HOUSTON, Feb. 6 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc. , Houston-based International Drilling Contractor, announced today that the Company earned net income of $21,085,000 or $.67 per diluted share, on revenues of $88,800,000 for the quarter ended December 31, 2006, compared to net income of $14,523,000 or $.47 per diluted share, on revenues of $55,414,000 for the quarter ended December 31, 2005.
FOR THE THREE MONTHS ENDED
DECEMBER 31,
2006 2005
Revenues $ 88,800,000 $ 55,414,000
Income before Income Taxes 24,463,000 17,027,000
Provision for Income Taxes (3,378,000) (2,504,000)
Net Income 21,085,000 14,523,000
Earnings per Common Share -
Basic 0.68 0.47
Diluted 0.67 0.47
Weighted Average Shares
Outstanding -
Basic 31,060,000 30,738,000
Diluted 31,614,000 31,208,000
