ATW Q2, 2016 Earnings Call
Atwood Oceanics
English - May 06, 2016 17:00 - 49 minutes - 22.8 MB - ★★★★★ - 1 ratingInvesting Business atwoodoceanics investorrelations offshore offshoredrilling oilandgas Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Mark W. Smith
Senior Vice President and Chief Financial Officer
Good morning and welcome to Atwood Oceanics' conference call and webcast to review the company's operating results for the second quarter ended March 31, 2016. The speakers today will be Rob Saltiel, President and CEO; and me, Mark Smith, Senior Vice President and CFO. Before we begin, let me remind everyone that during the course of this conference call we may make forward-looking statements. These statements involve risks and uncertainties more fully described in our latest 10 -K and our other filings with the SEC. Actual results may differ materially. Undue reliance should not be placed on these forward-looking statements, which are applicable only as of the date hereof. Now, let me turn the call over to Rob for opening remarks.
HOUSTON, May 5, 2016 -- Atwood Oceanics, Inc. (NYSE: ATW) ("Company"), announced today that it had earned net income of $122.4 million or $1.89 per diluted share, on revenues of $296.4 million for the quarter ended March 31, 2016 compared to net income of $39.1 million or $0.60 per diluted share on revenues of $307.8 million for the quarter ended December 31, 2015 and compared to net income of $122.7 million or $1.89 per diluted share, on revenues of $350.4 million for the quarter ended March 31, 2015. For the six months ended March 31, 2016, the Company earned net income of $161.5 million or $2.49 per diluted share, on revenues of $604.2 million compared to net income of $168.9 million or $2.60 per diluted share, on revenues of $702.1 million for the six months ended March 31, 2015.