Atwood Oceanics Announces First Quarter Earnings for Fiscal Year 2008
February 07 2008 - 4:15PM
PR Newswire (US)
HOUSTON, Feb. 7 /PRNewswire-FirstCall/ -- EARNINGS -- Atwood
Oceanics, Inc., (NYSE:ATW) Houston-based International Drilling
Contractor, announced today that the Company earned net income of
$38,549,000 or $1.20 per diluted share, on revenues of $111,048,000
for the quarter ended December 31, 2007, compared to net income of
$21,085,000 or $0.67 per diluted share, on revenues of $88,800,000
for the quarter ended December 31, 2006. FOR THE THREE MONTHS ENDED
DECEMBER 31, 2007 2006 Revenues $111,048,000 $88,800,000 Income
before Income Taxes 43,111,000 24,463,000 Provision for Income
Taxes (4,562,000) (3,378,000) Net Income 38,549,000 21,085,000
Earnings per Common Share - Basic 1.22 0.68 Diluted 1.20 0.67
Weighted Average Shares Outstanding - Basic 31,685,000 31,060,000
Diluted 32,162,000 31,614,000 DATASOURCE: Atwood Oceanics, Inc.
CONTACT: Jim Holland, +1-281-749-7804, for Atwood Oceanics, Inc.
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