MILACRON INC. AND SUBSIDIARIES COMPUTATION OF PER SHARE EARNINGS (UNAUDITED) (In thousands, except per-share amounts) Three Months Ended Six Months Ended -------------------- ------------------- June 30, June 30, June 30, June 30, 1999 1998 1999 1998 ------- ------- ------- ------- Net earnings $15,340 $20,868 $30,415 $38,496 Less preferred dividends (60) (60) (120) (120) ------- ------- ------- ------- Net earnings available to common shareholders $15,280 $20,808 $30,295 $38,376 ======= ======= ======= ======= Basic earnings per share: Weighted-average common shares outstanding 36,729 39,199 37,014 39,178 ======= ======= ======= ======= Per share amount $ .42 $ .53 $ .82 $ .98 ======= ======= ======= ======= Diluted earnings per share: Weighted-average common shares outstanding 36,729 39,199 37,014 39,178 Dilutive effect of stock options and restricted shares based on the treasury stock method 249 540 225 545 ------- ------- ------- ------- Total 36,978 39,739 37,239 39,723 ======= ======= ======= ======= Per share amount $ .41 $ .52 $ .81 $ .96 ======= ======= ======= ======= Note: This computation is required by Regulation S-K, Item 601, and is filed as an exhibit under Item 6 of Form 10-Q.