HOUSTON, May 6 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc., Houston-based International Drilling Contractor, announced today that the Company earned net income of $56,427,000 or $0.88 per diluted share, on revenues of $140,652,000 for the quarter ended March 31, 2009 compared to net income of $41,755,000 or $0.65 per diluted share, on revenues of $113,530,000 for the quarter ended March 31, 2008. For the six months ended March 31, 2009, the Company earned net income of $134,790,000 or $2.10 per diluted share, on revenues of $306,156,000 compared to net income of $80,304,000 or $1.25 per diluted share, on revenues of $224,578,000 for the six months ended March 31, 2008.
FOR THE THREE MONTHS ENDED MARCH 31, 2009 2008 ---- ---- Revenues $140,652,000 $113,530,000 Income before Income Taxes 71,533,000 46,354,000 Provision for Income Taxes (15,106,000) (4,599,000) Net Income 56,427,000 41,755,000 Earnings per Common Share - Basic 0.88 0.66 Diluted 0.88 0.65 Weighted Average Shares Outstanding - Basic 64,186,000 63,602,000 Diluted 64,235,000 64,428,000 FOR THE SIX MONTHS ENDED MARCH 31, 2009 2008 ---- ---- Revenues $306,156,000 $224,578,000 Income before Income Taxes 163,249,000 89,465,000 Provision for Income Taxes (28,459,000) (9,161,000) Net Income 134,790,000 80,304,000 Earnings per Common Share - Basic 2.10 1.26 Diluted 2.10 1.25 Weighted Average Shares Outstanding - Basic 64,134,000 63,486,000 Diluted 64,284,000 64,376,000
Atwood Oceanics, Inc.
CONTACT: Jim Holland of Atwood Oceanics, Inc., +1-281-749-7804
Web Site: http://www.atwd.com/
