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
June 30, 2008

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 a large accelerated filer, an accelerated filer or
a non-accelerated filer. See definition of accelerated filer and large accelerated filer
in Rule 12b-2 of the Exchange Act.

|Large accelerated filer | Accelerated filer X | Non-accelerated filer
|----------------------- | ------------------- | ---------------------

Indicate
by check mark whether the Registrant is a shell company (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 June 30, 2008
|----------------------------- | ----------------------------
|Common Stock, $0.01 Par Value | 14,559,467                  

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Page 2 of 14

# PART I 
FINANCIAL INFORMATION

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Page 3 of 14

# LADISH CO.,
INC.CONSOLIDATED STATEMENTS OF OPERATIONS

(Dollars in Thousands,
Except Per Share Data)

|                                               
|-----------------------------------------------
|(unaudited)                                    
|2008                                           
|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             
|and minority interest                          
|Income tax provision                           
|Minority interest in net earnings of subsidiary
|                                               
|Net income                                     
|                                               
|Basic earnings per share                       
|Diluted earnings per share                     
|Basic weighted average shares outstanding      
|Diluted weighted average shares outstanding    

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Page 4 of 14

# LADISH CO.,
INC.CONSOLIDATED BALANCE SHEETS

(Dollars in Thousands,
Except Share Data)

|Assets                                                                   | (unaudited)
June 30,
2008 | December 31,
2007
|------------------------------------------------------------------------ | ------------------------- | -----------------
|Current assets:                                                          |                           |                  
|Cash and cash equivalents                                                |                           |                  
|Accounts receivable, less allowance of $84 and $88 at each date          |                           |                  
|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:                                                     |                           |                  
|Accounts payable                                                         |                           |                  
|Senior bank debt                                                         |                           |                  
|Senior notes                                                             |                           |                  
|Accrued liabilities:                                                     |                           |                  
|Pensions                                                                 |                           |                  
|Postretirement benefits                                                  |                           |                  
|Wages and salaries                                                       |                           |                  
|Taxes, other than income taxes                                           |                           |                  
|Interest                                                                 |                           |                  
|Profit sharing                                                           |                           |                  
|Paid progress billings                                                   |                           |                  
|Other                                                                    |                           |                  
|                                                                         |                           |                  
|Total current liabilities                                                |                           |                  
|Noncurrent liabilities:                                                  |                           |                  
|Senior notes                                                             |                           |                  
|Postretirement benefits                                                  |                           |                  
|Pensions                                                                 |                           |                  
|Officers deferred compensation                                          |                           |                  
|Minority interest in equity of subsidiary                                |                           |                  
|Other noncurrent liabilities                                             |                           |                  
|                                                                         |                           |                  
|Total liabilities                                                        |                           |                  
|Stockholders equity:                                                    |                           |                  
|Common stock - authorized 100,000,000, issued 14,605,591                 |                           |                  
|shares at each date of $.01 par value                                    |                           |                  
|Additional paid-in capital                                               |                           |                  
|Retained earnings                                                        |                           |                  
|Treasury stock, 46,124 and 71,124  shares of common stock, respectively, |                           |                  
|at each date at cost                                                     |                           |                  
|Accumulated other comprehensive loss                                     |                           |                  
|                                                                         |                           |                  
|Total stockholders equity                                               |                           |                  
|                                                                         |                           |                  
|Total liabilities and stockholders equity                               |                           |                  
|                                                                         |                           |                  

