Attached files
| file | filename |
|---|---|
| 8-K - 3RD QTR EARNINGS AUG 2011 - ATWOOD OCEANICS INC | f8kaugust32011.htm |
| EX-99.3 - EXHIBIT 99.3 3RD QTR EARNINGS - ATWOOD OCEANICS INC | exh99_3.htm |
| EX-99.2 - EXHIBIT 99.2 3RD QTR EARNINGS - ATWOOD OCEANICS INC | exh99_2.htm |
| EX-99.4 - EXHIBIT 99.4 3RD QTR EARNINGS - ATWOOD OCEANICS INC | exh99_4.htm |
EXHIBIT 99.1
Houston, Texas
August 3, 2011
FOR IMMEDIATE RELEASE
EARNINGS
ATWOOD OCEANICS, INC., a Houston-based international drilling contractor (NYSE: ATW), announced today that the Company earned net income of $75,285,000 or $1.15 per diluted
share, on revenues of $162,147,000 for the quarter ended June 30, 2011 compared to 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 and compared to net income of $58,994,000 or $0.91 per diluted share, on revenues of $166,637,000 for the quarter ended June 30, 2010. For the nine months ended June 30,
2011, the Company earned net income of $198,747,000 or $3.04 per diluted share, on revenues of $467,518,000 compared to net income of $192,733,000 or $2.96 per diluted share, on revenues
of $489,949,000 for the nine months ended June 30, 2010.
Contact: Mark L. Mey
(281) 749-7902
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FOR THE THREE MONTHS ENDED
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JUNE 30, 2011
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MARCH 31, 2011
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JUNE 30, 2010
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Revenues
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$ | 162,147,000 | $ | 159,085,000 | $ | 166,637,000 | ||||||
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Income before Income Taxes
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87,203,000 | 90,485,000 | 84,847,000 | |||||||||
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Provision for Income Taxes
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(11,918,000 | ) | (19,874,000 | ) | (25,853,000 | ) | ||||||
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Net Income
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75,285,000 | 70,611,000 | 58,994,000 | |||||||||
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Earnings per Common Share -
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Basic
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1.16 | 1.09 | 0.92 | |||||||||
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Diluted
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1.15 | 1.08 | 0.91 | |||||||||
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Weighted Average Shares
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Outstanding -
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Basic
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64,820,000 | 64,720,000 | 64,427,000 | |||||||||
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Diluted
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65,470,000 | 65,409,000 | 65,037,000 | |||||||||
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FOR THE NINE MONTHS ENDED JUNE 30,
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| 2011 | 2010 | |||||||||||
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Revenues
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$ | 467,518,000 | $ | 489,949,000 | ||||||||
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Income before Income Taxes
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240,929,000 | 243,120,000 | ||||||||||
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Provision for Income Taxes
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(42,182,000 | ) | (50,387,000 | ) | ||||||||
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Net Income
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198,747,000 | 192,733,000 | ||||||||||
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Earnings per Common Share -
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Basic
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3.07 | 2.99 | ||||||||||
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Diluted
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3.04 | 2.96 | ||||||||||
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Weighted Average Shares
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Outstanding -
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Basic
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64,689,000 | 64,375,000 | ||||||||||
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Diluted
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65,355,000 | 65,054,000 | ||||||||||