ATWOOD OCEANICS Announces Fourth Quarter Earnings for FY 2009

HOUSTON, Nov. 23  /PRNewswire-FirstCall/ -- ATWOOD OCEANICS, INC. (NYSE: ATW), Houston-based International Drilling Contractor, announced today that the Company earned net income of $48,284,000 or $0.75 per diluted share, on revenues of $131,044,000 for the quarter ended September 30, 2009 compared to net income of $74,753,000 or $1.16 per diluted share, on revenues of $160,654,000 for the quarter ended September 30, 2008.  For the twelve months ended September 30, 2009, the Company earned net income of $250,745,000 or $3.89 per diluted share, on revenues of $586,507,000 compared to net income of $215,438,000 or $3.34 per diluted share, on revenues of $526,604,000 for the twelve months ended September 30, 2008.

                          FOR THE THREE MONTHS ENDED
                                 SEPTEMBER 30,
                            2009              2008
                          --------          --------


Revenues                    $131,044,000  $160,654,000 Income before Income Taxes    59,438,000    87,244,000 Provision for Income Taxes   (11,154,000)  (12,491,000) Net Income                    48,284,000    74,753,000 Earnings per Common Share -

Basic                         0.75          1.17

Diluted                       0.75          1.16 Weighted Average Shares

Outstanding -
    Basic                   64,212,000    64,031,000
    Diluted                 64,786,000    64,697,000


                            FOR THE TWELVE MONTHS
                              ENDED SEPTEMBER 30,
                             2009           2008
                            ------         ------


Revenues                    $586,507,000  $526,604,000 Income before Income Taxes   296,431,000   244,775,000 Provision for Income Taxes   (45,686,000)  (29,337,000) Net Income                   250,745,000   215,438,000 Earnings per Common Share -

Basic                         3.91          3.38

Diluted                       3.89          3.34 Weighted Average Shares 

Outstanding -
    Basic                   64,167,000    63,756,000
    Diluted                 64,493,000    64,556,000


DATASOURCE: Atwood Oceanics, Inc.



CONTACT:  Jim Holland of Atwood Oceanics, Inc., [phone]



Web Site:  http://www.atwd.com/ 

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