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Earnings Calls: 
Rowan Companies Fourth Quarter Earnings Call
Author: Maclintosh Kuhlengisa
123jump.com
Last Update: 6:19 AM EST March 07 2008
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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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Unidentified Analyst (Friedman, Billings, Ramsey): On the Rowan-Anchorage, want to see if you guys probably sell that once the J.P. Bussell comes online later this year, is that kind of the timing of the group?

D.F. McNease: Yes. We will look at that. But I mean right now we are probably wait till next year to sell it.

Collin Gerry (Raymond James): Could you give just a little guidance on the SG&A and maybe the depreciation front as go kind of full-year 2008?

William H. Wells: SG&A, we are budgeting about 5% overall increase, and depreciation could be up a little bit more than that, maybe 10% just because of the impact of all the rigs that we have brought on in this last year.
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