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EXHIBIT 11.1
HASKEL INTERNATIONAL, INC.
STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
(UNAUDITED)
Three Months Ended Nine Months Ended
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February 28, February 29, February 28, February 29,
1997 1996 1997 1996
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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 $1,036,000 $ 792,000 $ 3,579,000 $1,818,000
Income (loss) from discontinued operations -- (175,000) (529,000) 220,000
Loss from disposal of segment -- -- (5,406,000) --
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Net income $1,036,000 $ 617,000 $(2,356,000) $2,038,000
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Weighted average number of shares outstanding 4,732,230 4,728,230 4,732,003 4,728,230
Dilutive effect of stock options and warrants 113,276 19,775 88,282 6,592
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Number of shares used to compute primary and fully
diluted earnings per share 4,845,506 4,748,005 4,820,285 4,734,822
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Primary and Fully Diluted Earnings per Share
Income from continuing operations $ 0.21 $ 0.16 $ 0.74 $ 0.38
Income (loss) from discontinued operations -- (0.03) (0.11) 0.05
Loss from disposal of segment -- -- (1.12) --
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Net income $ 0.21 $ 0.13 $ (0.49) $ 0.43
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