ATW Atwood Oceanics, Inc. (delisted)

Atwood Oceanics Announces Fourth Quarter Earnings HOUSTON, Nov. 16 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc. (NYSE:ATW), Houston-based International Drilling Contractor, announced today that the Company earned net income of $3,344,000 or $.24 per diluted share, on revenues of $42,933,000 for the quarter ended September 30, 2004, compared to a net loss of ($14,257,000) or ($1.03) per diluted share on revenues of $38,004,000 for the quarter ended September 30, 2003. For the twelve months ended September 30, 2004, the Company earned net income of $7,587,000 or $.54 per diluted share, on revenues of $163,454,000 compared to a net loss of ($12,802,000) or ($.92) per diluted share, on revenues of $144,765,000 for the twelve months ended September 30, 2003. FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2004 2003 (unaudited) Contract Revenues $42,933,000 $38,004,000 Income (Loss) before Income Taxes 1,642,000 (4,373,000) Provision (Benefit) for Income Taxes (1,702,000) 9,884,000 Net Income (Loss) 3,344,000 (14,257,000) Earnings (Loss) per Common Share - Basic .24 (1.03) Diluted .24 (1.03) Weighted Average Shares Outstanding - Basic 13,869,000 13,848,000 Diluted 14,139,000 13,848,000 FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 2004 2003 (unaudited) Contract Revenues $163,454,000 $144,765,000 Income before Income Taxes 12,402,000 1,636,000 Provision for Income Taxes 4,815,000 (14,438,000) Net Income (Loss) 7,587,000 (12,802,000) Earnings (Loss) per Common Share - Basic .55 (.92) Diluted .54 (.92) Weighted Average Shares Outstanding - Basic 13,859,000 13,846,000 Diluted 14,032,000 13,846,000 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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