EXHIBIT 11.1

RPM INTERNATIONAL INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPUTATIONS OF EARNINGS
PER SHARE AND SHARE EQUIVALENTS
(Unaudited)

(In thousands, except per share amounts)

	Three Months Ended
	August 31,
	2006		2005
Shares Outstanding
For computation of basic earnings per share of common stock
Weighted average shares		117,467		116,542
Total shares for basic earnings per share		117,467		116,542
For computation of diluted earnings per share of common stock
Net issuable common share equivalents		2,691		2,686
Additional shares issuable assuming conversion of convertible securities		8,034		8,034
Total shares for diluted earnings per share		128,192		127,262
Net Income
Net income applicable to shares of common stock for basic earnings per share	$	61,342	$	49,961
Add: Income effect of contingently issuable shares		933		792
Net income applicable to shares of common stock for diluted earnings per share	$	62,275	$	50,753
Basic Earnings Per Share of Common Stock	$	0.52	$	0.43
Diluted Earnings Per Share of Common Stock	$	0.49	$	0.40

The accompanying notes to consolidated financial statements are an integral part of these statements.