EXHIBIT 11
W. R. GRACE & CO. AND SUBSIDIARIES
WEIGHTED AVERAGE NUMBER OF SHARES AND EARNINGS USED IN PER SHARE COMPUTATIONS
(Unaudited)
The weighted average number of shares of Common Stock outstanding were as
follows (in thousands):
3 Mos. Ended
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3/31/95 3/31/94
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Weighted average number of shares of Common
Stock outstanding . . . . . . . . . . . . . . . . 94,137 93,750
Additional dilutive effect of outstanding options
(as determined by the application of the
treasury stock method). . . . . . . . . . . . . . 2,018 981
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Weighted average number of shares of Common
Stock outstanding assuming full dilution. . . . . 96,155 94,731
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Income used in the computation of earnings per share were as follows (in
millions, except per share):
3 Mos. Ended
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3/31/95 3/31/94
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Net income . . . . . . . . . . . . . . . . . . . . . . $47.5 $38.2
Dividends paid on preferred stocks . . . . . . . . . . (.1) (.1)
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Income used in per share computation of
earnings and in per share computation
of earnings assuming full dilution. . . . . . . . $47.4 $38.1
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Earnings per share . . . . . . . . . . . . . . . . . . $ .50 $ .41
Earnings per share assuming full dilution. . . . . . . $ .49 $ .40