EXHIBIT 11
MODINE MANUFACTURING COMPANY
COMPUTATION OF PER SHARE EARNINGS
(In thousands, except per share amounts)
Three months ended June 26
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1996 1995
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Primary
Weighted average shares outstanding 29,780 29,680
Share equivalents for period prior to
exercise (options exercised) 8 28
Net shares issuable, assuming exercise
of options using average market price
and employing the treasury stock method 616 884
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Average common share and common
share equivalents 30,404 30,592
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Net earnings for the period $16,390 $15,983
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Net earnings per share of common stock $0.54 $0.52
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Fully Diluted
Weighted average shares outstanding 29,780 29,680
Share equivalents for period prior to
exercise (options exercised) 8 28
Net shares issuable, assuming exercise
of options using ending market price
(unless antidilutive) and employing
the treasury stock method 616 939
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Average common share and common
share equivalents 30,404 30,647
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Net earnings for the period $16,390 $15,983
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Net earnings per share of common stock $0.54 $ 0.52
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