EXHIBIT 11 ROBERTSON-CECO CORPORATION COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE ----------------------------------------------- (Thousands, except per share amounts) (Unaudited) Three Months Ended Six Months Ended June 30 June 30 ------------------ ------------------ 1996 1995 1996 1995 -------- -------- -------- -------- PRIMARY: Primary earnings from continuing operations . $ 6,545 $ 2,260 $ 9,807 $ 3,438 Income from discontinued operations . . . . . . - (841) - 2,508 -------- -------- -------- -------- Total primary earnings $ 6,545 $ 1,419 $ 9,807 $ 5,946 ======== ======== ======== ======== Average number of shares of common stock outstanding . . . . . . 16,009 15,914 16,009 15,914 Incremental shares to reflect dilutive effect of deferred compensation plan . . . . . . . . . 108 31 111 26 -------- -------- -------- -------- Total shares . . . . . . . 16,117 15,945 16,120 15,940 ======== ======== ======== ======== Primary earnings from continuing operations per commom share . . . . . . . $ .41 $ .14 $ .61 $ .22 Primary income (loss) from discontinued operations . . . . . . . - (.05) - .15 . . . . . . . . . -------- -------- -------- -------- Primary earnings per share . . . $ .41 $ .09 $ .61 $ .37 ======== ======== ======== ======== FULLY DILUTED: Fully diluted earnings from continuing operations . . . . . . . $ 6,545 $ 2,260 $ 9,807 $ 3,438 Income from discontinued Operations . . . . . . - (841) - 2,508 -------- -------- -------- -------- Total fully diluted earnings . . . . . . . $ 6,545 $ 1,419 $ 9,807 $ 5,946 ======== ======== ======== ======== Average number of shares of common stock outstanding . . . . . . 16,009 15,914 16,009 15,914 Incremental shares to reflect dilutive effect of deferred compensation plan . . . . . . . . . 109 27 117 47 -------- -------- -------- -------- Total shares . . . 16,118 15,941 16,126 15,961 ======== ======== ======== ======== Fully diluted earnings from continuing operations per common share . . . . . . . . . $ .41 $ .14 $ .61 $ .22 Fully diluted income (loss) from discontinued operations . . . . . . - (.05) - .15 -------- -------- -------- -------- Fully diluted earnings per share . . . . . . . . $ .41 $ .09 $ .61 $ .37 ======== ======== ======== ========