EXHIBIT 11.1 BAIRNCO CORPORATION CALCULATION OF BASIC AND DILUTED EARNINGS PER SHARE FOR THE QUARTERS ENDED JULY 3, 1999 AND JULY 4, 1998 (Unaudited) 1999 1998 BASIC EARNINGS PER COMMON SHARE: Net income $ 2,314,000 $ 1,588,000 Average common shares outstanding 7,903,000 8,746,000 Basic Earnings Per Common Share $ 0.29 $ 0.18 DILUTED EARNINGS PER COMMON SHARE: Net income $ 2,314,000 $ 1,588,000 Average common shares outstanding 7,903,000 8,746,000 Common shares issuable in respect to options issued to employees with a dilutive effect 50,000 252,000 Total diluted common shares outstanding 7,953,000 8,998,000 Diluted Earnings Per Common Share $ 0.29 $ 0.18 EXHIBIT 11.2 BAIRNCO CORPORATION CALCULATION OF BASIC AND DILUTED EARNINGS PER SHARE FOR THE SIX MONTHS ENDED JULY 3, 1999 AND JULY 4, 1998 (Unaudited) 1999 1998 BASIC EARNINGS PER COMMON SHARE: Net income $ 4,584,000 $ 3,784,000 Average common shares outstanding 8,052,000 8,825,000 Basic Earnings Per Common Share $ 0.57 $ 0.43 DILUTED EARNINGS PER COMMON SHARE: Net income $ 4,584,000 $ 3,784,000 Average common shares outstanding 8,052,000 8,825,000 Common shares issuable in respect to options issued to employees with a dilutive effect 37,000 260,000 Total diluted common shares outstanding 8,089,000 9,085,000 Diluted Earnings Per Common Share $ 0.57 $ 0.42