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

THE LUBRIZOL CORPORATION

(Exact name of registrant as specified in its charter)

Ohio		1-5263		34-0367600
(State or other jurisdiction		(Commission		(IRS Employer
of incorporation)		File Number)		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

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:

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o		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
		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.
		A copy of the news release of The Lubrizol Corporation dated April 27, 2007 announcing the Company’s results for the quarter ended March 31, 2007 is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
		Earnings as adjusted (Non-GAAP) is a measure of income that differs from earnings from continuing operations measured in accordance with generally accepted accounting principles (GAAP). Earnings as adjusted (Non-GAAP) is income from continuing operations per our consolidated results, adjusted for exclusion of restructuring and impairment (credits) charges. Management believes that both earnings from continuing operations and earnings as adjusted for exclusion of these special credits and 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 the earnings from continuing operations and earnings as adjusted.
Item 8.01		Other Events
		The Board of Directors of The Lubrizol Corporation has authorized a new share repurchase program that, combined with its existing repurchase program, permits The Lubrizol Corporation to repurchase up to $300 million of its common shares, effective immediately. The repurchases will be done at the discretion of management and will be funded using available cash.
Item 9.01		Financial Statements and Exhibits

(c)

Exhibits. The following exhibit is furnished herewith:

99.1

The Lubrizol Corporation press release dated April 27, 2007 announcing The Lubrizol Corporation’s financial results for the quarter ended March 31, 2007 (furnished pursuant to Item 2.02 of Form 8-K) and the share repurchase program (furnished pursuant to Item 9.01 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 27, 2007
		By:		/s/ Leslie M. Reynolds
		Name: Leslie M. Reynolds
		Title: Corporate Secretary and Counsel