Atwood Oceanics Announcing Earnings for First Quarter Fiscal Year 2010

News provided by

Atwood Oceanics, Inc.

Feb 03, 2010, 04:40 ET

HOUSTON, Feb. 3 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc. (NYSE: ATW), Houston-based International Drilling Contractor, announced today that the Company earned net income of $66,984,000 or $1.03 per diluted share, on revenues of $164,243,000 for the quarter ended December 31, 2009 compared to net income of $78,363,000 or $1.22 per diluted share, on revenues of $165,504,000 for the quarter ended December 31, 2008.

    
    
                                   FOR THE THREE MONTHS    
                                     ENDED DECEMBER 31,    
                                     2009          2008 
                                     ----          ---- 
                                                           
    Revenues                    $164,243,000  $165,504,000 
    Income before Income Taxes    81,255,000    91,716,000 
    Provision for Income Taxes   (14,271,000)  (13,353,000)
    Net Income                    66,984,000    78,363,000 
    Earnings per Common Share -                            
          Basic                         1.04          1.22 
          Diluted                       1.03          1.22 
    Weighted Average Shares                                
       Outstanding -                                       
          Basic                   64,303,000    64,081,000 
          Diluted                 65,023,000    64,332,000

SOURCE Atwood Oceanics, Inc.

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