TODCO Announces First Quarter 2005 Results

TODCO (NYSE: THE) reported net income for the three months ended March 31, 2005, of $8.1 million, or $0.13 per diluted share, on revenues of $111.9 million compared with a net loss of $22.3 million, or $0.53 per share, on revenues of $73.8 million for the same quarter of 2004. For the three months ended March 31, 2005, earnings before interest, taxes, depreciation and amortization ("EBITDA") was $36.2 million compared to a loss of $4.2 million for the same quarter of 2004.

The improvement in first quarter 2005 results over the same quarter last year was principally caused by improved utilizations and dayrates in the Company's domestic operations.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Project Management Office Business Consultant
Expertise: Project Management
Location: Chicago, IL
 
Senior Revenue Accounting Specialist
Expertise: Accounting
Location: Houston, TX
 
Location Manager I - Saybolt
Expertise: Business Development|Facilities Management|Surveying
Location: Texas City, TX
 
search for more jobs

Brent Crude Oil : $55.47/BBL 0.69%
Light Crude Oil : $52.48/BBL 0.30%
Natural Gas : $3.41/MMBtu 0.29%
Updated in last 24 hours