EX-11.01 2 g94937exv11w01.htm EX-11.01 EX-11.01
 

EXHIBIT 11.01

MARTIN MARIETTA MATERIALS, INC. AND CONSOLIDATED SUBSIDIARIES

COMPUTATION OF EARNINGS PER SHARE

For the Three Months Ended March 31, 2005 and 2004
(Dollars in Thousands, Except Per Share Data)

                 
    Three Months Ended  
    March 31  
    2005     2004  
Earnings (loss) from continuing operations
   $ 8,300     $ (3,893 )
Loss on discontinued operations
     (1,223 )     (2,652 )
 
            
Net earnings (loss)
   $ 7,077     $ (6,545 )
 
            
 
                
Reconciliation of denominators for basic and diluted earnings per share computations:
                
Basic weighted average number of common shares
     47,061,842       48,332,774  
Effect of dilutive employee and director awards
     676,154       —  
 
            
Diluted weighted average number of common shares and assumed conversions*
     47,737,996       48,332,774  
 
            
 
                
Net earnings (loss) per common share:
                
Basic from continuing operations
   $ 0.18     $ (0.08 )
Discontinued operations
     (0.03 )     (0.06 )
 
            
 
   $ 0.15     $ (0.14 )
 
            
 
                
Diluted from continuing operations
   $ 0.17     $ (0.08 )
Discontinued operations
     (0.02 )     (0.06 )
 
            
 
   $ 0.15     $ (0.14 )
 
            

*   For the quarter ended March 31, 2004, the weighted-average number of shares outstanding is the same for basic and diluted loss per share as the effect of assuming conversion of potential common shares is antidilutive.