1 EXHIBIT 11 BRUSH WELLMAN INC. AND SUBSIDIARIES COMPUTATION OF PER SHARE EARNINGS SECOND QUARTER ENDED SIX MONTHS ENDED ------------------------------ --------------------------------- July 2, July 3, July 2, July 3, 1995 1994 1995 1994 ---- ---- ---- ---- Primary: Average shares outstanding 16,199,937 16,093,442 16,174,254 16,090,655 Dillutive stock options based on the treasury stock method using average market price 261,874 111,210 193,212 75,058 ----------- ----------- ----------- ----------- TOTALS 16,461,811 16,204,652 16,367,466 16,165,713 =========== =========== =========== =========== Net Income $6,676,000 $5,892,000 $13,464,000 $11,487,000 Per share amount $0.41 $0.36 $0.82 $0.71 =========== =========== =========== =========== Fully diluted: Average shares outstanding 16,199,937 16,093,442 16,174,254 16,090,655 Dillutive stock options based on the treasury stock method using average market price 303,461 111,210 308,787 75,058 ----------- ----------- ----------- ----------- TOTAL 16,503,398 16,204,652 16,483,041 16,165,713 =========== =========== =========== =========== Net Income $6,676,000 $5,892,000 $13,464,000 $11,487,000 Per share amount $0.40 $0.36 $0.82 $0.71 =========== =========== =========== ===========