EXHIBIT 11
NEWELL CO. AND SUBSIDIARIES
COMPUTATION OF EARNINGS
PER SHARE OF COMMON STOCK
(In thousands, except per share data)
Three Months Ended Nine Months Ended
September 30, September 30,
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1998 1997* 1998 1997*
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Basic Earnings per Share:
Net Income $ 99,166 $ 87,257 $ 336,806 $ 201,915
Weighted avg. shares outstanding 162,623 162,206 162,501 162,141
Basic Earnings per Share $ 0.61 $ 0.54 $ 2.07 $ 1.25
Diluted Earnings per Share:
Net Income $ 99,166 $ 87,257 $ 336,806 $ 201,915
Minority interest in income of
Subsidiary trust, net of tax 4,035 12,070
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Net Income, assuming conversion
of all applicable securities $ 103,201 $ 87,257 $ 348,876 $ 201,915
Weighted avg. shares outstanding 162,623 162,206 162,501 162,141
Incremental common shares
applicable to common stock
options based on the market
price during the period 807 640 686 640
Average common shares issuable
assuming conversion of the
Company-Obligated
Mandatorily Redeemable
Convertible Preferred Securities
of a Subsidiary Trust 9,865 9,865
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Weighted avg. shares outstanding
assuming full dilution 173,295 162,846 173,052 162,781
Diluted Earnings per Share,
assuming conversion of all
applicable securities $ 0.60 $ 0.54 $ 2.02 $ 1.24
* Restated for the merger with Calphalon Corporation on May 7, 1998,
which was accounted for as a pooling of interests.
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