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MAXCO, INC.
EXHIBIT 11 - STATEMENT RE: COMPUTATION OF
PER SHARE EARNINGS
Three Months Ended June 30,
1995 1994
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NET INCOME FOR COMPUTATION
OF PER SHARE AMOUNTS
Net income $ 356,000 $2,756,000
Preferred stock series 2 dividend (27,000) (27,000)
Preferred stock series 3 dividend (24,000) (24,000)
Net effect of minority interest from assumed
conversion of dilutive stock options of
subsidiary--based on the Treasury Stock
Method using average market price 10,000
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NET INCOME ATTRIBUTABLE
TO COMMON STOCK--PRIMARY $ 305,000 $2,715,000
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NET INCOME ATTRIBUTABLE
TO COMMON STOCK--FULLY DILUTED $ 332,000 $2,742,000
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PRIMARY
Average shares outstanding 4,281,596 4,306,739
Net effect of dilutive stock options--based on
the Treasury Stock Method using average
market price 117,562 125,874
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TOTAL 4,399,158 4,432,613
PER SHARE AMOUNT $ 0.07 $ 0.61
FULLY DILUTED
Average shares outstanding 4,281,596 4,306,739
Net effect of dilutive stock options--based on
the Treasury Stock Method using the
quarter-end market price if higher than
average market price 119,248 125,874
Assumed conversion of series two 12%
cumulative redeemable convertable
preferred stock 231,840 231,840
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TOTAL 4,632,684 4,664,453
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PER SHARE AMOUNT $ 0.07 $ 0.59
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