1 EXHIBIT 11.1 HASKEL INTERNATIONAL, INC. STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE (UNAUDITED) THREE MONTHS ENDED ----------------------------- AUGUST 31, AUGUST 31, 1996 1995 ---------- ---------- PRIMARY & PRIMARY & FULLY DILUTED FULLY DILUTED ------------- ------------- Net income used to compute primary and fully diluted income per share . . . . . . . . . . . . . $ 722,000 $ 513,000 =========== =========== Weighted average number of shares outstanding . . . . . . . . . . . . 4,731,550 4,728,230 Dilutive effect of stock options and warrants . . . . . . . . . . . . . . . 71,664 0 ----------- ----------- Number of shares used to compute primary and fully diluted earnings per share . . . . . . . . 4,803,214 4,728,230 =========== =========== Net income per share . . . . . . . . . . $0.15 $0.11 =========== =========== 13