EXHIBIT 11
ROBERTSON-CECO CORPORATION
COMPUTATION OF BASIC EARNINGS PER COMMON SHARE
----------------------------------------------
(In thousands, except per share data)
(Unaudited)
Three Months Ended Nine Months Ended
September 30 September 30
------------------ -----------------
1998 1997 1998 1997
------ ------ ------ ------
BASIC:
Income:
Income from continuing operations......... $ 6,285 $ 5,579 $ 16,312 $ 13,074
Extraordinary gain .......................... - - - 4,568
-------- -------- --------- -------
Total income for basic earnings per
share calculation ....................... $ 6,285 $ 5,579 $ 16,312 $ 17,642
========= ======== ======== ========
Shares:
Average number of common
shares outstanding......................... 16,060 16,056 16,060 16,056
Earnings Per Share:
Income from continuing operations........... $ .39 $ .35 $ 1.02 $ .82
Extraordinary gain .......................... - - - .28
---------- -------- -------- -------
Net income per share....................... $ .39 $ .35 $ 1.02 $ 1.10
=========== ======== ======== =======
EXHIBIT 11
ROBERTSON-CECO CORPORATION
COMPUTATION OF DILUTED EARNINGS PER COMMON SHARE
------------------------------------------------
(In thousands, except per share data)
(Unaudited)
Three Months Ended Nine Months Ended
September 30 September 30
------------------ -----------------
1998 1997 1998 1997
------ ------ ------ ------
DILUTED:
Income:
Income from continuing operations......... $ 6,285 $ 5,579 $ 16,312 $ 13,074
Extraordinary gain .......................... - - - 4,568
-------- -------- -------- --------
Net income for diluted earnings per
share calculation ....................... $ 6,285 $ 5,579 $ 16,312 $ 17,642
======== ======== ======== ========
Shares:
Average number of common
shares outstanding....................... 16,060 16,056 16,060 16,056
Incremental shares to reflect dilutive
effect of deferred compensation plan..... 37 36 37 33
-------- -------- -------- --------
Total number of common shares
assuming dilution ....................... 16,097 16,092 16,097 16,089
======== ======== ======== ========
Earnings Per Share:
Income from continuing operations.......... $ .39 $ .35 $ 1.02 $ .82
Extraordinary gain ........................ - - - .28
-------- -------- -------- --------
Net income per share....................... $ .39 $ .35 $ 1.02 $ 1.10
======== ======== ======== ========