ATW Atwood Oceanics, Inc. (delisted)

HOUSTON, April 27 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc. (NYSE:ATW), Houston-based International Drilling Contractor, announced today that the Company earned net income of $15,629,000 or $.50 per diluted share, on revenues of $67,529,000 for the quarter ended March 31, 2006, compared to net income of $4,711,000 or $.15 per diluted share, on revenues of $41,017,000 for the quarter ended March 31, 2005. For the six months ended March 31, 2006, the Company earned net income of $30,152,000 or $.96 per diluted share, on revenues of $122,943,000 compared to net income of $13,361,000 or $.43 per diluted share, on revenues of $86,443,000 for the six months ended March 31, 2005. FOR THE THREE MONTHS ENDED MARCH 31, 2006 2005 Revenues $67,529,000 $41,017,000 Income before Income Taxes 18,318,000 6,100,000 Provision for Income Taxes (2,689,000) (1,389,000) Net Income 15,629,000 4,711,000 Earnings per Common Share - Basic 0.51 0.15 Diluted 0.50 0.15 Weighted Average Shares Outstanding - Basic 30,926,000 30,426,000 Diluted 31,446,000 31,284,000 FOR THE SIX MONTHS ENDED MARCH 31, 2006 2005 Revenues $122,943,000 $86,443,000 Income before Income Taxes 35,345,000 14,243,000 Provision for Income Taxes (5,193,000) (882,000) Net Income 30,152,000 13,361,000 Earnings per Common Share - Basic 0.98 0.44 Diluted 0.96 0.43 Weighted Average Shares Outstanding - Basic 30,832,000 30,292,000 Diluted 31,327,000 31,164,000 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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