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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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1995 1994
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Shares Outstanding
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For computation of primary earnings per
common share
Weighted average shares 56,791 56,255
Net issuable common share equivalents 318 341
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Total shares for primary earnings
per share 57,109 56,596
For computation of fully-diluted earnings
per common share
Additional shares issuable assuming
conversion of convertible securities 7,813 8,262
Additional common shares equivalents;
ending market value higher than
average market value 14 67
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Total shares for fully-diluted
earnings per share 64,936 64,925
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Net Income
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Net income applicable to common shares for
primary earnings per share $40,966 $35,761
Add back interest net of tax on convertible
securities assumed to be converted 3,523 3,520
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Net income applicable to common shares for
fully-diluted earnings $44,489 $39,281
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Earnings Per Common Share and Common Share
Equivalents $.72 $.63
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Earnings Per Common Share Assuming Full
Dilution $.69 $.61
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The accompanying notes to consolidated financial statements are an integral
part of these statements.