----

----

|                     Delaware |  58-1550825                                    |
|----------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------|
| (State or other jurisdiction of incorporation or organization)                                                                   |   (I.R.S. Employer Identification Number) |

----

|                                  |     | PageNo.                                                                                                      |
|---------------------------------------|----------|--------------------------------------------------------------------------------------------------------------|
| Part I. Financial Information         |     |                                                                                                         |
|                                  | Item 1.  | Financial Statements (Unaudited)                                                                             |   |   |
|                                  |     | Consolidated Balance Sheets –As of September 30, 2010 and December 31, 2009                            |   | 3 |
|                                  |     |                                                                                                         |   |   |
|                                  |     | Consolidated Statements of Operations –For the three and nine months ended September 30, 2010 and 2009 |   | 4 |
|                                  |     |                                                                                                         |   |   |
|                                  |     | Consolidated Statement of Stockholders’ Equity –For the nine months ended September 30, 2010     |   | 5 |
|                                  |     |                                                                                                         |   |   |
|                                  |     | Consolidated Statements of Cash Flows –For the nine months ended September 30, 2010 and 2009           |   | 6 |
|                                  |     |                                                                                                         |   |   |
|                                  |     | Notes to Consolidated Financial Statements                                                                   |   | 7 – 19 |
|                                  |     |                                                                                                         |   |   |
|                                  | Item 2.  | Management’s Discussion and Analysis of Financial Condition and Results of Operations                  |   | 20 – 32 |
|                                  |     |                                                                                                         |   |   |
|                                  | Item 3.  | Quantitative and Qualitative Disclosures about Market Risk                                                   |   | 33 |
|                                  |     |                                                                                                         |   |   |
|                                  | Item 4.  | Controls and Procedures                                                                                      |   | 34 |
|                                  |     |                                                                                                         |   |   |
| Part II.  Other Information |     |                                                                                                         |
|                                  | Item 1.  | Legal Proceedings                                                                                            |   | 35 |
|                                  |     |                                                                                                         |   |   |
|                                  | Item 1A. | Risk Factors                                                                                                 |   | 35 |
|                                  |     |                                                                                                         |   |   |
|                                  | Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds                                                  |   | 35 |
|                                  |     |                                                                                                         |   |   |
|                                  | Item 3.  | Defaults upon Senior Securities                                                                              |   | 36 |
|                                  |     |                                                                                                         |   |   |
|                                  | Item 4.  | (Removed and Reserved)                                                                                       |   | 36 |
|                                  |     |                                                                                                         |   |   |
|                                  | Item 5.  | Other Information                                                                                            |   | 36 |
|                                  |     |                                                                                                         |   |   |
|                                  | Item 6.  | Exhibits                                                                                                     |   | 37 |
|                                  |     |                                                                                                         |   |   |
| Signatures                            |     | 38                                                                                                           |

----

|                                             |   | September 30, |    |   | December 31, |   |
|--------------------------------------------------|--------|---------------|---------|--------|--------------|--------|
|                                             |   | 2010          |    |   | 2009         |   |
| ASSETS                                           |   |          |    |   | (Note 1)     |   |
|                                             |   |          |    |   |         |   |   |   |
| Cash and cash equivalents                        |   | $             | 3,234   |   |         | $      | 4,489 |   |
| Accounts receivable, net                         |   |          | 279,990 |   |         |   | 130,619 |   |
| Inventories                                      |   |          | 61,888  |   |         |   | 55,783 |   |
| Deferred income taxes                            |   |          | 6,819   |   |         |   | 4,894 |   |
| Income taxes receivable                          |   |          | 788     |   |         |   | 18,184 |   |
| Prepaid expenses and other current assets        |   |          | 4,021   |   |         |   | 5,485 |   |
| Total current assets                             |   |          | 356,740 |   |         |   | 219,454 |   |
| Property, plant and equipment, net               |   |          | 410,265 |   |         |   | 396,222 |   |
| Goodwill                                         |   |          | 24,093  |   |         |   | 24,093 |   |
| Other assets                                     |   |          | 11,767  |   |         |   | 9,274 |   |
| Total assets                                     |   | $             | 802,865 |   |         | $      | 649,043 |   |
|                                             |   |          |    |   |         |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY       |   |          |    |   |         |
|                                             |   |          |    |   |         |   |   |   |
| Accounts payable                                 |   | $             | 78,321  |   |         | $      | 49,882 |   |
| Accrued payroll and related expenses             |   |          | 22,511  |   |         |   | 10,708 |   |
| Accrued insurance expenses                       |   |          | 5,153   |   |         |   | 4,315 |   |
| Accrued state, local and other taxes             |   |          | 4,941   |   |         |   | 2,001 |   |
| Income taxes payable                             |   |          | 13,794  |   |         |   | 647 |   |
| Other accrued expenses                           |   |          | 1,020   |   |         |   | 220 |   |
| Total current liabilities                        |   |          | 125,740 |   |         |   | 67,773 |   |
| Long-term accrued insurance expenses             |   |          | 8,524   |   |         |   | 8,597 |   |
| Notes payable to banks                           |   |          | 108,300 |   |         |   | 90,300 |   |
| Long-term pension liabilities                    |   |          | 15,303  |   |         |   | 14,647 |   |
| Other long-term liabilities                      |   |          | 1,749   |   |         |   | 1,838 |   |
| Deferred income taxes                            |   |          | 53,009  |   |         |   | 56,165 |   |
| Total liabilities                                |   |          | 312,625 |   |         |   | 239,320 |   |
| Common stock                                     |   |          | 9,876   |   |         |   | 9,836 |   |
| Capital in excess of par value                   |   |          | 10,235  |   |         |   | 7,638 |   |
| Retained earnings                                |   |          | 478,560 |   |         |   | 401,055 |   |
| Accumulated other comprehensive loss             |   |          | (8,431  | )      |         |   | (8,806 | ) |
| Total stockholders’ equity                 |   |          | 490,240 |   |         |   | 409,723 |   |
| Total liabilities and stockholders’ equity |   | $             | 802,865 |   |         | $      | 649,043 |   |

