Exhibit — 11

Milacron Inc. and Subsidiaries
Computation of Per-share Earnings

(In thousands, except per-share amounts)					2001			2000			1999
Net earnings (loss)					$	(35,660	)	$	72,346		$	70,080
Preferred dividends						(240	)		(240	)		(240	)
	Net earnings (loss) available to common shareholders				$	(35,900	)	$	72,106		$	69,840
Basic earnings (loss) per share Weighted-average common shares outstanding						33,222			34,935			36,847
			Per share amount		$	(1.08	)	$	2.06		$	1.90
Diluted earnings (loss) per share Weighted-average common shares outstanding						33,222			34,935			36,847
	Add dilutive effect of stock options and restricted shares
		Based on treasury stock method (a)				—			111			202
				Total		33,222			35,046			37,049
				Per share amount	$	(1.08	)	$	2.06		$	1.89

(a) In 2001, potentially dilutive stock options and restricted shares are excluded because their inclusion would result in a smaller loss per common share.