ATW Atwood Oceanics, Inc. (delisted)

HOUSTON, Jan. 30 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc. (NYSE:ATW), Houston-based International Drilling Contractor, announced today that the Company earned net income of $14,893,000 or $.94 per diluted share, on revenues of $55,414,000 for the quarter ended December 31, 2005, compared to net income of $8,650,000 or $.56 per diluted share, on revenues of $45,426,000 for the quarter ended December 31, 2004. Earnings for the first quarter of fiscal year 2006 were enhanced by $9.3 million of gains on sales of equipment ($.51 per diluted share). FOR THE THREE MONTHS ENDED DECEMBER 31, 2005 2004 Revenues $55,414,000 $45,426,000 Income before Income Taxes 17,027,000 8,143,000 (Provision) Benefit for Income Taxes (2,134,000) 507,000 Net Income 14,893,000 8,650,000 Earnings per Common Share - Basic 0.97 0.57 Diluted 0.94 0.56 Weighted Average Shares Outstanding - Basic 15,369,000 15,079,000 Diluted 15,779,000 15,422,000 DATASOURCE: Atwood Oceanics, Inc. CONTACT: Jim Holland of Atwood Oceanics, Inc., +1-281-749-7804 Web site: http://www.atwd.com/

Copyright