EX-12 3 ex12.htm

EXHIBIT 12

| Standex International Corporation
| Ratio of Earnings to Fixed Charges
|  | Three months ended |  |  |  |  |  |  |  |  |
|  |  | September 30, |  | Year ended June 30,
(in thousands, except for ratios) | 2015 |  | 2014 |  | 2015 |  | 2014 |  | 2013 |  | 2012 |  | 2011
Earnings: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Income from continuing operations before |  |  |  |  |  |  |  |  |  |  |  |  |
| provision (benefit) for income taxes |  | 22,649 |  | 20,859 |  | 76,117 |  | 67,803 |  | 59,298 |  | 61,595 |  | 52,668
Add: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Fixed charges |  | 809 |  | 804 |  | 3,749 |  | 2,780 |  | 2,933 |  | 2,737 |  | 2,508
Total earnings |  | 23,458 |  | 21,663 |  | 79,866 |  | 70,583 |  | 62,231 |  | 64,332 |  | 55,176
Fixed charges |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Interest expense |  | 644 |  | 643 |  | 3,161 |  | 2,249 |  | 2,469 |  | 2,280 |  | 2,107
| Rental interest factor |  | 165 |  | 161 |  | 588 |  | 531 |  | 464 |  | 457 |  | 401
Total fixed changes |  | 809 |  | 804 |  | 3,749 |  | 2,780 |  | 2,933 |  | 2,737 |  | 2,508
Ratio of earnings to fixed charges (1) |  | 28.99:1 |  | 26.94:1 |  | 21.30:1 |  | 25.39:1 |  | 21.22:1 |  | 23.51:1 |  | 22.00:1

(1) | For purposes of calculating the ratio of earnings to fixed charges, the sum of income from continuing operations before provision for income taxes plus fixed charges is divided by fixed charges. "Fixed charges" represent interest expense and the estimated interest component of rental expense.