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EXHIBIT 11
Statement Re Computation of Per Share Earnings
OHM CORPORATION
COMPUTATION OF PER SHARE EARNINGS
(In Thousands, Except Per Share Data)
Years Ended December 31,
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1995 1994 1993
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PRIMARY:
Average Shares Outstanding 22,283 15,582 12,261
Net effect of dilutive stock options and warrants--
based on the treasury stock method 242 - 245
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Total 22,525 15,582 12,506
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Net Income (loss) $ 6,807 ($7,616) $ 4,407
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Per Share Amount $ 0.30 ($ 0.49) $ 0.35
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FULLY DILUTED:
Average Shares Outstanding 22,283 15,582 12,261
Net effect of dilutive stock options and warrants--
based on the treasury stock method 242 (2) - (1) 426 (2)
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Total 22,525 15,582 12,687
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Net Income (loss) $ 6,807 ($7,616) $ 4,407
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Per Share Amount $ 0.30 ($ 0.49) $ 0.35
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(1) Fully dilutive effect of stock options and warrants on per share
amounts for the year ended December 31, 1994 were antidilutive.
Accordingly, fully diluted per share amounts were not presented in the
Company's consolidated statements of operations.
(2) Fully dilutive effect of stock options and warrants on per share
amounts for the years ended December 31, 1993 and 1995 have not been
presented in the statement of operations since any reduction of less
than 3% in the aggregate need not be considered as dilution.