SECURITIES AND EXCHANGE
COMMISSION Washington, D.C. 20549

# FORM 10-Q

# QUARTERLY REPORT UNDER
SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarter Ended  
September 30, 2004

Commission File Number  
0-23539

|LADISH CO., INC.                                      
|------------------------------------------------------
|(Exact name of registrant as specified in its charter)

|Wisconsin                       | 31-1145953         
|------------------------------- | -------------------
|(State or other Jurisdiction of | (I.R.S. Employer   
|incorporation or organization)  | Identification No.)

|5481 South Packard Avenue, Cudahy, Wisconsin | 53110     
|-------------------------------------------- | ----------
|(Address of principal executive offices)     | (Zip Code)

|(414) 747-2611                                      
|----------------------------------------------------
|(Registrant's telephone number, including area code)

Indicate
by check mark whether the Registrant (1) has filed all reports required to be filed by
Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12
months, and (2) has been subject to such filing requirements for the past 90 days.

|Yes | X | No | 
|--- | - | -- | 

Indicate
by check mark whether the Registrant is an accelerated filer (as defined in Rule 12b-2 of
the Exchange Act).

|Yes |  | No | X
|--- |  | -- | -

Indicate
the number of shares outstanding of each of the issuers classes of common stock, as
of the latest practicable date.

|Class                         | Outstanding at September 30, 2004
|----------------------------- | ---------------------------------
|Common Stock, $0.01 Par Value | 13,553,393                       

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# PART I 
FINANCIAL INFORMATION

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LADISH CO., INC.
CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars in Thousands, Except Per Share Data)

|                                             
|---------------------------------------------
|2004                                         
|Net sales                                    
|Cost of sales                                
|                                             
|Gross profit                                 
|Selling, general and administrative expenses 
|                                             
|Income from operations                       
|Other income (expense):                      
|Interest expense                             
|Other, net                                   
|                                             
|Income before income tax provision           
|Income tax provision                         
|                                             
|Net income                                   
|                                             
|Basic earnings per share                     
|Diluted earnings per share                   
|Basic weighted average shares outstanding    
|Diluted weighted average shares outstanding .

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LADISH CO., INC.
CONSOLIDATED BALANCE SHEETS (Dollars in Thousands, Except Share Data)

|Assets                                                                                | September 30,
2004 | December 31,
2003
|------------------------------------------------------------------------------------- | ------------------ | -----------------
|Current assets:                                                                       |                    |                  
|Cash and cash equivalents                                                             |                    |                  
|Accounts receivable, less allowance of $179 and $191, respectively                    |                    |                  
|Inventories                                                                           |                    |                  
|Deferred income taxes                                                                 |                    |                  
|Prepaid expenses and other current assets                                             |                    |                  
|                                                                                      |                    |                  
|Total current assets                                                                  |                    |                  
|                                                                                      |                    |                  
|Property, plant and equipment:                                                        |                    |                  
|Land and improvements                                                                 |                    |                  
|Buildings and improvements                                                            |                    |                  
|Machinery and equipment                                                               |                    |                  
|Construction in progress                                                              |                    |                  
|                                                                                      |                    |                  
|                                                                                      |                    |                  
|Less - accumulated depreciation                                                       |                    |                  
|                                                                                      |                    |                  
|Net property, plant and equipment                                                     |                    |                  
|Deferred income taxes                                                                 |                    |                  
|Other assets                                                                          |                    |                  
|                                                                                      |                    |                  
|Total assets                                                                          |                    |                  
|                                                                                      |                    |                  
|Liabilities and Stockholders' Equity                                                  |                    |                  
|Current liabilities:                                                                  |                    |                  
|Senior notes                                                                          |                    |                  
|Accounts payable                                                                      |                    |                  
|Accrued liabilities:                                                                  |                    |                  
|Pensions                                                                              |                    |                  
|Postretirement benefits                                                               |                    |                  
|Wages and salaries                                                                    |                    |                  
|Taxes, other than income taxes                                                        |                    |                  
|Interest                                                                              |                    |                  
|Paid progress billings                                                                |                    |                  
|Other                                                                                 |                    |                  
|                                                                                      |                    |                  
|Total current liabilities                                                             |                    |                  
|Long term liabilities:                                                                |                    |                  
|Senior notes                                                                          |                    |                  
|Postretirement benefits                                                               |                    |                  
|Pensions                                                                              |                    |                  
|Other noncurrent liabilities                                                          |                    |                  
|                                                                                      |                    |                  
|Total liabilities                                                                     |                    |                  
|                                                                                      |                    |                  
|Stockholders' equity:                                                                 |                    |                  
|Common stock - authorized 100,000,000, issued 14,573,515                              |                    |                  
|shares at each date of $.01 par value                                                 |                    |                  
|Additional paid-in capital                                                            |                    |                  
|Retained earnings                                                                     |                    |                  
|Treasury stock, 1,020,122 and 1,550,122 shares of common stock in each period at cost |                    |                  
|Additional minimum pension liability                                                  |                    |                  
|                                                                                      |                    |                  
|Total stockholders' equity                                                            |                    |                  
|                                                                                      |                    |                  
|Total liabilities and stockholders' equity                                            |                    |                  
|                                                                                      |                    |                  

