EXHIBIT 11 KSW, INC. STATEMENT REGARDING COMPUTATION OF NET EARNINGS (LOSS) PER SHARE Six Months Six Months Three Months Three Months Ended 6/30/02 Ended 6/30/01 Ended 6/30/02 Ended 6/30/01 ------------- ------------- ------------- ------------- Net earnings (loss) $(1,694,000) $(1,907,000) $ 146,000 $(1,091,000) =========== =========== =========== =========== Earnings (Loss) Per Share - Primary - ----------------------------------- Weighted average shares outstanding during the period 5,470,311 5,470,311 5,470,311 5,470,311 =========== =========== =========== =========== Earnings (loss) per common share - -Primary $ (.31) $ (.35) $ .03 $ (.20) =========== =========== =========== =========== Earning (Loss) Per Share - Diluted - ---------------------------------- Weighted average shares outstanding during the period 5,470,311 5,470,311 5,470,311 5,470,311 Common and Common Stock equivalent shares using the treasury stock method 0 0 0 0 ----------- ----------- ----------- ----------- Total shares outstanding for purposes of calculating diluted earnings 5,470,311 5,470,311 5,470,311 5,470,311 =========== =========== =========== =========== Earnings (loss) per common and common Equivalent share - Diluted $ (.31) $ (.35) $ .03 $ (.20) =========== =========== =========== ===========