Atwood Oceanics Announces Third Quarter Earnings

Atwood Oceanics, Inc. a Houston-based international drilling contractor, said late Friday that the company earned net income of $27,623,000, or $.87 per diluted share, on revenues of $71,565,000 for the quarter ended June 30, 2006, compared to net income of $5,989,000 or $.19 per diluted share, on revenues of $43,589,000 for the quarter ended June 30, 2005. For the nine months ended June 30, 2006, the company earned net income of $57,775,000 or $1.84 per diluted share, on revenues of $194,508,000 compared to net income of $19,350,000 or $.62 per diluted share, on revenues of $130,032,000 for the nine months ended June 30, 2005.

Net income for the quarter and nine months ended June 30, 2006, was enhanced by approximately $1.9 million or $.06 per diluted share from income tax benefits discrete to the June 2006 quarter and by approximately $1.1 million or $0.03 per diluted share from the gains on sales of excess equipment.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Sales Manager - Safety Relief Valves
Expertise: Business Development|Sales
Location: Houston, TX
 
United States Odessa: Service Manager
Expertise: Engineering Manager
Location: Odessa, TX
 
United States Conroe: Product Champion
Expertise: Business Development|Marketing|Sales
Location: Conroe, TX
 
search for more jobs

Brent Crude Oil : $50.75/BBL 0.09%
Light Crude Oil : $47.73/BBL 0.50%
Natural Gas : $3.05/MMBtu 0.97%
Updated in last 24 hours