Exhibit 11 Computation of Per-Share Earnings Milacron Inc. and Subsidiaries (Unaudited)
(In thousands, except per-share amounts)	Three Months Ended Sept. 30,						Nine Months Ended Sept. 30,
	2001			2000			2001			2000
Net earnings (loss)	$	(18,363	)	$	18,518		$	(13,764	)	$	50,345
Less preferred dividends		(60	)		(60	)		(180	)		(180	)
Net earnings (loss) available to common shareholders	$	(18,423	)	$	18,458		$	(13,944	)	$	50,165
Basic earnings (loss) per share:
Weighted-average common shares outstanding		33,200			34,588			33,203			35,379
Per-share amount	$	(.55	)	$	.53		$	(.42	)	$	1.42
Diluted earnings (loss) per share:
Weighted-average common share outstanding		33,200			34,588			33,203			35,379
Dilutive effect of stock options and restricted
shares based on the treasury stock method		104			90			148			108
Total		33,304			34,678			33,351			35,487
Per-share amount	$	(.55	)	$	.53		$	(.42	)	$	1.41

Note: This computation is required by Regulation S-K, Item 601, and is filed as an exhibit under Item 6 of Form 10-Q.

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