EXHIBIT 11
ROBERTSON-CECO CORPORATION
COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE (CONTINUED)
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(Thousands, except per share amounts)
(Unaudited)
Three Months Ended Nine Months Ended
September 30 September 30
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1994 1993 1994 1993
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FULLY DILUTED:
Income (loss) from continuing
operations. . . . . . . . . . $ (9,373) $(10,878) $(13,966) $(23,265)
Less dividends on preferred
stock . . . . . . . . . . . . - - - 112
-------- -------- -------- --------
Fully diluted income (loss)
from continuing operations. . (9,373) (10,878) (13,966) (23,377)
Loss from discontinued
operations. . . . . . . . . . (6,000) - (6,000) -
Income from extraordinary
gain on debt exchange . . - 5,367 - 5,367
-------- -------- -------- --------
Fully diluted earnings (loss) . $(15,373) $ (5,511) $(19,966) $(18,010)
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Average number of shares of
common stock outstanding. . . 15,773 9,402 15,773 3,752
Incremental shares to reflect
dilutive effect of deferred
compensation plan . . . . . . - - - -
-------- -------- -------- --------
Total shares, assuming full
dilution. . . . . . . . . . . 15,773 9,402 15,773 3,752
======== ======== ======== ========
Fully diluted earnings (loss)
from continuing operations
per common share. . . . . . . . $ (.59) $ (1.16) $ (.89) $ (6.23)
Fully diluted loss from
discontinued operations per
common share. . . . . . . . . . (.38) - (.38) -
Fully diluted earnings from
extraordinary gain on debt
exchange per common share . . . - .57 - 1.43
-------- -------- -------- --------
Fully diluted earnings (loss)
per common share. . . . . . . . $ (.97) $ (.59) $ (1.27) $ (4.80)
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[FN]
Share amounts are presented after giving effect to the 1 for 16.5 reverse
stock spilt which became effective July 23, 1993.