Atwood Oceanics Announces Q2 Earnings

Atwood Oceanics, Inc. said that it earned net income of $15,629,000, or $.50 per diluted share, on revenues of $67,529,000 for the quarter ended March 31, 2006. During the same period in 2005, Atwood posted net income of $4,711,000, or $.15 per diluted share, on revenues of $41,017,000.

For the six months ended March 31, 2006, the company earned net income of $30,152,000, or $.96 per diluted share, on revenues of $122,943,000. For the six months ended March 31, 2005, Atwood posted income of $13,361,000, or $.43 per diluted share, on revenues of $86,443,000.

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