CUDAHY, Wis., Jan. 28 /PRNewswire/ -- Ladish Co., Inc. (Nasdaq: LDSH)
(http://www.ladishco.com) today reported 1999 fourth quarter net income of
$3.2 million on sales of $40.9 million, resulting in diluted earnings per
share of $0.23.
    For fiscal 1999, net income was $9.7 million on sales of $170.2 million.
Diluted earnings per share were $0.67.


                           For the Three Months      For the Twelve Months
                            Ended December 31         Ended December 31

    (Dollars in
     thousands,
     except earnings
     per share)
                              1999          1998         1999          1998

    Net sales              $40,911       $50,949     $170,241      $226,767
    Net income              $3,218        $3,662       $9,703       $21,372
    EBITDA                  $6,881        $6,577      $24,296       $35,537
    Basic earnings
     per share               $0.24         $0.26        $0.71         $1.76
    Basic weighted
     average
    shares outstanding  13,611,778    13,833,326   13,715,555    12,155,484
    Diluted earnings
     per share               $0.23         $0.24        $0.67         $1.55
    Diluted weighted
     average
    shares outstanding  14,174,269    15,398,927   14,513,261    13,826,133

    "1999 presented a significant challenge to Ladish with two major equipment
failures compounded by continued softness in the commercial aerospace supply
chain," says Kerry L. Woody, Ladish's President and CEO.  "Faced with these
challenges, we are pleased the people at Ladish responded to these
adversities, serviced our customers and dramatically improved our cost
structure.  In the fourth quarter of 1999 Ladish had returned to similar
profit levels of the comparable period in 1998 in spite of the reduced
business levels in the aerospace industry.  These improvements, combined with
our acquisition of Pacific Cast Technologies, have positioned Ladish for
continued advancement in 2000."

    Ladish Co., Inc. is a leading producer of highly engineered, technically
advanced components for the jet engine, aerospace and general industrial
markets. Ladish is headquartered in Cudahy, Wisconsin with operations in
Wisconsin, Oregon and Connecticut.  Ladish common stock trades on Nasdaq under
the symbol LDSH.

    This release includes forward-looking statements that are made pursuant to
the safe harbor provisions of the Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to certain risks and uncertainties
that could cause actual results to differ materially from those projected in
them.  These risks and uncertainties include, but are not limited to,
anticipated slowdowns in the company's major markets, the impact of
competition, the effectiveness of operational changes expected to increase
efficiency and productivity, worldwide economic and political conditions and
the effect of foreign currency fluctuations.

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