1
Exhibit 11
Page 1
ESTERLINE TECHNOLOGIES CORPORATION
Computation of Primary Earnings Per Common Share
(in thousands, except per share amounts)
1993 1992 1991 1990 1989
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Earnings Before
Extraordinary Item $(25,635) $5,094 $7,315 $7,058 $7,869
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Extraordinary Item --- --- --- --- 723
-------- ------ ------ ------ ------
Net Earnings $(25,635) $5,094 $7,315 $7,058 $8,592
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Average Number of Common
Shares Outstanding 6,512 6,506 6,502 6,501 8,296
Net Shares Assumed to be
Issued for Stock Options 67 161 41 34 68
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Total 6,579 6,667 6,543 6,535 8,364
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Earnings Per Common Share -
Primary Basis
Before Extraordinary Item $ (3.90) $ .76 $ 1.12 $ 1.08 $ .94
Extraordinary Item --- --- --- --- .09
-------- ------ ------ ------ ------
Total $ (3.90) $ .76 $ 1.12 $ 1.08 1.03
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Exhibit 11
Page 2
ESTERLINE TECHNOLOGIES CORPORATION
Computation of Fully Diluted Earnings Per Common Share
(in thousands, except per share amounts)
1993 1992 1991 1990 1989
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Earnings Before Interest on
Convertible Debentures
and Extraordinary Item $(25,635) $5,094 $7,315 $7,058 $7,869
Interest on Convertible
Debentures Net of Federal
Income Tax 1,073 1,089 1,089 1,089 1,089
-------- ------ ------ ------ ------
Earnings Before
Extraordinary Item (24,562) 6,183 8,404 8,147 8,958
Extraordinary Item --- --- --- --- 723
-------- ------ ------ ------ ------
Net Earnings on a Fully
Diluted Basis $(24,562) $6,183 $8,404 $8,147 $9,681
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Average Number of Common
Shares Outstanding 6,512 6,506 6,502 6,501 8,296
Shares Assumed to be
Issued on Conversion of
Convertible Debentures 504 504 504 504 504
Net Shares Assumed to
be Issued for Stock Options 67 161 180 34 90
-------- ------ ------ ------ ------
Total Common Shares on a
Fully Diluted Basis 7,083 7,171 7,186 7,039 8,890
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Earnings Per Common Share -
Fully Diluted Basis
Before Extraordinary Item $ (3.47) $ .86 $ 1.17 $ 1.16 $ 1.01
Extraordinary Item --- --- --- --- .08
-------- ------ ------ ------ ------
Total $ (3.47) $ .86 $ 1.17 $ 1.16 $ 1.09
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Earnings Per Common Share -
Primary Basis $ (3.90) $ .76 $ 1.12 $ 1.08 $ 1.03
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Dilutive Effect Per Common Share None None None None None
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