EX-11 4 exhibit_11.htm EXHIBIT 11 - COMPUTATION OF EARNINGS PER SHARE

EXHIBIT 11

ESTERLINE TECHNOLOGIES CORPORATION
Computation of Basic and Diluted Earnings Per Common Share
For the Three and Six Month Periods Ended April 29, 2005 and April 30, 2004
(Unaudited)
(In thousands, except per share amounts)


Three Months Ended
Six Months Ended
April 29,
2005

April 30,
2004

April 29,
2005

April 30,
2004

                             
Net Sales     $ 211,592   $ 146,474   $ 401,384   $ 275,840  
Gross Margin       68,538     48,584     126,638     87,176  
                             
Income From Continuing Operations       14,667     8,952     24,308     10,656  
Income (Loss) From Discontinued    
     Operations, Net of Tax       (562 )   960     6,965     1,134  




Net Earnings     $ 14,105   $ 9,912   $ 31,273   $ 11,790  




                             
Basic    
Weighted Average Number of    
     Shares Outstanding       25,120     21,167     24,577     21,133  




                             
Earnings (Loss) Per Share – Basic    
     Continuing operations     $ .58   $ .42   $ .99   $ .50  
     Discontinued operations       (.02 )   .05     .28     .06  




Earnings per share – basic     $ .56   $ .47   $ 1.27   $ .56  






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ESTERLINE TECHNOLOGIES CORPORATION
Computation of Basic and Diluted Earnings Per Common Share
For the Three and Six Month Periods Ended April 29, 2005 and April 30, 2004
(Unaudited)
(In thousands, except per share amounts)


Three Months Ended
Six Months Ended
April 29,
2005

April 30,
2004

April 29,
2005

April 30,
2004

Diluted                    
Weighted Average Number of    
     Shares Outstanding       25,120     21,167     24,577     21,133  
                             
Net Shares Assumed to be Issued    
     for Stock Options       364     328     376     333  




Weighted Average Number of Shares    
     and Equivalent Shares    
     Outstanding – Diluted       25,484     21,495     24,953     21,466  




                             
Earnings (Loss) Per Share – Diluted    
     Continuing operations     $ .58   $ .42   $ .97   $ .50  
     Discontinued operations       (.03 )   .04     .28     .05  




Earnings per share – diluted     $ .55   $ .46   $ 1.25   $ .55  






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