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LADISH CO., INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS (Dollars in Thousands)

|                                                    
|----------------------------------------------------
|2004                                                
|CASH FLOWS FROM OPERATING ACTIVITIES:               
|Net income                                          
|Adjustments to reconcile net income to net cash     
|provided by (used for) operating activities:        
|Depreciation                                        
|Deferred income taxes                               
|Gain on disposal of property, plant and equipment   
|Changes in assets and liabilities:                  
|Accounts receivable                                 
|Inventories                                         
|Other assets                                        
|Accounts payable and accrued liabilities            
|Other long-term liabilities                         
|                                                    
|Net cash provided by (used for) operating activities
|                                                    
|CASH FLOWS FROM INVESTING ACTIVITIES:               
|Additions to property, plant and equipment          
|Proceeds from sale of property, plant and equipment 
|                                                    
|Net cash used in investing activities               
|                                                    
|CASH FLOWS FROM FINANCING ACTIVITIES:               
|Repayment of senior notes                           
|Issuance of common stock                            
|Stockholder rights redemption                       
|                                                    
|Net cash provided by (used for) financing activities
|                                                    
|DECREASE IN CASH AND CASH EQUIVALENTS               
|CASH AND CASH EQUIVALENTS, beginning of period      
|                                                    
|CASH AND CASH EQUIVALENTS, end of period            
|                                                    

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LADISH CO., INC. NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS (Dollars in Thousands, Except Share Data)

|(1) | Basis
of Presentation
|--- | ---------------------

In the opinion of the Company, the
accompanying unaudited consolidated condensed financial statements contain all adjustments
necessary to present fairly its financial position at September 30, 2004 and December 31,
2003 and its results of operations and cash flows for the nine months ended
September 30, 2004 and September 30, 2003. All adjustments are of a normal recurring
nature.

The accompanying unaudited condensed
consolidated financial statements have been prepared in accordance with Article 10 of
Regulation S-X and therefore do not include all information and footnotes necessary for a
fair presentation of the financial position, results of operations and cash flows in
conformity with accounting principles generally accepted in the United States of America.
The Company has filed a report on Form 10-K which contains audited consolidated financial
statements that include all information and footnotes necessary for a fair presentation of
its financial position at December 31, 2003 and 2002, and the related consolidated
statements of operations, stockholders equity, and cash flows for the years ended
December 31, 2003, 2002 and 2001.

The preparation of financial
statements in conformity with accounting principles generally accepted in the United
States of America requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities and the disclosure of contingent assets and
liabilities at the date of financial statements and the reported amounts of revenues and
expenses during the reporting periods. Actual results will likely differ from those
estimates, but management believes such differences will not be material.

The results of operations for any
interim period are not necessarily indicative of the results to be expected for a full
year.

|(2) | Inventories
|--- | -----------

Inventories consisted of:

|                                  
|----------------------------------
|Raw material and supplies         
|Work-in-process and finished goods
|Less progress payments            
|                                  
|Total inventories                 
|                                  

|(3) | Interest
and Income Tax Payments
|--- | --------------------------------

|                            
|----------------------------
|2004                        
|Interest paid               
|Income taxes paid (refunded)

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|(4) | Cash
and Cash Equivalents
|--- | -------------------------

Cash in excess of daily requirements
is invested in marketable securities consisting of commercial paper and repurchase
agreements which mature in three months or less. Such investments are deemed to be cash
equivalents.

