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 9 Mos. Ended
9/30/95 - 9/30/94 9/30/95 - 9/30/94
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Weighted average number of shares of Common
Stock outstanding. . . . . . . . . . . . . . . 96,708 93,995 95,330 93,893
Additional dilutive effect of outstanding options
(as determined by the application of the treasury
stock method). . . . . . . . . . . . . . . . . 2,392 660 2,392 756
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Weighted average number of shares of Common
Stock outstanding assuming full dilution . . . 99,100 94,655 97,722 94,649
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Income/(loss) used in the computation of earnings per share were as follows
(dollars in millions, except per share):
3 Mos. Ended 9 Mos. Ended
9/30/95 - 9/30/94 9/30/95 - 9/30/94
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Net income/(loss). . . . . . . . . . . . . . . $21.7 $76.0 $147.9 $(20.1)
Dividends paid on preferred stocks . . . . . . (.1) (.2) (.4) (.4)
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Income/(loss) used in per share computation of
earnings and in per share computation of
earnings assuming full dilution . . . . . . $21.6 $75.8 $147.5 $(20.5)
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Earnings/(loss) per share. . . . . . . . . . . $ .22 $.81 $1.55 $ (.22)
Earnings/(loss) per share assuming full dilution $ .22 $.80 $1.51 $ (.22)