1 Exhibit 11.0 BTU INTERNATIONAL , INC. CALCULATION OF NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE (Dollars in thousands, except share and per share data) For the Three Months Ended -------------------------- March 29, March 30, 1998 1997 - -------------------------------------------------------------------------------- Net income $ 126 $ (276) Net income applicable to common stockholders $ 126 $ (276) ========= ========= Weighted average number of shares outstanding Basic Shares 7,277,299 7,279,924 Effect of Dilutive Options 82,816 24,563 --------- --------- Diluted Shares 7,360,115 7,304,487 ========= ========= Earnings Per Share Basic $ 0.02 $ (0.04) --------- --------- Diluted $ 0.02 $ (0.04) --------- --------- 12