EXHIBIT 99.1
HOUSTON, TEXAS
21 NOVEMBER 2000
FOR IMMEDIATE RELEASE:
ATWOOD OCEANICS, INC., HOUSTON-BASED INTERNATIONAL DRILLING CONTRACTOR,
ANNOUNCED TODAY THAT THE COMPANY AND ITS SUBSIDIARIES REPORTED NET INCOME OF USD
23,148,000, OR USD 1.66 PER DILUTED SHARE, ON CONTRACT REVENUES OF USD
134,514,000, FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2000, COMPARED TO NET
INCOME OF USD 27,720,000, OR USD 2.01 PER DILUTED SHARE, ON CONTRACT REVENUES OF
USD 150,009,000, FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 1999.
COMPARED FIGURES ARE AS FOLLOWS:
2000 1999
=============== ================
FOR THE YEAR ENDED SEPTEMBER 30:
CONTRACT REVENUES USD 134,514,000 USD 150,009,000
INCOME BEFORE INCOME TAXES 35,898,000 46,507,000
NET INCOME 23,148,000 27,720,000
EARNINGS PER COMMON SHARE -
BASIC 1.68 2.03
DILUTED 1.66 2.01
WEIGHTED AVERAGE SHARES OUTSTANDING -
BASIC 13,763,000 13,649,000
DILUTED 13,916,000 13,791,000
CONTACT: JIM HOLLAND
(281) 749-7804
