Flow International 10-Q 2009 Q3 Quarterly report

Exhibit 99.1

DEBT COVENANT COMPLIANCE
AS OF JANUARY 31, 2009

Consolidated Adjusted EBITDA:

(in 000s)	LTM*			Q4 FY08			Q1 FY09			Q2 FY09		Q3 FY09
Net Income	$	(6,013	)	$	13,335		$	1,603		$	412	$	(21,363	)
Add Back:
Depreciation and Amortization		4,549			1,339			1,050			1,047		1,113
Income Tax Provision (Benefit)		(14,671	)		(8,391	)		2,664			2,162		(11,106	)
Interest Income (Expense)		276			(60	)		(49	)		37		348
Non-Cash Charges		9,945			3,566			526			1,672		4,181
Allowable Add backs Pursuant to Credit Facility Agreement, as amended		31,400			—			1,696			404		29,300
Consolidated Adjusted EBITDA	$	25,486		$	9,789		$	7,491		$	5,734	$	2,473
Minimum Required	$	20,000

* Last Twelve Months (Most Recent Four Fiscal Quarters)

Consolidated Leverage Ratio:

Long-Term Obligations and Notes Payable	$	5,444
Letters of Credit		2,066
Consolidated Debt	$	7,510
Consolidated Adjusted EBITDA	$	25,486
Consolidated Leverage Ratio		0.3
Maximum Permitted	2.5 to 1.0

Consolidated Interest Coverage Ratio:

Consolidated Adjusted EBITDA	$	25,486
Interest Expense	$	729
Interest Coverage		35.0
Minimum Interest Coverage Required		3.5