EXHIBIT 11 KSW, INC. STATEMENT REGARDING COMPUTATION OF NET EARNINGS (LOSS) PER SHARE SIX MONTHS SIX MONTHS SIX MONTHS SIX MONTHS ENDED ENDED ENDED ENDED 6/30/98 6/30/97 6/30/98 6/30/97 -------------- -------------- ------------- ------------ NET EARNINGS/(LOSS) $ (656,000) $ 514,000 $ (325,000) $ 14,000 ============== ============= ============= ============ EARNINGS/(LOSS) PER SHARE - PRIMARY Weighted Average Shares outstanding during the period 5,458,366 5,542,978 5,458,366 5,542,978 ============== ============= ============= ============ Earnings/(Loss) per Common Share Primary ($.12) $ .09 ($.06) $ 0 ============== ============= ============= ============ EARNINGS/(LOSS) PER SHARE - DILUTED Weighted Average Shares outstanding during the period 5,458,366 5,542,978 5,458,366 5,542,978 Common and Common Stock equivalent shares using the treasury stock method 283,182 192,192 242,912 194,091 -------------- ------------- ------------- ------------ Total Shares Outstanding for purposes of calculating diluted earnings/(loss) 5,741,548 5,735,170 5,701,278 5,737,069 ============== ============= ============= ============ Earnings/(Loss) per Common and Common Equivalent Share - Diluted ($.12) $.09 ($.06) $0 ============== ============= ============= ============