Attached files
| file | filename |
|---|---|
| 8-K - 8K 1ST QTR EARNINGS - ATWOOD OCEANICS INC | f8kfebruary22011.htm |
| EX-99.2 - CONSOLIDATED STATEMENTS - ATWOOD OCEANICS INC | exh99_2.htm |
| EX-99.4 - CONDENSED BALANCE SHEET - ATWOOD OCEANICS INC | exh99_4.htm |
| EX-99.3 - ANALYSIS REVENUES AND DRILLING COST - ATWOOD OCEANICS INC | exh99_3.htm |
EXHIBIT 99.1
Houston, Texas
February 2, 2011
FOR IMMEDIATE RELEASE
EARNINGS-
ATWOOD OCEANICS, INC., Houston-based international drilling contractor, announced today that the Company earned net income of $52,850,000 or $0.81 per diluted share, on revenues of $146,286,000 for the quarter ended December 31, 2010 compared to net income of $66,984,000 or $1.03 per diluted share, on revenues of $164,243,000 for the quarter ended December 31, 2009.
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FOR THE THREE MONTHS ENDED
DECEMBER 31,
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2010
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2009
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Revenues
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$ | 146,286,000 | $ | 164,243,000 | ||||
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Income before Income Taxes
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63,240,000 | 81,255,000 | ||||||
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Provision for Income Taxes
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(10,390,000 | ) | (14,271,000 | ) | ||||
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Net Income
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$ | 52,850,000 | $ | 66,984,000 | ||||
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Earnings per Common Share -
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Basic
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0.82 | 1.04 | ||||||
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Diluted
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0.81 | 1.03 | ||||||
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Weighted Average Shares
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Outstanding -
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Basic
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64,528,000 | 64,303,000 | ||||||
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Diluted
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65,184,000 | 65,023,000 | ||||||