EXHIBIT 11.1



BAIRNCO CORPORATION AND SUBSIDIARIES

CALCULATION OF BASIC AND DILUTED EARNINGS PER SHARE

FOR THE QUARTERS ENDED OCTOBER 1, 2005 AND OCTOBER 2, 2004

(Unaudited)



|                                                                                        | 2005             | 2004             
|--------------------------------------------------------------------------------------- | ---------------- | -----------------
|BASIC EARNINGS PER COMMON SHARE:                                                        |                  |                  
|                                                                                        |                  |                  
|Income from continuing operations                                                       | $      215,000   | $      860,000   
|Income from spun off subsidiary, net of tax                                             | -                | 24,695,000       
|Net income                                                                              | $ 215,000        | $ 25,555,000     
|                                                                                        |                  |                  
|Average common shares outstanding                                                       | 7,346,000        | 7,368,000        
|                                                                                        |                  |                  
|Basic earnings per share from continuing operations                                     | $           0.03 | $            0.12
|Basic earnings per share from spun off subsidiary                                       | -                | 3.35             
|Basic earnings per share                                                                | $           0.03 | $            3.47
|                                                                                        |                  |                  
|DILUTED EARNINGS PER COMMON SHARE:                                                      |                  |                  
|                                                                                        |                  |                  
|Income from continuing operations                                                       | $     215,000    | $      860,000   
|Income from spun off subsidiary, net of tax                                             | -                | 24,695,000       
|Net income                                                                              | $     215,000    | $ 25,555,000     
|                                                                                        |                  |                  
|Average common shares outstanding                                                       | 7,346,000        | 7,368,000        
|Dilutive effect of restricted stock                                                     | 79,000           | 61,000           
|Common shares issuable in respect to options issued to
employees with a dilutive effect | 187,000          | 158,000          
|Total diluted common shares outstanding                                                 | 7,612,000        | 7,587,000        
|                                                                                        |                  |                  
|Diluted earnings per share from continuing operations                                   | $           0.03 | $            0.11
|Diluted earnings per share from spun off subsidiary                                     | -                | 3.25             
|Diluted earnings per share                                                              | $           0.03 | $            3.37
|                                                                                        |                  |                  





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EXHIBIT 11.2



BAIRNCO CORPORATION AND SUBSIDIARIES

CALCULATION OF BASIC AND DILUTED EARNINGS PER SHARE

FOR THE NINE MONTHS ENDED OCTOBER 1, 2005 AND OCTOBER 2, 2004

(Unaudited)





|                                                                                        | 2005              | 2004             
|--------------------------------------------------------------------------------------- | ----------------- | -----------------
|BASIC EARNINGS PER COMMON SHARE:                                                        |                   |                  
|                                                                                        |                   |                  
|Income from continuing operations                                                       | $   2,726,000     | $   3,245,000    
|Income from spun off subsidiary, net of tax                                             | -                 | 24,695,000       
|Net income                                                                              | $   2,726,000     | $ 27,940,000     
|                                                                                        |                   |                  
|Average common shares outstanding                                                       | 7,379,000         | 7,355,000        
|                                                                                        |                   |                  
|Basic earnings per share from continuing operations                                     | $            0.37 | $            0.44
|Basic earnings per share from spun off subsidiary                                       | -                 | 3.36             
|Basic Earnings Per Common Share                                                         | $            0.37 | $            3.80
|                                                                                        |                   |                  
|DILUTED EARNINGS PER COMMON SHARE:                                                      |                   |                  
|                                                                                        |                   |                  
|Income from continuing operations                                                       | $   2,726,000     | $   3,245,000    
|Income from spun off subsidiary, net of tax                                             | -                 | 24,695,000       
|Net income                                                                              | $   2,726,000     | $ 27,940,000     
|                                                                                        |                   |                  
|Average common shares outstanding                                                       | 7,379,000         | 7,355,000        
|Dilutive effect of restricted stock                                                     | 79,000            | 57,000           
|Common shares issuable in respect to options issued to
employees with a dilutive effect | 191,000           | 115,000          
|Total diluted common shares outstanding                                                 | 7,649,000         | 7,527,000        
|                                                                                        |                   |                  
|Diluted earnings per share from continuing operations                                   | $            0.36 | $            0.43
|Diluted earnings per share from spun off subsidiary                                     | -                 | 3.28             
|Diluted Earnings Per Common Share                                                       | $            0.36 | $            3.71
|                                                                                        |                   |                  







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