EXHIBIT 11
CANTEL INDUSTRIES, INC.
COMPUTATION OF EARNINGS PER SHARE
Three Months Ended Nine Months Ended
April 30, April 30,
1996 1995 1996 1995
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PRIMARY
Weighted average number of
shares outstanding 3,770,541 3,743,710 3,767,262 3,728,502
Dilutive effect of options and
warrants using the treasury
stock method and average
market price for the period - 385,979 503,768 381,962
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Weighted average number of
shares and common stock
equivalents 3,770,541 4,129,689 4,271,030 4,110,464
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--------- --------- --------- ---------
Net income (loss) $ (71,000) $ 73,000 $ 10,000 $ 91,000
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--------- --------- --------- ---------
Net income (loss) per common share $(0.02) $0.02 $ - $0.02
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16
EXHIBIT 11
CANTEL INDUSTRIES, INC.
COMPUTATION OF EARNINGS PER SHARE
Three Months Ended Nine Months Ended
April 30, April 30,
1996 1995 1996 1995
--------- --------- --------- ---------
FULLY DILUTED
Weighted average number of
shares outstanding 3,770,541 3,743,710 3,767,262 3,728,502
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 - 422,290 511,114 424,495
--------- --------- --------- ---------
Weighted average number of
shares and common stock
equivalents 3,770,541 4,166,000 4,278,376 4,152,997
--------- --------- --------- ---------
--------- --------- --------- ---------
Net income (loss) $ (71,000) $ 73,000 $ 10,000 $ 91,000
--------- --------- --------- ---------
--------- --------- --------- ---------
Net income (loss) per common share $(0.02) $0.02 $ - $0.02
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17