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EXHIBIT 99.a
MASCO CORPORATION AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF PRIMARY AND FULLY DILUTED PER SHARE EARNINGS
(INCLUDING EFFECT OF FULL DILUTION)
1993 1992 1991
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(IN THOUSANDS EXCEPT AS INDICATED)
Shares for computation of primary and fully diluted earnings
per share:
Average number of shares outstanding........................ 152,700 151,700 149,900
Common stock equivalents:
Convertible debentures................................... 4,210 4,210 4,210
Stock options............................................ 1,520 1,210 700
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Total shares........................................... 158,430 157,120 154,810
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Net income.................................................... $221,100 $183,100 $ 44,900
Addback of debenture interest, net............................ 5,880 5,970 5,970
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Net income, as adjusted....................................... $226,980 $189,070 $ 50,870
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Primary and fully diluted earnings per share (in dollar
amounts).................................................... $1.45 $1.21 $.30
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The above dilutive influences are less than 3%.