HOUSTON, Nov. 24 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc., Houston-based International Drilling Contractor, announced today that the Company earned net income of $74,753,000 or $1.16 per diluted share, on revenues of $160,654,000 for the quarter ended September 30, 2008 compared to net income of $54,149,000 or $0.84 per diluted share, on revenues of $121,604,000 for the quarter ended September 30, 2007. For the twelve months ended September 30, 2008, the Company earned net income of $215,438,000 or $3.34 per diluted share, on revenues of $526,604,000 compared to net income of $139,024,000 or $2.18 per diluted share, on revenues of $403,037,000 for the twelve months ended September 30, 2007.
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2008 2007 Revenues $160,654,000 $121,604,000 Income before Income Taxes 87,244,000 61,309,000 Provision for Income Taxes (12,491,000) (7,160,000) Net Income 74,753,000 54,149,000 Earnings per Common Share - Basic 1.17 0.85 Diluted 1.16 0.84 Weighted Average Shares Outstanding - Basic 64,031,000 63,346,000 Diluted 64,697,000 64,198,000 FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 2008 2007 Revenues $526,604,000 $403,037,000 Income before Income Taxes 244,775,000 159,959,000 Provision for Income Taxes (29,337,000) (20,935,000) Net Income 215,438,000 139,024,000 Earnings per Common Share - Basic 3.38 2.22 Diluted 3.34 2.18 Weighted Average Shares Outstanding - Basic 63,756,000 62,686,000 Diluted 64,556,000 63,628,000
