Exhibit 11
Computation of Per-Share Earnings
Milacron Inc. and Subsidiaries
(Unaudited)

	Three Months Ended
	March 31,
(In thousands, except per-share amounts)	2006			2005
Net loss	$	(9,609	)	$	(9,093	)
Less preferred dividends		(1,560	)		(1,560	)
Less beneficial conversion feature related to Series B Preferred Stock		(779	)		—
Net loss applicable to common shareholders	$	(11,948	)	$	(10,653	)
Basic loss per share:
Weighted-average common shares outstanding		48,024			47,524
Net loss	$	(.25	)	$	(.22	)
Diluted loss per share:
Weighted-average common shares outstanding (a)		48,024			47,524
Net loss	$	(.25	)	$	(.22	)

(a) In 2005, the 57.1 million common shares into which the 6% Series B Convertible Preferred Stock is convertible are excluded because their inclusion would result in a smaller loss per common share, as are potentially dilutive restricted shares in both 2006 and 2005.

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