|(5) | Revenue
Recognition
|--- | -------------------

Sales revenue is recognized when the
title and risk of loss have passed to the customer, there is pervasive evidence of an
arrangement, delivery has occurred or the services provided, the sales price is
determinable and collectibility is reasonably assured. This generally occurs at the time
of shipment. Net sales include freight out as well as reductions for returns and
allowances, and sales discounts. Progress payments on contracts are generally recognized
as reductions of the related inventory costs. Progress payments in excess of inventory
costs are reflected as a liability.

|(6) | Refund
From Internal Revenue Service and Income Taxes
|--- | -----------------------------------------------------

Included in the first nine months of
2003 as a reduction of selling, general and administrative expenses is $1,250 received
from the Internal Revenue Service for the refund of certain pension excise taxes expensed
and paid in prior years. Due to the nature of this item, it has been treated as a
significant infrequently occurring item in determining the provision for income taxes. The
provision for income taxes for the nine months ended September 30, 2003 includes $424
related to this item.

The tax provision of $1,502 for the
first nine months of 2004 reflects an annualized effective tax rate of 36.9% versus the
statutory rate of 35% . The 49.1% tax rate for the third quarter is due to a change in
estimate of the 2004 Extra-Territorial Income Exclusion on foreign sales.

|(7) | Pensions
and Postretirement Benefits
|--- | ------------------------------------

The components of net periodic
benefit costs recognized for the nine-month periods ending September 30, 2004 and 2003 are
reflected in the table below.

|                                   
|-----------------------------------
|2004                               
|Service cost                       
|Interest cost                      
|Expected return on plan assets     
|Amortization of prior service cost 
|Amortization of the net (gain) loss
|                                   
|Net periodic benefit cost (income) 

Contributions:The Company previously disclosed in
its financial statements for the year ended December 31, 2003, that it expected to
contribute $4,837 to its pension plans in 2004. As of September 30, 2004, the Company has
made $2,030 of cash contributions to the pension plans versus $532 during the same period
in 2003. In addition, on July 14, 2004, the Company contributed 525,000 shares of common
stock which were previously held in treasury with a fair market value of $4,725 to the
pension plans. See Part II, Item 5. The Company now estimates its total contribution to
its pension plans in 2004 will be $6,766.

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|(8) | Earnings
Per Share
|--- | ------------------

The incremental difference between
basic weighted average shares outstanding and diluted weighted average shares outstanding
is due to the dilutive impact of outstanding options and warrants.

|(9) | Stockholders Equity
|--- | --------------------

The Company has a Long-Term Incentive
Plan (the Plan) that covers certain employees. Under the Plan, incentive stock
options for up to 983,333 shares may be granted to employees of the Company of which
955,333 options have been granted. These options expire ten years from the grant date.
Options granted vest over two years. There were no options granted in the nine-month
periods ended September 30, 2004 and 2003. During 2003 fiscal year, 17,500 options
were forfeited. As of September 30, 2004, 692,834 options granted under the Plan
remain outstanding and exercisable. During 2003, 496,188 stock options expired under a
previous stock option plan. During the third quarter of 2004, 5,000 stock options were
exercised.

The Company accounts for its option
grants using the intrinsic value based method pursuant to APB Opinion No. 25 and Statement
of Financial Accounting Standards No. 123 (SFAS 123) under which no
compensation expense was recognized in the three and nine-month periods ending
September 30, 2004 and September 30, 2003. Had compensation cost for these
options been determined pursuant to the fair value method under SFAS 123, the
Companys pro forma net income and diluted earnings per share would have been as
follows:

|                  
|------------------
|September 30, 2004
|As
Reported       
|Net income        
|Diluted earnings  
|per share         

Because the SFAS 123 method of
accounting has not been applied to options granted prior to January 1, 1995, and
additional awards in future years are anticipated, the effect of applying SFAS 123 in the
above pro forma disclosure is not necessarily indicative of future results.

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MANAGEMENTS
DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
(Dollars in Thousands)

RESULTS OF OPERATIONS

Third Quarter 2004
Compared to Third Quarter 2003

Net sales for the three months ended
September 30, 2004 were $51,076 compared to $42,222 for the same period in 2003. The
21% increase in sales for the third quarter of 2004 was due to the overall improvement in
the aerospace industry along with a significantly stronger demand for industrial forgings.
Gross profit for the third quarter of 2004 increased to 8.3% of sales in contrast to 7.5%
of sales in the third quarter of 2003 primarily as a result of better absorption of fixed
costs combined with the Companys ongoing cost reduction efforts partially offset by
competitive pricing pressures in 2004. Cost reductions in the third quarter of 2004
included lower unit cost of natural gas, reduced manpower and lower benefit costs.

