CUDAHY, Wis., Feb. 16 /PRNewswire/ -- Ladish Co., Inc. (Nasdaq: LDSH)
(http://www.ladishco.com) today announced that the Board of Directors has
approved an additional increase to the Stock Buy-Back Program initially
adopted in the third quarter of 1998. The Board of Directors authorized the
purchase of up to 1,000,000 additional shares of Ladish Common Stock, or stock
equivalents, bringing the total authorization under the Program to 3,500,000
shares.
Kerry L. Woody, President & CEO of Ladish, reports that the Board of
Directors has elected to adopt this increase as a result of the Company having
already completed the repurchase of 2,500,000 shares under the Program.
According to Woody, "We remain committed to improving and growing Ladish both
internally and externally. We believe the continuation and expansion of the
repurchase of Ladish stock gives us an additional opportunity to provide value
to our shareholders."
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, Connecticut and Oregon. 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.
SOURCE Ladish Co., Inc.
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Related links:
http://www.ladishco.com
CONTACT:
Wayne E. Larsen of Ladish Co., Inc.,
414-747-2935, fax: 414-747-2890; or William J. Libby of Libby
Communications, 203-431-8480, fax: 203-431-6132, for Ladish Co.,
Inc.
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