Atwood Oceanics Announces Fourth Quarter Earnings for FY2008
November 24 2008 - 5:14PM
PR Newswire (US)
HOUSTON, Nov. 24 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc.,
(NYSE:ATW) Houston-based International Drilling Contractor,
announced today that the Company earned net income of $74,753,000
or $1.16 per diluted share, on revenues of $160,654,000 for the
quarter ended September 30, 2008 compared to net income of
$54,149,000 or $0.84 per diluted share, on revenues of $121,604,000
for the quarter ended September 30, 2007. For the twelve months
ended September 30, 2008, the Company earned net income of
$215,438,000 or $3.34 per diluted share, on revenues of
$526,604,000 compared to net income of $139,024,000 or $2.18 per
diluted share, on revenues of $403,037,000 for the twelve months
ended September 30, 2007. FOR THE THREE MONTHS ENDED SEPTEMBER 30,
2008 2007 Revenues $160,654,000 $121,604,000 Income before Income
Taxes 87,244,000 61,309,000 Provision for Income Taxes (12,491,000)
(7,160,000) Net Income 74,753,000 54,149,000 Earnings per Common
Share - Basic 1.17 0.85 Diluted 1.16 0.84 Weighted Average Shares
Outstanding - Basic 64,031,000 63,346,000 Diluted 64,697,000
64,198,000 FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 2008 2007
Revenues $526,604,000 $403,037,000 Income before Income Taxes
244,775,000 159,959,000 Provision for Income Taxes (29,337,000)
(20,935,000) Net Income 215,438,000 139,024,000 Earnings per Common
Share - Basic 3.38 2.22 Diluted 3.34 2.18 Weighted Average Shares
Outstanding - Basic 63,756,000 62,686,000 Diluted 64,556,000
63,628,000 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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