ATW Atwood Oceanics, Inc. (delisted)

HOUSTON, May 8 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc., (NYSE:ATW) (Houston-based International Drilling Contractor), announced today that the Company earned net income of $31,757,000 or $1.01 per diluted share, on revenues of $94,262,000 for the quarter ended March 31, 2007, compared to net income of $15,629,000 or $.50 per diluted share, on revenues of $67,529,000 for the quarter ended March 31, 2006. For the six months ended March 31, 2007, the Company earned net income of $52,842,000 or $1.67 per diluted share, on revenues of $183,062,000 compared to net income of $30,152,000 or $.96 per diluted share, on revenues of $122,943,000 for the six months ended March 31, 2006. FOR THE THREE MONTHS ENDED MARCH 31, 2007 2006 Revenues $94,262,000 $67,529,000 Income before Income Taxes 37,618,000 18,318,000 Provision for Income Taxes (5,861,000) (2,689,000) Net Income 31,757,000 15,629,000 Earnings per Common Share - Basic 1.02 0.51 Diluted 1.01 0.50 Weighted Average Shares Outstanding - Basic 31,148,000 30,926,000 Diluted 31,577,000 31,446,000 FOR THE SIX MONTHS ENDED MARCH 31, 2007 2006 Revenues $183,062,000 $122,943,000 Income before Income Taxes 62,081,000 35,345,000 Provision for Income Taxes (9,239,000) (5,193,000) Net Income 52,842,000 30,152,000 Earnings per Common Share - Basic 1.70 0.98 Diluted 1.67 0.96 Weighted Average Shares Outstanding - Basic 31,104,000 30,832,000 Diluted 31,595,000 31,327,000 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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