HOUSTON, Aug. 3, 2011 /PRNewswire/ -- ATWOOD OCEANICS,
INC., a Houston-based
international drilling contractor (NYSE: ATW), announced today that
the Company earned net income of $75,285,000 or $1.15 per diluted share, on revenues of
$162,147,000 for the quarter ended
June 30, 2011 compared to net income
of $70,611,000 or $1.08 per diluted share on revenues of
$159,085,000 for the quarter ended
March 31, 2011 and compared to net
income of $58,994,000 or $0.91 per diluted share, on revenues of
$166,637,000 for the quarter ended
June 30, 2010. For the nine
months ended June 30, 2011, the
Company earned net income of $198,747,000 or $3.04 per diluted share, on revenues of
$467,518,000 compared to net income
of $192,733,000 or $2.96 per diluted share, on revenues of
$489,949,000 for the nine months
ended June 30, 2010.
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FOR THE
THREE MONTHS ENDED
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|
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JUNE 30,
2011
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MARCH 31,
2011
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JUNE 30,
2010
|
|
|
|
|
|
|
|
|
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Revenues
|
$162,147,000
|
|
$
159,085,000
|
|
$166,637,000
|
|
|
Income before Income
Taxes
|
87,203,000
|
|
90,485,000
|
|
84,847,000
|
|
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Provision for Income
Taxes
|
(11,918,000)
|
|
(19,874,000)
|
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(25,853,000)
|
|
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Net Income
|
75,285,000
|
|
70,611,000
|
|
58,994,000
|
|
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Earnings per Common Share
-
|
|
|
|
|
|
|
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Basic
|
1.16
|
|
1.09
|
|
0.92
|
|
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Diluted
|
1.15
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1.08
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|
0.91
|
|
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Weighted Average Shares
|
|
|
|
|
|
|
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Outstanding -
|
|
|
|
|
|
|
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Basic
|
64,820,000
|
|
64,720,000
|
|
64,427,000
|
|
|
Diluted
|
65,470,000
|
|
65,409,000
|
|
65,037,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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FOR THE NINE
MONTHS ENDED JUNE 30,
|
|
|
|
|
2011
|
|
2010
|
|
|
|
|
|
|
|
|
|
|
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Revenues
|
$467,518,000
|
|
$
489,949,000
|
|
|
|
|
Income before Income
Taxes
|
240,929,000
|
|
243,120,000
|
|
|
|
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Provision for Income
Taxes
|
(42,182,000)
|
|
(50,387,000)
|
|
|
|
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Net Income
|
198,747,000
|
|
192,733,000
|
|
|
|
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Earnings per Common Share
-
|
|
|
|
|
|
|
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Basic
|
3.07
|
|
2.99
|
|
|
|
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Diluted
|
3.04
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2.96
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|
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Weighted Average Shares
|
|
|
|
|
|
|
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Outstanding -
|
|
|
|
|
|
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Basic
|
64,689,000
|
|
64,375,000
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|
|
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Diluted
|
65,355,000
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|
65,054,000
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|
|
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SOURCE ATWOOD OCEANICS, INC.