EX-12.1 3 d575027dex121.htm EX-12.1

Exhibit 12.1

Allegheny Technologies Incorporated

Computation of Ratio of Earnings to Fixed Charges

(Dollars in millions)

(Unaudited)

|  | Six |
|  | Months |
|  | Ended |
|  | 6/30/2013 |
Income before income tax provision and cumulative effect of change in accounting principle |  | $ | 23.0 |
(Income) loss recognized on less than fifty percent owned persons |  |  | 10.1 |
Noncontrolling interest in the income of subsidiary with fixed charges |  |  | (3.8 | )
|  | $ | 29.3 |
Fixed Charges: |  |  |  |
Interest expense |  | $ | 26.9 |
Portion of rents deemed to be interest |  |  | 3.9 |
Capitalized interest |  |  | 20.2 |
Amortization of debt expense |  |  | 1.8 |
Fixed charges excluding capitalized interest |  |  | 52.8 |
Earnings adjustments: |  |  |  |
Capitalized interest |  |  | (20.2 | )
Earnings, as adjusted |  | $ | 61.9 |
Ratio of earnings to fixed charges |  |  | 1.2 |