EXHIBITS TO FORM 10-Q FOR QUARTER ENDED September 30, 1995 Exhibit 11.1 BAIRNCO CORPORATION CALCULATION OF PRIMARY AND FULLY DILUTED EARNINGS PER SHARE FOR THE QUARTERS ENDED SEPTEMBER 30, 1995 AND OCTOBER 1, 1994 (Unaudited) 1995 1994 PRIMARY EARNINGS PER SHARE: Net income $ 1,893,000 $ 1,745,000 Average common shares outstanding 10,469,253 10,500,000 Common shares issuable in respect to common stock equivalents, with a dilutive effect 5,114 -- Total common and common equivalent shares 10,474,367 10,500,000 Primary Earnings Per Common Share $ 0.18 $ 0.17 FULLY DILUTED EARNINGS PER SHARE: Net income $ 1,893,000 $ 1,745,000 Total common and common equivalent shares 10,474,367 10,500,000 Additional common shares assuming full dilution 607 -- Total common shares assuming full dilution 10,474,974 10,500,000 Fully Diluted Earnings Per Common Share $ 0.18 $ 0.17 Earnings per share are based on the average number of shares outstanding during each period. Primary earnings per share include all common stock equivalents. Fully diluted earnings per share include all common stock equivalents plus the additional common shares issuable assuming full dilution. Exhibit 11.2 BAIRNCO CORPORATION CALCULATION OF PRIMARY AND FULLY DILUTED EARNINGS PER SHARE FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1995 AND OCTOBER 1, 1994 (Unaudited) 1995 1994 PRIMARY EARNINGS PER SHARE: Net income $ 5,855,000 $ 5,345,000 Average common shares outstanding 10,489,924 10,500,000 Common shares issuable in respect to common stock equivalents, with a dilutive effect 2,464 -- Total common and common equivalent shares 10,492,388 10,500,000 Primary Earnings Per Common Share $ 0.56 $ 0.51 FULLY DILUTED EARNINGS PER SHARE: Net income $ 5,855,000 $ 5,345,000 Total common and common equivalent shares 10,492,388 10,500,000 Additional common shares assuming full dilution 2,568 -- Total common shares assuming full dilution 10,494,956 10,500,000 Fully Diluted Earnings Per Common Share $ 0.56 $ 0.51 Earnings per share are based on the average number of shares outstanding during each period. Primary earnings per share include all common stock equivalents. Fully diluted earnings per share include all common stock equivalents plus the additional common shares issuable assuming full dilution.