding these charges, guidance for adjusted earnings is in the range of $6.10 to $6.40. This revised guidance reflects improving volume trends in the current quarter, the company's ongoing margin management and its maintenance of cost reduction initiatives. The company's prior earnings guidance for 2009, last updated on July 30, 2009 was in the range of $5.47 to $5.77, including restructuring and impairment charges, ...