----

|                                         |   | Three months ended September 30, |    |   | Nine months ended September 30, |   |
|----------------------------------------------|--------|----------------------------------|---------|--------|---------------------------------|--------|
|                                         |   | 2010                             |    |   | 2009                            |   |   | 2010 |   |   | 2009 |   |
|                                         |   |                             |    |   |                            |   |   |   |   |   |   |   |
| Revenues                                     |   | $                                | 302,200 |   |                            | $      | 132,159 |   |   | $ | 768,240 |   |   | $ | 435,448 |   |
| Cost of revenues                             |   |                             | 162,529 |   |                            |   | 90,442 |   |   |   | 431,621 |   |   |   | 291,492 |   |
| Selling, general and administrative expenses |   |                             | 33,095  |   |                            |   | 22,843 |   |   |   | 90,410 |   |   |   | 73,821 |   |
| Depreciation and amortization                |   |                             | 33,091  |   |                            |   | 33,289 |   |   |   | 98,736 |   |   |   | 97,685 |   |
| (Gain) loss on disposition of assets, net    |   |                             | (905    | )      |                            |   | 492 |   |   |   | (1,574 | ) |   |   | (1,542 | ) |
| Operating profit (loss)                      |   |                             | 74,390  |   |                            |   | (14,907 | ) |   |   | 149,047 |   |   |   | (26,008 | ) |
| Interest expense                             |   |                             | (707    | )      |                            |   | (533 | ) |   |   | (1,750 | ) |   |   | (1,654 | ) |
| Interest income                              |   |                             | 14      |   |                            |   | 41 |   |   |   | 46 |   |   |   | 126 |   |
| Other income, net                            |   |                             | 441     |   |                            |   | 602 |   |   |   | 556 |   |   |   | 1,353 |   |
| Income (loss) before income taxes            |   |                             | 74,138  |   |                            |   | (14,797 | ) |   |   | 147,899 |   |   |   | (26,183 | ) |
| Income tax provision (benefit)               |   |                             | 27,869  |   |                            |   | (4,412 | ) |   |   | 56,628 |   |   |   | (8,640 | ) |
| Net income (loss)                            |   | $                                | 46,269  |   |                            | $      | (10,385 | ) |   | $ | 91,271 |   |   | $ | (17,543 | ) |
|                                         |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Earnings (loss) per share                    |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                        |   | $                                | 0.48    |   |                            | $      | (0.11 | ) |   | $ | 0.94 |   |   | $ | (0.18 | ) |
| Diluted                                      |   | $                                | 0.47    |   |                            | $      | (0.11 | ) |   | $ | 0.93 |   |   | $ | (0.18 | ) |
|                                         |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Dividends per share                          |   | $                                | 0.06    |   |                            | $      | 0.04 |   |   | $ | 0.14 |   |   | $ | 0.18 |   |
|                                         |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Average shares outstanding                   |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                        |   |                             | 96,707  |   |                            |   | 96,352 |   |   |   | 96,633 |   |   |   | 96,282 |   |
| Diluted                                      |   |                             | 97,838  |   |                            |   | 96,352 |   |   |   | 97,641 |   |   |   | 96,282 |   |
|                                         |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| PRO FORMA BASIS                              |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| (AS ADJUSTED FOR 3-FOR-2 STOCK SPLIT TO BE   |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| EFFECTIVE DECEMBER 10, 2010)                 |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Earnings (loss) per share                    |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                        |   | $                                | 0.32    |   |                            | $      | (0.07 | ) |   | $ | 0.63 |   |   | $ | (0.12 | ) |
| Diluted                                      |   | $                                | 0.32    |   |                            | $      | (0.07 | ) |   | $ | 0.62 |   |   | $ | (0.12 | ) |
|                                         |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Dividends per share                          |   | $                                | 0.04    |   |                            | $      | 0.03 |   |   | $ | 0.09 |   |   | $ | 0.12 |   |
|                                         |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Average shares outstanding                   |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                        |   |                             | 145,061 |   |                            |   | 144,528 |   |   |   | 144,950 |   |   |   | 144,423 |   |
| Diluted                                      |   |                             | 146,757 |   |                            |   | 144,528 |   |   |   | 146,462 |   |   |   | 144,423 |   |

