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 FOR THE SIX MONTHS ENDED -------------------------- -------------------------- June 28, June 29, June 28, June 29, 1998 1997 1998 1997 - -------------------------------------------------------------------------------------------------------------- Net income $ 480 $ 303 $ 606 $ 27 - -------------------------------------------------------------------------------------------------------------- Net income applicable to common stockholders $ 480 $ 303 $ 606 $ 27 ============================================================================================================== Weighted average number of shares outstanding: Basic Shares 7,153,569 7,280,739 7,214,396 7,280,336 Effect of Dilutive Options 57,945 26,070 71,644 25,078 - -------------------------------------------------------------------------------------------------------------- Diluted Shares 7,211,514 7,306,809 7,286,040 7,305,414 ============================================================================================================== Earnings per Share Basic $ 0.07 $ 0.04 $ 0.08 $ 0.00 Diluted $ 0.07 $ 0.04 $ 0.08 $ 0.00 ==============================================================================================================