Exhibit 11 Statement Re Computation of Per Share Earnings McCormick and Company, Inc. Part I - - Exhibit 11 (In Thousands Except Per Share Amounts) Statement re Computation of Per-Share Earnings* Year Ended November 30 ------------------------------ Computation for Statement of Income 1997 1996 1995 Net Income........................................... $98,428 $41,918 $97,521 Reconciliation of Weighted Average Number of Shares Outstanding to Amount used in Primary Earnings Per Share Computation Weighted Average Number of Shares Outstanding.... 75,658 80,641 81,181 Add - Dilutive Effect of Outstanding Options (as Determined by the Application of the Treasury Stock Method) (1)........................... 194 61 138 Weighted Average Number of Shares Outstanding As Adjusted for Equivalent Shares................ 75,852 80,702 81,319 PRIMARY EARNINGS PER SHARE..................... $1.30 $0.52 $1.20 Year Ended November 30 ------------------------------- Computation for Statement of Income 1997 1996 1995 Reconciliation of Weighted Average Number of Shares Outstanding to Amount used in Fully Diluted Earnings Per Share Computation Weighted Average Number of Shares Outstanding.... 75,658 80,641 81,181 Add - Dilutive Effect of Outstanding Options (As Determined by the Application of the Treasury Stock Method) (1)..................... 251 98 159 Weighted Average Number of Shares Outstanding As Adjusted for Equivalent Shares................ 75,909 80,739 81,340 FULLY DILUTED EARNINGS PER SHARE................. $1.30 $0.52 $1.20 - ----------------------- *See 1997 Annual Report, Note (1) of the Notes to Financial Statements. (1)"This calculation is submitted in accordance with Regulation S-K item 601(b)(11) although not required by footnote 2 to paragraph 14 of APB Opinion No. 15 because it results in dilution of less than 3%." 19