CUDAHY, Wis., April 12 /PRNewswire/ -- Ladish Co., Inc. (Nasdaq: LDSH)
(http://www.ladishco.com) today reported 2000 first quarter net income of
$4.89 million on sales of $54.85 million, resulting in diluted earnings per
share of $0.35.
During the first three months of 2000, Ladish experienced a 28% growth in
sales over the comparable period in 1999 and a 250% improvement in
profitability," says Kerry L. Woody, Ladish's President and CEO. "We are
pleased with the Company's performance this quarter overcoming a labor
disruption. The success we achieved is attributed to the commitment and
efforts of the men and women working at Ladish."
For the Three Months
(Dollars in thousands, Ended March 31
except earnings per share 2000 1999
Net sales $54,852 $42,756
Net income $4,893 $1,469
EBITDA $10,150 $4,888
Basic earnings per share $0.36 $0.11
Weighted average shares outstanding 13,464,804 13,871,887
Diluted earnings per share $0.35 $0.10
Weighted average shares outstanding 14,015,573 15,208,660
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.
SOURCE Ladish CO., Inc.
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Related links:
http://www.ladishco.com
Company News On-Call:
http://www.prnewswire.com/comp/131444.html or fax,
800-758-5804, ext. 131444
CONTACT:
Wayne E. Larsen of Ladish Co., 414-747-2935,
or fax, 414-747-2890; or William J. Libby of Libby Associates,
203-431-8480, or fax, 203-431-6132, for Ladish Co.
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