EX-12 3 exh12.htm RATIO OF EARNINGS TO FIXED CHARGES Gardner Denver, Inc. Exhibit 12 to Form S-3

Exhibit 12

RATIO OF EARNINGS TO FIXED CHARGES

GARDNER DENVER, INC.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)

  For the Nine Months
Ended September 30,
  For the Year Ended  
 
 
 
  2004   2003   2003   2002   2001   2000   1999  
 
 
 
Earnings:                
     Income before income taxes  $35,586   $20,799   $30,358   $28,827   $34,683   $29,894   $29,157  
     Plus: 
         Fixed Charges  7,617   4,378   6,019   7,483   7,789   8,486   6,746  
 
 
 
 
 
 
 
 
         Total  $43,203   $25,177   $36,377   $36,310   $42,472   $38,380   $35,903  
 
 
 
 
 
 
 
 
Fixed charges: 
     Interest expense incl. amortization of  $  5,949   $  3,411   $  4,748   $  6,365   $  6,796   $  7,669   $  5,934  
     debt expense 
     Rentals-portion representative of interest  1,668   967   1,271   1,118   993   817   812  
 
 
 
 
 
 
 
 
         Total  $  7,617   $  4,378   $  6,019   $  7,483   $  7,789   $  8,486   $  6,746  
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges  5.7   5.8   6.0   4.9   5.5   4.5   5.3