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                                    EXHIBIT 11.1

                   WHITE CAP INDUSTRIES INC. AND SUBSIDIARIES
            STATEMENT OF COMPUTATION OF PRO FORMA EARNINGS PER SHARE




                                              Year Ended      Three Months Ended 
                                            March 31, 1997       June 30, 1997
                                            --------------    ------------------
                                                            

Average common shares outstanding .........      457,230           1,044,000

Common and common equivalent shares
  (including convertible preferred stock)
  issued during the twelve month period
  prior to the initial public offering at
  prices below the assumed public
  offering price (using the treasury stock 
  method and assumed initial public offering 
  price) in accordance with Staff
  Accounting Bulletin No. 83 ..............    6,205,749           5,732,759   
                                              

Effect of stockholder distributions .......      621,353             621,353
                                              ----------          ----------

Shares used in pro forma per share
  calculations ............................    7,284,332           7,398,112
                                              ==========          ==========

 
Pro forma net income ......................   $1,405,000          $  403,000
Preferred stock dividends accretion .......       55,000             150,000
                                              ----------          ----------
                                              
Pro forma net income applicable to common
  stockholders ............................   $1,350,000          $  253,000
                                              ==========          ==========
                                              
Pro forma net income per common and common 
  share equivalent ........................        $0.19               $0.03
                                                   =====               =====