ATW Atwood Oceanics, Inc. (delisted)

Atwood Oceanics Announces Second Quarter Earnings HOUSTON, April 28 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc. , Houston-based International Drilling Contractor, announced today that the Company earned net income of $462,000 or $.03 per diluted share, on contract revenues of $36,810,000 for the quarter ended March 31, 2004, compared to net income of $587,000 or $.04 per diluted share on contract revenues of $35,073,000 for the quarter ended March 31, 2003. For the six months ended March 31, 2004, the Company incurred a net loss of ($1,442,000) or $(.10) per diluted share, on contract revenues of $72,135,000 compared to net income of $1,537,000 or $.11 per diluted share, on contract revenues of $64,914,000 for the six months ended March 31, 2003. FOR THE THREE MONTHS ENDED MARCH 31, 2004 2003 Contract Revenues $36,810,000 $35,073,000 Income before Income Taxes 2,235,000 1,428,000 Provision for Income Taxes (1,773,000) (841,000) Net Income 462,000 587,000 Earnings per Common Share - Basic .03 .04 Diluted .03 .04 Weighted Average Shares Outstanding - Basic 13,855,000 13,845,000 Diluted 14,019,000 13,900,000 FOR THE SIX MONTHS ENDED MARCH 31, 2004 2003 Contract Revenues $72,135,000 $64,914,000 Income before Income Taxes 2,171,000 3,802,000 Provision for Income Taxes (3,613,000) (2,265,000) Net Income (1,442,000) 1,537,000 Earnings per Common Share - Basic (.10) .11 Diluted (.10) .11 Weighted Average Shares Outstanding - Basic 13,855,000 13,846,000 Diluted 13,855,000 13,903,000 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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