1
EXHIBIT 11
BRUSH WELLMAN INC. AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS
THIRD QUARTER ENDED NINE MONTHS ENDED
----------------------------------- -----------------------------------
September 27 September 29 September 27 September 29
1996 1995 1996 1995
Primary:
Average shares outstanding 15,879,424 16,234,035 15,901,463 16,193,815
Dillutive stock options based
on the treasury stock method
using average market price 196,286 284,097 183,607 225,276
--------------- ---------------- --------------- ----------------
TOTALS 16,075,710 16,518,132 16,085,070 16,419,091
=============== ================ =============== ================
Net Income $4,565,000 $3,332,000 $17,864,000 $16,797,000
Per share amount $0.28 $0.20 $1.11 $1.02
=============== ================ =============== ================
Fully diluted:
Average shares outstanding 15,879,424 16,234,035 15,901,463 16,193,815
Dillutive stock options based
on the treasury stock method
using average market price 196,778 284,116 201,007 230,132
--------------- ---------------- --------------- ----------------
TOTALS 16,076,202 16,518,151 16,102,470 16,423,947
=============== ================ =============== ================
Net Income $4,565,000 $3,332,000 $17,864,000 $16,797,000
Per share amount $0.28 $0.20 $1.11 $1.02
=============== ================ =============== ================
20