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# LADISH CO.,
INC.CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollars in Thousands)

|                                                            
|------------------------------------------------------------
|(unaudited)                                                 
|2008                                                        
|CASH FLOWS FROM OPERATING ACTIVITIES:                       
|Net income                                                  
|Adjustments to reconcile net income to net cash             
|provided by (used in) operating activities:                 
|Depreciation                                                
|Charge in lieu of taxes related to goodwill                 
|Deferred income taxes                                       
|Minority interest in net earnings of subsidiary             
|Gain on disposal of property, plant and equipment           
|Changes in assets and liabilities:                          
|Accounts receivable                                         
|Inventories                                                 
|Other assets                                                
|Accounts payable and accrued liabilities                    
|Other liabilities                                           
|                                                            
|Net cash provided by 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:                       
|Proceeds from senior bank debt                              
|(Repayment of) senior bank debt                             
|Proceeds from exercise of stock options                     
|                                                            
|Net cash provided by (used in) financing activities         
|                                                            
|Effect of exchange rate changes on cash and cash equivalents
|                                                            
|INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS            
|CASH AND CASH EQUIVALENTS, beginning of period              
|                                                            
|CASH AND CASH EQUIVALENTS, end of period                    
|                                                            

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Page 6 of 14

# LADISH CO., INC.NOTES
TO CONSOLIDATED CONDENSED 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 June 30, 2008 and its results
of operations and cash flows for the interim periods presented. All adjustments are of a
normal recurring nature.

The accompanying unaudited
consolidated condensed financial statements have been prepared in accordance with Article
10 of Regulation S-X and therefore do not include all disclosures required for annual
financial statements presented 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,
2007 and 2006, and the related consolidated statements of operations, stockholders
equity, and cash flows for the years ended December 31, 2007, 2006 and 2005.

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
|--- | -----------

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

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

|                                                 
|-------------------------------------------------
|2008                                             
|Interest paid, net of interest capitalized in the
|amount of $964 and $225, respectively            
|Income taxes paid                                

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Page 7 of 14

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

Cash in excess of daily requirements
is invested in marketable securities consisting of commercial paper and money market
instruments which mature in three months or less. Such investments are deemed to be cash
equivalents. Outstanding payroll and accounts payable checks related to certain bank
accounts are recorded as accounts payable on the balance sheets. These checks amounted to
$6,065 and $1,775 as of June 30, 2008 and December 31, 2007, respectively.

|(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 have been 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) | Income
Taxes
|--- | ------------

The year-to-date tax provisions for
2008 and 2007 are based on annualized combined federal, state and foreign effective tax
rates of 37.3% and 37.2%, respectively. The principal difference from the expected federal
tax rate of 35% is due primarily to state income taxes, offset by the impact of lower
income tax rates in Poland and the benefit of the Domestic Production Activities
deduction.

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

The components of net periodic
benefit costs recognized for the six-month periods ended June 30, 2008 and 2007 are
presented in the table below.

|                                  
|----------------------------------
|2008                              
|Service cost                      
|Interest cost                     
|Expected return on plan assets    
|Amortization of prior service cost
|Amortization of the net loss      
|                                  
|Net periodic benefit cost         
|                                  

The Company previously disclosed in
its financial statements for the year ended December 31, 2007, that it expected to
contribute $10,547 to its pension plans in 2008. As of June 30, 2008, the Company has
made $1,971 of contributions to the pension plans versus $11,173 during the same period in
2007. The Company currently estimates its total contributions to its pension plans in 2008
will be $8,955.

In December 2003, the Medicare
Prescription Drug, Improvement and Modernization Act of 2003 was enacted. In May 2004, the
FASB issued FASB Staff Position No. 106-2, Accounting and Disclosure Requirements
Related to the Medicare Prescription Drug, Improvement and Modernization Act of 2003
in response to the new law which may provide a federal subsidy to sponsors of retiree
healthcare benefit plans. The Company has concluded that certain benefits provided by its
postretirement benefit plan are actuarially equivalent to Medicare Part D under the Act
and has filed a refund request with the Claims Management Services, a division of the
Health and Human Services Department. In the first quarter of 2008, the Company received a
$166 refund.

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|(8) | Debt
|--- | ----

The Company sold $30,000 of Series A
senior notes (the Series A Notes) in a private placement to certain
institutional investors on July 20, 2001. The Series A Notes are unsecured and bear
interest at a rate of 7.19% per annum with the interest being paid semiannually. The
Series A Notes have a seven-year duration with the principal amortizing equally over the
duration after the third year. Amortization payments of $6,000 annually were made on
July 20, 2004 through 2008, at which point the Series A Notes were retired.

