Business
In Q2 of 2014, Atwood Oceanics Inc., announced that the Company earned net income of $73.3 million or $1.13 per diluted share, on revenues of $273.1 million for the quarter ended March 31, 2014 compared to net income of $83.4 million or $1.28 per diluted share on revenues of $284.7 million for the quarter ended December 31, 2013 and compared to net income of $85.5 million or $1.28 per diluted share, on revenues of $253.2 million for the quarter ended March 31, 2013. For the six months ended March 31, 2014, the Company earned net income of $156.7 million or $2.41 per diluted share, on revenues of compared to net income of $158.4 million or $2.39 per diluted share, on revenues of $498.3 million for the six months ended March 31, 2013. Rob Saltiel, President and CEO, commented, "Our second quarter financial results were affected negatively by start-up issues with the Atwood Advantage that resulted in 22 zero-rate days in March. The remainder of our rig fleet performed well in the quarter, partially offsetting this lost revenue." Investor Relations Contact Mark L. Mey Senior Vice President and Chief Financial Officer Atwood Oceanics Inc Phone: 281-749-7800 E-mail: investor@atwd.com More Information Find more about our 2nd Quarter Earnings here Find more about Atwood Oceanics here More about our Social Media strategy here