Exhibit 11 THERMO TERRATECH INC. Computation of Earnings per Share Year Ended ----------------------------- March 30, 1996 April 1, 1995 -------------- ------------- Computation of Primary Earnings per Share: Net income (a) $ 3,218,000 $ 4,115,000 ----------- ----------- Shares: Weighted average shares outstanding 17,419,826 17,142,815 Add: Shares issuable from assumed exercise of options (as determined by the application of the treasury stock method) 817,544 - ----------- ----------- Weighted average shares outstanding, as adjusted (b) 18,237,370 17,142,815 ----------- ----------- Primary Earnings per Share (a) / (b) $ .18 $ .24 =========== ===========