Exhibit 12.1
RBS GLOBAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollars in millions)
Historical | Pro Forma | |||||||||||||||||||||||||||||||
Fiscal Year Ended March 31, | Nine Months 2006 | Predecessor 2006 | Successor 2006 | LTM Ended 2006 | 12 Months Ended December 30, 2006 | |||||||||||||||||||||||||||
2004 | 2005 | 2006 | Pre-transaction | Post-transaction | ||||||||||||||||||||||||||||
(unaudited) | (unaudited) | |||||||||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||||||||||
Income (loss) from continuing operations before income | $ | 22.9 | $ | 35.8 | $ | 39.2 | $ | 22.6 | $ | (55.7 | ) | $ | (4.6 | ) | $ | (43.7 | ) | $ | (29.4 | ) | $ | (16.4 | ) | |||||||||
Fixed charges | 47.2 | 46.0 | 64.0 | 46.4 | 21.8 | 64.2 | 103.6 | 142.5 | 204.6 | |||||||||||||||||||||||
Earnings adjusted for fixed charges | 70.1 | 81.8 | 103.2 | 69.0 | (33.9 | ) | 59.6 | 59.9 | 113.1 | 188.2 | ||||||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||||||
Interest expensed and capitalized (2) | 45.4 | 44.0 | 61.5 | 45.2 | 21.0 | 63.7 | 101.0 | 139.9 | 200.9 | |||||||||||||||||||||||
Interest (representative of rental expense) (3) | 1.8 | 2.0 | 2.5 | 1.2 | 0.8 | 0.5 | 2.6 | 2.6 | 3.7 | |||||||||||||||||||||||
Total fixed charges | 47.2 | 46.0 | 64.0 | 46.4 | 21.8 | 64.2 | 103.6 | 142.5 | 204.6 | |||||||||||||||||||||||
Ratio of earnings to fixed charges | 1.5x | 1.8x | 1.6x | 1.5x | NM | 0.9x | 0.6x | 0.8x | 0.9x | |||||||||||||||||||||||
(1) | Pre tax income from continuing operations before adjustments for minority interests in consolidated subsidiaries or income or loss from equity investees. |
(2) | Fixed charges including amortized premiums, discounts and capitalized expenses related to indebtedness. |
(3) | An estimate of the interest within rental expense (total rent expense) 33%. |