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EXHIBIT 11
BRUSH ENGINEERED MATERIALS INC. AND SUBSIDIARIES
COMPUTATION OF PER SHARE EARNINGS
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<CAPTION>
THIRD QUARTER ENDED NINE MONTHS ENDED
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SEP. 29, OCT. 1, SEP. 29, OCT. 1,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Basic:
Average shares outstanding 16,315,523 16,200,229 16,248,733 16,197,158
============ ============ ============ ============
Net income $ 4,084,000 $ (552,000) $ 10,231,000 $ 5,168,000
Per share amount $ 0.25 $ (0.03) $ 0.63 $ 0.32
============ ============ ============ ============
Diluted:
Average shares outstanding 16,315,523 16,200,229 16,248,733 16,197,158
Dilutive stock options based on the treasury stock method
using average market price 205,505 -- 143,702 64,720
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Totals 16,521,028 16,200,229 16,392,435 16,261,878
============ ============ ============ ============
Net income $ 4,084,000 $ (552,000) $ 10,231,000 $ 5,168,000
Per share amount $ 0.25 $ (0.03) $ 0.62 $ 0.32
============ ============ ============ ============
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