----

|                             |   |          |   |   |         |   |         |      |   |   |       |   |   |          |    |   | Accumulated |    |          |   |   |
|----------------------------------|--------|---------------|--------|--------|--------------|--------|--------------|-----------|--------|--------|------------|--------|--------|---------------|---------|--------|-------------|---------|---------------|--------|--------|
|                             |   |          |   |   |         |   |         |      |   |   | Capital in |   |   |          |    |   | Other       |    |          |   |   |
|                             |   | Comprehensive |   |   | Common Stock |   |         | Excess of |   |   | Retained   |   |   | Comprehensive |    |   |        |    |
|                             |   | Income (Loss) |   |   | Shares       |   |         | Amount    |   |   | Par Value  |   |   | Earnings      |    |   | Loss        |    |          | Total  |   |
| Balance, December 31, 2009       |   |          |   |   |         | 98,364 |         |      | $      | 9,836  |       |   | $      | 7,638         |    |   | $           | 401,055 |          |   | $      | (8,806 | ) |   | $ | 409,723 |   |
| Stock issued for stock incentive |   |          |   |   |         |   |         |      |   |   |       |   |   |          |    |   |        |    |          |   |   |   |   |   |   |   |   |
| plans, net                       |   |          |   |   |         | 542    |         |      |   | 54     |       |   |   | 3,693         |    |   |        | — |          |   |   | — |   |   |   | 3,747 |   |
| Stock purchased and retired      |   |          |   |   |         | (142   | )            |      |   | (14    | )          |   |   | (1,738        | )       |   |        | — |          |   |   | — |   |   |   | (1,752 | ) |
| Net income                       |   | $             | 91,271 |   |         |   | —      |      |   |   | —    |   |   |          | — |   |        |    | 91,271        |   |   |   | — |   |   |   | 91,271 |   |
| Pension adjustment, net of taxes |   |          | 91     |   |         |   | —      |      |   |   | —    |   |   |          | — |   |        |    | —       |   |   |   | 91 |   |   |   | 91 |   |
| Change in value of cash flow     |   |          |   |   |         |   |         |      |   |   |       |   |   |          |    |   |        |    |          |   |   |   |   |   |   |   |   |   |
| hedge, net of taxes              |   |          | (8     | )      |         |   | —      |      |   |   | —    |   |   |          | — |   |        |    | —       |   |   |   | (8 | ) |   |   | (8 | ) |
| Foreign currency translation,    |   |          |   |   |         |   |         |      |   |   |       |   |   |          |    |   |        |    |          |   |   |   |   |   |   |   |   |   |
| net of taxes                     |   |          | 60     |   |         |   | —      |      |   |   | —    |   |   |          | — |   |        |    | —       |   |   |   | 60 |   |   |   | 60 |   |
| Unrealized gain on securities,   |   |          |   |   |         |   |         |      |   |   |       |   |   |          |    |   |        |    |          |   |   |   |   |   |   |   |   |   |
| net of taxes                     |   |          | 232    |   |         |   | —      |      |   |   | —    |   |   |          | — |   |        |    | —       |   |   |   | 232 |   |   |   | 232 |   |
| Comprehensive income             |   | $             | 91,646 |   |         |   |         |      |   |   |       |   |   |          |    |   |        |    |          |   |   |   |   |   |   |   |   |   |
| Dividends declared               |   |          |   |   |         |   | —      |      |   |   | —    |   |   |          | — |   |        |    | (13,766       | )      |   |   | — |   |   |   | (13,766 | ) |
| Excess tax benefits for share-   |   |          |   |   |         |   |         |      |   |   |       |   |   |          |    |   |        |    |          |   |   |   |   |   |   |   |   |   |
| based payments                   |   |          |   |   |         |   | —      |      |   |   | —    |   |   |          | 642     |   |        |    | —       |   |   |   | — |   |   |   | 642 |   |
| Balance, September 30, 2010      |   |          |   |   |         |   |  98,764 |      |   | $      | 9,876      |   |   | $             | 10,235  |   |        | $       |  478,560 |   |   | $ | (8,431 | ) |   | $ | 490,240 |   |

----

|                                                                                     |   |                            |     |   |   |   |
|------------------------------------------------------------------------------------------|--------|---------------------------------|----------|--------|--------|--------|
|                                                                                     |   | Nine months ended September 30, |     |
|                                                                                     |   | 2010                            |     |   | 2009   |   |
| OPERATING ACTIVITIES                                                                     |   |                            |     |   |   |   |
| Net income (loss)                                                                        |   | $                               | 91,271   |   |   | $      | (17,543 | ) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |   |                            |     |   |   |   |   |   |
| Depreciation, amortization and other non-cash charges                                    |   |                            | 98,678   |   |   |   | 97,683 |   |
| Stock-based compensation expense                                                         |   |                            | 3,862    |   |   |   | 3,139 |   |
| Gain on disposition of assets, net                                                       |   |                            | (1,574   | )      |   |   | (1,542 | ) |
| Deferred income tax (benefit) provision                                                  |   |                            | (5,447   | )      |   |   | 3,531 |   |
| Excess tax benefits for share-based payments                                             |   |                            | (642     | )      |   |   | (1,358 | ) |
| Changes in current assets and liabilities:                                               |   |                            |     |   |   |   |   |   |
| Accounts receivable                                                                      |   |                            | (149,313 | )      |   |   | 92,545 |   |
| Income taxes receivable                                                                  |   |                            | 18,038   |   |   |   | (1,732 | ) |
| Inventories                                                                              |   |                            | (6,057   | )      |   |   | (5,475 | ) |
| Prepaid expenses and other current assets                                                |   |                            | 1,875    |   |   |   | 5,353 |   |
| Accounts payable                                                                         |   |                            | 12,600   |   |   |   | (18,658 | ) |
| Income taxes payable                                                                     |   |                            | 13,147   |   |   |   | (2,339 | ) |
| Accrued payroll and related expenses                                                     |   |                            | 11,803   |   |   |   | (9,572 | ) |
| Accrued insurance expenses                                                               |   |                            | 838      |   |   |   | (380 | ) |
| Accrued state, local and other taxes                                                     |   |                            | 2,940    |   |   |   | 1,286 |   |
| Other accrued expenses                                                                   |   |                            | (47      | )      |   |   | (101 | ) |
| Changes in working capital                                                               |   |                            | (94,176  | )      |   |   | 60,927 |   |
| Changes in other assets and liabilities:                                                 |   |                            |     |   |   |   |   |   |
| Pension liabilities                                                                      |   |                            | 604      |   |   |   | 3,896 |   |
| Accrued insurance expenses                                                               |   |                            | (73      | )      |   |   | 25 |   |
| Other non-current assets                                                                 |   |                            | (604     | )      |   |   | (2,287 | ) |
| Other non-current liabilities                                                            |   |                            | 731      |   |   |   | (1,763 | ) |
| Net cash provided by operating activities                                                |   |                            | 92,630   |   |   |   | 144,708 |   |
|                                                                                     |   |                            |     |   |   |   |   |   |
| INVESTING ACTIVITIES                                                                     |   |                            |     |   |   |   |   |   |
| Capital expenditures                                                                     |   |                            | (106,106 | )      |   |   | (58,738 | ) |
| Proceeds from sale of assets                                                             |   |                            | 10,751   |   |   |   | 4,927 |   |
| Net cash used for investing activities                                                   |   |                            | (95,355  | )      |   |   | (53,811 | ) |
|                                                                                     |   |                            |     |   |   |   |   |   |
| FINANCING ACTIVITIES                                                                     |   |                            |     |   |   |   |   |   |
| Payment of dividends                                                                     |   |                            | (13,766  | )      |   |   | (17,627 | ) |
| Borrowings from notes payable to banks                                                   |   |                            | 382,200  |   |   |   | 209,700 |   |
| Repayments of notes payable to banks                                                     |   |                            | (364,200 | )      |   |   | (282,300 | ) |
| Debt issue costs for notes payable to banks                                              |   |                            | (1,886   | )      |   |   | (234 | ) |
| Excess tax benefits for share-based payments                                             |   |                            | 642      |   |   |   | 1,358 |   |
| Cash paid for common stock purchased and retired                                         |   |                            | (1,647   | )      |   |   | (1,628 | ) |
| Proceeds received upon exercise of stock options                                         |   |                            | 127      |   |   |   | 122 |   |
| Net cash provided by (used for) financing activities                                     |   |                            | 1,470    |   |   |   | (90,609 | ) |
|                                                                                     |   |                            |     |   |   |   |   |   |
| Net (decrease) increase in cash and cash equivalents                                     |   |                            | (1,255   | )      |   |   | 288 |   |
| Cash and cash equivalents at beginning of period                                         |   |                            | 4,489    |   |   |   | 3,037 |   |
| Cash and cash equivalents at end of period                                               |   | $                               | 3,234    |   |   | $      | 3,325 |   |

