EXHIBIT 11.1



BAIRNCO CORPORATION AND SUBSIDIARIES

CALCULATION OF BASIC AND DILUTED EARNINGS PER SHARE

FOR THE QUARTERS ENDED JULY 2, 2005 AND JULY 3, 2004

(Unaudited)



|                                                                                             | 2005            | 2004           
|-------------------------------------------------------------------------------------------- | --------------- | ---------------
|BASIC EARNINGS PER COMMON SHARE:                                                             |                 |                
|                                                                                             |                 |                
|Net income                                                                                   | $ 1,509,000     | $ 1,130,000    
|Average common shares outstanding                                                            | 7,398,000       | 7,352,000      
|Basic Earnings Per Common Share                                                              | $          0.20 | $          0.15
|                                                                                             |                 |                
|DILUTED EARNINGS PER COMMON SHARE:                                                           |                 |                
|                                                                                             |                 |                
|Net income                                                                                   | $ 1,509,000     | $ 1,130,000    
|Average common shares outstanding                                                            | 7,398,000       | 7,352,000      
|Dilutive effect of restricted stock                                                          | 75,000          | 54,000         
|Common shares issuable in respect to options issued      to employees with a dilutive effect | 181,000         | 109,000        
|Total diluted common shares outstanding                                                      | 7,654,000       | 7,515,000      
|Diluted Earnings Per Common Share                                                            | $          0.20 | $          0.15
|                                                                                             |                 |                



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EXHIBIT 11.2



BAIRNCO CORPORATION AND SUBSIDIARIES

CALCULATION OF BASIC AND DILUTED EARNINGS PER SHARE

FOR THE SIX MONTHS ENDED JULY 2, 2005 AND JULY 3, 2004

(Unaudited)





|                                                                                             | 2005             | 2004            
|-------------------------------------------------------------------------------------------- | ---------------- | ----------------
|BASIC EARNINGS PER COMMON SHARE:                                                             |                  |                 
|                                                                                             |                  |                 
|Net income                                                                                   | $  2,511,000     | $  2,385,000    
|Average common shares outstanding                                                            | 7,397,000        | 7,348,000       
|Basic Earnings Per Common Share                                                              | $           0.34 | $           0.32
|                                                                                             |                  |                 
|DILUTED EARNINGS PER COMMON SHARE:                                                           |                  |                 
|                                                                                             |                  |                 
|Net income                                                                                   | $  2,511,000     | $  2,385,000    
|Average common shares outstanding                                                            | 7,397,000        | 7,348,000       
|Dilutive effect of restricted stock                                                          | 75,000           | 50,000          
|Common shares issuable in respect to options issued      to employees with a dilutive effect | 194,000          | 85,000          
|Total diluted common shares outstanding                                                      | 7,666,000        | 7,483,000       
|Diluted Earnings Per Common Share                                                            | $           0.33 | $           0.32
|                                                                                             |                  |                 















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