Ladish Projects Future Growth at 2001 Annual Meeting

Apr 03, 2001, 01:00 ET from Ladish Co., Inc.

    CUDAHY, Wis., April 3 /PRNewswire/ -- Ladish Co., Inc. (Nasdaq: LDSH)
 (http://www.ladishco.com) today held its 2001 annual meeting for shareholders.
 At the meeting, President and CEO Kerry Woody reported, "For Ladish, 2000 was
 an improvement over 1999.  A combination of the turnaround in aerospace
 markets and the acquisition of Pacific Cast Technologies resulted in
 significant sales and earnings growth."
     After reviewing the various Ladish operations and plans for improving
 operating efficiencies at the company's three manufacturing facilities, Woody
 advised the shareholders, "Given the momentum we established in 2000, as well
 as our current plans for continuing to grow and improve Ladish, we expect
 sales for 2001 to be in the range of $250 to $260 million and for our earnings
 to increase by 7 to 8%.  Energy prices and the general state of the world
 economy continue to represent two largely external challenges.  However, with
 an order backlog of more than $280 million, we remain guardedly optimistic
 about the global aerospace market and continued demand for Ladish products."
     At the annual meeting, Ladish shareholders re-elected Woody, Lawrence
 Bianchi, Charles Finkl, Wayne Larsen and Robert Sullivan to the Board of
 Directors for the coming year.
     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.
    CUDAHY, Wis., April 3 /PRNewswire/ -- Ladish Co., Inc. (Nasdaq: LDSH)
 (http://www.ladishco.com) today held its 2001 annual meeting for shareholders.
 At the meeting, President and CEO Kerry Woody reported, "For Ladish, 2000 was
 an improvement over 1999.  A combination of the turnaround in aerospace
 markets and the acquisition of Pacific Cast Technologies resulted in
 significant sales and earnings growth."
     After reviewing the various Ladish operations and plans for improving
 operating efficiencies at the company's three manufacturing facilities, Woody
 advised the shareholders, "Given the momentum we established in 2000, as well
 as our current plans for continuing to grow and improve Ladish, we expect
 sales for 2001 to be in the range of $250 to $260 million and for our earnings
 to increase by 7 to 8%.  Energy prices and the general state of the world
 economy continue to represent two largely external challenges.  However, with
 an order backlog of more than $280 million, we remain guardedly optimistic
 about the global aerospace market and continued demand for Ladish products."
     At the annual meeting, Ladish shareholders re-elected Woody, Lawrence
 Bianchi, Charles Finkl, Wayne Larsen and Robert Sullivan to the Board of
 Directors for the coming year.
     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.