EXHIBIT 12.1
ERICO INTERNATIONAL CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS)
THREE MONTHS ENDED
YEAR ENDED DECEMBER 31, MARCH 31,
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1999 2000 2001 2002 2003 2003 2004
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Earnings as defined:
Income from before income taxes $12,300 $10,120 $ 9,448 $18,735 $20,455 $ 4,654 $ 3,350
Plus: fixed charges 8,522 6,992 7,320 6,493 14,870 3,568 4,206
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Earnings $20,822 $17,112 $16,768 $25,228 $35,325 $ 8,222 $ 7,556
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Fixed Charges as defined:
Interest expense, including
amortization of debt issue
costs $ 7,272 $ 5,792 $ 5,590 $ 5,033 $13,360 $ 3,193 $ 3,831
Estimated interest factor on
rental expense 1,250 1,200 1,730 1,460 1,510 375 375
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Fixed Charges $ 8,522 $ 6,992 $ 7,320 $ 6,493 $14,870 $ 3,568 $ 4,206
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Ratio of Earnings to Fixed
Charges (1) 2.4 2.4 2.3 3.9 2.4 2.3 1.8
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(1) The ratio of earnings to fixed charges is determined by dividing income
before income taxes, adjusted for interest expense, debt expense amortization
and the portion of rental expense deemed representative of an interest factor by
the sum of interest expense, debt expense amortization and the portion of rental
expense deemed representative of an interest factor.