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EXHIBIT 12
PENHALL INTERNATIONAL CORP. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
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| FISCAL YEAR ENDED JUNE 30, |
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| 2000 |
| 2001 |
| 2002 |
| 2003 |
| 2004 |
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Earnings (loss) before income taxes |
| $ | 10,326 |
| $ | 9,159 |
| $ | (2,473 | ) | $ | (9,361 | ) | $ | (7,985 | ) |
Fixed charges - interest expense (1) |
| 15,920 |
| 15,624 |
| 14,747 |
| 14,839 |
| 14,645 |
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| $ | 26,246 |
| $ | 24,783 |
| $ | 12,274 |
| $ | 5,478 |
| $ | 6,660 |
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Ratio of earnings to fixed charges |
| 1.6 to 1 |
| 1.6 to 1 |
| .8 to 1 |
| .4 to 1 |
| .5 to 1 |
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Coverage deficiency |
| $ | — |
| $ | — |
| $ | 2,473 |
| $ | 9,361 |
| $ | 7,985 |
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(1) Fixed charges - interest expense includes a component for interest computed on rent expense that approximates 30% of the total rent expense for each period presented.
1