<PAGE> 1
EXHIBIT 11
BRUSH ENGINEERED MATERIALS INC. AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS
<TABLE>
<CAPTION>
SECOND QUARTER ENDED SIX MONTHS ENDED
------------------------- -------------------------
JUNE 30, JULY 2, JUNE 30, JULY 2,
2000 1999 2000 1999
----------- ----------- ----------- -----------
<S> <C> <C> <C> <C>
Basic:
Average shares outstanding 16,224,638 16,197,328 16,215,338 16,195,533
=========== =========== =========== ===========
Net income $ 3,898,000 $ 3,233,000 $ 6,147,000 $ 5,719,000
Per share amount $ 0.24 $ 0.20 $ 0.38 $ 0.35
=========== =========== =========== ===========
Diluted:
Average shares outstanding 16,224,638 16,197,328 16,215,338 16,195,533
Dilutive stock options based on the treasury stock method
using average market price 133,490 71,764 120,685 57,026
----------- ----------- ----------- -----------
Totals 16,358,128 16,269,092 16,336,023 16,252,559
=========== =========== =========== ===========
Net income $ 3,898,000 $ 3,233,000 $ 6,147,000 $ 5,719,000
Per share amount $ 0.24 $ 0.20 $ 0.38 $ 0.35
=========== =========== =========== ===========
</TABLE>