Lubrizol Announces Preliminary First Quarter 2009 Results Down Slightly From Prior...

Lubrizol Announces Preliminary First Quarter 2009 Results Down Slightly From
Prior Year

CLEVELAND, April 20 /PRNewswire-FirstCall/ -- 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.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080819/LUBRIZOLCORPLOGO )

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 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.

SOURCE The Lubrizol Corporation

Financial-Investor Contact, Mark Sutherland, +1-440-347-1206, or Media
Contact, Julie S. Young, +1-440-347-4432, both of The Lubrizol Corporation