----

| 1. | GENERAL |
|----|---------|

----

| 2. | REVENUES |
|----|----------|

| 3. | RECENT ACCOUNTING PRONOUNCEMENTS |
|----|----------------------------------|

|   |  1. | the amounts of significant transfers in and out of Level 1 and Level 2 fair value measurements and the reasons for the transfer be disclosed separately and |
|--------|----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  2. | in the reconciliation for fair value measurements using significant unobservable inputs, a reporting entity should present separately information about purchases, sales, issuances and settlements. |
|--------|----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  3. | judgment in determining the appropriate classes of assets and liabilities when reporting fair value measurements for each class |
|--------|----------|---------------------------------------------------------------------------------------------------------------------------------|

----

|   |  4. | disclosures about valuation techniques and inputs used to measure fair value for both recurring and nonrecurring fair value measurements. |
|--------|----------|-------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | EARNINGS PER SHARE |
|----|--------------------|

----

|                                                        |   | Three months endedSeptember 30, |   |   | Nine months ended September 30, |   |
|-------------------------------------------------------------|--------|---------------------------------|--------|--------|--------------------------------------|--------|
| (In thousands except per share data )                       |   | 2010                            |   |   | 2009                                 |   |   | 2010 |   |   | 2009 |   |
| Net income (loss) available for stockholders:               |   | $                               | 46,269 |   |                                 | $      | (10,385 | ) |   | $ | 91,271 |   |   | $ | (17,543 | ) |
| Less:  Dividends paid                             |   |                            |   |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
|    Common stock                              |   |                            | (5,802 | )      |                                 |   | (3,941 | ) |   |   | (13,532 | ) |   |   | (17,263 | ) |
|    Restricted shares of common stock         |   |                            | (97    | )      |                                 |   | (76 | ) |   |   | (234 | ) |   |   | (364 | ) |
| Undistributed earnings (loss)                               |   | $                               | 40,370 |   |                                 | $      | (14,402 | ) |   | $ | 77,505 |   |   | $ | (35,170 | ) |
|                                                        |   |                            |   |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Allocation of undistributed earnings (loss):                |   |                            |   |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
|    Common stock                              |   | $                               | 39,540 |   |                                 | $      | (14,106 | ) |   | $ | 75,911 |   |   | $ | (34,446 | ) |
|    Restricted shares of common stock         |   |                            | 830    |   |                                 |   | (296 | ) |   |   | 1,594 |   |   |   | (724 | ) |
|                                                        |   |                            |   |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Basic shares outstanding:                                   |   |                            |   |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
|    Common stock                              |   |                            | 94,671 |   |                                 |   | 94,262 |   |   |   | 94,530 |   |   |   | 94,220 |   |
|    Restricted shares of common stock         |   |                            | 2,036  |   |                                 |   | 2,090 |   |   |   | 2,103 |   |   |   | 2,062 |   |
|                                                        |   |                            | 96,707 |   |                                 |   | 96,352 |   |   |   | 96,633 |   |   |   | 96,282 |   |
| Diluted shares outstanding:                                 |   |                            |   |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
|    Common stock                              |   |                            | 94,671 |   |                                 |   | 94,262 |   |   |   | 94,430 |   |   |   | 94,220 |   |
|    Dilutive effect of options                |   |                            | 1,131  |   |                                 |   | - |   |   |   | 1,008 |   |   |   | - |   |
|                                                        |   |                            | 95,802 |   |                                 |   | 94,262 |   |   |   | 95,538 |   |   |   | 94,220 |   |
|    Restricted shares of common stock         |   |                            | 2,036  |   |                                 |   | 2,090 |   |   |   | 2,103 |   |   |   | 2,062 |   |
|                                                        |   |                            | 97,838 |   |                                 |   | 96,352 |   |   |   | 97,641 |   |   |   | 96,282 |   |
| Basic earnings (loss) per share:                            |   |                            |   |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
|   Common stock:                                   |   |                            |   |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
|      Distributed earnings          |   | $                               | 0.06   |   |                                 | $      | 0.04 |   |   | $ | 0.14 |   |   | $ | 0.18 |   |
|      Undistributed earnings (loss) |   |                            | 0.42   |   |                                 |   | (0.15 | ) |   |   | 0.80 |   |   |   | (0.36 | ) |
|                                                        |   | $                               | 0.48   |   |                                 | $      | (0.11 | ) |   | $ | 0.94 |   |   | $ | (0.18 | ) |
|   Restricted shares of common stock:              |   |                            |   |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
|      Distributed earnings          |   | $                               | 0.05   |   |                                 | $      | 0.04 |   |   | $ | 0.11 |   |   | $ | 0.18 |   |
|      Undistributed earnings (loss) |   |                            | 0.41   |   |                                 |   | (0.14 | ) |   |   | 0.76 |   |   |   | (0.35 | ) |
|                                                        |   | $                               | 0.46   |   |                                 | $      | (0.10 | ) |   | $ | 0.87 |   |   | $ | (0.17 | ) |
| Diluted earnings (loss) per share:                          |   |                            |   |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
|   Common Stock:                                   |   |                            |   |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
|      Distributed earnings          |   | $                               | 0.06   |   |                                 | $      | 0.04 |   |   | $ | 0.14 |   |   | $ | 0.18 |   |
|      Undistributed earnings (loss) |   |                            | 0.41   |   |                                 |   | (0.15 | ) |   |   | 0.79 |   |   |   | (0.36 | ) |
|                                                        |   | $                               | 0.47   |   |                                 | $      | (0.11 | ) |   | $ | 0.93 |   |   | $ | (0.18 | ) |

