Statement re Computation of Per Share Earnings
UNITED ROAD SERVICES, INC.
Weighted Average Shares
Period ended June 30,1998
Three Months Six Months
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(91 days) (181 days)
Shares outstanding at beginning of period 2,822,736 2,604,000
January 1, 1998- Subscription agreement shares
issued - 188,976
January 1, 1998- Sale of shares to Board member - 29,760
May 1, 1998- Public offering of 6,600,000
common shares (61 days) 4,424,176 2,224,309
May 6, 1998- Issuance of 990,000 common shares
as offering overallotment shares
(56 days) 609,231 306,298
May 6, 1998- Issuance of 2,375,741 common
shares for acquisition of founding
companies (56 days) 1,461,994 735,036
June 12, 1998- Issuance of 212,023 common
shares for acquisition of 5L Corporation
(19 days) 44,269 22,257
June 22, 1998- Issuance of 93,902 common
shares for acquisition of D&M Auto
Towing, Inc. (9 days) 9,287 4,669
June 29, 1998- Issuance of 35,956 common
shares for acquisition of Rouse's Body
Shop, Inc. (2 days) 790 397
June 30, 1998- Issuance of 22,023 common shares
for acquisition of Northshore Towing, Inc.
(1 day) 242 122
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Weighted average shares outstanding for basic
earnings per share 9,372,725 6,115,824
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Weighted average shares outstanding for
basic earnings per share 9,372,725 6,115,824
Options outstanding at June 30, 1998:550,000
shares
Total exercise proceeds:$6,859,625
Average market value of Company
stock $17.22
Shares deemed issued 132,515 105,181
Warrants outstanding at June 30, 1998 :
117,789 shares
Exercise price : $13.00 per share
Average market value of Company
stock $17.22
Shares deemed issued 19,350 9,728
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Total shares outstanding for fully diluted
earnings per share 9,524,590 6,230,733
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