EXHIBIT 11
CANTEL INDUSTRIES, INC.
COMPUTATION OF EARNINGS PER SHARE
Three Months Ended Six Months Ended
January 31, January 31,
1996 1995 1996 1995
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PRIMARY
Weighted average number of
shares outstanding 2,768,804 2,740,544 2,768,499 2,737,836
Dilutive effect of options and
warrants using the treasury
stock method and average
market price for the period 533,094 334,807 514,042 380,151
--------- --------- --------- ---------
Weighted average number of
shares and common stock
equivalents 3,301,898 3,075,351 3,282,541 3,117,987
--------- --------- --------- ---------
--------- --------- --------- ---------
Net income $ 167,000 $ 304,000 $ 254,000 $ 365,000
--------- --------- --------- ---------
--------- --------- --------- ---------
Net income per common share $0.05 $0.10 $0.08 $0.12
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EXHIBIT 11
CANTEL INDUSTRIES, INC.
COMPUTATION OF EARNINGS PER SHARE
Three Months Ended Six Months Ended
January 31, January 31,
1996 1995 1996 1995
--------- -------- --------- ---------
FULLY DILUTED
Weighted average number of
shares outstanding 2,768,804 2,740,544 2,768,499 2,737,836
Dilutive effect of options and
warrants using the treasury
stock method and the higher
of the period and or average
market price for the period 538,451 342,555 534,964 380,151
--------- --------- --------- ---------
Weighted average number of
shares and common stock
equivalents 3,307,255 3,083,099 3,303,463 3,117,987
--------- --------- --------- ---------
--------- --------- --------- ---------
Net income $ 167,000 $ 304,000 $ 254,000 $ 365,000
--------- --------- --------- ---------
--------- --------- --------- ---------
Net income per common share $0.05 $0.10 $0.08 $0.12
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16