| Rowan Companies
Earnings Call |
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Rowan Companies First Quarter Earnings Call
10th May 2008 00:00 AM |
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| The company is continuing with the strategic deployment of assets and the drilling operations are more geographically diversified than ever before. |
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| The provider of international and domestic contract drilling services generated Q1 revenues of $485.5 million versus $462.3 million in the same period last year. Quarterly net income was $98.6 million compared with $86.4 million in the first quarter of 2007 and $138.5 million in the fourth quarter of 2007 and $623.6 million in the fourth quarter of 2007. The backlog in the manufacturing and drilling units is growing and 80% of the company’s drilling backlog is from areas outside of the U.S. |
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Rowan Companies Fourth Quarter Earnings Call
7th March 2008 00:00 AM |
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| Net income rose 122% to $138.5 million or $1.23 per share, from $62.4 million or 56 cents per share in 2006 due to revenue growth. |
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| The provider and manufacturer of international and domestic contract drilling services and equipment reported a 51.8% increase in revenues to $623.6 million from $410.9 million in the prior year due to high commodity prices, strong demand in international offshore markets, improved average day rates, and record contributions from the company’s manufacturing division. |
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Rowan Companies Third Quarter Earnings Call
8th December 2007 00:00 AM |
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| Net income rose 50% to $131 million, or $1.16 a share, from $87 million, or 78 cents a share, in 2006 due to revenue growth. |
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| The provider of international and domestic contract drilling services reported a 20% growth in revenues to $502.2 million as drilling operations contributed record results. Recent contract negotiations will maintain the firm’s upward trend going forward. The firm has been able to experience solid demand for its more capable rigs and intends to continue the process of upgrading and expanding the jack-up fleet by building six additional high-specification jack-ups over the next four years. |
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Rowan Companies Second Quarter Earnings Call
10th August 2007 00:00 AM |
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| Including $14.6 million gain from the sale of assets, the earnings increased to $128.1 million from $109.7 million in the prior year. |
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| The provider of contract drilling services reported revenue of $507 million, an increase of 32% from the previous year. However, the revenue fell short of analysts’ expectation of $519.7 million. During the quarter, the strong overseas demand offset the weakness in the North American market. While the offshore rig utilization rate increased to 97% from 84% in the sequential quarter, the land rig utilization rate rose to 97% from 92%. |
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