ATW Atwood Oceanics, Inc. (delisted)

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/

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