Exhibit 11
Computation of Per-Share Earnings
Milacron Inc. and Subsidiaries
(Unaudited)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(In thousands, except per-share amounts)	2006			2005			2006			2005
Loss from continuing operations	$	(14,280	)	$	(4,351	)	$	(23,905	)	$	(13,446	)
Discontinued operations		—			590			17			592
Net loss		(14,280	)		(3,761	)		(23,888	)		(12,854	)
Less preferred dividends		(1,560	)		(1,500	)		(3,120	)		(3,060	)
Less beneficial conversion feature related to Series B Preferred Stock		(779	)		—			(1,558	)		—
Net loss applicable to common shareholders	$	(16,619	)	$	(5,261	)	$	(28,566	)	$	(15,914	)
Basic loss per share:
Weighted-average common shares outstanding		48,216			47,600			48,116			47,560
Per-share amount:
Continuing operations	$	(.34	)	$	(.12	)	$	(.59	)	$	(.34	)
Discontinued operations		—			.01			—			.01
Net loss	$	(.34	)	$	(.11	)	$	(.59	)	$	(.33	)
Diluted loss per share:
Weighted-average common shares outstanding (a)		48,216			47,600			48,116			47,560
Per-share amount:
Continuing operations	$	(.34	)	$	(.12	)	$	(.59	)	$	(.34	)
Discontinued operations		—			.01			—			.01
Net loss	$	(.34	)	$	(.11	)	$	(.59	)	$	(.33	)

(a) In both years, (i) the 57.1 million common shares into which the 6% Series B Convertible Preferred Stock is convertible and (ii) potentially dilutive restricted shares are excluded because their inclusion would result in a smaller loss per common share.

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