EX-11 2 est1-x11.htm EXHIBIT 11

EXHIBIT 11

 

ESTERLINE TECHNOLOGIES CORPORATION

Computation of Basic and Diluted Earnings Per Common Share

For the Three Month Periods Ended January 27, 2006 and January 28, 2005

(Unaudited)

(In thousands, except per share amounts)

 
 
 

Three Months Ended

 


 

January 27,

 

January 28,

 

2006

 

2005

 


 


           

Net Sales

$

205,665

 

$

189,792

Gross Margin

 

62,859

   

58,100

           

Income From Continuing Operations

 

8,364

   

10,083

Income From Discontinued Operations, Net of Tax

 

--

   

7,527

 


 


           

Net Earnings

$

8,364

 

$

17,610

 


 


           

Basic

         
           

Weighted Average Number of Shares Outstanding

 

25,338

   

24,034

 


 


Earnings Per Share - Basic

         

    Continuing operations

$

.33

 

$

.42

    Discontinued operations

 

--

   

.31

 


 


           

    Earnings per share - basic

$

.33

 

$

.73

 


 


           

Diluted

         
           

Weighted Average Number of Shares Outstanding

 

25,338

   

24,034

Net Shares Assumed to be Issued for Stock Options

 

405

   

387

 


 


           

Weighted Average Number of Shares

         

    and Equivalent Shares Outstanding - Diluted

 

25,743

   

24,421

 


 


           

Earnings Per Share - Diluted

         

    Continuing operations

$

.32

 

$

.41

    Discontinued operations

 

--

   

.31

 


 


           

    Earnings per share - diluted

$

.32

 

$

.72

 


 


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