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 November 30, Three Months Ended November 30,
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2004 2003 2004 2003
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SHARES OUTSTANDING
FOR COMPUTATION OF BASIC EARNINGS PER
SHARE OF COMMON STOCK
WEIGHTED AVERAGE SHARES 116,413 115,613 116,659 115,670
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TOTAL SHARES FOR BASIC EARNINGS
PER SHARE 116,413 115,613 116,659 115,670
FOR COMPUTATION OF DILUTED EARNINGS
PER SHARE OF COMMON STOCK
NET ISSUABLE COMMON SHARE EQUIVALENTS 1,272 722 1,625 773
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TOTAL SHARES FOR DILUTED EARNINGS
PER SHARE 117,685 116,335 118,284 116,443
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NET INCOME
NET INCOME APPLICABLE TO SHARES OF COMMON
STOCK FOR BASIC EARNINGS PER SHARE $ 63,598 $ 82,895 $ 9,112 $ 35,223
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NET INCOME APPLICABLE TO SHARES OF COMMON
STOCK FOR DILUTED EARNINGS PER SHARE $ 63,598 $ 82,895 $ 9,112 $ 35,223
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BASIC EARNINGS PER SHARE $ 0.55 $ 0.72 $ 0.08 $ 0.30
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DILUTED EARNINGS PER SHARE $ 0.54 $ 0.71 $ 0.08 $ 0.30
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THE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ARE AN INTEGRAL PART
OF THESE STATEMENTS.