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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 57.2 60.0 33.8 44.2 (60.9) 62.1 32.0
Provision (benefit) for income taxes 40.6 40.0 28.3 29.8 (21.8) 41.4 25.8
----- ----- ----- ----- ----- ----- -----
"Earnings" 97.8 100.0 62.1 74.0 (82.7) 103.5 57.8
----- ----- ----- ----- ----- ----- -----
FIXED CHARGES:
Interest expense including
amortization of debt expense
and discount 47.4 47.6 51.7 52.3 1.0 57.4 98.1
Interest portion of rental expense 3.0 3.8 4.4 4.7 0.1 4.9 5.0
----- ----- ----- ----- ----- ----- -----
"Fixed Charges" 50.4 51.4 56.1 57.0 1.1 62.3 103.1
----- ----- ----- ----- ----- ----- -----
Earnings Available for Fixed Charges 148.2 151.4 118.2 131.0 (81.6)(1) 165.8 160.9
----- ----- ----- ----- ----- ----- -----
Ratio of Earnings to Fixed Charges 2.9x 2.9x 2.1x 2.3x 2.7x 1.6x
ACTUAL PRO FORMA PRO FORMA
------------------------------------------------------- --------------- ----------------
PERIOD FROM PERIOD FROM PERIOD FROM NINE MONTHS PERIOD FROM
JAN. 10, 2003 TO JAN. 1, 2004 TO AUGUST 28, 2004 ENDED JAN. 1, 2004 TO
OCTOBER 3, 2003 AUGUST 27, 2004 TO OCTOBER 2, 2004 OCTOBER 3, 2003 AUGUST 27, 2004
---------------- ---------------- ------------------ --------------- ----------------
EARNINGS:
Earnings (loss) from continuing
operations 50.5 (111.3) (0.4) 25.2 35.0
Provision (benefit) for income taxes 36.5 (41.4) (0.3) 23.3 23.4
---- ---- ---- ---- ----
"Earnings" 87.0 (152.7) (0.7) 48.5 58.4
---- ---- ---- ---- ----
FIXED CHARGES:
Interest expense including
amortization of debt expense
and discount 41.9 56.1 16.2 75.0 61.4
Interest portion of rental expense 3.7 3.3 0.4 3.8 3.3
---- ---- ---- ---- ----
"Fixed Charges" 45.6 59.4 16.6 78.8 64.7
---- ---- ---- ---- ----
Earnings Available for Fixed Charges 132.6 (93.3)(1) 15.9(1) 127.3 123.1
---- ---- ---- ---- ----
Ratio of Earnings to Fixed Charges 2.9x 1.6x 1.9x
(1) Earnings were insufficient to cover fixed charges by approximately $82.7
million, $152.7 million and $0.7 million for the periods from January 1, 2003 to
January 9, 2003, January 1, 2004 to August 27, 2004 and the period from August
27, 2004 to October 2, 2004.