Atwood Oceanics Announces Earnings for Fiscal Year 2010 and Fourth Quarter Ended September 30, 2010
HOUSTON, Nov. 18, 2010 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc. (NYSE: ATW), Houston-based international drilling contractor, announced today that the Company earned net income of $64,229,000 or $0.99 per diluted share, on revenues of $160,613,000 for the quarter ended September 30, 2010 compared to net income of $48,284,000 or $0.75 per diluted share, on revenues of $131,044,000 for the quarter ended September 30, 2009. For the twelve months ended September 30, 2010, the Company earned net income of $256,996,000 or $3.95 per diluted share, on revenues of $650,562,000 compared to net income of $250,745,000 or $3.89 per diluted share, on revenues of $586,507,000 for the twelve months ended September 30, 2009.
FOR THE THREE MONTHS ENDED |
||||
2010 |
2009 |
|||
Revenues |
$160,613,000 |
$131,044,000 |
||
Income before Income Taxes |
76,859,000 |
59,438,000 |
||
Provision for Income Taxes |
(12,630,000) |
(11,154,000) |
||
Net Income |
64,229,000 |
48,284,000 |
||
Earnings per Common Share - |
||||
Basic |
1.00 |
0.75 |
||
Diluted |
0.99 |
0.75 |
||
Weighted Average Shares |
||||
Outstanding - |
||||
Basic |
64,439,000 |
64,212,000 |
||
Diluted |
64,951,000 |
64,786,000 |
||
FOR THE TWELVE MONTHS ENDED |
||||
2010 |
2009 |
|||
Revenues |
$650,562,000 |
$586,507,000 |
||
Income before Income Taxes |
319,979,000 |
296,431,000 |
||
Provision for Income Taxes |
(62,983,000) |
(45,686,000) |
||
Net Income |
256,996,000 |
250,745,000 |
||
Earnings per Common Share - |
||||
Basic |
3.99 |
3.91 |
||
Diluted |
3.95 |
3.89 |
||
Weighted Average Shares |
||||
Outstanding - |
||||
Basic |
64,391,000 |
64,167,000 |
||
Diluted |
65,028,000 |
64,493,000 |
||
SOURCE Atwood Oceanics, Inc.
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