The Lubrizol Corporation announced that consolidated earnings for the first quarter ended March 31, 2008 were $73.6 million, or $1.06 per diluted share, including after-tax restructuring and impairment charges of $2.9 million, or $.04 per diluted share, primarily related to the disposition of a North American coatings facility. Comparable earnings for the first quarter of 2007 were $71.3 million.
“I am pleased with our overall first quarter performance," said James Hambrick, CEO, Lubrizol. "We finished 2007 with strong momentum, and we are seeing this trend continue in 2008. Our first quarter results reflect our balanced portfolio of businesses and the geographic diversity of our customer base as international market growth continued to outpace North American demand.”
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