1
PART I
EXHIBIT 11
BRUSH WELLMAN INC. AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS
SECOND QUARTER ENDED SIX MONTHS ENDED
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July 27 June 28 July 27 June 28
1997 1996 1997 1996
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Primary Diluted:
Average shares outstanding 16,293,343 15,872,613 16,290,635 15,912,605
Dilutive stock options based
on the treasury stock method
using average market price 249,783 173,915 196,652 177,027
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TOTALS 16,543,126 16,046,528 16,487,287 16,089,632
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Net Income $ 7,489,000 $ 8,144,000 $13,979,000 $13,300,000
Per share amount $ 0.45 $ 0.51 $ 0.85 $ 0.83
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Fully Diluted:
Average shares outstanding 16,293,343 15,872,613 16,290,635 15,912,605
Dilutive stock options based
on the treasury stock method
using average market price 287,492 199,129 284,804 202,988
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TOTALS 16,580,835 16,071,742 16,575,439 16,115,593
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Net Income $ 7,489,000 $ 8,144,000 $13,979,000 $13,300,000
Per share amount $ 0.45 $ 0.51 $ 0.84 $ 0.83
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