-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GdyMydi65zDGWVUc9uRg8qNhW9ykP+XdCXk9BqqKUe9qZrVT6tlO0Q1JuUmCOSu0 Ihf0WVh+k7IDE9xldEPVRg== 0001193125-09-083032.txt : 20090421 0001193125-09-083032.hdr.sgml : 20090421 20090421074818 ACCESSION NUMBER: 0001193125-09-083032 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090420 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090421 DATE AS OF CHANGE: 20090421 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LUBRIZOL CORP CENTRAL INDEX KEY: 0000060751 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] IRS NUMBER: 340367600 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05263 FILM NUMBER: 09760512 BUSINESS ADDRESS: STREET 1: 29400 LAKELAND BLVD CITY: WICKLIFFE STATE: OH ZIP: 44092 BUSINESS PHONE: 2169434200 MAIL ADDRESS: STREET 1: 29400 LAKELAND BLVD CITY: WICKLIFFE STATE: OH ZIP: 44092 8-K 1 d8k.htm CURRENT REPORT Current Report

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) April 20, 2009

 

 

THE LUBRIZOL CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Ohio   1-5263   34-0367600

(State or other jurisdiction

of incorporation)

  (Commission File Number)  

(IRS Employer

Identification No.)

   

 

29400 Lakeland Boulevard, Wickliffe, Ohio   44092-2298
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (440) 943-4200

Not Applicable

(Former name or former address, if changed since last report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 2.02 Results of Operations and Financial Condition

On April 20, 2009, The Lubrizol Corporation issued a press release announcing the Company’s projected results for the quarter ended March 31, 2009. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information contained in this Current Report on Form 8-K, including the Exhibit attached hereto, is being furnished and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Furthermore, the information contained in this Form 8-K shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, unless such subsequent filing specifically references this Form 8-K.

Earnings per share as adjusted (Non-GAAP) is a measure of income that differs from earnings per share measured in accordance with generally accepted accounting principles (GAAP). Earnings per share as adjusted (Non-GAAP) is net income attributable to The Lubrizol Corporation on a per share basis per our consolidated results, adjusted for exclusion of restructuring and impairment charges. Management believes that both earnings per share and earnings per share as adjusted for exclusion of these special charges assist the investor in understanding the results of operations of The Lubrizol Corporation. In addition, management and the Board of Directors of The Lubrizol Corporation evaluate results using earnings per share and earnings per share as adjusted.

 

Item 9.01 Financial Statements and Exhibits

 

  (d) Exhibits. The following exhibit is furnished herewith:

 

  99.1 The Lubrizol Corporation press release dated April 20, 2009 (furnished pursuant to Item 2.02 of Form 8-K).


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  THE LUBRIZOL CORPORATION
 
Date: April 21, 2009    
  By:  

/s/ Leslie M. Reynolds

  Name:   Leslie M. Reynolds
  Title:   Corporate Secretary and Counsel

 

3

EX-99.1 2 dex991.htm THE LUBRIZOL CORPORATION PRESS RELEASE DATED APRIL 20, 2009 The Lubrizol Corporation press release dated April 20, 2009

Exhibit 99.1

LOGO

The Lubrizol Corporation

29400 Lakeland Boulevard, Wickliffe, Ohio 44092-2298

News Release

 

FOR RELEASE:    Immediately   
FROM:    Financial/Investor Contact    Media Contact
   Mark Sutherland    Julie S. Young
   440/347-1206    440/347-4432
   Web Site: www.lubrizol.com   

Lubrizol Announces Preliminary First Quarter 2009

Results Down Slightly From Prior Year

CLEVELAND, OH, April 20, 2009 – The Lubrizol Corporation (NYSE: LZ) announces that it expects to report earnings performance for the first quarter of 2009 of approximately $.95 per diluted share, including a restructuring charge of approximately $.11 per diluted share. In the first quarter of 2008, the company reported earnings of $1.06 per diluted share, including a restructuring and impairment charge of $.04 per diluted share.

Excluding the restructuring and impairment charges from both years, adjusted earnings for the first quarter of 2009 are expected to be $1.06 per diluted share compared with adjusted earnings of $1.10 per diluted share in the first quarter of 2008. This stable earnings performance compared with the prior-year first quarter primarily was the result of disciplined margin management initiatives and aggressive cost reduction actions that partially offset lower shipment volumes. Operating income in both of Lubrizol’s business segments improved sequentially compared with the fourth quarter of 2008.

Lubrizol will release complete first quarter 2009 earnings on Thursday, April 30, 2009 at approximately 8:00 a.m. Eastern time. The company will conduct its earnings teleconference with analysts and investors at 11:00 a.m. Eastern time the same morning.

About The Lubrizol Corporation

The Lubrizol Corporation (NYSE: LZ) is an innovative specialty chemical company that produces and supplies technologies that improve the quality and performance of our customers’ products in the global transportation, industrial and consumer markets. These technologies include lubricant additives for engine oils, other transportation-related fluids and industrial lubricants, as well as fuel additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for personal care products and pharmaceuticals; specialty materials, including plastics technology and performance coatings in the form of specialty resins and additives. Lubrizol’s industry-leading technologies in additives, ingredients and compounds

 

-more-


LOGO

 

enhance the quality, performance and value of customers’ products, while reducing their environmental impact.

With headquarters in Wickliffe, Ohio, The Lubrizol Corporation owns and operates manufacturing facilities in 19 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 6,800 employees worldwide. Revenues for 2008 were $5.0 billion. For more information, visit www.lubrizol.com.

This release contains forward-looking statements within the meaning of the federal securities laws. As a general matter, forward-looking statements relate to anticipated trends and expectations rather than historical matters. Forward-looking statements are subject to uncertainties and factors relating to the company’s operations and business environment that are difficult to predict and may be beyond the control of the company. Such uncertainties and factors may cause actual results to differ materially from those expressed or implied by forward-looking statements. Uncertainties and risk factors that could affect the future performance of the company and cause results to differ from the forward-looking statements in this release include, but are not limited to, the company’s ability to raise prices in an environment of increasing raw material costs; conditions affecting the company’s customers, suppliers and the industries that it serves; competitors’ responses to the company’s products; the increased leverage resulting from the financing of the Noveon International, Inc. acquisition; changes in accounting, tax or regulatory practices or requirements; and other factors that are set forth in the company’s most recently filed reports with the Securities and Exchange Commission. The forward-looking statements contained herein represent the company’s judgment as of the date of this release and it cautions readers not to place undue reliance on such statements. The company assumes no obligations to update the statements contained in this release.

###

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