Exhibit 11 Computation of Per Share Earnings Milacron Inc. and Subsidiaries (Unaudited)
(In thousands, except per-share amounts)	Three Months Ended June 30,						Six Months Ended June 30,
	2001			2000			2001			2000
Net earnings	$	1,091		$	16,750		$	4,599		$	31,827
Less preferred dividends		(60	)		(60	)		(120	)		(120	)
Net earnings available to common shareholders	$	1,031		$	16,690		$	4,479		$	31,707
Basic earnings per share:
Weighted-average common shares outstanding		33,185			35,401			33,205			35,775
Per share amount	$	.03		$	.47		$	.13		$	.89
Diluted earnings per share:
Weighted-average common share outstanding		33,185			35,401			33,205			35,775
Dilutive effect of stock options and restricted
shares based on the treasury stock method		142			146			170			117
Total		33,327			35,547			33,375			35,892
Per share amount	$	.03		$	.47		$	.13		$	.88

Note: This computation is required by Regulation S-K, Item 601, and is filed as an exhibit under Item 6 of Form 10-Q.

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