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EXHIBIT 11
FERRO CORPORATION AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE
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DECEMBER DECEMBER
(Dollars in thousands, except per share data) 1999 1998
3 Months 12 Months 3 Months 12 Months
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BASIC:
Weighted Average Common Shares Outstanding 35,177,564 35,197,243 35,410,987 36,419,090
Net Income $18,674 $73,015 $17,063 $69,282
Less Preferred Stock Dividend, Net of Tax (906) (3,747) (949) (3,789)
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Net Income Available to Common Shareholders $17,768 $69,268 $16,114 $65,493
BASIC EARNINGS PER COMMON SHARE $0.51 $1.97 $0.46 $1.80
DILUTED:
Weighted Average Common Shares Outstanding 35,177,564 35,197,243 35,410,987 36,419,090
Adjustments for assumed conversion of convertible
preferred stock and common stock options 3,215,606 3,609,870 3,948,759 4,060,051
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38,393,170 38,807,113 39,359,746 40,479,141
Net Income $18,674 $73,015 $17,063 $69,282
Additional ESOP Contribution, Net of Tax (315) (1,376) (365) (1,585)
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Adjusted Net Income $18,359 $71,639 $16,698 $67,697
DILUTED EARNINGS PER SHARE $0.48 $1.85 $0.42 $1.67
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