Atwood Oceanics Announces Third Quarter Earnings for FY 2009

HOUSTON, Aug. 5  /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc., (NYSE: ATW)  Houston-based International Drilling Contractor, announced today that the Company earned net income of $67,671,000 or $1.05 per diluted share, on revenues of $149,307,000 for the quarter ended June 30, 2009 compared to net income of $60,381,000 or $0.93 per diluted share, on revenues of $141,372,000 for the quarter ended June 30, 2008.  For the nine months ended June 30, 2009, the Company earned net income of $202,461,000 or $3.14 per diluted share, on revenues of $455,463,000 compared to net income of $140,685,000 or $2.18 per diluted share, on revenues of $365,950,000 for the nine months ended June 30, 2008.

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

  Revenues                    $149,307,000  $141,372,000
  Income before Income Taxes    73,744,000    68,066,000
  Provision for Income Taxes    (6,073,000)   (7,685,000)
  Net Income                    67,671,000    60,381,000
  Earnings per Common Share -
        Basic                         1.05          0.94
        Diluted                       1.05          0.93
  Weighted Average Shares
     Outstanding -
        Basic                   64,190,000    64,023,000
        Diluted                 64,617,000    64,776,000


                               FOR THE NINE MONTHS ENDED
                                        JUNE 30,
                                   2009          2008
                                   ----          ----

  Revenues                    $455,463,000  $365,950,000
  Income before Income Taxes   236,993,000   157,531,000
  Provision for Income Taxes   (34,532,000)  (16,846,000)
  Net Income                   202,461,000   140,685,000
  Earnings per Common Share -
        Basic                         3.16          2.21
        Diluted                       3.14          2.18
  Weighted Average Shares
     Outstanding -
        Basic                   64,152,000    63,665,000
        Diluted                 64,395,000    64,509,000


DATASOURCE: Atwood Oceanics, Inc.



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



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

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