Ladish Reports Net Income of $12.9 Million for First Nine Months of 2000

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Ladish Reports Net Income of $12.9 Million for First Nine Months of 2000

    CUDAHY, Wis., Oct. 16 /PRNewswire/ -- Ladish Co., Inc. (Nasdaq: LDSH)
(http://www.ladishco.com) today reported 2000 third quarter net income of
$3.8 million on sales of $58.4 million, resulting in diluted earnings per
share of $0.28.
    For the first nine months of 2000, net income was $12.9 million, while
sales were $170.7 million.  Diluted earnings per share for the nine months
ended September 30, 2000 were $0.94.
    "Ladish results for the third quarter of 2000 reflect a significant
improvement over 1999 as we continue to benefit from a strong aerospace
market," says Kerry L. Woody, Ladish's President and CEO.  "We are pleased
Ladish has benefited from the upturn in our markets and improved operating
efficiencies.  This improvement in the third quarter of 2000 occurred despite
being faced with unprecedented price increases for utilities and having to
recognize a material charge to earnings due to new financial standards on
option programs.  Looking forward for the remainder of this year and 2001, we
are optimistic about opportunities in the aerospace market and Ladish's
ability to capitalize on them."

    (Dollars in thousands, except earnings per share)

                               For the Three Months       For the Nine Months
                                Ended September 30        Ended September 30
                                 2000        1999         2000         1999

    Net sales                   $58,399     $41,803     $170,665    $129,330
    Net income                   $3,765      $2,488      $12,903      $6,485
    EBITDA                       $8,683      $6,308      $28,371     $17,415
    Basic earnings per share      $0.29       $0.18        $0.98       $0.47
    Basic weighted average
     shares outstanding      12,889,319  13,700,041   13,128,964  13,750,528
    Diluted earnings per share    $0.28       $0.17        $0.94       $0.44
    Diluted weighted average
     shares outstanding      13,647,165  14,271,807   13,778,539  14,626,639

    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.

http://www.ladishco.com
CONTACT:
Wayne E. Larsen of Ladish Co., Inc.,
414-747-2935, or fax, 414-747-2890