EXHIBIT 11
ROBERTSON-CECO CORPORATION
COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE
-----------------------------------------------
(Thousands, except per share amounts)
(Unaudited)
YEAR ENDED DECEMBER 31
----------------------------------
1994 1995 1996
---- ---- ----
PRIMARY:
Income (loss) from continuing
operations . . . . . . . . . . . . . . . . . . . . . . $ (167) $ 12,347 $ 52,608
Less dividends on preferred stock . . . . . . . . . . . . . - - -
-------- -------- --------
Primary income (loss) from continuing
operations . . . . . . . . . . . . . . . . . . . . . . . (167) 12,347 52,608
(Loss) from discontinued operations . . . . . . . . . . . (21,593) (15,888) -
Income (loss) from extraordinary items . . . . . . . . . . - - (1,315)
-------- -------- --------
Total primary earnings (loss) . . . . . . . . . . . . . . $(21,670) $ (3,541) $ 51,293
======== ======== ========
Average number common shares
outstanding . . . . . . . . . . . . . . . . . . . 15,808 15,932 16,017
Incremental shares to reflect
dilutive effect of deferred
compensation plan . . . . . . . . . . . . . . . . - 75 105
-------- -------- --------
Total Shares . . . . . . . . . . . . . . . . . . . . . . 15,808 16,007 16,122
======== ======== ========
PRIMARY EARNINGS (LOSS) PER COMMON SHARE:
Continuing operations . . . . . . . . . . . . . . . . . . . $ (.01) $ .77 $ 3.26
Discontinued operations . . . . . . . . . . . . . . . . . (1.37) (.99) -
Extraordinary item . . . . . . . . . . . . . . . . . . . . - - (.08)
-------- -------- --------
Primary earnings (loss) per
common share . . . . . . . . . . . . . . . . . . . . . . $ (1.38) $ (.22) $ 3.18
======== ======== ========
EXHIBIT 11
(Continued)
ROBERTSON-CECO CORPORATION
COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE (CONTINUED)
-----------------------------------------------------------
(Thousands, except per share amounts)
(Unaudited)
YEAR ENDED DECEMBER 31
----------------------------------
1994 1995 1996
---- ---- ----
FULLY DILUTED:
Income (loss) from continuing
operations . . . . . . . . . . . . . . . . . . . . . . . $ (167) $ 12,347 $ 52,608
Less dividends on preferred stock . . . . . . . . . . . . . - - -
-------- -------- --------
Fully diluted income (loss) from
continuing operations . . . . . . . . . . . . . . . . . (167) 12,347 52,608
(Loss) from discontinued operations . . . . . . . . . . . (21,593) (15,888) -
Income (loss) from extraordinary items . . . . . . . . . . - - (1,315)
-------- -------- --------
Total fully diluted earnings (loss) . . . . . . . . . . . $(21,760) $ (3,541) $ 51,293
======== ======== ========
Average number common shares
outstanding . . . . . . . . . . . . . . . . . . . . . . 15,808 15,932 16,017
Incremental shares to reflect dilutive
effect of deferred compensation
plan . . . . . . . . . . . . . . . . . . . . . . . . - 75 105
-------- -------- --------
Total number common shares, assuming
full dilution . . . . . . . . . . . . . . . . . . . . 15,808 16,007 16,122
======== ======== ========
FULLY DILUTED EARNINGS (LOSS) PER
COMMON SHARE:
Continuing operations . . . . . . . . . . . . . . . . . $ (.01) $ .77 $ 3.26
Discontinued operations . . . . . . . . . . . . . (1.37) (.99) -
Extraordinary item . . . . . . . . . . . . . . . . . . . - - (.08)
-------- -------- --------
Fully diluted earnings (loss) per
common share . . . . . . . . . . . . . . . . . . . . . . $ (1.38) $ (.22) $ 3.18
======== ======== ========