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, 2000
                       -----------------------

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 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, 2000
-----------------------------             ---------------------------------
Common Stock, $0.01 Par Value                         12,896,868

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                                                                    Page 2 of 11


                         PART I - FINANCIAL INFORMATION
                         ------------------------------

<PAGE>
                                                                    Page 3 of 11

<TABLE>
                                               LADISH CO., INC.
                                     CONSOLIDATED STATEMENTS OF OPERATIONS
                            (Dollars in Thousands, Except Share and Per Share Data)
<CAPTION>

                                                           For the Three Months          For the Six Months
                                                              Ended June 30,               Ended June 30,
                                                       ---------------------------    --------------------------

                                                            2000           1999           2000            1999
                                                       -----------     -----------    -----------    -----------

<S>                                                    <C>             <C>            <C>            <C>
Net sales     .........................................$    57,414     $   44,771     $   112,266    $    87,527

Cost of sales .........................................     49,041          39,756         95,290         79,074
                                                       -----------     -----------    -----------    -----------

         Gross income on sales.........................      8,373           5,015         16,976          8,453

Selling, general and administrative expenses...........      2,716           1,922          4,944          3,579
                                                       -----------     -----------    -----------    -----------

         Income from operations........................      5,657           3,093         12,032          4,874

Other income (expense):
     Interest expense..................................       (530)           (181)          (974)          (342)
     Other, net........................................         50              61             86            170
                                                       -----------     -----------    -----------    -----------

         Income before provision for income taxes......      5,177           2,973         11,144          4,702

Provision for income taxes.............................        932             445          2,006            705
                                                       -----------     -----------    -----------    -----------

         Net income....................................$     4,245     $     2,528    $     9,138    $     3,997
                                                       ===========     ===========    ===========    ===========



Basic earnings per share...............................$      0.33     $      0.18    $      0.69    $      0.29

Diluted earnings per share.............................$      0.31     $      0.18    $      0.66    $      0.27

Basic weighted average shares outstanding.............. 13,035,403      13,681,544     13,250,103     13,776,189

Diluted weighted average shares outstanding............ 13,675,514      14,401,338     13,845,543     14,804,473

</TABLE>

<PAGE>
                                                                   Page 4 of 11

<TABLE>
                                               LADISH CO., INC.
                                          CONSOLIDATED BALANCE SHEETS
                            (Dollars in Thousands, Except Share and Per Share Data)
<CAPTION>

                                                                                          June 30,        December 31,
         Assets                                                                           2000               1999
         ------                                                                        ------------        -----------
Current assets:
<S>                                                                                    <C>                 <C>
     Cash and cash equivalents.........................................................$        899        $     1,008
     Accounts receivable, less allowance of $340 and $300, respectively................      35,879             25,222
     Inventories.......................................................................      54,122             42,427
     Prepaid expenses and other current assets.........................................         528                238
                                                                                       ------------        -----------
         Total current assets..........................................................      91,428             68,895
                                                                                       ------------        -----------
Property, plant and equipment:
     Land and improvements.............................................................       5,784              3,855
     Buildings and improvements........................................................      17,040             15,912
     Machinery and equipment...........................................................     128,684            120,526
     Construction in progress..........................................................       9,523              5,562
                                                                                       ------------        -----------
                                                                                            161,031            145,855
     Less - accumulated depreciation...................................................     (69,820)           (62,648)
                                                                                       ------------        -----------
         Net property, plant and equipment.............................................      91,211             83,207

Other assets  ........................................................................       16,591              7,481
                                                                                       ------------        -----------

         Total assets..................................................................$    199,230        $   159,583
                                                                                       ============        ===========

         Liabilities and Stockholders' Equity
         ------------------------------------
Current liabilities:
     Senior debt.......................................................................$      8,000        $         0
     Accounts payable..................................................................      25,446             12,548
     Accrued liabilities:
         Pensions......................................................................         481                504
         Postretirement benefits.......................................................       5,551              5,551
         Wages and salaries............................................................       5,037              3,107
         Taxes, other than income taxes................................................         212                227
         Interest......................................................................         248                 54
         Profit sharing................................................................       1,385                958
         Paid progress billings........................................................       5,043              5,556
         Other.........................................................................       2,829              1,383
                                                                                       ------------        -----------
              Total current liabilities................................................      54,232             29,888
Long term liabilities:
     Senior debt, less current portion.................................................      14,000                  0
     Pensions .........................................................................      11,014             14,692
     Postretirement benefits...........................................................      39,698             40,929
     Other noncurrent liabilities......................................................         605                607
                                                                                       ------------        -----------
              Total liabilities........................................................     119,549             86,116
                                                                                       ------------        -----------

