Atwood Oceanics Announcing Earnings for First Quarter Fiscal Year 2010

HOUSTON, Feb. 3  /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc. (NYSE: ATW), Houston-based International Drilling Contractor, announced today that the Company earned net income of $66,984,000 or $1.03 per diluted share, on revenues of $164,243,000 for the quarter ended December 31, 2009 compared to net income of $78,363,000 or $1.22 per diluted share, on revenues of $165,504,000 for the quarter ended December 31, 2008.

                                 FOR THE THREE MONTHS    
                                   ENDED DECEMBER 31,    
                                   2009          2008 
                                   ----          ---- 
                                                         
  Revenues                    $164,243,000  $165,504,000 
  Income before Income Taxes    81,255,000    91,716,000 
  Provision for Income Taxes   (14,271,000)  (13,353,000)
  Net Income                    66,984,000    78,363,000 
  Earnings per Common Share -                            
        Basic                         1.04          1.22 
        Diluted                       1.03          1.22 
  Weighted Average Shares                                
     Outstanding -                                       
        Basic                   64,303,000    64,081,000 
        Diluted                 65,023,000    64,332,000


DATASOURCE: Atwood Oceanics, Inc.



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



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

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