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,
	2007		2006
Shares Outstanding
For computation of basic earnings per share of common stock
Weighted average shares		119,677		117,467
Total shares for basic earnings per share		119,677		117,467
For computation of diluted earnings per share of common stock
Net issuable common share equivalents		2,316		2,691
Additional shares issuable assuming conversion of convertible securities		8,033		8,034
Total shares for diluted earnings per share		130,026		128,192
Net Income
Net income applicable to shares of common stock for basic earnings per share	$	68,268	$	61,342
Add: Income effect of convertible securities		771		933
Net income applicable to shares of common stock for diluted earnings per share	$	69,039	$	62,275
Basic Earnings Per Share of Common Stock	$	0.57	$	0.52
Diluted Earnings Per Share of Common Stock	$	0.53	$	0.49

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