CUDAHY, Wisc., Oct. 12 /PRNewswire/ -- During a public conference call on
October 12, 2001, Ladish Co., Inc. (Nasdaq: LDSH) (http://www.ladishco.com)
reviewed its results for the third quarter of 2001 along with the results for
the first nine months of the year. Third quarter 2001 results showed a
15 percent sales increase compared to year-ago figures.
During the conference call, Wayne Larsen, Ladish CFO, corrected a
misunderstanding regarding the Company's October 10, 2001 press release.
Larsen says that the reference to a possible 20% market
decline in aerospace, which may materialize as a result of the September 11,
2001 events, was directed at future sales. Some wire services have
erroneously reported that the decline has already occurred. It has not.
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.
SOURCE Ladish Co., Inc.
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CONTACT:
Wayne E. Larsen of Ladish Co., Inc.,
+1-414-747-2935, fax - +1-414-747-2890; or William J. Libby of
Libby Communications, +1-203-431-8480, fax - +1-203-431-6132
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