RPM INTERNATIONAL INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPUTATIONS OF EARNINGS
PER SHARE AND SHARE EQUIVALENTS
(UNAUDITED)
EXHIBIT 11.1
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
THREE MONTHS ENDED
AUGUST 31,
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2003 2002
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SHARES OUTSTANDING
FOR COMPUTATION OF BASIC EARNINGS PER
SHARE OF COMMON STOCK
WEIGHTED AVERAGE SHARES 115,557 114,765
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TOTAL SHARES FOR BASIC EARNINGS
PER SHARE 115,557 114,765
FOR COMPUTATION OF DILUTED EARNINGS
PER SHARE OF COMMON STOCK
NET ISSUABLE COMMON SHARE EQUIVALENTS 676 995
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TOTAL SHARES FOR DILUTED EARNINGS
PER SHARE 116,233 115,760
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NET INCOME
NET INCOME APPLICABLE TO SHARES OF COMMON
STOCK FOR BASIC EARNINGS PER SHARE $ 47,672 $ 44,173
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NET INCOME APPLICABLE TO SHARES OF COMMON
STOCK FOR DILUTED EARNINGS PER SHARE $ 47,672 $ 44,173
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BASIC EARNINGS PER SHARE $ 0.41 $ 0.38
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DILUTED EARNINGS PER SHARE $ 0.41 $ 0.38
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THE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ARE AN INTEGRAL PART
OF THIS EXHIBIT.