Selling, general and administrative
expenses, as a percentage of sales, were 4.3% for the third quarter of 2004 compared to
5.1% for the same period in 2003. The variation in SG&A expenses between the periods
was partially attributable to the better absorption of costs through increased sales.

Interest expense for the three-month
period in 2004 was $476 in contrast to $564 in 2003. The reduction in interest expense is
due to the reduction of debt by the retirement of $6,000 of senior notes. During the third
quarter of 2004, the Companys revolving credit facility had an interest rate equal
to the LIBOR rate plus 1.50% per annum and the senior notes bore interest at the rate of
7.19% per annum. The Company had no borrowings under the revolving credit facility in the
third quarter of 2004.

The third quarter tax provision of
$786 reflects an annualized effective tax rate of 49.1% versus the statutory rate of 35%.
The difference is primarily due to a change in estimate in the third quarter of the 2004
Extraterritorial Income Exclusion along with an adjustment to reflect the actual
Extraterritorial Income Exclusion used in the 2003 federal tax return. The Company has
significant net operating loss (NOL) carryforwards which largely offset most
calculated tax liabilities of the Company. For financial statement purposes, the Company
has recorded as a deferred tax asset the tax benefits attributable to the NOL
carryforwards. Therefore, the Company uses an effective tax rate which reflects federal
and state taxes without a reduction for actual NOL usage. See Note 6 to the consolidated
financial statements and Liquidity and Capital Resources.

The Companys net income for the
third quarter of 2004 was $816, a 358% increase from the same period in 2003. The increase
in profitability was directly due to the above described increase in sales along with the
accompanying improved absorption of fixed costs. The Companys contract backlog at
September 30, 2004 was $269,933 in comparison to $210,795 at September 30, 2003,
as the Company received $82,087 of new orders in the third quarter of 2004.

First Nine Months 2004
Compared to First Nine Months 2003

Net sales for the first nine months
of 2004 were $155,071, an increase of 11.9% from the $138,584 of sales in the first nine
months of 2003. The growth in sales in 2004 is due to an improved commercial aerospace
market and a pick-up in industrial markets related to large earthmoving equipment. The
increase in sales along with better absorption of fixed costs combined with the
Companys ongoing cost reduction programs resulted in a gross income of $12,327, or
7.9% of sales, in the first nine months of 2004. In the first nine months of 2003 gross
profit was $9,430 or 6.8% of sales.

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The Company incurred $6,677 of
selling, general and administrative expenses, or 4.3% of sales, in the first nine months
of 2004. In the same period of 2003, SG&A expenses were $6,554, or 4.7% of sales.
SG&A expenses in the first nine months of 2003 reflect a credit of $1,250 for an
excise tax refund as well as a charge of $1,000 associated with unusual expenses for the
2003 annual meeting. Adjusting 2003 SG&A to eliminate both of those unusual events
would have resulted in the first nine months of 2003 SG&A expenses of $6,804, or 4.9%
of sales. The reduction in SG&A in 2004 is largely attributable to reduced expenses
associated with foreign sales.

The first nine months of 2004 reflect
interest expense of $1,680 in contrast to $1,658 in the same period in 2003. The increase
in interest expense does not indicate higher borrowings in 2004, rather, it is the result
of higher capitalization of interest expense in 2003 associated with capital projects at
the Company.

The tax provision of $1,502 for the
first nine months of 2004 reflects an annualized effective rate of 36.9% versus the
statutory rate of 35%. The Company has significant net operating loss (NOL)
carryforwards which largely offset most calculated tax liabilities of the Company. For
financial statement purposes, the Company has recorded as a deferred tax asset the tax
benefits attributable to the NOL carryforwards. Therefore, the Company uses an effective
tax rate which reflects federal and state taxes without a reduction for actual NOL usage.
See Note 6 to the consolidated financial statements and Liquidity and Capital
Resources.

