1
EXHIBIT 11.1
HASKEL INTERNATIONAL, INC.
STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
(Unaudited)
THREE MONTHS ENDED SIX MONTHS ENDED
NOVEMBER 30, NOVEMBER 30,
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1996 1995 1996 1995
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PRIMARY & PRIMARY & PRIMARY & PRIMARY &
FULLY DILUTED FULLY DILUTED FULLY DILUTED FULLY DILUTED
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Primary and Fully Diluted Earnings
Income from continuing operations $ 1,521,000 $ 685,000 $ 2,543,000 $ 1,026,000
Income from discontinued operations (229,000) 223,000 (529,000) 395,000
Loss from disposal of segment (5,406,000) - (5,406,000) -
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Net income $(4,114,000) $ 908,000 $(3,392,000) $ 1,421,000
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Weighted average number of
shares outstanding . . . . . . . . . 4,732,230 4,728,230 4,731,890 4,728,230
Dilutive effect of stock options
and warrants . . . . . . . . . . . . . . 83,908 0 75,786 0
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Number of shares used to
compute primary and fully
diluted earnings per share . . . . 4,816,138 4,728,230 4,807,676 4,728,230
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Primary and Fully Diluted Earnings per Share
Income from continuing operations $ 0.32 $ 0.14 $ 0.53 $ 0.22
Income from discontinued operations $ (0.05) $ 0.05 $ (0.11) $ 0.08
Loss from disposal of segment (1.12) - (1.12) -
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Net income $ (0.85) $ 0.19 $ (0.70) $ 0.30
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