HOUSTON, April 27 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc. , Houston-based International Drilling Contractor, announced today that the Company earned net income of $15,629,000 or $.50 per diluted share, on revenues of $67,529,000 for the quarter ended March 31, 2006, compared to net income of $4,711,000 or $.15 per diluted share, on revenues of $41,017,000 for the quarter ended March 31, 2005. For the six months ended March 31, 2006, the Company earned net income of $30,152,000 or $.96 per diluted share, on revenues of $122,943,000 compared to net income of $13,361,000 or $.43 per diluted share, on revenues of $86,443,000 for the six months ended March 31, 2005.
FOR THE THREE MONTHS ENDED MARCH 31,
2006 2005
Revenues $67,529,000 $41,017,000
Income before Income Taxes 18,318,000 6,100,000
Provision for Income Taxes (2,689,000) (1,389,000)
Net Income 15,629,000 4,711,000
Earnings per Common Share -
Basic 0.51 0.15
Diluted 0.50 0.15
Weighted Average Shares Outstanding -
Basic 30,926,000 30,426,000
Diluted 31,446,000 31,284,000
FOR THE SIX MONTHS ENDED MARCH 31,
2006 2005
Revenues $122,943,000 $86,443,000
Income before Income Taxes 35,345,000 14,243,000
Provision for Income Taxes (5,193,000) (882,000)
Net Income 30,152,000 13,361,000
Earnings per Common Share -
Basic 0.98 0.44
Diluted 0.96 0.43
Weighted Average Shares Outstanding -
Basic 30,832,000 30,292,000
Diluted 31,327,000 31,164,000
