ATW Atwood Oceanics, Inc. (delisted)

Atwood Oceanics Announces Second Quarter Earnings HOUSTON, April 28 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc. (NYSE:ATW), Houston-based international drilling contractor, announced today that the Company earned net income of $4,711,000 or $.30 per diluted share, on revenues of $41,017,000 for the quarter ended March 31, 2005, compared to net income of $462,000 or $.03 per diluted share on revenues of $36,810,000 for the quarter ended March 31, 2004. For the six months ended March 31, 2005, the Company earned a net income of $13,361,000 or $.86 per diluted share, on revenues of $86,443,000 compared to a net loss of $(1,442,000) or $(.10) per diluted share, on revenues of $72,135,000 for the six months ended March 31, 2004. FOR THE THREE MONTHS ENDED MARCH 31, 2005 2004 Contract Revenues $41,017,000 $36,810,000 Income before Income Taxes 6,100,000 2,235,000 Provision for Income Taxes (1,389,000) (1,773,000) Net Income 4,711,000 462,000 Earnings per Common Share - Basic .31 .03 Diluted .30 .03 Weighted Average Shares Outstanding - Basic 15,213,000 13,855,000 Diluted 15,642,000 14,019,000 FOR THE SIX MONTHS ENDED MARCH 31, 2005 2004 Contract Revenues $86,443,000 $72,135,000 Income before Income Taxes 14,243,000 2,171,000 Provision for Income Taxes (882,000) (3,613,000) Net Income (Loss) 13,361,000 (1,442,000) Earnings (Loss) per Common Share - Basic .88 (.10) Diluted .86 (.10) Weighted Average Shares Outstanding - Basic 15,146,000 13,855,000 Diluted 15,532,000 13,855,000 DATASOURCE: Atwood Oceanics, Inc. CONTACT: Jim Holland of Atwood Oceanics, Inc., +1-281-749-7804 Web site: http://www.atwd.com/

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