Atwood Oceanics Announces Fourth Quarter Earnings
December 07 2006 - 5:17PM
PR Newswire (US)
HOUSTON, Dec. 7 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc.
(NYSE:ATW), Houston-based International Drilling Contractor,
announced today that the Company earned net income of $23,179,000
or $.74 per diluted share, on revenues of $81,817,000 for the
quarter ended September 30, 2006, compared to net income of
$6,661,000 or $.21 per diluted share, on revenues of $46,124,000
for the quarter ended September 30, 2005. For the year ended
September 30, 2006, the Company earned net income of $86,122,000 or
$2.74 per diluted share, on revenues of $276,625,000 compared to
net income of $26,011,000 or $.83 per diluted share, on revenues of
$176,156,000 for the year ended September 30, 2005. FOR THE THREE
MONTHS ENDED SEPTEMBER 30, 2006 2005 Revenues $81,817,000
$46,124,000 Income before Income Taxes 27,885,000 5,432,000
(Provision) Benefit for Income Taxes (4,706,000) 1,229,000 Net
Income 23,179,000 6,661,000 Earnings per Common Share - Basic 0.75
0.22 Diluted 0.74 0.21 Weighted Average Shares Outstanding - Basic
31,044,000 30,584,000 Diluted 31,534,000 31,452,000 FOR THE TWELVE
MONTHS ENDED SEPTEMBER 30, 2006 2005 Revenues $276,625,000
$176,156,000 Income before Income Taxes 91,836,000 25,608,000
(Provision) Benefit for Income Taxes (5,714,000) 403,000 Net Income
86,122,000 26,011,000 Earnings per Common Share - Basic 2.78 0.86
Diluted 2.74 0.83 Weighted Average Shares Outstanding - Basic
30,936,000 30,412,000 Diluted 31,442,000 31,220,000 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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