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RPM, INC. AND SUBSIDIARIES 12
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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) ----------
Three Months Ended August 31,
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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 56,966 56,768
Net issuable common share equivalents 386 309
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Total shares for primary earnings
per share 57,352 57,077
For computation of fully-diluted earnings
per common share
Additional shares issuable assuming
conversion of convertible securities 7,813 7,813
Additional common shares equivalents;
ending market value higher than
average market value 6 14
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Total shares for fully-diluted
earnings per share 65,171 64,904
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Net Income
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Net income applicable to common shares for
primary earnings per share $19,617 $18,391
Add back interest net of tax on convertible
securities assumed to be converted 1,219 1,157
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Net income applicable to common shares for
fully-diluted earnings $20,836 $19,548
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Earnings Per Common Share and Common Share
Equivalents $.34 $.32
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Earnings Per Common Share Assuming Full
Dilution $.32 $.30
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<FN>
The accompanying notes to consolidated financial statements are an integral part of these statements.