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EXHIBIT 11
GenCorp Inc.
COMPUTATION OF EARNINGS PER COMMON SHARE
Unaudited Unaudited
Three Months Ended Nine Months Ended
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August 31, August 31, August 31, August 31,
1994 1993 1994 1993
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Earnings (Dollars in Millions)
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Income Before Cumulative Effect
of Accounting Changes $ 6.4 $ 7.7 $ 17.4 $ 31.6
Cumulative Effect of Accounting Changes - - (212.7) -
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Net Income (Loss) for Primary Earnings
Per Share 6.4 7.7 (195.3) 31.6
Tax Affected Interest Expense
Applicable to 8% Convertible
Subordinated Debentures 1.4 1.4 4.1 4.1
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Net Income (Loss) for Fully Diluted
Earnings Per Share $ 7.8 $ 9.1 $ (191.2) $ 35.7
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Shares (In Thousands)
- - ------
Weighted Average Number of Common
Shares Outstanding for Primary
Earnings Per Share 31,731 31,730 31,731 31,730
Assuming Conversion of 8% Convertible
Subordinated Debentures 7,158 7,158 7,158 7,158
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Weighted Average Number of Common
Shares Outstanding for Fully Diluted
Earnings Per Share 38,889 38,888 38,889 38,888
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Earnings Per Share
- - ------------------
Income Before Cumulative Effect
of Accounting Changes $ .20 $ .25 $ .55 $ 1.00
Cumulative Effect of Accounting Changes - - (6.71) -
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Net Income (Loss) for Primary Earnings
Per Share $ .20 $ .25 $ (6.16) $ 1.00
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Fully Diluted Earnings Per Share $ .20 $ .24 $ (6.16) $ .92
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