Specialty chemicals company the Lubrizol Corporation has reported earnings of $48.6 million for the third quarter ended September 30, 2005 compared with $32.2 million in the same period in 2004. Consolidated revenues for the quarter were $1,014.1 million, an increased of 11% over third-quarter 2004 revenues.

For the first nine months of 2005, consolidated revenues were $3.04 billion compared with $2.21 billion for the first nine months of 2004. Consolidated earnings for the first nine months of 2005 were $157.2 million Earnings for the first nine months of 2004 were $73.6 million

The company’s Performance Coatings product line reported revenues of $146.3 million in the quarter, an increase of 6% from the third quarter of 2004. The company stated that higher selling prices more than offset weak demand for printing varnishes and for North American and European textile coatings markets that are continuing to relocate to Asia.

The Specialty Materials product line reported third-quarter revenues of $113.3 million, which increased 9% from the third quarter of 2004 driven primarily by higher selling prices. Demand for Estane thermoplastic polyurethane increased in the quarter, as new applications for athletic footwear, explosion-proof security glass, paint-protection films and medical applications offset the non-recurrence of last year's large shipments for military applications, including fuel and water tank linings.