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EXHIBIT 11
BRUSH WELLMAN INC. AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS
1995 1994 1993
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Primary:
Average shares outstanding 16,198,575 16,102,350 16,087,250
Dilutive stock options based
on the treasury stock method
using average market price 206,360 80,484 9,442
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TOTALS 16,404,935 16,182,834 16,096,692
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Net Income $20,689,000 $18,550,000 $ 6,458,000
Per share amount $ 1.26 $ 1.15 $ 0.40
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Fully diluted:
Average shares outstanding 16,198,575 16,102,350 16,087,250
Dilutive stock options based
on the treasury stock method
using the higher of the year
end market price or the average
market price 209,978 140,983 20,603
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TOTALS 16,408,553 16,243,333 16,107,853
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Net Income $20,689,000 $18,550,000 $ 6,458,000
Per share amount $ 1.26 $ 1.14 $ 0.40
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