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 Nine Months Ended -------------------------- ------------------------- Sept. 26, Sept 27, Sept. 26, Sept 27, 1999 1998 1999 1998 --------- --------- --------- --------- Net income $701 $401 $1,853 $1,007 --------- --------- --------- --------- Net income applicable to common stockholders $701 $401 $1,853 $1,007 ========= ========= ========= ========= Weighted average number of shares outstanding: Basic Shares 6,791,389 7,044,647 6,796,913 7,157,186 Effect of Dilutive Options 219,030 15,598 153,543 43,764 --------- --------- --------- --------- Diluted Shares 7,010,419 7,060,245 6,950,456 7,200,950 ========= ========= ========= ========= Earnings per Share Basic $0.10 $0.06 $0.27 $0.14 Diluted $0.10 $0.06 $0.27 $0.14 ========= ========= ========= ========= 14