Exhibit — 11

Milacron Inc. and Subsidiaries
Computation of Per-Share Earnings

	2005			2004			2003
	(In thousands, except per-share amounts)
Loss from continuing operations	$	(16,516	)	$	(51,304	)	$	(183,677	)
Income (loss) from discontinued operations		2,549			(479	)		(7,174	)
Net loss		(13,967	)		(51,783	)		(190,851	)
Less preferred dividends		(6,180	)		(3,150	)		(240	)
Less beneficial conversion feature related to Series B Preferred Stock		—			(15,931	)		—
Net loss applicable to common shareholders	$	(20,147	)	$	(70,864	)	$	(191,091	)
Basic loss per share:
Weighted-average common shares outstanding		47,665			40,955			36,660
Per share amount:
Continuing operations	$	(.47	)	$	(1.72	)	$	(5.02	)
Discontinued operations		.05			(.01	)		(.19	)
Net loss	$	(.42	)	$	(1.73	)	$	(5.21	)
Diluted loss per share:
Weighted-average common shares outstanding(a)		47,665			40,955			36,660
Per share amount:
Continuing operations	$	(.47	)	$	(1.72	)	$	(5.02	)
Discontinued operations		.05			(.01	)		(.19	)
Net loss	$	(.42	)	$	(1.73	)	$	(5.21	)

(a) In 2005 and 2004, the common shares into which the Series B Preferred Stock is convertible are excluded because their inclusion would result in a smaller loss per common share. In all years, potentially dilutive restricted shares are also excluded for similar reasons.