H.B. Fuller (FUL) 10-Q 2007 Q3 Quarterly report

Exhibit 12

H.B. FULLER COMPANY

Computations of Ratios of Earnings to Fixed Charges and

Ratios of Earnings to Fixed Charges and Preferred Stock Dividends

(Thousands of Dollars)

	Nine Months Ended September 1,		Fiscal Year
	2007		2006		2005		2004		2003		2002
Ratio of Earnings to Fixed Charges:
Earnings:
Income before income taxes, minority interests, equity investments and accounting change	$	99,298	$	100,030	$	74,365	$	38,922	$	46,370	$	35,350
Add:
Interest expense		10,305		17,823		13,191		14,650		15,500		18,389
Interest portion of rental expense		605		1,057		1,268		1,267		1,317		1,642
Distributed earnings of 20-50% owned companies		—		846		522		365		470		—
Total Earnings Available for Fixed Charges	$	110,208	$	119,756	$	89,346	$	55,204	$	63,657	$	55,381
Fixed charges:
Interest on debt	$	9,810	$	17,526	$	12,674	$	14,490	$	14,683	$	17,559
Interest portion of rental expense		606		1,057		1,268		1,267		1,317		1,642
Total fixed charges	$	10,416	$	18,583	$	13,942	$	15,757	$	16,000	$	19,201
Ratio of earnings to fixed charges		10.6		6.4		6.4		3.5		4.0		2.9
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends:
Total fixed charges, as above	$	10,416	$	18,583	$	13,942	$	15,757	$	16,000	$	19,201
Dividends on preferred stock (pre-tax basis)		—		—		—		—		—		11
Total fixed charges and preferred stock dividends	$	10,416	$	18,583	$	13,942	$	15,757	$	16,000	$	19,212
Earnings available for fixed charges and preferred stock dividends	$	110,208	$	119,756	$	89,346	$	55,204	$	63,657	$	55,381
Ratio of earnings to fixed charges and preferred stock dividends		10.6		6.4		6.4		3.5		4.0		2.9