EX-12.1 7 fy2015q1exhibit121.htm EXHIBIT 12.1
Exhibit 12.1
Allegheny Technologies Incorporated
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
(Unaudited)

| Three Months Ended
| March 31, 2015
Income from continuing operations before income tax benefit and cumulative effect of change in accounting principle | $ | 20.6 |
Loss recognized on less than fifty percent owned persons | 0.2 |
Noncontrolling interest in the income of subsidiary with fixed charges | (2.6 | )
| $ | 18.2 |
Fixed Charges: |
Interest expense | $ | 26.5 |
Portion of rents deemed to be interest | 1.8 |
Capitalized interest | 0.6 |
Amortization of debt expense | 0.4 |
Fixed charges excluding capitalized interest | 29.3 |
Earnings adjustments: |
Capitalized interest | (0.6 | )
Earnings, as adjusted | $ | 46.9 |
Ratio of earnings to fixed charges | 1.6 |