Exhibit 11 OWENS & MINOR, INC. AND SUBSIDIARIES CALCULATION OF NET INCOME (LOSS) PER COMMON SHARE (In thousands, except per share amounts) Year ended December 31, 1995 1994 1993 Income (loss) from continuing operations $(11,308) $ 7,919 $18,517 Discontinued operations - - 911 Cumulative effect of change in accounting principle - - 706 Net income (loss) (11,308) 7,919 20,134 Dividends on preferred stock 5,175 3,309 - Net income (loss) attributable to common shares $(16,483) $ 4,610 $20,134 Weighted average common shares 30,820 30,764 30,428 Common share equivalents-dilutive stock options - 344 585 Weighted average common shares and common share equivalents 30,820 31,108 31,013 Net income (loss) per common share: Continuing operations $ (.53) $ .15 $ .60 Discontinued operations - - .03 Cumulative effect of change in accounting principle - - .02 Net income (loss) per common share $ (.53) $ .15 $ .65