1 EXHIBIT 11 CORE INDUSTRIES INC AND SUBSIDIARIES CALCULATION OF EARNINGS PER SHARE for the years ended August 31, 1994, 1993 and 1992 YEAR ENDED AUG 31, -------------------------------------- 1994 1993 1992 ---- ---- ---- Earnings (loss) applicable to common stock $ 10,006,000 $ 8,565,000 $ (26,368,000) ============= ============ ============== Net earnings (loss) $ 10,006,000 $ 8,565,000 $ (26,368,000) ============= ============ ============== Average number of common shares outstanding (A) $ 9,800,135 $ 9,776,376 $ 9,775,195 ============= ============ ============== Earnings (loss) per share $ 1.02 $ .88 $ (2.70) ====== ===== ======= Note A: The number of common stock equivalents related to stock option plans were 117,000, 100,000 and 60,000 at the fiscal years ended 1994, 1993 and 1992, respectively.