EXHIBIT 11


                      SPARTECH CORPORATION AND SUBSIDIARIES
                  COMPUTATION OF NET EARNINGS PER COMMON SHARE
                    (In thousands, except per share amounts)


                                                        Fiscal Year Ended

                                                  Oct 30,  Oct 31,  Nov. 1,
                                                   1999     1998      1997
                                                           
NET EARNINGS

Basic net earnings applicable to common shares   $43,071  $33,720   $25,493
Add:  Distributions on Preferred Securities,       1,280        -         -
net of tax
 Diluted net earnings
                                                  $44,351  $33,720  $25,493
WEIGHTED AVERAGE SHARES OUTSTANDING
    Weighted average common shares outstanding     27,038   26,807    26,418
    Add Shares issuable from assumed exercise of    1,075        -         -
Preferred Stock
    Add: Shares issuable from assumed exercise      1,869    1,802     1,420
of options and warrants
   Diluted weighted average common shares
outstanding                                        29,982   28,609    27,838
NET EARNINGS PER COMMON SHARE
   Basic                                           $ 1.59    $1.26      $.96
   Diluted                                         $ 1.48    $1.18      $.92