1 Exhibit 12.1 GLASSTECH, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES PREDECESSOR COMPANY REORGANIZED COMPANY --------------- ----------------------------------------------------- PERIOD FROM PERIOD FROM JULY 1, 1994 JANUARY 4, 1995 THROUGH THROUGH YEAR ENDED YEAR ENDED JANUARY 3, 1995 JUNE 30, 1995 JUNE 30, 1996 JUNE 30, 1997 --------------- --------------- ------------- ------------- | Consolidated income before income taxes $ 219 | $ 915 $ 3,400 $ 9,127 Add: | Interest expense - | 2,077 4,200 4,200 Amortization of deferred financing costs - | - - - Portion of operting lease rentals deemed | to be interest 50 | 50 100 100 --------------- | --------------- ------------- ------------- Consolidated income as adjusted $ 269 | $ 3,042 $ 7,700 $ 13,427 =============== | =============== ============= ============= | Fixed charges: | Interest expense $ - | 2,077 4,200 4,200 Amortization of deferred financing costs - | - - - Portion of operting lease rentals deemed | to be interest 50 | 50 100 100 --------------- | --------------- ------------- ------------- Total fixed charges $ 50 | $ 2,127 $ 4,300 $ 4,300 =============== | =============== ============= ============= | Ratio of earnings to fixed charges 5.40 | 1.40 1.80 3.12 |