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10
RPM, INC. AND SUBSIDIARIES
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CONSOLIDATED STATEMENTS OF COMPUTATIONS OF EARNINGS
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PER COMMON SHARE AND COMMON SHARE EQUIVALENTS
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(Unaudited)
Exhibit XI
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) ----------
Nine Months Ended February 28,
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1993
1994 (Restated)
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SHARES OUTSTANDING
For computation of primary earnings per
common share
Weighted average shares 56,255 52,902
Net issuable common share equivalents 341 344
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Total shares for primary earnings
per share 56,596 53,246
For computation of fully-diluted earnings
per common share
Additional shares issuable assuming
conversion of convertible securities 8,262 8,017
Additional common shares equivalents;
ending market value higher than
average market value 67 69
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Total shares for fully-diluted
earnings per share 64,925 61,332
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NET INCOME
Net income applicable to common shares for
primary earnings per share $35,761 $25,152
Add back interest net of tax on convertible
securities assumed to be converted 3,520 3,339
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Net income applicable to common shares for
fully-diluted earnings $39,281 $28,491
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Earnings Per Common Share and Common Share
Equivalents $.63 $.47
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Earnings Per Common Share Assuming Full
Dilution $.61 $.46
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<FN>
Data for February 1993 has been restated to reflect the acquisitions of Dynatron/Bondo Corporation
on June 8, 1993 and of Stonhard, Inc. on October 26, 1993, both accounted for as a pooling of interests.