Exhibit 12.1

Actuant Corporation

Statements Regarding Computation of Ratio of Earnings to Fixed Charges

(amounts in thousands)

 

     Fiscal Year Ended August 31,     Three Months Ended:
     2004    2005    2006    2007    2008     November 30,
2007		    November 30,
2008 (a)

Earnings from continuing operations before income tax expense and minority interest, as reported

    $ 38,825    $ 105,708    $ 125,849    $ 151,690    $ 177,931     $ 42,570    $ 12,963

Adjustments:

                    

Add: fixed charges

      14,597      18,352      28,016      35,622      40,544       10,233      13,242

Less: capitalized interest

      —        —        —        —        (171 )     —        —  
                                                 

Earnings from continuing operations before income tax expense and minority interest, as adjusted

      53,422      124,060      153,865      187,312      218,304       52,803      26,205

Fixed Charges:

                    

Interest incurred

      13,669      17,099      26,493      33,747      38,262       9,668      12,607

Interest component of rent expense (estimated at 7.25%)

      928      1,253      1,523      1,875      2,282       565      635
                                                 
     14,597      18,352      28,016      35,622      40,544       10,233      13,242

Earnings to fixed charges ratio

      3.7      6.8      5.5      5.3      5.4       5.2      2.0

 

(a) Earnings from continuing operations before income tax expense and minority interest for the three months ended November 30, 2008 include a $26,553 non-cash impairment charge related to the goodwill, intangible assets and fixed assets of the Recreational Vehicle reporting unit (as disclosed in the Company's Form 10-Q filed with the Securities and Exchange Commission on January 8, 2009). Excluding the impairment charge, the earnings to fixed charge coverage ratio would have been 4.0 for the three months ended November 30, 2008.