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EXHIBIT 11
GenCorp Inc.
COMPUTATION OF EARNINGS PER COMMON SHARE
Unaudited
Three Months Ended
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February 28,
1995 1994
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Earnings (Dollars in Millions)
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Income (Loss) Before Accounting Changes $ 7.0 $ (3.3)
Cumulative Effect of Accounting Changes - (212.7)
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Net Income (Loss) for Primary
Earnings Per Share 7.0 (216.0)
Tax Affected Interest Expense
Applicable to 8% Convertible
Subordinated Debentures 1.4 1.4
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Net Income (Loss) for Fully Diluted
Earnings Per Share $ 8.4 $(214.6)
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Shares (In Thousands)
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Weighted Average Number of
Common Shares Outstanding
for Primary Earnings Per Share 32,259 31,730
Assuming Conversion of 8%
Convertible Subordinated
Debentures 7,158 7,158
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Weighted Average Number of
Common Shares Outstanding
for Fully Diluted Earnings Per Share 39,417 38,888
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Earnings Per Share
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Income (Loss) Before Accounting Changes $ .22 $ (.10)
Cumulative Effect of Accounting Changes - (6.71)
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Net Income (Loss) for Primary Earnings
Per Share $ .22 $ (6.81)
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Fully Diluted Earnings Per Share $ .21 $ (6.81)
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