1
EXHIBIT 11
GenCorp Inc.
COMPUTATION OF EARNINGS PER COMMON SHARE
Unaudited
Three Months Ended
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February 28, February 29,
1997 1996
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Earnings (Dollars in Millions)
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Net Income (Loss) for Primary
Earnings Per Share $ 11.1 $(11.7)
Tax Affected Interest Expense
Applicable to 8% Convertible
Subordinated Debentures 1.4 1.4
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Net Income (Loss) for Fully Diluted
Earnings Per Share $ 12.5 $(10.3)
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Shares (In Thousands)
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Weighted Average Number of
Common Shares Outstanding
for Primary Earnings Per Share (see Note B) 34,230 33,670
Additional Shares Issuable Under Stock Options
for Fully Diluted Earnings Per Share 5 --
Assuming Conversion of 8%
Convertible Subordinated
Debentures 7,158 7,158
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Weighted Average Number of
Common Shares Outstanding
for Fully Diluted Earnings Per Share 41,393 40,828
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Earnings Per Share
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Primary: $ .32 $ (.35)
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Fully Diluted: $ .30 $ (.35)
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