EXHIBIT 11.1 (Page 1 of 2) TEREX CORPORATION AND SUBSIDIARIES Amended Computation of Earnings per Common Share In Thousands except per share amounts Three Months Ended March 31, 1994 1993 PRIMARY: NET LOSS $ 10,824 $(12,399) Less: Accretion of Preferred Stock (1,380) 0 Net loss applicable to common stock $(12,204) $(12,399) Weighted average shares outstanding during the period 10,303 9,953 Assumed exercise of warrants at ratio determined as of June 30, 1994 0 (a) 0 (b) Assumed exercise of stock options 0 (a) 0 (a) Primary shares outstanding 10,303 9,953 Primary Loss per common share ($ 1.18) ($ 1.25) (a) Excluded from the computation because the effect is anti-dilutive. (b) Not issued or outstanding during these periods. EXHIBIT 11.1 (Page 2 of 2) TEREX CORPORATION AND SUBSIDIARIES Amended Computation of Earnings per Common Share In Thousands except per share amounts Three Months Ended March 31, 1994 1993 FULLY DILUTED: Net loss 10,824 (12,399) Less: Accretion of Preferred Stock (1,380) 0 Net loss applicable to common stock 12,204 (12,399) Add: Accretion of Preferred stock assumed converted at beginning of period 0 0 Net income (loss) applicable to common stock 12,204 (12,399) Weighted average shares outstanding during the period 10,303 9,953 Assumed exercise of warrants at ratio reflecting maximum dilution 0 (a) 0 (b) Assumed conversion of Preferred Stock 0 (a) 0 (b) Assumed exercise of stock options 0 (a) 0 (a) Fully diluted shares outstanding 10,303 9,953 Fully Diluted Loss per common share ($1.18) ($1.25) (a) Excluded from the computation because the effect is anti-dilutive. (b) Not issued or outstanding during these periods.