Stockholders' equity:
     Common stock-authorized 100,000,000, issued and outstanding 14,318,406 shares
       of $.01 par value as of June 30, 2000 and December 31, 1999.....................         143                143
     Additional paid-in capital........................................................      82,152             80,293
     (Accumulated deficit) retained earnings...........................................       7,379             (1,759)
     Treasury stock, 1,421,538 shares and 770,672 shares of common stock
       at cost as of June 30, 2000 and December 31, 1999, respectively.................      (9,993)            (5,210)
                                                                                       ------------        -----------
              Total stockholders' equity...............................................      79,681             73,467
                                                                                       ------------        -----------

              Total liabilities and stockholders' equity...............................$    199,230        $   159,583
                                                                                       ============        ===========
</TABLE>
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                                                                   Page 5 of 11
<TABLE>

                                               LADISH CO., INC.
                                     CONSOLIDATED STATEMENTS OF CASH FLOWS
                                            (Dollars in Thousands)
<CAPTION>
                                                                                              For the Six Months
                                                                                               Ended June 30,
                                                                                       -------------------------------
                                                                                           2000                1999
                                                                                       ------------        -----------

CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                                                                    <C>                 <C>
     Net income........................................................................$      9,138        $     3,997
     Adjustments to reconcile net income to net cash
        provided from (used for) operating activities:
         Depreciation..................................................................       7,180              5,933
         Amortization..................................................................         404                189
         Reduction in valuation allowance..............................................       1,887                599


     Change in assets and liabilities:
         Accounts receivable...........................................................      (7,063)            11,766
         Inventories...................................................................      (6,490)            (3,271)
         Other assets..................................................................        (486)              (460)
         Accounts payable and accrued liabilities......................................      13,209             (4,224)
         Other liabilities.............................................................      (4,911)            (3,310)
                                                                                       ------------        -----------

              Net cash provided from operating activities..............................      12,868             11,219
                                                                                       ------------        -----------

CASH FLOWS FROM INVESTING ACTIVITIES:

     Additions to property, plant and equipment........................................      (4,917)            (4,635)
     Proceeds from sale of property, plant and equipment...............................           1                 10
     Acquisition of business...........................................................     (25,250)           (11,533)
                                                                                       ------------        -----------

              Net cash used for investing activities...................................     (30,166)           (16,158)
                                                                                       ------------        -----------

CASH FLOWS FROM FINANCING ACTIVITIES:

     Proceeds from senior debt.........................................................      22,000              5,882
     Repurchase of common stock........................................................      (4,783)            (2,363)
     Retirement of warrants............................................................         (28)            (3,253)
     Exercise of warrants..............................................................           0                210
                                                                                       ------------        -----------

              Net cash provided from financing activities..............................      17,189                476
                                                                                       ------------        -----------

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS.......................................        (109)            (4,463)
CASH AND CASH EQUIVALENTS, beginning of period.........................................       1,008              5,517
                                                                                       ------------        -----------

CASH AND CASH EQUIVALENTS, end of period...............................................$        899        $     1,054
                                                                                       ============        ===========
</TABLE>
<PAGE>
                                                                    Page 6 of 11

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


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

In the opinion of the Company, the accompanying unaudited consolidated financial
statements  contain all  adjustments  necessary to present  fairly its financial
position at June 30, 2000 and  December  31, 1999 and its results of  operations
and cash flows for the six months  ended June 30,  2000 and June 30,  1999.  All
adjustments are of a normal recurring nature.

The accompanying  unaudited 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 flow in  conformity  with  generally
accepted accounting  principles.  In conjunction with its Form 10-K, the Company
filed audited  consolidated  financial statements which included all information
and footnotes  necessary for a fair  presentation  of its financial  position at
December  31,  1999  and  1998,  and  the  related  consolidated  statements  of
operations,  stockholders'  equity,  and cash flows for the years ended December
31, 1999, 1998 and 1997.

The results of operations  for the six-month  period ended June 30, 2000 are not
necessarily indicative of the results to be expected for the full year.

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

Inventories consisted of:

                                                      June 30,      December 31,
                                                        2000           1999
                                                     ---------      -----------

         Raw material and supplies                   $  17,454       $  15,214
         Work-in-process and finished goods             39,031          29,501
         Less progress payments                         (2,363)         (2,288)
                                                     ---------       ----------

               Total inventories                     $  54,122       $  42,427
                                                     =========       =========


(3)  Interest and Income Tax Payments
     --------------------------------
                                                         For the Six Months
                                                           Ended June 30,
                                                         2000           1999
                                                     ---------        ---------
         Interest                                       $ 785          $ 337
         Income taxes                                     259            356



<PAGE>
                                                                    Page 7 of 11


(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 for purposes
of the statement of cash flows.

