Attached files
| file | filename |
|---|---|
| 8-K - FORM 8K - 10Q PRESS RELEASE - ATWOOD OCEANICS INC | f8kmay32011.htm |
| EX-99.4 - EXHIBIT 99.4 - ATWOOD OCEANICS INC | exh99_4.htm |
| EX-99.2 - EXHIBIT 99.2 - ATWOOD OCEANICS INC | exh99_2.htm |
| EX-99.3 - EXHIBIT 99.3 - ATWOOD OCEANICS INC | exh99_3.htm |
EXHIBIT 99.1
Houston, Texas
May 3, 2011
FOR IMMEDIATE RELEASE
EARNINGS-
ATWOOD OCEANICS, INC., a Houston-based international drilling contractor, announced today that the Company earned net income of $70,611,000 or $1.08 per diluted share, on revenues of $159,085,000 for the quarter ended March 31, 2011 compared to 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. For the six months ended March 31, 2011, the Company earned net income of $123,462,000 or $1.89 per diluted share, on revenues of $305,371,000 compared to net income of $133,739,000 or $2.06 per diluted share, on revenues of $323,312,000 for the six months ended March 31, 2010.
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For the Three Months Ended March 31,
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2011
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2010
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Revenues
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$ | 159,085,000 | $ | 159,069,000 | ||||
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Income before Income Taxes
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90,485,000 | 77,018,000 | ||||||
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Provision for Income Taxes
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(19,874,000 | ) | (10,263,000 | ) | ||||
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Net Income
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70,611,000 | 66,755,000 | ||||||
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Earnings per Common Share -
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Basic
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1.09 | 1.04 | ||||||
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Diluted
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1.08 | 1.03 | ||||||
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Weighted Average Shares
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Outstanding -
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Basic
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64,720,000 | 64,396,000 | ||||||
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Diluted
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65,409,000 | 65,103,000 | ||||||
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For the Six Months Ended March 31,
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| 2011 | 2010 | |||||||
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Revenues
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$ | 305,371,000 | $ | 323,312,000 | ||||
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Income before Income Taxes
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153,726,000 | 158,273,000 | ||||||
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Provision for Income Taxes
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(30,264,000 | ) | (24,534,000 | ) | ||||
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Net Income
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123,462,000 | 133,739,000 | ||||||
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Earnings per Common Share -
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Basic
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1.91 | 2.08 | ||||||
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Diluted
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1.89 | 2.06 | ||||||
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Weighted Average Shares
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Outstanding -
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Basic
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64,624,000 | 64,349,000 | ||||||
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Diluted
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65,297,000 | 65,063,000 | ||||||