Exhibit 11 OWENS & MINOR, INC. AND SUBSIDIARIES Calculation Of Net Income Per Share (In thousands, except per share amounts) Year ended December 31, ------------------------------ 1993 1992 1991 ---- ---- ---- Net income from continuing operations $ 18,517 $15,435 $ 9,669 Discontinued operations: Income from discontinued operations, net of taxes - 77 2,358 Gain on disposals, net of other provisions and taxes 911 5,610 - Cumulative effect of change in accounting principles 706 (730) - ------- ------- ------- Net income applicable to common shares $ 20,134 $20,392 $12,027 ======= ======= ======= Weighted average common shares and common share equivalents: Common shares outstanding 20,285 19,596 19,386 Common share equivalents-dilutive stock options 390 192 255 ------- ------- ------- Weighted average common shares and common share equivalents 20,675 19,788 19,641 ======= ======= ======= Net income per share: Continuing operations $ .90 $ .78 $ .49 Discontinued operations .04 .29 .12 Cumulative effect of change in accounting principles .03 (.04) - ------- ------- ------- Net income per share $ .97 $ 1.03 $ .61 ======= ======= =======