Atwood Oceanics Announces Third Quarter Earnings for FY 2008
August 07 2008 - 6:15PM
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 $60,381,000
or $0.93 per diluted share, on revenues of $141,372,000 for the
quarter ended June 30, 2008 compared to net income of $32,033,000
or $0.50 per diluted share, on revenues of $98,371,000 for the
quarter ended June 30, 2007. For the nine months ended June 30,
2008, the Company earned net income of $140,685,000 or $2.18 per
diluted share, on revenues of $365,950,000 compared to net income
of $84,875,000 or $1.34 per diluted share, on revenues of
$281,433,000 for the nine months ended June 30, 2007. FOR THE THREE
MONTHS ENDED JUNE 30, 2008 2007 Revenues $141,372,000 $98,371,000
Income before Income Taxes 68,066,000 36,569,000 Provision for
Income Taxes (7,685,000) (4,536,000) Net Income 60,381,000
32,033,000 Earnings per Common Share - Basic 0.94 0.51 Diluted 0.93
0.50 Weighted Average Shares Outstanding - Basic 64,023,000
62,982,000 Diluted 64,776,000 63,928,000 FOR THE NINE MONTHS ENDED
JUNE 30, 2008 2007 Revenues $365,950,000 $281,433,000 Income before
Income Taxes 157,531,000 98,650,000 Provision for Income Taxes
(16,846,000) (13,775,000) Net Income 140,685,000 84,875,000
Earnings per Common Share - Basic 2.21 1.36 Diluted 2.18 1.34
Weighted Average Shares Outstanding - Basic 63,665,000 62,466,000
Diluted 64,509,000 63,436,000 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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