Lubrizol Corp. reported Thursday that third quarter operating income for its Lubricant Additives segment rose 4 percent from the same period of 2004, as price increases allowed the business to offset impacts from Hurricane Rita.
The lube additives segment posted operating income of $68.6 million for the three months ended Sept. 30, up from $66 million in the year-ago period. Revenues climbed 13 percent to $574.1 million, primarily because of price hikes and more favorable sales mix. Shipment volumes were up 1 percent.
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