BTU INTERNATIONAL INC
10-Q, EX-11.0, 2000-08-16
SPECIAL INDUSTRY MACHINERY, NEC
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                                                                    Exhibit 11.0

                             BTU INTERNATIONAL, INC.
        CALCULATION OF NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE
             (Dollars in thousands, except share and per share data)
<TABLE>
<CAPTION>


                                           For the Three Months Ended        For the Six Months Ended
                                           ---------------------------      --------------------------
                                            July 2,          June 27,        July 2,        June 27,
                                             2000              1999           2000            1999
                                           ---------        ----------      ---------       ---------
<S>                                           <C>                <C>            <C>          <C>
Net income                                 $   1,451        $     608       $   2,607       $   1,152
                                           ---------        ---------       ---------       ---------
Net income applicable to
     common stockholders                   $   1,451        $     608       $   2,607       $   1,152
                                           =========        =========       =========       =========

Weighted average number of
   shares outstanding:

     Basic Shares                          6,869,417        6,795,272       6,849,262       6,799,744
     Effect of Dilutive Options              453,616          129,512         448,998         111,768
                                           ---------        ---------       ---------       ---------
     Diluted Shares                        7,323,033        6,924,784       7,298,260       6,911,512
                                           =========        =========       =========       =========
Earnings per Share

     Basic                                     $0.21            $0.09            0.38           $0.17

     Diluted                                   $0.20            $0.09            0.36           $0.17
                                           =========        =========       =========       =========
</TABLE>


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