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

	Three Months Ended						Nine Months Ended
	Sept. 30,						Sept. 30,
(In thousands, except per-share amounts)	2006			2005			2006			2005
Loss from continuing operations	$	(7,186	)	$	(7,589	)	$	(31,092	)	$	(21,036	)
Discontinued operations		—			724			—			1,316
Net loss		(7,186	)		(6,865	)		(31,092	)		(19,720	)
Less preferred dividends		(1,560	)		(1,560	)		(4,680	)		(4,620	)
Less beneficial conversion feature related to Series B Preferred Stock		(779	)		—			(2,337	)		—
Net loss applicable to common shareholders	$	(9,525	)	$	(8,425	)	$	(38,109	)	$	(24,340	)
Basic loss per share:
Weighted-average common shares outstanding		48,424			47,706			48,215			47,607
Per-share amount:
Continuing operations	$	(.20	)	$	(.20	)	$	(.79	)	$	(.54	)
Discontinued operations		—			.02			—			.03
Net loss	$	(.20	)	$	(.18	)	$	(.79	)	$	(.51	)
Diluted loss per share:
Weighted-average common shares outstanding (a)		48,424			47,706			48,215			47,607
Per-share amount:
Continuing operations	$	(.20	)	$	(.20	)	$	(.79	)	$	(.54	)
Discontinued operations		—			.02			—			.03
Net loss	$	(.20	)	$	(.18	)	$	(.79	)	$	(.51	)

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

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