Exhibit 11 OWENS & MINOR, INC. AND SUBSIDIARIES Calculation Of Net Income Per Common Share (In thousands, except per share amounts) Year ended December 31 1994 1993 1992 Income from continuing operations $ 7,919 $18,517 $15,435 Discontinued operations: Income from discontinued operations, net of taxes - - 77 Gain on disposals, net of other provisions and taxes - 911 5,610 Cumulative effect of change in accounting principles - 706 (730) Net income 7,919 20,134 20,392 Dividends on preferred stock 3,309 - - Net income attributable to common shares $ 4,610 $20,134 $20,392 Weighted average common shares and common share equivalents*: Common shares outstanding 30,764 30,428 29,394 Common share equivalents-dilutive stock options 344 585 288 Weighted average common shares and common share equivalents 31,108 31,013 29,682 Net income per common share: Continuing operations $ .15 $ .60 $ .52 Discontinued operations - .03 .20 Cumulative effect of change in accounting principles - .02 (.03) Net income per common share $ .15 $ .65 $ .69 * A 3-for-2 stock split was distributed on June 8, 1994 to shareholders of record as of May 24, 1994. All applicable share and per share information has been restated to reflect this transaction.