Exhibit 12.1

Twin Disc, Incorporated

Computation of Ratio of Earnings to Fixed Charges

(Dollars in thousands)

	For the fiscal years ended June 30,
	2018			2017			2016			2015			2014
Fixed charges:
Interest expensed	$	282		$	303		$	426		$	606		$	936
Amortized debt issuance costs		35			35			10			6			6
Estimated interest component of rent expense (a)		375			420			456			499			552
Total fixed charges	$	692		$	758		$	892		$	1,111		$	1,494
Earnings:
Pre tax earnings before noncontrolling interest	$	14,420		$	(9,529	)	$	(25,295	)	$	15,900		$	8,096
Add: Fixed charges		692			758			892			1,111			1,494
Less: noncontrolling interest in pre-tax income		(177	)		(265	)		(147	)		(335	)		(388	)
Total earnings	$	14,934		$	(9,036	)	$	(24,550	)	$	16,676		$	9,202
Ratio of earnings to fixed charges		21.6			nm*			nm*			15.0			6.2
(a) The estimate of the interest component in rent expense is calculated as 14.1% of the total rent expense for the period, which is considered to be reasonable.
*The ratio of earnings to fixed charges was less than one-to-one for the fiscal years ended June 30, 2017 and 2016 by $9,794 and $25,442 of earnings respectively.