EX-12.1 4 s002035x1_ex12-1.htm EXHIBIT 12.1
Exhibit 12.1

CRANE CO.
 
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in $000s) 
            
 
  
For the Nine
Months ended
September 30,
    
For the Year Ended December 31,
  
   
2017
    
2016
    
2015
    
2014
    
2013
    
2012
  
Earnings
                                    
Pretax income from continuing operations
  
$
284,700
    
$
164,100
    
$
336,500
    
$
281,156
    
$
326,016
    
$
284,605
  
Add: Fixed charges          
    
33,910
      
44,967
      
46,167
      
48,767
      
35,427
      
35,731
  
Less: Minority Interest          
    
600
      
1,000
      
1,100
      
900
      
1,449
      
828
  
Total Earnings Available for Fixed Charges
  
$
318,010
    
$
208,067
    
$
381,567
    
$
329,023
    
$
359,994
    
$
319,508
  
                                                 
Fixed Charges
                                                
Interest Expense(1)  
  
$
27,300
    
$
36,500
    
$
37,600
    
$
39,200
    
$
26,460
    
$
26,831
  
 Portions of rents representing interest factor(2)
    
6,610
      
8,467
      
8,567
      
9,567
      
8,967
      
8,900
  
Total Fixed Charges          
  
$
33,910
    
$
44,967
    
$
46,167
    
$
48,767
    
$
35,427
    
$
35,731
  
                                                 
Ratio of Earnings to Fixed Charges
    
9.4
      
4.6
      
8.3
      
6.8
      
10.2
      
8.9
  

(1) Interest expense includes original issue discount and deferred financing amortization.

(2) Approximately one-third of rental expense is deemed representative of the interest factor.