On May 16, 2006, the Company
sold $40,000 of Series B senior notes (the Series B Notes) in a private
placement to certain institutional investors. The Series B Notes are unsecured and bear
interest at a rate of 6.14% per annum with interest being paid semiannually. The Series B
Notes have a ten-year duration with the principal amortizing equally over the duration
after the third year.

The Company and a syndicate of
Lenders have entered into a revolving credit facility (the Facility) which was
most recently renewed on April 25, 2008. The Facility consists of a $35,000 unsecured
revolving line of credit which bears interest at a rate of LIBOR plus 1.25%. At
June 30, 2008, there were $13,900 of borrowings under the Facility and $21,100 was
available pursuant to the terms of the Facility.

|(9) | 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.

|(10) | Stockholders Equity
|---- | --------------------

The Company has a Stock Option 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
943,833 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 six months ended
June 30, 2008. As of June 30, 2008, 7,336 options granted under the Plan remain
outstanding and exercisable. During the first six months of 2008, 25,000 options were
exercised (for cash of $206) and shares were issued from Treasury Stock. The reduction in
accumulated other comprehensive loss is attributable to foreign currency exchange
adjustments.

|(11) | Legal
Proceedings
|---- | -----------------

From time to time the Company is
involved in legal proceedings relating to claims arising out of its operations in the
normal course of business. Although the Company believes that there are no material legal
proceedings pending or threatened against the Company or any of its properties, the
Company has been named as a defendant in a number of asbestos cases in Mississippi, six
asbestos cases in Illinois and one asbestos case in California. As of the date of this
filing, the Company has been dismissed from a majority of the cases in Mississippi, five
of the cases in Illinois and the one case in California. The Company has never
manufactured or processed asbestos. The Companys only exposure to asbestos involves
products the Company purchased from third parties. The Company has notified its insurance
carriers of these claims and is vigorously defending these actions. The Company has not
made any provision in its financial statements for the asbestos litigation.

The Company is also participating in
an investigation initiated by U.S. Customs & Border Protection (Customs)
into duty drawback claims filed on behalf of the Company by its former export agent. The
Company is cooperating with Customs in this investigation and has voluntarily suspended
its duty drawback claims. Based upon its internal investigation, the Company believes any
errors or omissions with respect to its filings were solely attributable to its former
export agent. The Company intends to continue to cooperate with Customs in resolving this
matter. The Company has not made any provision in its financial statements for the Customs
investigation.

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|(12) | New
Accounting Pronouncements
|---- | -----------------------------

There are no new accounting
pronouncements which would have a material impact upon the Company.

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Page 10 of 14

MANAGEMENTS
DISCUSSIONAND ANALYSIS OF RESULTS OF OPERATIONS AND  CHANGES IN FINANCIAL
POSITION(Dollars in Thousands, except per share data)

RESULTS OF OPERATIONS

Second Quarter 2008
Compared to Second Quarter 2007

Net sales for the three months ended
June 30, 2008 were $118,959 compared to $113,594 for the same period in 2007. The
4.7% increase in net sales for the second quarter of 2008 versus 2007 was due to growth in
all markets served by the Company along with the pass through to selling prices of the
increase in costs for the raw materials utilized by the Company. Net sales in the second
quarter of 2007 were positively impacted by recovery from equipment failures in the first
quarter of 2007. Gross profit for the second quarter of 2008 was 13.0% of net sales in
contrast to 19.3% of net sales in the second quarter of 2007 primarily as a result of the
increased raw material costs in the second quarter of 2008 in comparison to the same
period in 2007 thereby decreasing gross profit as a percent of net sales. In addition,
gross profits for the second quarter of 2008 were negatively impacted by reduced
by-product sales, higher energy expenses and reduced productivity associated with the
learning curve of new employees.

