Exhibit 11 KSW, INC. STATEMENT REGARDING COMPUTATION OF NET EARNINGS (LOSS) PER SHARE Year Ended Year Ended Year Ended December 31, 2005 December 31, 2004 December 31, 2003 Net earnings (loss) $ 2,711,000 $ (1,280,000) $ 815,000 ============ ============= ============ Earnings (loss) per share - basic: Weighted average shares outstanding during the year 5,470,311 5,470,311 5,470,311 ============ ============= ============ Earnings (loss) per common share - basic $ .50 $ (.24) $ .15 ============ ============= ============ Earnings (loss) per share - diluted: Weighted average shares outstanding during the year 5,470,311 5,470,311 5,470,311 Effect of stock option dilution - - - ------------ ------------- ------------ Total shares outstanding for purposes of calculating diluted earnings per share 5,470,311 5,470,311 5,470,311 ============ ============= ============ Earnings (loss) per common shares and common share equivalent - diluted $ .50 $ (.24) $ .15 ============ ============= ============