EXHIBIT 11
ESTERLINE TECHNOLOGIES CORPORATION
Computation of Basic and Diluted Earnings Per Common Share
For the Three and Nine Month Periods Ended July 29, 2005 and July 30, 2004
(Unaudited)
(In thousands, except per share amounts)
Three Months Ended Nine Months Ended
---------------------------- ----------------------------
July 29, July 30, July 29, July 30,
2005 2004 2005 2004
---------- ---------- ---------- ----------
(Restated) (Restated) (Restated) (Restated)
Net Sales $ 209,873 $ 147,424 $ 611,257 $ 423,264
Gross Margin 65,693 45,862 192,331 133,038
Income From Continuing Operations 11,859 5,336 35,668 14,994
Income From Discontinued
Operations, Net of Tax 3 576 6,968 1,710
---------- ---------- ---------- ----------
Net Earnings $ 11,862 $ 5,912 $ 42,636 $ 16,704
========== ========== ========== ==========
Basic
Weighted Average Number of
Shares Outstanding 25,237 21,202 24,797 21,156
========== ========== ========== ==========
Earnings Per Share - Basic
Continuing operations $ .47 $ .25 $ 1.44 $ .71
Discontinued operations -- .03 .28 .08
---------- ---------- ---------- ----------
Earnings per share - basic $ .47 $ .28 $ 1.72 $ .79
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1
ESTERLINE TECHNOLOGIES CORPORATION
Computation of Basic and Diluted Earnings Per Common Share
For the Three and Nine Month Periods Ended July 29, 2005 and July 30, 2004
(Unaudited)
(In thousands, except per share amounts)
Three Months Ended Nine Months Ended
---------------------------- ----------------------------
July 29, July 30, July 29, July 30,
2005 2004 2005 2004
---------- ---------- ---------- ----------
(Restated) (Restated) (Restated) (Restated)
Diluted
Weighted Average Number of
Shares Outstanding 25,237 21,202 24,797 21,156
Net Shares Assumed to be Issued
for Stock Options 382 333 378 333
------ ------ ------ ------
Weighted Average Number of Shares
and Equivalent Shares
Outstanding - Diluted 25,619 21,535 25,175 21,489
====== ====== ====== ======
Earnings Per Share - Diluted
Continuing operations $ .46 $ .25 $ 1.42 $ .70
Discontinued operations -- .02 .27 .08
------ ------ ------ ------
Earnings per share - diluted $ .46 $ .27 $ 1.69 $ .78
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2