EXHIBIT 11.1
RPM INTERNATIONAL INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPUTATIONS OF EARNINGS
PER SHARE AND SHARE EQUIVALENTS
(Unaudited)
(In thousands, except per share amounts)
Three Months Ended August 31,
-----------------------------
2004 2003
-------- --------
SHARES OUTSTANDING
FOR COMPUTATION OF BASIC EARNINGS PER
SHARE OF COMMON STOCK
WEIGHTED AVERAGE SHARES 116,163 115,557
-------- --------
TOTAL SHARES FOR BASIC EARNINGS
PER SHARE 116,163 115,557
FOR COMPUTATION OF DILUTED EARNINGS
PER SHARE OF COMMON STOCK
NET ISSUABLE COMMON SHARE EQUIVALENTS 915 676
-------- --------
TOTAL SHARES FOR DILUTED EARNINGS
PER SHARE 117,078 116,233
======== ========
NET INCOME
NET INCOME APPLICABLE TO SHARES OF COMMON
STOCK FOR BASIC EARNINGS PER SHARE $ 54,486 $ 47,672
-------- --------
NET INCOME APPLICABLE TO SHARES OF COMMON
STOCK FOR DILUTED EARNINGS PER SHARE $ 54,486 $ 47,672
======== ========
BASIC EARNINGS PER SHARE $ 0.47 $ 0.41
======== ========
DILUTED EARNINGS PER SHARE $ 0.47 $ 0.41
======== ========
THE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ARE AN INTEGRAL PART
OF THESE STATEMENTS.