----

| 5. |  COMPREHENSIVE INCOME |
|----|----------------------------|

|                                                  |   | Three months endedSeptember 30, |   |   | Nine months endedSeptember 30, |   |
|-------------------------------------------------------|--------|---------------------------------|--------|--------|--------------------------------|--------|
| (In thousands)                                        |   | 2010                            |   |   | 2009                           |   |   | 2010 |   |   | 2009 |   |
| Net income (loss) as reported                         |   | $                               | 46,269 |   |                           | $      | (10,385 | ) |   | $ | 91,271 |   |   | $ | (17,543 | ) |
| Pension adjustment, net of taxes                      |   |                            | 65     |   |                           |   | 244 |   |   |   | 91 |   |   |   | 798 |   |
| Change in value of cash flow hedge, net of taxes |   |                            | 35     |   |                           |   | (161 | ) |   |   | (8 | ) |   |   | (32 | ) |
| Foreign currency translation, net of taxes            |   |                            | 119    |   |                           |   | 186 |   |   |   | 60 |   |   |   | 183 |   |
| Unrealized gain on securities, net of taxes           |   |                            | 60     |   |                           |   | 87 |   |   |   | 232 |   |   |   | 83 |   |
| Comprehensive income (loss)                           |   | $                               | 46,548 |   |                           | $      | (10,029 | ) |   | $ | 91,646 |   |   | $ | (16,511 | ) |

| 6. |  STOCK-BASED COMPENSATION |
|----|--------------------------------|

|              |   | Three months ended |   |   | Nine months ended |   |
|-------------------|--------|--------------------|--------|--------|-------------------|--------|
|              |   | September 30,      |   |   | September 30,     |   |
| (in thousands)    |   | 2010               |   |   | 2009              |   |   | 2010 |   |   | 2009 |   |
|              |   |               |   |   |              |   |   |   |   |   |   |   |
| Pre-tax expense   |   | $                  | 1,220  |   |              | $      | 1,051 |   |   | $ | 3,862 |   |   | $ | 3,139 |   |
|              |   |               |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| After tax expense |   |               | 774    |   |              |   | 667 |   |   |   | 2,452 |   |   |   | 1,993 |   |

----

|                                              |   |   |    |   |                           |   |   |                                       |   |       |                      |   |
|---------------------------------------------------|--------|--------|---------|--------|--------------------------------|--------|--------|--------------------------------------------|--------|------------|---------------------------|--------|
|                                              |   | Shares |    |   | Weighted AverageExercise Price |   |   | Weighted Average Remaining ContractualLife |   |       | Aggregate Intrinsic Value |   |
| Outstanding at January 1, 2010                    |   |   | 860,728 |   |                           | $      | 3.39   |                                       |   | 2.25 years |                      |   |   |   |   |
| Granted                                           |   |   | -       |   |                           |   | -      |                                       |   |       | N/A                       |   |   |   |   |   |
| Exercised                                         |   |   | (72,879 | )      |                           |   | 3.30   |                                       |   |       | N/A                       |   |   |   |   |   |
| Forfeited                                         |   |   | -       |   |                           |   | -      |                                       |   |       | N/A                       |   |   |   |   |   |
| Expired                                           |   |   | -       |   |                           |   | -      |                                       |   |       | N/A                       |   |   |   |   |   |
| Outstanding and exercisable at September 30, 2010 |   |   | 787,849 |   |                           | $      | 3.40   |                                       |   | 1.75 years |                      |   | $ | 13,992,000 |   |

|                                    |   | Shares |      |   | Weighted AverageGrant-Date FairValue |   |
|-----------------------------------------|--------|--------|-----------|--------|--------------------------------------|--------|
| Non-vested shares at January 1, 2010    |   |   | 1,982,116 |   |                                 | $      | 10.88 |   |
| Granted                                 |   |   | 566,000   |   |                                 |   | 12.31 |   |
| Vested                                  |   |   | (419,955  | )      |                                 |   | 9.87 |   |
| Forfeited                               |   |   | (96,951   | )      |                                 |   | 11.03 |   |
| Non-vested shares at September 30, 2010 |   |   | 2,031,210 |   |                                 | $      | 11.26 |   |

