1 EXHIBIT 11 BRUSH WELLMAN INC. AND SUBSIDIARIES COMPUTATION OF PER SHARE EARNINGS FIRST QUARTER ENDED ------------------------------------- March 29, April 2, 1996 1995 ---- ---- Primary: Average shares outstanding 16,114,128 16,123,733 Dillutive stock options based on the treasury stock method using average market price 20,353 107,779 ----------- ----------- TOTALS 16,134,481 16,231,512 =========== =========== Net Income $ 5,155,000 $ 6,788,000 Per share amount $0.32 $0.42 =========== =========== Fully diluted: Average shares outstanding 16,114,128 16,123,733 Dillutive stock options based on the treasury stock method using average market price 21,013 166,916 ----------- ----------- TOTALS 16,135,141 16,290,649 =========== =========== Net Income $ 5,155,000 $ 6,788,000 Per share amount $0.32 $0.42 =========== =========== 15