Rowan Cos. (RDC) Tops Q1 EPS by 29c

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Go back to Rowan Cos. (RDC) Tops Q1 EPS by 29c

Rowan Reports First Quarter 2015 Results and Announces Increase and Extension of Revolving Credit Facility

May 6, 2015 8:22 AM EDT

HOUSTON, May 6, 2015 /PRNewswire/ -- For the three months ended March 31, 2015, Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) reported net income of $123.7 million, or $0.99 per share, compared to $59.6 million, or $0.48 per share in the first quarter of 2014.  Net income for the prior-year quarter included a litigation settlement gain which increased net income from continuing operations by $20.9 million, or $0.17 per share.  The prior-year quarter also included a gain from discontinued operations which increased net income by $4.0 million, or $0.03 per share. Excluding the impact of these items, net income for the first... More