----

| 7. | BUSINESS SEGMENT INFORMATION |
|----|------------------------------|

----

|                                      |   | Three months ended September 30, |    |   | Nine months ended September 30, |   |
|-------------------------------------------|--------|----------------------------------|---------|--------|---------------------------------|--------|
|                                      |   | 2010                             |    |   | 2009                            |   |   | 2010 |   |   | 2009 |   |
| (in thousands)                            |   |                             |    |   |                            |   |   |   |   |   |   |   |
|                                      |   |                             |    |   |                            |   |   |   |   |   |   |   |
| Revenues:                                 |   |                             |    |   |                            |   |   |   |   |   |   |   |
| Technical Services                        |   | $                                | 268,049 |   |                            | $      | 116,326 |   |   | $ | 684,990 |   |   | $ | 377,393 |   |
| Support Services                          |   |                             | 34,151  |   |                            |   | 15,833 |   |   |   | 83,250 |   |   |   | 58,055 |   |
| Total revenues                            |   | $                                | 302,200 |   |                            | $      | 132,159 |   |   | $ | 768,240 |   |   | $ | 435,448 |   |
| Operating profit (loss):                  |   |                             |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Technical Services                        |   | $                                | 65,225  |   |                            | $      | (9,540 | ) |   | $ | 136,527 |   |   | $ | (18,604 | ) |
| Support Services                          |   |                             | 12,015  |   |                            |   | (1,770 | ) |   |   | 20,564 |   |   |   | 320 |   |
| Corporate                                 |   |                             | (3,755  | )      |                            |   | (3,105 | ) |   |   | (9,618 | ) |   |   | (9,266 | ) |
| Gain (loss) on disposition of assets, net |   |                             | 905     |   |                            |   | (492 | ) |   |   | 1,574 |   |   |   | 1,542 |   |
| Total operating profit (loss)             |   | $                                | 74,390  |   |                            | $      | (14,907 | ) |   | $ | 149,047 |   |   | $ | (26,008 | ) |
| Interest expense                          |   |                             | (707    | )      |                            |   | (533 | ) |   |   | (1,750 | ) |   |   | (1,654 | ) |
| Interest income                           |   |                             | 14      |   |                            |   | 41 |   |   |   | 46 |   |   |   | 126 |   |
| Other income, net                         |   |                             | 441     |   |                            |   | 602 |   |   |   | 556 |   |   |   | 1,353 |   |
| Income (loss) before income taxes         |   | $                                | 74,138  |   |                            | $      | (14,797 | ) |   | $ | 147,899 |   |   | $ | (26,183 | ) |

|  Nine months ended September 30, 2010 |   | Technical Services |    |   | SupportServices |   |    | Corporate |   |   | Total  |   |
|--------------------------------------------|--------|--------------------|---------|--------|-----------------|--------|---------|-----------|--------|--------|--------|--------|
|  (in thousands)                       |   |               |    |   |            |   |    |      |   |   |   |   |
|                                       |   |               |    |   |            |   |    |      |   |   |   |   |
| Identifiable assets at September 30, 2010  |   | $                  | 611,724 |   |            | $      | 155,921 |      |   | $      | 35,220 |   |   | $ | 802,865 |   |
|                                       |   |               |    |   |            |   |    |      |   |   |   |   |   |   |   |   |
| Capital expenditures                       |   |               | 88,228  |   |            |   | 17,025  |      |   |   | 853    |   |   |   | 106,106 |   |
|                                       |   |               |    |   |            |   |    |      |   |   |   |   |   |   |   |   |
| Depreciation and amortization              |   |               | 78,397  |   |            |   | 20,181  |      |   |   | 158    |   |   |   | 98,736 |   |

| 8. | INVENTORIES |
|----|-------------|

----

| 9. | EMPLOYEE BENEFIT PLAN |
|----|-----------------------|

|                           |   | Three months endedSeptember 30, |   |   | Nine months endedSeptember 30, |   |
|--------------------------------|--------|---------------------------------|--------|--------|--------------------------------|--------|
| (in thousands)                 |   | 2010                            |   |   | 2009                           |   |   | 2010 |   |   | 2009 |   |
|                           |   |                            |   |   |                           |   |   |   |   |   |   |   |
| Service cost                   |   | $                               | -      |   |                           | $      | - |   |   | $ | - |   |   | $ | - |   |
| Interest cost                  |   |                            | 474    |   |                           |   | 485 |   |   |   | 1,420 |   |   |   | 1,454 |   |
| Expected return on plan assets |   |                            | (423   | )      |                           |   | (381 | ) |   |   | (1,267 | ) |   |   | (1,141 | ) |
| Amortization of net losses     |   |                            | 102    |   |                           |   | 384 |   |   |   | 306 |   |   |   | 1,153 |   |
| Net periodic benefit cost      |   | $                               | 153    |   |                           | $      | 488 |   |   | $ | 459 |   |   | $ | 1,466 |   |

| 10. | NOTES PAYABLE TO BANKS |
|-----|------------------------|

----

----

|                             |   | Three months ended |   |   | Nine months ended |   |
|----------------------------------|--------|--------------------|--------|--------|-------------------|--------|
|                             |   | September 30,      |   |   | September 30,     |   |
|                             |   | 2010               |   |   | 2009              |   |   | 2010 |   |   | 2009 |   |
|                             |   |               |   |   |              |   |   |   |   |   |   |   |
| Interest incurred (in thousands) |   | $                  | 977    |   |              | $      | 550 |   |   | $ | 2,099 |   |   | $ | 1,805 |   |
|                             |   |               |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average interest rate   |   |               | 3.8    | %      |              |   | 1.90 | % |   |   | 2.6 | % |   |   | 1.80 | % |

| 11. | INCOME TAXES |
|-----|--------------|

| 12. | SUPPLEMENTAL CASH FLOWS INFORMATION |
|-----|-------------------------------------|

----

| 13. | FAIR VALUE DISCLOSURES |
|-----|------------------------|

| 1. | Level 1 – Quoted market prices in active markets for identical assets or liabilities. |
|----|---------------------------------------------------------------------------------------------|

