Atwood Announces Third Quarter Earnings for FY 2004
July 29 2004 - 12:50PM
PR Newswire (US)
Atwood Announces Third Quarter Earnings for FY 2004 HOUSTON, July
29 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc. (NYSE:ATW),
Houston-based International Drilling Contractor, announced today
that the Company earned net income of $5,685,000 or $.40 per
diluted share, on contract revenues of $48,386,000 for the quarter
ended June 30, 2004, compared to a net loss of ($82,000) or ($.01)
per diluted share on contract revenues of $41,847,000 for the
quarter ended June 30, 2003. For the nine months ended June 30,
2004, the Company earned net income of $4,243,000 or $ .30 per
diluted share, on contract revenues of $120,521,000 compared to net
income of $1,455,000 or $.10 per diluted share, on contract
revenues of $106,761,000 for the nine months ended June 30, 2003.
FOR THE THREE MONTHS ENDED JUNE 30, 2004 2003 Contract Revenues
$48,386,000 $ 41,847,000 Income before Income Taxes 8,589,000
2,207,000 Provision for Income Taxes ( 2,904,000) (2,289,000) Net
Income 5,685,000 (82,000) Earnings per Common Share - Basic .41
(.01) Diluted .40 (.01) Weighted Average Shares Outstanding - Basic
13,860,000 13,847,000 Diluted 14,073,000 13,847,000 FOR THE NINE
MONTHS ENDED JUNE 30, 2004 2003 Contract Revenues $120,521,000
$106,761,000 Income before Income Taxes 10,760,000 6,009,000
Provision for Income Taxes (6,517,000) (4,554,000) Net Income
4,243,000 1,455,000 Earnings per Common Share - Basic .31 .11
Diluted .30 .10 Weighted Average Shares Outstanding - Basic
13,858,000 13,846,000 Diluted 13,999,000 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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