The $2,569 of net income through
September 30, 2004, a $1,744 improvement over 2003, is due to the improvements in the
markets served by the Company along with Company-wide cost containment efforts. The
Company obtained $207,796 of new orders in the first nine months of 2004 in comparison to
$155,962 of new orders for the same period in 2003.

LIQUIDITY AND CAPITAL
RESOURCES

The Companys cash position as
of September 30, 2004 is $4,884 less than its position at December 31, 2003. The
year-to-date decline in cash is a result of $4,016 of capital expenditures and $6,000 of
debt repayment, partially offset by cash flow from operating activities which includes
$2,214 of interest paid. Cash flow from operating activities in 2004 was reduced by
pension contributions of $2,030 versus $532 in 2003.

On July 20, 2001, the Company
sold $30,000 of Notes in a private placement to certain institutional investors. The Notes
bear interest at a rate of 7.19% per annum with the interest being paid semiannually. The
Notes have a seven-year duration with the principal amortizing equally over the remaining
duration after the third year. The Company used the proceeds from the Notes to repay
outstanding borrowings and for working capital purposes. The Notes began annual
amortization in the third quarter of 2004, therefore $6,000 of the Notes have been
classified as a current liability and there was a reduction of $6,000 in the Senior Notes.

In conjunction with the private
placement of the Notes, the Company and a syndicate of lenders entered into a credit
facility on July 17, 2001 (the Facility). The Facility consisted of a
$50,000 revolving line of credit which bore interest at a rate of LIBOR plus 0.80%. On
April 12, 2002, the Facility was modified to reduce the revolving line of credit to
$45,000. On December 31, 2002, the Facility was further modified to reduce the
revolving line of credit to $25,000. The interest rate on the Facility was LIBOR plus
1.50% as of September 30, 2004. At September 30, 2004, $21,630 was available
pursuant to the terms of the Facility. There were no borrowings under the Facility as of
September 30, 2004.

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The Company has NOL carryforwards
that were generated prior to its 1993 reorganization, as well as NOL carryforwards that
were generated in subsequent years. The total remaining NOL carryforwards were $37,443 as
of December 31, 2003. The NOL carryforwards expire gradually in the years 2008
through 2022.

The Companys initial public
offering in March 1998 created an ownership change as defined by the IRS. This ownership
change generated an IRS imposed limitation on the utilization of NOL carryforwards on
future tax returns. The annual use of the NOL carryforwards is limited to the lesser of
the Companys taxable income or the amount of the IRS imposed limitation. The NOL
carryforwards available for use annually is $11,865. Of the $11,865 annual limitation,
$2,142 relates to a previous restriction on NOL carryforwards generated prior to the 1993
reorganization.

Realization of the net deferred tax
assets, including those attributable to the NOL carryforwards, over time is dependent upon
the Company generating sufficient taxable income in future periods. In determining that
realization of the net deferred tax assets was more likely than not, the Company has given
consideration to a number of factors including its recent earnings history, expectations
for earnings in the future, the timing of reversal of temporary differences, tax planning
strategies available to the Company and the expiration dates associated with NOL
carryforwards. If, in the future, the Company determines that it is no longer more likely
than not that the net deferred tax assets will be realized, a valuation allowance will be
established against all or part of the net deferred tax assets with an offsetting charge
to the income tax provision.

Item 3.    Quantitative and
Qualitative Disclosures about Market Risk

The Company believes that its exposure
to market risk related to changes in foreign currency exchange rates and trade accounts
receivable is immaterial as all of the Companys sales are made in U.S. dollars. The
Company does not consider itself subject to the market risks addressed by Item 305 of
Regulation S-K.

_____________________

Any statements contained herein that
are not historical facts are forward-looking statements within the meaning of the Private
Securities Legislation Reform Act of 1995, and involve risks and uncertainties. These
forward-looking statements include expectations, beliefs, plans, objectives, future
financial performance, estimates, projections, goals and forecasts. Potential factors
which could cause the Companys actual results of operations to differ materially
from those in the forward-looking statements include:

| | Market conditions and demand for the Company's products                       |  | Competition        
|- | ----------------------------------------------------------------------------- | - | -------------------
| | Interest rates and capital costs                                              |  | Technologies       
| | Unstable governments and business conditions in emerging economies            |  | Raw material prices
| | Legal, regulatory and environmental issues, including the documentation for   |  | Taxes              
|  | Section 404 of the Sarbanes-Oxley Act                                         |  | Energy costs       
| | November 2004 elections and in any resulting impact upon U.S. defense budgets

Any forward-looking statement speaks
only as of the date on which such statement is made. The Company undertakes no obligation
to update any forward-looking statement to reflect events or circumstances after the date
on which such statement is made.

