EXHIBIT — 11

Milacron Inc. and Subsidiaries
Computation of Per-Share Earnings

(In thousands, except per-share amounts)				2002			2001			2000
Earnings (loss) from continuing operations				$	(18,412	)	$	(28,734	)	$	48,844
Earnings (loss) from discontinued operations					(16,816	)		(6,926	)		23,501
Cumulative effect of change in method of accounting					(187,713	)		—			—
	Net earnings (loss)				(222,941	)		(35,660	)		72,345
	Less preferred dividends				(240	)		(240	)		(240	)
	Net earnings (loss) available to common shareholders			$	(223,181	)	$	(35,900	)	$	72,105
Basic earnings (loss) per share:
	Weighted-average common shares outstanding				33,482			33,222			34,935
	Per share amount:
		Continuing operations		$	(.56	)	$	(.87	)	$	1.39
		Discontinued operations			(.50	)		(.21	)		.67
		Cumulative effect of change in method of accounting			(5.61	)		—			—
			Net earnings (loss)	$	(6.67	)	$	(1.08	)	$	2.06
Diluted earnings (loss) per share:
	Weighted-average common shares outstanding (a)				33,482			33,222			35,046
	Per share amount:
		Continuing operations		$	(.56	)	$	(.87	)	$	1.39
		Discontinued operations			(.50	)		(.21	)		.67
		Cumulative effect of change in method of accounting			(5.61	)		—			—
			Net earnings (loss)	$	(6.67	)	$	(1.08	)	$	2.06

(a) In 2002 and 2001, potentially dilutive stock options and restricted shares are excluded because their inclusion would result in a smaller loss per common share.