EX-11 2 l06873aexv11.htm EXHIBIT 11 COMPUTATION OF EPS Exhibit 11
 

EXHIBIT 11

 
FERRO CORPORATION AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF EARNINGS PER SHARE
                 
    THREE MONTHS ENDED
    MARCH 31,
    2004   2003
(Dollars in thousands-except per share amounts)   (UNAUDITED)   (UNAUDITED)
Basic:
                
Weighted average common shares outstanding
     41,838,587       40,592,865  
 
                
Net income
   $ 14,391     $ 9,384  
Less: preferred stock dividend
     450       547  
 
                
Net income available to common shareholders
   $ 13,941     $ 8,837  
Basic earnings per common share
   $ 0.33     $ 0.22  
 
                
 
                
Diluted:
                
Weighted average common shares outstanding
     41,838,587       40,592,865  
Adjustments for assumed conversion of convertible preferred and common stock options
     1,908,843       1,941,050  
 
                
 
     43,747,430       42,533,915  
 
                
Net income
   $ 14,391     $ 9,384  
Preferred stock dividend
                
Tax on assumed conversion of convertible preferred stock
     (84 )     (103 )
 
                
Adjusted net income (loss)
   $ 14,307     $ 9,281  
Diluted earnings per share
   $ 0.33     $ 0.22  
 
                

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