May 4, 2010 (PR Newswire) --
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.
