EX-11 2 presto051289_ex11.htm Exhibit 11 to National Presto Industries, Inc. Form 10-K dated December 31, 2004

Page 45 of 51


F-21      

EXHIBIT 11

STATEMENT RE COMPUTATION OF PER SHARE EARNINGS

The following presents the computation of per share earnings reflecting the assumption that dilutive stock options are exercised.

(IN THOUSANDS
EXCEPT PER SHARE DATA)
2004
 2003
 2002
Net earnings (1)     $ 15,441   $ 15,477   $ 8,690  
 
 
 
Weighted average common shares outstanding (2)    6,821    6,820    6,839  
 
Common share equivalents relating to stock options    2    1    1  
 
 
Adjusted common and common equivalent  
   shares for computation (3)    6,823    6,821    6,840  
 
 
 
Net earnings per share:  
     Basic    (1/2)   $ 2.26   $ 2.27   $ 1.27  
 
     Diluted (1/3)   $2.26   $ 2.27   $ 1.27