| 2. | Level 2 – Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.  | Level 3 – Unobservable inputs developed using the Company’s estimates and assumptions, which reflect those that market participants would use. |
|----------|------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                 |   | Fair value measurements at September 30, 2010 with: |   |
|--------------------------------------|--------|-----------------------------------------------------|--------|
| (in thousands)                       |   | Quoted prices inactive markets for identical assets |   |   | Significant otherobservable inputs |   |   | Significant unobservable inputs |   |
|                                 |   | (Level 1)                                           |   |   | (Level 2) |   |   | (Level 3) |   |
| Assets:                              |   |                                                |   |   |   |   |   |   |   |
| Trading securities                   |   | $                                                   | -      |   |   | $ | 8,019 |   |   | $ | - |   |
| Available for sale securities        |   |                                                | 1,018  |   |   |   | - |   |   |   | - |   |
| Liabilities:                         |   |                                                |   |   |   |   |   |   |   |   |   |   |
|    Interest rate swap |   | $                                                   | -      |   |   | $ | 833 |   |   | $ | - |   |

|                                 |   | Fair value measurements at December 31, 2009 with: |   |
|--------------------------------------|--------|----------------------------------------------------|--------|
| (in thousands)                       |   | Quoted prices inactive markets foridentical assets |   |   | Significant otherobservable inputs |   |   | Significant unobservable inputs |   |
|                                 |   | (Level 1)                                          |   |   | (Level 2) |   |   | (Level 3) |   |
| Assets:                              |   |                                               |   |   |   |   |   |   |   |
| Trading securities                   |   | $                                                  | -      |   |   | $ | 6,905 |   |   | $ | - |   |
| Available for sale securities        |   |                                               | 653    |   |   |   | - |   |   |   | - |   |
| Liabilities:                         |   |                                               |   |   |   |   |   |   |   |   |   |   |
|    Interest rate swap |   | $                                                  | -      |   |   | $ | 820 |   |   | $ | - |   |

----

----

| ITEM 2.  | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
|---------------|---------------------------------------------------------------------------------------------|

----

----

|                                                                        |   | Three months ended September 30, |    |   | Nine months endedSeptember 30, |   |
|-----------------------------------------------------------------------------|--------|---------------------------------------|---------|--------|--------------------------------|--------|
|                                                                        |   | 2010                                  |    |   | 2009                           |   |   | 2010 |   |   | 2009 |   |
|                                                                        |   |                                  |    |   |                           |   |   |   |   |   |   |   |
|  Consolidated revenues [in thousands]                                  |   | $                                     | 302,200 |   |                           | $      | 132,159 |   |   | $ | 768,240 |   |   | $ | 435,448 |   |
|  Revenues by business segment [in thousands]:                          |   |                                  |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Technical                                                                   |   | $                                     | 268,049 |   |                           | $      | 116,326 |   |   | $ | 684,990 |   |   | $ | 377,393 |   |
| Support                                                                     |   |                                  | 34,151  |   |                           |   | 15,833 |   |   |   | 83,250 |   |   |   | 58,055 |   |
|                                                                        |   |                                  |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
|  Consolidated operating profit (loss) [in thousands]                   |   | $                                     | 74,390  |   |                           | $      | (14,907 | ) |   | $ | 149,047 |   |   | $ | (26,008 | ) |
|                                                                        |   |                                  |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
|  Operating profit (loss) by business segment [in thousands]:           |   |                                  |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
| Technical                                                                   |   | $                                     | 65,225  |   |                           | $      | (9,540 | ) |   | $ | 136,527 |   |   | $ | (18,604 | ) |
| Support                                                                     |   |                                  | 12,015  |   |                           |   | (1,770 | ) |   |   | 20,564 |   |   |   | 320 |   |
| Corporate                                                                   |   |                                  | (3,755  | )      |                           |   | (3,105 | ) |   |   | (9,618 | ) |   |   | (9,266 | ) |
| Gain (loss) on disposition of assets, net                                   |   |                                  | 905     |   |                           |   | (492 | ) |   |   | 1,574 |   |   |   | 1,542 |   |
|                                                                        |   |                                  |    |   |                           |   |   |   |   |   |   |   |   |   |   |   |
|  Percentage cost of revenues to revenues                               |   |                                  | 53.8    | %      |                           |   | 68.4 | % |   |   | 56.2 | % |   |   | 66.9 | % |
|  Percentage selling, general & administrative expenses to revenues |   |                                  | 11.0    | %      |                           |   | 17.3 | % |   |   | 11.8 | % |   |   | 17.0 | % |
|  Percentage depreciation and amortization expense to revenues          |   |                                  | 11.0    | %      |                           |   | 25.2 | % |   |   | 12.9 | % |   |   | 22.4 | % |
|  Average U.S. domestic rig count                                       |   |                                  | 1,618   |   |                           |   | 970 |   |   |   | 1,486 |   |   |   | 1,083 |   |
|  Average natural gas price (per thousand cubic feet (mcf))             |   | $                                     | 4.30    |   |                           | $      | 3.13 |   |   | $ | 4.31 |   |   | $ | 3.78 |   |
|  Average oil price (per barrel)                                        |   | $                                     | 75.89   |   |                           | $      | 68.15 |   |   | $ | 78.52 |   |   | $ | 57.28 |   |

----

----

----

----

----

|                                                 |   | Nine months ended September 30, |    |
|------------------------------------------------------|--------|---------------------------------|---------|
| (In thousands)                                       |   | 2010                            |    |   | 2009 |   |
|                                                 |   |                            |    |   |   |   |
| Net cash provided by operating activities            |   | $                               | 92,630  |   |   | $ | 144,708 |   |
| Net cash used for investing activities               |   |                            | (95,355 | ) |   |   | (53,811 | ) |
| Net cash provided by (used for) financing activities |   |                            | 1,470   |   |   |   | (90,609 | ) |

