HOUSTON, May 4 /PRNewswire-FirstCall/ -- ATWOOD
OCEANICS, INC., (NYSE: ATW) Houston-based International Drilling
Contractor, announced today that the Company earned net income of
$66,755,000 or $1.03 per diluted share, on revenues of
$159,069,000 for the quarter ended
March 31, 2010 compared to net income
of $56,427,000 or $0.88 per diluted share, on revenues of
$140,652,000 for the quarter ended
March 31, 2009. For the six
months ended March 31, 2010, the
Company earned net income of $133,739,000 or $2.06 per diluted share, on revenues of
$323,312,000 compared to net income
of $134,790,000 or $2.10 per diluted share, on revenues of
$306,156,000 for the six months ended
March 31, 2009.
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FOR THE THREE
MONTHS ENDED MARCH 31,
|
|
|
2010
|
|
2009
|
|
|
|
|
|
|
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Revenues
|
$159,069,000
|
|
$140,652,000
|
|
|
Income before Income Taxes
|
77,018,000
|
|
71,533,000
|
|
|
Provision for Income Taxes
|
(10,263,000)
|
|
(15,106,000)
|
|
|
Net Income
|
66,755,000
|
|
56,427,000
|
|
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Earnings per Common Share -
|
|
|
|
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Basic
|
1.04
|
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0.88
|
|
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Diluted
|
1.03
|
|
0.88
|
|
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Weighted Average Shares Outstanding
-
|
|
|
|
|
|
Basic
|
64,396,000
|
|
64,186,000
|
|
|
Diluted
|
65,103,000
|
|
64,235,000
|
|
|
|
|
|
|
|
|
|
|
|
|
FOR THE SIX MONTHS
ENDED MARCH 31,
|
|
|
2010
|
|
2009
|
|
|
|
|
|
|
|
Revenues
|
$323,312,000
|
|
$306,156,000
|
|
|
Income before Income Taxes
|
158,273,000
|
|
163,249,000
|
|
|
Provision for Income Taxes
|
(24,534,000)
|
|
(28,459,000)
|
|
|
Net Income
|
133,739,000
|
|
134,790,000
|
|
|
Earnings per Common Share -
|
|
|
|
|
|
Basic
|
2.08
|
|
2.10
|
|
|
Diluted
|
2.06
|
|
2.10
|
|
|
Weighted Average Shares Outstanding
-
|
|
|
|
|
|
Basic
|
64,349,000
|
|
64,134,000
|
|
|
Diluted
|
65,063,000
|
|
64,284,000
|
|
|
|
|
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SOURCE Atwood Oceanics, Inc.