Atwood Oceanics Announces Third Quarter Earnings for FY 2007
August 07 2007 - 6:20PM
PR Newswire (US)
HOUSTON, Aug. 7 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc.,
(NYSE:ATW) Houston-based International Drilling Contractor,
announced today that the Company earned net income of $32,033,000
or $1.00 per diluted share, on revenues of $98,371,000 for the
quarter ended June 30, 2007, compared to net income of $32,791,000
or $1.04 per diluted share, on revenues of $71,865,000 for the
quarter ended June 30, 2006. For the nine months ended June 30,
2007, the Company earned net income of $84,875,000 or $2.68 per
diluted share, on revenues of $281,433,000 compared to net income
of $62,943,000 or $2.00 per diluted share, on revenues of
$194,808,000 for the nine months ended June 30, 2006. Earning
results for the three months and nine months ended June 30, 2006
included the recognition of $6.4 million of tax benefits which
increased diluted earnings per share by $0.20 for both periods. FOR
THE THREE MONTHS ENDED JUNE 30, 2007 2006 Revenues $98,371,000
$71,865,000 Income before Income Taxes 36,569,000 28,606,000
(Provision) benefit for Income Taxes (4,536,000) 4,185,000 Net
Income 32,033,000 32,791,000 Earnings per Common Share - Basic 1.02
1.06 Diluted 1.00 1.04 Weighted Average Shares Outstanding - Basic
31,491,000 31,037,000 Diluted 31,964,000 31,580,000 FOR THE NINE
MONTHS ENDED JUNE 30, 2007 2006 Revenues $281,433,000 $194,808,000
Income before Income Taxes 98,650,000 63,951,000 Provision for
Income Taxes (13,775,000) (1,008,000) Net Income 84,875,000
62,943,000 Earnings per Common Share - Basic 2.72 2.04 Diluted 2.68
2.00 Weighted Average Shares Outstanding - Basic 31,233,000
30,900,000 Diluted 31,718,000 31,411,000 DATASOURCE: Atwood
Oceanics, Inc. CONTACT: Jim Holland, +1-281-749-7804, for Atwood
Oceanics, Inc. Web site: http://www.atwd.com/
Copyright
Atwood Oceanics (NYSE:ATW)
Historical Stock Chart
From May 2024 to Jun 2024
Atwood Oceanics (NYSE:ATW)
Historical Stock Chart
From Jun 2023 to Jun 2024