Exhibit (12.0) GENERAL SIGNAL CORPORATION Calculation of Ratios of Earnings to Fixed Charges (Dollars in thousands) Nine Months Years Ended December 31, Ended September 30, 1989 1990 1991 1992 1993 1994 Earnings: Earnings (loss) before income taxes $108,482 $(25,193) $89,451 $18,786 $94,398 $117,242 Add: fixed charges 54,526 47,724 40,626 37,029 23,440 14,110 - - ---------------------------------------------------------------------------- $163,008 $22,531 $130,077 $55,815 $117,838 $131,352 Fixed charges: Interest expense $44,759 $37,557 $32,193 $28,629 $18,240 $8,836 One-third of rent expense 9,767 10,167 8,433 8,400 5,200 5,274 - - --------------------------------------------------------------------------- $54,526 $47,724 $40,626 $37,029 $23,440 $14,110 Ratio 2.99 .47(1) 3.20 1.51 5.03 9.31 (1) Earnings are inadequate to cover fixed charges by an amount of approximately $25 million.