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Item 4.    Controls and
Procedures

The registrants certifying
officers have evaluated the effectiveness of the design and operation of the
Companys internal controls and disclosure controls and procedures as of the end of
the period covered by this quarterly report. Based upon that review, the certifying
officers have concluded that the internal controls and disclosure controls and procedures
are effectively operating to ensure that material information relating to the Company and
its consolidated subsidiaries is made known to such officers by others within those
entities, particularly during the period in which this quarterly report was being
prepared. The review of internal controls and disclosure controls and procedures did not
reveal any significant deficiencies in the design or operation which could adversely
affect the Companys ability to record, process, summarize and report financial data.
The Company did not discover any material weaknesses in these controls or procedures, nor
did the Company discover any fraud of any kind involving management or other employees who
have a significant role in the Companys internal controls. There were no significant
changes in the internal controls or in other factors that could significantly affect
internal controls subsequent to the date of evaluation, including any corrective actions
taken with regard to significant deficiencies or material weaknesses, and there are no
corrective actions contemplated as of the date of this report. The Company did not
identify any significant changes that need to be made to ensure the effectiveness of the
internal controls or the disclosure controls and procedures, nor did the Company identify
any other factors that could materially affect the internal controls occurring after the
date of our certification.

During the period covered by this
report, the Company continued its progress toward documenting its financial controls and
testing the same in preparation for the year-end audit of its financial controls under
Section 404 of the Sarbanes-Oxley Act (SOX) by the Companys outside
auditors at KPMG LLP. As of September 30, 2004, the Company has not identified any
significant deficiencies in its internal controls. In the course of documenting its
financial controls and working with its advisors at Grant Thornton LLP, the Company is
addressing deficiencies surrounding segregation of duties regarding certain functions in
the financial and purchasing departments and the information technologies area. The
Company believes these segregation of duties issues are common among businesses of similar
size and complexity and can be addressed through alternative controls. Through September
30, 2004, the Company has incurred approximately $90 in outside expenses in implementing
Section 404 of SOX. The Company anticipates significant additional expenses will be
incurred in this effort through the end of 2004.

# PART II  OTHER
INFORMATION

Item 1.    Legal Proceedings

On August 11, 2004, the United States District
Court for the Eastern District of Wisconsin dismissed the putative class action against
the Company in Dean, et. al. v. Ladish, et. al., Case No. 03-C-0165. The plaintiffs
failed to appeal this Order of Dismissal and the time period for appeal has expired.

Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds

On July 14, 2004, the Company
contributed 525,000 shares of common stock of the Company to the trust for three of the
defined benefit plans of the Company. The 525,000 shares came from the Treasury Stock of
the Company and reduced the number of shares held in Treasury Stock from 1,545,122 to
1,020,122. The shares transferred had a cost basis of $7.32 per share and a fair market
value of $9.00 per share based upon quoted prices at the market close on July 14,
2004. The pension liability was reduced by the fair value of the shares of $4,725,
treasury stock was reduced by $3,843 and the difference of $882 was credited as an
addition to paid-in capital. The shares were issued pursuant to Section 4(2) of the
Securities Act of 1933.

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Item 4.    Submission of
Matters to a Vote of Security Holders

No matters came before the
stockholders for a vote during the period covered by this report.

Item 6.    Exhibits

|(a) | Exhibit
31.1 is the written statement of the chief executive officer of the
               Company certifying this Form 10-Q complies with the requirements of
Section                13(a) of the Securities Exchange Act of 1934.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Exhibit
31.2 is the written statement of the chief financial officer of the Company certifying
this Form 10-Q complies with the requirements of Section 13(a) of the Securities Exchange
Act of 1934.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Exhibit
32.1 is the written statement of the chief executive officer and chief financial officer
of the Company pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------

SIGNATURES

Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.

|                        | LADISH CO., INC.          
|----------------------- | --------------------------
|Date:  October 25, 2004 | By:  /s/ Wayne E. Larsen  
|                        | Wayne E. Larsen           
|                        | Vice President Law/Finance
|                        | & Secretary