1 EXHIBIT 11 BRUSH WELLMAN INC. AND SUBSIDIARIES COMPUTATION OF PER SHARE EARNINGS 1994 1993 1992 ---- ---- ---- Primary: Average shares outstanding 16,102,350 16,087,250 16,080,554 Dillutive stock options based on the treasury stock method using average market price 80,484 9,442 45,233 ---------- ---------- ---------- TOTALS 16,182,834 16,096,692 16,125,787 =========== ========== =========== Net Income $18,550,000 $6,458,000 $10,500,000 Per share amount $1.15 $0.40 $0.65 =========== ========== =========== Fully diluted: Average shares outstanding 16,102,350 16,087,250 16,080,554 Dillutive stock options based on the treasury stock method using average market price 140,983 20,603 45,233 ---------- ---------- ---------- TOTALS 16,243,333 16,107,853 16,125,787 =========== ========== =========== Net Income $18,550,000 $6,458,000 $10,500,000 Per share amount $1.14 $0.40 $0.65 =========== ========== ===========