ATWOOD OCEANICS Announces Earnings for Third Quarter Fiscal Year 2011
HOUSTON, Aug. 3, 2011 /PRNewswire/ -- 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.
FOR THE THREE MONTHS ENDED |
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JUNE 30, 2011 |
MARCH 31, 2011 |
JUNE 30, 2010 |
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Revenues |
$162,147,000 |
$ 159,085,000 |
$166,637,000 |
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Income before Income Taxes |
87,203,000 |
90,485,000 |
84,847,000 |
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Provision for Income Taxes |
(11,918,000) |
(19,874,000) |
(25,853,000) |
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Net Income |
75,285,000 |
70,611,000 |
58,994,000 |
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Earnings per Common Share - |
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Basic |
1.16 |
1.09 |
0.92 |
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Diluted |
1.15 |
1.08 |
0.91 |
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Weighted Average Shares |
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Outstanding - |
||||||
Basic |
64,820,000 |
64,720,000 |
64,427,000 |
|||
Diluted |
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 |
$467,518,000 |
$ 489,949,000 |
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Income before Income Taxes |
240,929,000 |
243,120,000 |
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Provision for Income Taxes |
(42,182,000) |
(50,387,000) |
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Net Income |
198,747,000 |
192,733,000 |
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Earnings per Common Share - |
||||||
Basic |
3.07 |
2.99 |
||||
Diluted |
3.04 |
2.96 |
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Weighted Average Shares |
||||||
Outstanding - |
||||||
Basic |
64,689,000 |
64,375,000 |
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Diluted |
65,355,000 |
65,054,000 |
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SOURCE ATWOOD OCEANICS, INC.
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