Exhibit 11
BTU INTERNATIONAL, INC.
CALCULATION OF NET INCOME PER COMMON SHARE
(Dollars in Thousands, except per share data)
FOR THE YEAR ENDED DECEMBER 31,
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2001 2000 1999
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Net (loss) income $ (3,747) $ 5,422 $ 2,838
Net (loss) income applicable to
common stockholders $ (3,747) $ 5,422 $ 2,838
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Weighted average number of shares outstanding
Basic Shares 6,928,054 6,875,793 6,798,735
Effect of Dilutive Options 0 402,107 168,952
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Diluted Shares 6,928,054 7,277,900 6,967,687
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Earnings Per Share
Basic $ (0.54) $ 0.79 $0.42
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Diluted $ (0.54) $ 0.74 $0.41
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