Selling, general and administrative
expenses, as a percentage of net sales, were 4.1% for the second quarter of 2008 compared
to 3.6% for the same period in 2007. The increase in SG&A expenses between the periods
was attributable to growth in employment to support capacity expansion.

Interest expense for the second
quarter of 2008 was $241 in contrast to $708 for the same period in 2007. The lower
interest expense in 2008 is due primarily to increased capitalization of interest expense
on capital projects and reduced level of debt. During the second quarter of 2008, the
Companys revolving line of credit had an interest rate equal to the LIBOR rate plus
1.25% per annum. Series A and Series B senior notes bore interest at the rate of 7.19% and
6.14%, respectively, per annum. The Company had $13,900 of borrowings under the revolving
line of credit facility and had $46,000 of senior notes outstanding at the end of the
second quarter of 2008.

The 2008 and 2007 second quarter
income tax provisions are based on effective tax rates of 37.3% and 37.4%, respectively.
At December 31, 2007, the Company has $2,142 of domestic net operating loss
(NOL) carryforwards which management expects to reduce future income taxes
payable. For financial statement purposes, the Company previously recorded a deferred tax
asset for 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
second quarter of 2008 was $6,219, a decline from $10,761 in the second quarter of 2007.
Profitability declined in the period due to the higher raw material prices, higher energy
prices, reduced by-product sales and a less profitable mix of products in 2008. The
Companys contract backlog at June 30, 2008 was $618,836 as the Company received
$106,405 of new orders in the second quarter of 2008, in comparison to backlogs of
$543,123 and $610,979 at June 30, 2007 and December 31, 2007, respectively, and
$105,793 of new orders in the second quarter of 2007.

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Page 11 of 14

First Six Months 2008
Compared to First Six Months 2007

Net sales for the first half of 2008
were $236,156, an 11.8% increase over $211,260 of net sales for the same period in 2007.
The increase in revenues for 2008 is attributable to continued strong demand in all
markets served by the Company and higher costs for raw materials used by the Company as
the Company is able to pass along those higher material costs to its customers. The higher
raw material costs along with higher energy costs resulted in the Companys cost of
sales increasing to 87.2% in the first six months of 2008 in contrast to 83.1% for the
equivalent period in 2007. Gross profits, therefore, fell to 12.8% of net sales in 2008
from 16.9% in 2007.

The first six months of 2008 had
selling, general and administrative expenses of $9,244 or 3.9% of sales in comparison to
$8,048 or 3.8% of sales in the first six months of 2007. The $1,196 increase in SG&A
expense is due to higher sales and the percentage growth is due to higher employment
levels in 2008.

The Company had $680 of interest
expense in the first half of 2008 in contrast to $1,506 of interest expense in the same
period of 2007. The interest expense reduction in 2008 resulted from lower interest rates
and the capitalization of interest expense related to capital projects. The Company also
had other expense of $884 in the first half of 2008 which was related to foreign currency
exchange in Poland and the costs associated with searching for a location for a new
casting facility in Mexico. During the same period of 2007, the Company had other income
of $270 due primarily from the gain on the sale of used equipment.

Income tax provisions of 37.3% and
37.2%, respectively, were recorded for the first six months of 2008 and 2007. The
principle difference from the expected federal tax rate of 35% is due primarily to state
income taxes, offset by the impact of lower income tax rates in Poland and the benefit of
the Domestic Production Activities deduction.

The Companys net income for the
first six months of 2008 was $12,202 in contrast to $16,529 for the same period in 2007.
The decline in net income is due to higher raw material prices, higher energy prices and
consumption, reduced by-product sales and a less profitable product mix. June 30, 2008
contract backlog at the Company was $618,836 in comparison to $543,123 at June 30, 2007.
The Company received $239,119 of new orders in the first half of 2008 versus $256,150 of
new orders in the same period of 2007.

Liquidity and Capital
Resources

The Companys cash position as
of June 30, 2008 is $1,239 less than its position at December 31, 2007. For the
first six months of 2008, the Company generated $14,284 of cash from operating activities
in contrast to producing $20,984 of cash from operations in the same period of 2007. The
Company expended $22,893 and $16,292 of cash on capital expenditures in the first six
months of 2008 and 2007, respectively.

