.
.
.
EXHIBIT 12.1
NORTEK HOLDINGS, INC.
RATIO OF EARNINGS TO FIXED CHARGES
FOR S-4 FILING
ACTUAL
----------------------------------------------------------------- PRO FORMA
YEAR ENDED DECEMBER 31, PERIOD FROM PERIOD FROM -------------
----------------------------- JAN. 1, 2003 TO JAN. 10, 2003 YEAR ENDED
1999 2000 2001 2002 JAN. 9, 2003 TO DEC. 31, 2003 DEC. 31, 2003
----- ----- ----- ----- --------------- ---------------- -------------
(IN MILLIONS EXCEPT RATIOS)
EARNINGS:
Earnings (loss) from continuing
operations 56.4 58.3 32.8 43.6 (60.9) 62.0 35.8
Provision (benefit) for income taxes 40.2 39.1 27.8 29.5 (21.8) 41.3 27.8
----- ----- ----- ----- ----- ----- -----
"Earnings" 96.6 97.4 60.6 73.1 (82.7) 103.3 63.6
----- ----- ----- ----- ----- ----- -----
FIXED CHARGES:
Interest expense including
amortization of debt expense
and discount 47.4 47.6 51.8 52.4 1.0 57.6 92.4
Interest portion of rental expense 3.0 4.1 4.5 4.7 0.1 5.0 5.1
----- ----- ----- ----- ----- ----- -----
"Fixed Charges" 50.4 51.7 56.3 57.1 1.1 62.6 97.5
----- ----- ----- ----- ----- ----- -----
Earnings Available for Fixed Charges 147.0 149.1 116.9 130.2 (81.6)(1) 165.9 161.1
----- ----- ----- ----- ----- ----- -----
Ratio of Earnings to Fixed Charges 2.9x 2.9x 2.1x 2.3x 2.7x 1.7x
ACTUAL PRO FORMA PRO FORMA
----------------------------------- ------------ ------------
PERIOD FROM SIX MONTHS SIX MONTHS SIX MONTHS
JAN. 10, 2003 TO ENDED ENDED ENDED
JUL. 5, 2003 JUL. 3, 2004 JUL. 5, 2003 JUL. 3, 2004
---------------- ---------------- ------------- ------------
EARNINGS:
Earnings (loss) from continuing
operations 29.5 19.6 15.0 27.8
Provision (benefit) for income taxes 20.1 13.8 12.6 18.3
---- ---- ---- ----
"Earnings" 49.6 33.4 27.6 46.1
---- ---- ---- ----
FIXED CHARGES:
Interest expense including
amortization of debt expense
and discount 29.4 44.0 47.1 45.1
Interest portion of rental expense 2.5 2.5 2.6 2.5
---- ---- ---- ----
"Fixed Charges" 31.9 46.5 49.7 47.6
---- ---- ---- ----
Earnings Available for Fixed Charges 81.5 79.9 77.3 93.7
---- ---- ---- ----
Ratio of Earnings to Fixed Charges 2.6x 1.7x 1.6x 2.0x
(1) Earnings were insufficient to cover fixed charges by approximately $81.6
million for the period from January 1, 2003 to January 9, 2003.