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The company has reported revenues of $393.4 million for the third quarter of 2009, compared to $527.1 million for the same quarter of 2008.
Rowan Companies has reported a net income of $306.7 million, or $2.70 per diluted share, for the first nine months of 2009, compared to $333.3 million, or $2.94 per diluted share, for the corresponding period of 2008.
Year-to-date revenues were $1.37 billion, compared to $1.59 billion for the first nine months of 2008.
Matt Ralls, president and CEO of Rowan Companies, said: "Our third quarter results, both in drilling and manufacturing, benefitted from our contract backlog and great execution by our employees. While excess rig supply has, and will likely continue to, put pressure on day rates, we believe global demand for jack-ups and land rigs bottomed during the third quarter."
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