EXHIBIT 99.1
Houston, Texas
7 December 2006
FOR IMMEDIATE RELEASE
ATWOOD OCEANICS, INC., Houston-based International Drilling Contractor,
announced today that the Company earned net income of $23,179,000 or $.74
per diluted share, on revenues of $81,817,000 for the quarter ended
September 30, 2006, compared to net income of $6,661,000 or $.21 per
diluted share, on revenues of $46,124,000 for the quarter ended September
30, 2005. For the year ended September 30, 2006, the Company earned net
income of $86,122,000 or $2.74 per diluted share, on revenues of
$276,625,000 compared to net income of $26,011,000 or $.83 per diluted
share, on revenues of $176,156,000 for the year ended September 30, 2005.
FOR THE THREE MONTHS ENDED SEPTEMBER 30,
2006 2005
---------------- ------------------
Revenues $ 81,817,000 $ 46,124,000
Income before Income Taxes 27,885,000 5,432,000
(Provision) Benefit for Income Taxes (4,706,000) 1,229,000
Net Income 23,179,000 6,661,000
Earnings per Common Share -
Basic 0.75 0.22
Diluted 0.74 0.21
Weighted Average Shares
Outstanding -
Basic 31,044,000 30,584,000
Diluted 31,534,000 31,452,000
FOR THE TWELVE MONTHS ENDED SEPTEMBER 30,
2006 2005
---------------- ------------------
Revenues $ 276,625,000 $ 176,156,000
Income before Income Taxes 91,836,000 25,608,000
(Provision) Benefit for Income Taxes (5,714,000) 403,000
Net Income 86,122,000 26,011,000
Earnings per Common Share -
Basic 2.78 0.86
Diluted 2.74 0.83
Weighted Average Shares
Outstanding -
Basic 30,936,000 30,412,000
Diluted 31,442,000 31,220,000
Contact: Jim Holland
(281) 749-7804