EXHIBIT 11 ROBERTSON-CECO CORPORATION COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE ----------------------------------------------- (Thousands, except per share amounts) (Unaudited) Three Months Ended Nine Months Ended September 30 September 30 ------------------ ------------------ 1995 1994 1995 1994 -------- -------- -------- -------- PRIMARY: Primary earnings (loss) from continuing operations . . . . $ 4,754 $(10,493) $ 6,745 $(17,363) Income from discontinued operations. . . . . . . . . . - (4,880) 3,955 (2,603) ------- -------- ------- -------- Total primary earnings (loss) . . . . . . . . . . $ 4,754 $(15,373) $10,700 $(19,966) ======= ======== ======= ======== Average number of shares of common stock outstanding. . . 15,921 15,773 15,916 15,773 Incremental shares to reflect dilutive effect of deferred compensation plan . . . . . . 49 - 40 - ------- -------- ------- -------- Total shares . . . . . . . . 15,970 15,773 15,956 15,773 ======= ======== ======= ======== Primary earnings (loss) from continuing operations per common share. . . . . . . . . $ .30 $ (.67) $ .42 $ (1.10) Primary income from discontinued operations . . . - (.30) .25 (.17) ------- -------- ------- -------- Primary earnings (loss) per share . . . . . . . . . $ .30 $ (.97) $ .67 $ (1.27) ======= ======== ======= ========