Exhibit 11
P & F INDUSTRIES, INC. AND SUBSIDIARIES
EXHIBIT 11
SCHEDULE OF COMPUTATION OF EARNINGS PER COMMON SHARE
QUARTER ENDED JUNE 30, 1997
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FULLY
PRIMARY DILUTED
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Net income $ 487 038 $ 487 038
Dividends on preferred stock -- --
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Net income for earnings per
common share $ 487 038 $ 487 038
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Weighted average number of common
shares outstanding during the year 2 979 991 2 979 991
Common share equivalents - shares
issuable upon exercise of stock
options 492 206 492 206
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Weighted average number of common
shares and common share equivalents
used in calculation of earnings
per common share 3 472 197 3 472 197
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Earnings per common share $ .14 $ .14
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P & F INDUSTRIES, INC. AND SUBSIDIARIES
EXHIBIT 11
(CONTINUED)
SCHEDULE OF COMPUTATION OF EARNINGS PER COMMON SHARE
QUARTER ENDED JUNE 30, 1996
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FULLY
PRIMARY DILUTED
------- -------
Net income $ 355 796 $ 355 796
Dividends on preferred stock (65 837) (65 837)
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Net income for earnings per
common share $ 289 959 $ 289 959
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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 285 893 338 424
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Weighted average number of common
shares and common share equivalents
used in calculation of earnings
per common share 3 215 884 3 268 415
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Earnings per common share $ .09 $ .09
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P & F INDUSTRIES, INC. AND SUBSIDIARIES
EXHIBIT 11
(CONTINUED)
SCHEDULE OF COMPUTATION OF EARNINGS PER COMMON SHARE
SIX MONTHS ENDED JUNE 30, 1997
====================================================
FULLY
PRIMARY DILUTED
------- -------
Net income $ 848 512 $ 848 512
Dividends on preferred stock (21 857) (21 857)
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Net income for earnings per
common share $ 826 655 $ 826 655
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Weighted average number of common
shares outstanding during the year 2 968 113 2 968 113
Common share equivalents - shares
issuable upon exercise of stock
options 505 070 505 070
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Weighted average number of common
shares and common share equivalents
used in calculation of earnings
per common share 3 473 183 3 473 183
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Earnings per common share $ .24 $ .24
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P & F INDUSTRIES, INC. AND SUBSIDIARIES
EXHIBIT 11
(CONTINUED)
SCHEDULE OF COMPUTATION OF EARNINGS PER COMMON SHARE
SIX MONTHS ENDED JUNE 30, 1996
====================================================
FULLY
PRIMARY DILUTED
------- -------
Net income $ 706 089 $ 706 089
Dividends on preferred stock (131 673) (131 673)
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574 416 574 416
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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 $ 574 866 $ 574 866
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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 258 133 339 380
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Weighted average number of common
shares and common share equivalents
used in calculation of earnings
per common share 3 188 124 3 269 371
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Earnings per common share $ .18 $ .18
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