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)
SIX MONTHS ENDED THREE MONTHS ENDED
NOVEMBER 30, NOVEMBER 30,
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2003 2002 2003 2002
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SHARES OUTSTANDING
FOR COMPUTATION OF BASIC EARNINGS PER
SHARE OF COMMON STOCK
WEIGHTED AVERAGE SHARES 115,613 115,001 115,670 115,240
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TOTAL SHARES FOR BASIC EARNINGS
PER SHARE 115,613 115,001 115,670 115,240
FOR COMPUTATION OF DILUTED EARNINGS
PER SHARE OF COMMON STOCK
NET ISSUABLE COMMON SHARE EQUIVALENTS 722 980 773 961
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TOTAL SHARES FOR DILUTED EARNINGS
PER SHARE 116,335 115,981 116,443 116,201
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NET INCOME
NET INCOME APPLICABLE TO SHARES OF COMMON
STOCK FOR BASIC EARNINGS PER SHARE $ 82,895 $ 73,813 $ 35,223 $ 29,640
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NET INCOME APPLICABLE TO SHARES OF COMMON
STOCK FOR DILUTED EARNINGS PER SHARE $ 82,895 $ 73,813 $ 35,223 $ 29,640
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BASIC EARNINGS PER SHARE $ 0.72 $ 0.64 $ 0.30 $ 0.26
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DILUTED EARNINGS PER SHARE $ 0.71 $ 0.64 $ 0.30 $ 0.26
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The accompanying notes to consolidated financial statements are an integral part
of these statements.