Exhibit 11 Computation of Per-Share Earnings Milacron Inc. and Subsidiaries (Unaudited)
	Three Months Ended June 30,						Six Months Ended June 30,
(In thousands, except per-share amounts)	2003			2002			2003			2002
Loss from continuing operations	$	(88,309	)	$	(7,890	)	$	(95,881	)	$	(14,915
Loss from discontinued operations		(2,968	)		(23,203	)		(3,717	)		(29,280	)
Cumulative effect of change in method of accounting		-			-			-			(187,713	)
Net loss		(91,277	)		(31,093	)		(99,598	)		(231,908	)
Less preferred dividends		(60	)		(60	)		(120	)		(120	)
Net loss applicable to common shareholders	$	(91,377	)	$	(31,153	)	$	(99,718	)	$	(232,028	)
Basic loss per share:
Weighted-average common shares outstanding		33,608			33,484			33,588			33,442
Per-share amount:
Continuing operations	$	(2.63	)	$	(.24	)	$	(2.86	)	$	(.45	)
Discontinued operations		(.09	)		(.69	)		(.11	)		(.87	)
Cumulative effect of change in method of accounting		-			-			-			(5.62	)
Net loss	$	(2.72	)	$	(.93	)	$	(2.97	)	$	(6.94	)
Diluted loss per share:
Weighted-average common shares outstanding (a)		33,608			33,484			33,588			33,442
Per-share amount:
Continuing operations	$	(2.63	)	$	(.24	)	$	(2.86	)	$	(.45	)
Discontinued operations		(.09	)		(.69	)		(.11	)		(.87	)
Cumulative effect of change in method of accounting		-			-			-			(5.62	)
Net loss	$	(2.72	)	$	(.93	)	$	(2.97	)	$	(6.94	)

(a) In 2003 and 2002, potentially dilutive stock options and restricted shares are excluded because their inclusion would
result in a smaller loss per common share.

37