Atwood Oceanics Announces Third Quarter Earnings for FY 2007

Atwood Oceanics (NYSE: ATW) earned a net income of $32,033,000 or $1.00 per diluted share, on revenues of $98,371,000 for the quarter ended June 30, 2007, compared to net income of $32,791,000 or $1.04 per diluted share, on revenues of $71,865,000 for the quarter ended June 30, 2006. For the nine months ended June 30, 2007, the Company earned net income of $84,875,000 or $2.68 per diluted share, on revenues of $281,433,000 compared to net income of $62,943,000 or $2.00 per diluted share, on revenues of $194,808,000 for the nine months ended June 30, 2006. Earning results for the three months and nine months ended June 30, 2006 included the recognition of $6.4 million of tax benefits which increased diluted earnings per share by $0.20 for both periods.

FOR THE THREE MONTHS ENDED
                                                          JUNE 30,
                                                   2007              2006

    Revenues                                   $98,371,000       $71,865,000
    Income before Income Taxes                  36,569,000        28,606,000
    (Provision) benefit for Income Taxes        (4,536,000)        4,185,000
    Net Income                                  32,033,000        32,791,000
    Earnings per Common Share -
          Basic                                       1.02              1.06
          Diluted                                     1.00              1.04
    Weighted Average Shares Outstanding -
          Basic                                 31,491,000        31,037,000
          Diluted                               31,964,000        31,580,000


                                                  FOR THE NINE MONTHS ENDED
                                                           JUNE 30,
                                                    2007              2006

    Revenues                                  $281,433,000      $194,808,000
    Income before Income Taxes                  98,650,000        63,951,000
    Provision for Income Taxes                 (13,775,000)       (1,008,000)
    Net Income                                  84,875,000        62,943,000
    Earnings per Common Share -
          Basic                                       2.72              2.04
          Diluted                                     2.68              2.00
    Weighted Average Shares Outstanding -
          Basic                                 31,233,000        30,900,000
          Diluted                               31,718,000        31,411,000

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Sr. Electronics Engineer
Expertise: Electrical Engineering|Engineering Manager
Location: Houston, TX
 
United States Midland: Account Rep, Bus Dev
Expertise: Business Development|Sales
Location: Midland, TX
 
United States Midland: Account Rep, Bus Dev
Expertise: Business Development|Sales
Location: Midland, 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