The Timken Company (TKR) 10-Q 2007 Q2 Quarterly report

EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands, except ratio amounts)

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2007		2006		2007		2006
Income from continuing operations before income taxes	$	89,717	$	90,022	$	157,703	$	171,282
Share of undistributed losses from 50%-or-less-owned affiliates, excluding affiliates with guaranteed debt		—		128		—		816
Amortization of capitalized interest		266		307		578		608
Interest expense		10,080		12,718		19,724		25,783
Interest portion of rental expense		1,536		1,083		3,071		2,097
Earnings	$	101,599	$	104,258	$	181,076	$	200,586
Interest	$	10,823	$	13,658	$	22,433	$	26,924
Interest portion of rental expense		1,536		1,083		3,071		2,097
Interest expense relating to guaranteed debt of 50%-or-less-owned affiliates		—		—		—		—
Fixed Charges	$	12,359	$	14,741	$	25,504	$	29,021
Ratio of Earnings to Fixed Charges		8.22		7.07		7.10		6.91