Exhibit 11 Computation of Per-Share Earnings Milacron Inc. and Subsidiaries (Unaudited)
	Three Months Ended March 31,
(In thousands, except per-share amounts)	2004			2003
Loss from continuing operations	$	(15,993	)	$	(7,572	)
Loss from discontinued operations		(602	)		(749	)
Net Loss		(16,595	)		(8,321	)
Less preferred dividends		(60	)		(60	)
Net loss applicable to common shareholders	$	(16,655	)	$	(8,381	)
Basic loss per share:
Weighted-average common shares outstanding		33,880			33,567
Per share amount
Continuing operations	$	(.47	)	$	(.23	)
Discontinued operations		(.02	)		(.02	)
Net loss	$	(.49	)	$	(.25	)
Diluted loss per share:
Weighted-average common share outstanding (a)		33,880			33,567
Per share amount
Continuing operations	$	(.47	)	$	(.23	)
Discontinued operations		(.02	)		(.02	)
Net loss	$	(.49	)	$	(.25	)

(a) In 2004, 15.0 million common shares into which $30.0 million of debt securities are convertible are excluded because their inclusion would result in a smaller loss per common share. In both 2004 and 2003, potentially dilutive restricted shares are also excluded for similar reasons.

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