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PART I
EXHIBIT 11
BRUSH WELLMAN INC. AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS
THIRD QUARTER ENDED NINE MONTHS ENDED
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SEPTEMBER 26, SEPTEMBER 27, SEPTEMBER 26, SEPTEMBER 27,
1997 1996 1997 1996
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Primary diluted:
Average shares outstanding............ 16,363,620 15,879,424 16,315,324 15,901,463
Dilutive stock options based on the
treasury stock method using average
market price....................... 406,577 196,286 263,300 183,607
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TOTALS........................... 16,770,197 16,075,710 16,578,624 16,085,070
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Net Income............................ $ 3,989,000 $ 4,565,000 $ 17,968,000 $ 17,864,000
Per share amount...................... $ 0.24 $ 0.28 $ 1.08 $ 1.11
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Fully diluted:
Average shares outstanding............ 16,363,620 15,879,424 16,315,324 15,901,463
Dilutive stock options based on the
treasury stock method using average
market price....................... 476,832 196,778 494,981 201,007
----------- ----------- ----------- -----------
TOTALS........................... 16,840,452 16,076,202 16,810,305 16,102,470
=========== =========== =========== ===========
Net Income............................ $ 3,989,000 $ 4,565,000 $ 17,968,000 $ 17,864,000
Per share amount...................... $ 0.24 $ 0.28 $ 1.07 $ 1.11
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