EX-12.1 4 fy2018q1exhibit121.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, 2018
Income before income taxes | $ | 65.5 |
Loss recognized on less than fifty percent owned persons | 0.1 |
Noncontrolling interest in the income of subsidiary with fixed charges | (2.5 | )
| $ | 63.1 |
Fixed Charges: |
Interest expense | $ | 24.7 |
Portion of rents deemed to be interest | 2.0 |
Capitalized interest | 0.9 |
Amortization of debt expense | 0.9 |
Fixed charges excluding capitalized interest | 28.5 |
Earnings adjustments: |
Capitalized interest | (0.9 | )
Earnings, as adjusted | $ | 90.7 |
Ratio of earnings to fixed charges | 3.2 |