ATW Q4, 2016 Earnings Call

Atwood Oceanics

Mark W. Smith

Senior Vice President and Chief Financial Officer, Atwood Oceanics, Inc.

Good morning, and welcome to Atwood Oceanics' conference call and webcast to review the company's operating results for the fourth quarter and 2016 fiscal year ended September 30, 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.

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HOUSTON, November 11, 2016 - Atwood Oceanics, Inc. (NYSE: ATW) ("Company"), announced today that it had earned net income of $4.2 million or $0.07 per diluted share, on revenues of $188.7 million for the quarter ended September 30, 2016, compared to net income of $99.5 million or $1.53 per diluted share on revenues of $227.8 million for the quarter ended June 30, 2016 and compared to net income of $150.7 million or $2.32 per diluted share, on revenues of $363.2 million for the quarter ended September 30, 2015.

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