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

Revenue is recognized when products are shipped.

(6)  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.


<PAGE>
                                                                    Page 8 of 11


                             MANAGEMENT'S DISCUSSION
                    AND ANALYSIS OF RESULTS OF OPERATIONS AND
                          CHANGES IN FINANCIAL POSITION

RESULTS OF OPERATIONS
---------------------

Second Quarter 2000 Compared to Second Quarter 1999
---------------------------------------------------

Net sales for the three months ended June 30, 2000 were $57.41 million  compared
to $44.77 for the same period in 1999.  The 28% increase in sales for the second
quarter of 2000 was  primarily  attributed to an  improvement  in the jet engine
market and the Company's acquisition of Pacific Cast Technologies, Inc. ("PCT").
See "Other Information". Gross profit increased to 14.6% of sales in contrast to
11.2% of sales in the second quarter of 1999 as a result of improved  absorption
of fixed costs by the  increased  level of sales.  Energy cost  increases in the
second quarter of 2000 had a negative impact on gross profits.

Selling,  general and  administrative  expenses,  as a percentage of sales, were
4.7% for the second  quarter  of 2000  compared  to 4.3% for the same  period in
1999. The increase in SG&A expenses for the period was largely  attributable  to
increased foreign sales and the PCT operations.

Interest expense for the period was $0.530 million in contrast to $0.181 million
in 1999.  The  increase in interest  expense was due to higher loan  balances of
senior debt  resulting from the PCT purchase and stock buyback  program.  During
the second quarter of 2000, the Company's senior debt had an interest rate equal
to the LIBOR rate plus 0.80% per annum (reduced from commercial  paper plus 1.0%
per annum as of June 30, 1999).

The $0.93  million  provision  for income taxes for 2000 and $0.445  million for
1999 represent largely non-cash  accounting  charges.  The reversal of valuation
allowances relating to  pre-restructuring  NOLs requires the Company to record a
tax  provision  and to reflect  the offset as an  addition  to paid-in  capital,
rather  than as an  offset  to the  provision  for  income  taxes.  The  overall
effective  rate differs  substantially  from the  statutory  tax rate due to the
reversal  of  valuation   allowances  relating  to   post-restructuring   versus
pre-restructuring  deferred tax assets.  The Company  intends to continue to use
its NOLs in the future to reduce actual  payment of federal  income  taxes.  The
future  use of the  NOLs is  subject  to  certain  statutory  restrictions.  See
"Liquidity and Capital Resources."

Net income for the second  quarter of 2000 was $4.2 million,  a 68%  improvement
over  the  same  period  in  1999.  The  increase  in  profitability  was due to
incremental  sales growth  partially  offset by higher than  anticipated  energy
costs.

Six Months 2000 Compared to Six Months 1999
-------------------------------------------

During  the  first six  months of 2000,  the  Company  had net sales of  $112.27
million.  This  represents  a 28% increase in sales over the same period in 1999
due to an  increase  in the jet  engine  market and the PCT  acquisition.  Gross
profit at the Company  improved to 15.1% of sales in 2000 in  comparison to 9.7%
of sales during the first half of 1999.

In the  first  half  of  2000,  selling,  general  and  administrative  expenses
increased  to 4.4% of sales in  comparison  to 4.1% of sales for the  equivalent
period in 1999.

<PAGE>
                                                                    Page 9 of 11


Interest  expense  through the first half of 2000 was $0.974 million in contrast
to $0.342  million in 1999.  This  increase  in interest  expense  was  directly
attributable  to an increase in borrowings to fund the PCT  acquisition  and the
stock buyback program along with higher interest rates during 2000.

As indicated above in the discussion of the second quarter, the $2.0 million tax
provision  for the first six months of 2000,  compared  to $0.7  million for the
same  period  in  1999,  represents  the  largely  non-cash  accounting  charges
associated with the use of pre-restructuring NOLs.

The first half of 2000  yielded a net income of $9.1 million in contrast to $4.0
million in 1999. This 128% improvement is a reflection of an improved  aerospace
market,  a strategic  acquisition and operating  leverage,  partially  offset by
higher implied tax rates.

