Atwood Oceanics Announcing Earnings for Second Quarter Fiscal Year 2010
HOUSTON, May 4 /PRNewswire-FirstCall/ -- ATWOOD OCEANICS, INC., (NYSE: ATW) Houston-based International Drilling Contractor, announced today that the Company earned net income of $66,755,000 or $1.03 per diluted share, on revenues of $159,069,000 for the quarter ended March 31, 2010 compared to net income of $56,427,000 or $0.88 per diluted share, on revenues of $140,652,000 for the quarter ended March 31, 2009. For the six months ended March 31, 2010, the Company earned net income of $133,739,000 or $2.06 per diluted share, on revenues of $323,312,000 compared to net income of $134,790,000 or $2.10 per diluted share, on revenues of $306,156,000 for the six months ended March 31, 2009.
FOR THE THREE MONTHS ENDED MARCH 31, |
||||
2010 |
2009 |
|||
Revenues |
$159,069,000 |
$140,652,000 |
||
Income before Income Taxes |
77,018,000 |
71,533,000 |
||
Provision for Income Taxes |
(10,263,000) |
(15,106,000) |
||
Net Income |
66,755,000 |
56,427,000 |
||
Earnings per Common Share - |
||||
Basic |
1.04 |
0.88 |
||
Diluted |
1.03 |
0.88 |
||
Weighted Average Shares Outstanding - |
||||
Basic |
64,396,000 |
64,186,000 |
||
Diluted |
65,103,000 |
64,235,000 |
||
FOR THE SIX MONTHS ENDED MARCH 31, |
||||
2010 |
2009 |
|||
Revenues |
$323,312,000 |
$306,156,000 |
||
Income before Income Taxes |
158,273,000 |
163,249,000 |
||
Provision for Income Taxes |
(24,534,000) |
(28,459,000) |
||
Net Income |
133,739,000 |
134,790,000 |
||
Earnings per Common Share - |
||||
Basic |
2.08 |
2.10 |
||
Diluted |
2.06 |
2.10 |
||
Weighted Average Shares Outstanding - |
||||
Basic |
64,349,000 |
64,134,000 |
||
Diluted |
65,063,000 |
64,284,000 |
||
SOURCE Atwood Oceanics, Inc.
Share this article