P & F INDUSTRIES, INC. AND SUBSIDIARIES
EXHIBIT 11
SCHEDULE OF COMPUTATION OF EARNINGS PER COMMON SHARE
THREE MONTHS ENDED MARCH 31, 1997
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FULLY
PRIMARY DILUTED
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Net income......................................................... $ 361 474 $ 361 474
Dividends on preferred stock....................................... (21 857) (21 857)
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Net income for earnings per common share........................... $ 339 617 $ 339 617
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Weighted average number of common shares outstanding during the
year............................................................. 2 956 102 2 956 102
Common share equivalents--shares issuable upon exercise of stock
options.......................................................... 517 935 527 224
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Weighted average number of common shares and common share
equivalents used in calculation of earnings per common share..... 3 474 037 3 483 326
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Earnings per common share $.10 $.10
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P & F INDUSTRIES, INC. AND SUBSIDIARIES
EXHIBIT 11
(CONTINUED)
SCHEDULE OF COMPUTATION OF EARNINGS PER COMMON SHARE
THREE MONTHS ENDED MARCH 31, 1996
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FULLY
PRIMARY DILUTED
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Net income......................................................... $ 350 293 $ 350 293
Dividends on preferred stock....................................... (65 836) (65 836)
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284 457 284 457
Addback to net income of decrease in interest expense resulting
from assumed use of proceeds from exercise of options to reduce
outstanding debt................................................. 450 --
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Net income for earnings per common share........................... $ 284 907 $ 284 457
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Weighted average number of common shares outstanding during the
year............................................................. 2 929 991 2 929 991
Common share equivalents--shares issuable upon exercise of stock
options.......................................................... 230 372 298 961
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Weighted average number of common shares and common share
equivalents used in calculation of earnings per common share..... 3 160 363 3 228 952
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Earnings per common share $.09 $.09
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