Liquidity and Capital Resources
-------------------------------

As of  July 1,  1999,  the  Company  entered  into a new  credit  facility  (the
"Facility") with a syndicate of lenders. The Facility provides for borrowings of
up to $100 million subject to certain limitations. Borrowings under the Facility
are unsecured and were initially  structured as revolving  loans with the option
of conversion into term loans.  Borrowings under the Facility bear interest at a
rate of LIBOR plus  0.75% per annum.  Proceeds  from the  Facility  were used to
terminate the prior credit agreement on July 1, 1999.

On April 14,  2000 the  Company  and  substantially  the same  group of  lenders
entered into an amended and restated credit facility (the "New  Facility").  The
New  Facility is  comprised  of a $24 million  term  facility  with a three-year
maturity and a $76 million  revolving  loan  facility.  The term facility  bears
interest at a rate of LIBOR plus 1.25% and the  revolving  loan  facility  bears
interest  at a rate of LIBOR plus 0.80%.  At June 30,  2000,  approximately  $45
million was available  and undrawn  under the New  Facility.  The balance of the
borrowings under the New Facility as of June 30, 2000 was $22.0 million.

The Company has net operating loss ("NOL")  carryforwards,  which were generated
prior to a financial restructuring that was completed on April 30, 1993, as well
as NOL  carryforwards  that  were  generated  in  subsequent  years.  The  total
remaining NOL  carryforwards  were  approximately $50 million as of December 31,
1999. The NOL carryforwards  expire gradually beginning in the year 2007 through
2010.

The Company's IPO created an ownership change as defined by the Internal Revenue
Service,  ("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.  Approximately  $12 million of the
NOL carryforwards is available for use annually. Approximately $2 million of the
$12  million  annual  limitation  relates  to  a  previous  restriction  on  NOL
carryforwards generated prior to the financial restructuring.

Based on the limitations  described above and certain other factors, a valuation
allowance  has been  recorded  against the entire amount of the net deferred tax
assets.  Any tax benefit that is realized in subsequent years from the reduction
of  the  valuation   allowance   established   at  or  prior  to  the  financial
restructuring  will be  recorded  as an  addition  to paid-in  capital.  Any tax
benefit that is realized in subsequent  years from the  utilization  of deferred
tax assets  created  after April 30,  1993,  will be recorded as a reduction  of
future income tax provisions.

Under the common stock  repurchase  program (the  "Program")  authorized  by the
Company's Board of Directors,  the Company  repurchased 504,266 shares, or share
equivalents,  of its common stock during


<PAGE>
                                                                   Page 10 of 11


the second  quarter of 2000.  As of June 30, 2000,  the Company has  repurchased
2,181,628 shares, or share equivalents, of its common stock under the Program.

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.

                           -------------------------

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; technologies; raw
material prices;  interest rates and capital costs; taxes;  unstable governments
and  business  conditions  in  emerging  economies;  and legal,  regulatory  and
environmental  issues. 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.


PART II - OTHER INFORMATION
---------------------------

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

On April 4, 2000, at the 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 elected.  The result of said voting
is as follows:

          Individual                           For             Withheld
          ----------                       ----------          --------
          Lawrence W. Bianchi              11,782,283          431,871
          Charles W. Finkl                 11,782,616          431,538
          Wayne E. Larsen                  11,773,216          440,938
          Robert W. Sullivan               11,781,533          432,621
          Kerry L. Woody                   11,772,716          441,438

In addition,  the  stockholders  were asked to vote on allocating  new shares of
common stock to the Company's 1996 Long-Term  Incentive  Plan. This proposal was
defeated by a vote of 7,311,842 to 4,548,071.

No other matters were submitted to a vote of the stockholders  during the period
covered by this report.

<PAGE>
                                                                   Page 11 of 11


Item 5. Other Information
-------------------------

On January 14, 2000, the Company acquired  substantially all of the assets and a
portion  of the  liabilities  of the  business  formerly  known as  Wyman-Gordon
Titanium Castings, LLC in a transaction valued at approximately $25 million. The
business,  which will operate independently as a wholly-owned  subsidiary of the
Company,  is located in Albany,  Oregon and has been renamed PCT. The  principle
focus of PCT's business is in the investment  casting of titanium for jet engine
and aerospace applications.

Item 6. Reports on Form 8-K
---------------------------

(a)  Exhibit 27. Financial Data Schedule.

(b)  No reports on Form 8-K were filed during the period covered by this report.

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:     July 25, 2000                  By: /s/  WAYNE E. LARSEN
          -----------------                  -----------------------------------
                                                  Wayne E. Larsen
                                             Vice President Law/Finance
                                                     & Secretary