On July 20, 2001, the Company
sold $30,000 of Series A Notes in a private placement to certain institutional investors.
The Series A Notes are unsecured and bear interest at a rate of 7.19% per annum with the
interest being paid semiannually. The Series A Notes have a seven-year duration with the
principal amortizing equally over the duration after the third year. Amortization payments
of $6,000 annually were made on July 20, 2004 through 2008, at which time the Series
A Notes were retired.

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Page 12 of 14

On May 16, 2006, the Company
sold $40,000 of Series B Notes in a private placement to certain institutional investors.
The Series B Notes are unsecured and bear interest at a rate of 6.14% per annum with
interest being paid semiannually. The Series B Notes have a ten-year duration with the
principal amortizing equally over the duration after the third year.

In addition, the Company and a
syndicate of Lenders have entered into the Facility which was most recently renewed on
April 25, 2008. The Facility consists of a $35,000 unsecured revolving line of credit
which bears interest at a rate of LIBOR plus 1.25%. At June 30, 2008, there were
$13,900 of borrowings under the Facility and $21,100 of credit was available pursuant to
the terms of the Facility.

As of December 31, 2007, the Company
has domestic NOL carryforwards of $2,142 that were generated prior to its 1993
reorganization.

Realization of the domestic 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 domestic 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 domestic net deferred tax assets will be
realized, a valuation allowance will be established against all or part of the domestic
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 the vast majority 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 Litigation 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 and
| | Legal, regulatory and environmental issues                         |   | energy prices   
| | Health care costs                                                  |  | Taxes           

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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Page 13 of 14

Item 4. Controls and
Procedures

Under the direction of the principal
executive officer and principal financial officer, the Company has evaluated the
effectiveness of its disclosure controls and procedures (as defined in Exchange Act Rules
13a-15(e) and 15d-15(e)) as of June 30, 2008. Based on that evaluation, the Company
has concluded that its disclosure controls and procedures were effective in providing
reasonable assurance that material information required to be disclosed is included on a
timely basis in the reports filed with the Securities and Exchange Commission.

There were no significant changes in
the Companys internal controls over financial reporting or in other factors that
could significantly affect these controls during the quarter ended June 30, 2008,
including any corrective actions with regard to significant deficiencies and material
weaknesses.

# PART II  OTHER
INFORMATION

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

At the May 8, 2008 Annual Meeting of
the Stockholders of the Company, the Stockholders were asked to vote on the election of a
New Board of Directors for the next year or until their successors are duly elected. The
following table reflects the results of the election:

|Director Name       | Authority Granted | Authority Withheld
|------------------- | ----------------- | ------------------
|Lawrence W. Bianchi | 13,200,539        | 648,010           
|James C. Hill       | 13,467,665        | 380,884           
|Leon A. Kranz       | 13,462,174        | 386,375           
|J. Robert Peart     | 13,463,465        | 385,084           
|John W. Splude      | 13,462,365        | 386,184           
|Kerry L. Woody      | 13,545,830        | 302,719           

The Stockholders were also asked to
ratify the action taken by the Audit Committee of the Board of Directors in selecting the
audit firm Grant Thornton LLP as the independent auditors of the Company for the year
ending December 31, 2008. The Stockholders approved this action by the following vote:

|For        | Against | Abstain
|---------- | ------- | -------
|13,819,146 | 22,013  | 7,388  

Item 5. Other Information

On July 9, 2008, the Company acquired
all of the outstanding equity of Aerex Manufacturing, Inc. (Aerex) for
approximately $13,900. Located in South Windsor, CT, Aerex provides precision machining of
titanium components for the aerospace industry.

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Page 14 of 14

Item 6. Exhibits

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:  August 1, 2008 | By:  /s/ WAYNE E. LARSEN  
|                      | Wayne E. Larsen           
|                      | Vice President Law/Finance
|                      | & Secretary