----

----

----

----

----

----

| ITEM 3. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK |
|---------|------------------------------------------------------------|

----

| ITEM 4. | CONTROLS AND PROCEDURES |
|---------|-------------------------|

----

|                                                            |   |                                      |   |   |                                  |   |   |                                                                                    |   |   |                                                                                                                    |   |
|-----------------------------------------------------------------|--------|-------------------------------------------|--------|--------|---------------------------------------|--------|--------|-----------------------------------------------------------------------------------------|--------|--------|-------------------------------------------------------------------------------------------------------------------------|--------|
|     Period                                       |   | Total Number ofShares (or Units)Purchased |   |   | Average Price PaidPer Share (or Unit) |   |   | Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs |   |   | Maximum Number (orApproximate Dollar Value) ofShares (or Units) that May YetBe Purchased Under the Plansor Programs (1) |   |
|     Month #1                                |   |                                      |   |   |                                  |   |   |                                                                                    |   |   |                                                                                                                    |   |
|     Julyl 1, 2010 to July 31, 2010          |   |                                      | 704    | (2)    |                                  | $      | 16.16  |                                                                                    |   |   | -                                                                                                                       |   |   |   | 2,807,265 |   |
|                                                            |   |                                      |   |   |                                  |   |   |                                                                                    |   |   |                                                                                                                    |   |   |   |   |   |
|     Month #2                                |   |                                      |   |   |                                  |   |   |                                                                                    |   |   |                                                                                                                    |   |   |   |   |   |
|     August 1, 2010 to August 31, 2010       |   |                                      | 231    | (2)    |                                  |   | 17.41  |                                                                                    |   |   | -                                                                                                                       |   |   |   | 2,807,265 |   |
|                                                            |   |                                      |   |   |                                  |   |   |                                                                                    |   |   |                                                                                                                    |   |   |   |   |   |
|     Month #3                                |   |                                      |   |   |                                  |   |   |                                                                                    |   |   |                                                                                                                    |   |   |   |   |   |
|     September 1, 2010 to September 30, 2010 |   |                                      | 3,765  | (2)    |                                  |   | 20.44  |                                                                                    |   |   | -                                                                                                                       |   |   |   | 2,807,265 |   |
|                                                            |   |                                      |   |   |                                  |   |   |                                                                                    |   |   |                                                                                                                    |   |   |   |   |   |
|                                             | Totals |                                      |   | 4,700  |                                  |   | $      | 19.65                                                                                   |   |   |                                                                                                                    | -      |   |   |   | 2,807,265 |    |

|   |   |                                                                                                                                                                                                                            |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | (1)    | The Company’s Board of Directors announced a stock buyback program in March 1998 authorizing the repurchase of 11,812,500 shares in the open market. Currently the program does not have a predetermined expiration date. |
|   |   |                                                                                                                                                                                                                            |
|   | (2)    | Consists of shares repurchased by the Company in connection with option exercises and taxes related to vesting of restricted shares.                                                                                            |
|   |   |                                                                                                                                                                                                                            |

----

----

| Exhibit Number |   | Description                                                                                                                                                                                                                                                                              |
|----------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.1(a)         |   | Restated certificate of incorporation of RPC, Inc. (incorporated herein by reference to Exhibit 3.1 to the Annual Report on Form 10-K for the fiscal year ended December 31, 1999).                                                                                                      |
|           |   |                                                                                                                                                                                                                                                                                     |
| 3.1(b)         |   | Certificate of amendment of the certificate of incorporation of RPC, Inc. (incorporated by reference to Exhibit 3.1(b) to Registrant’s Quarterly Report on Form 10-Q filed on May 8, 2006).                                                                                        |
| 3.2            |   | Amended and Restated Bylaws of RPC, Inc. (incorporated herein by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed on October 25, 2007).                                                                                                               |
| 4              |   | Form of Stock Certificate (incorporated herein by reference to Exhibit 4 to the Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 1998).                                                                                                              |
|           |   |                                                                                                                                                                                                                                                                                     |
| 10.1           |   | Credit Agreement dated August 31, 2010 between RPC, Inc., Bank of America, N.A., SunTrust Bank, Regions Bank and certain other lenders party thereto (incorporated herein by reference to Exhibit 99.1 to the Registrant’s Current Report on Form 8-K filed on September 7, 2010). |
|           |   |                                                                                                                                                                                                                                                                                |
| 31.1           |   | Section 302 certification for Chief Executive Officer.                                                                                                                                                                                                                                   |
|           |   |                                                                                                                                                                                                                                                                                     |
| 31.2           |   | Section 302 certification for Chief Financial Officer.                                                                                                                                                                                                                                   |
|           |   |                                                                                                                                                                                                                                                                                     |
| 32.1           |   | Section 906 certifications for Chief Executive Officer and Chief Financial Officer.                                                                                                                                                                                                      |
|           |   |                                                                                                                                                                                                                                                                                     |

----

|                                    |   | RPC, INC.                                    |   |
|-----------------------------------------|--------|----------------------------------------------|--------|
|                                    |   |                                         |   |
|                                    |   |  /s/ Richard A. Hubbell                 |   |
| Date:  November 4, 2010  |   | Richard A. Hubbell                           |   |
|                                    |   | President and Chief Executive Officer        |
|                                    |   | (Principal Executive Officer)                |
|                                    |   |                                         |   |
|                                    |   |  /s/ Ben M. Palmer                      |   |
| Date:  November 4, 2010       |   | Ben M. Palmer                                |   |
|                                    |   | Vice President and Chief Financial Officer   |
|                                    |   | (Principal Financial and Accounting Officer) |