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, 2005

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  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 September 30, 2005
|----------------------------- | ---------------------------------
|Common Stock, $0.01 Par Value | 13,857,060                       

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# 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)

|                                            
|--------------------------------------------
|2005                                        
|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,
2005 | December 31,
2004
|------------------------------------------------------------------------------- | ------------------ | -----------------
|Current assets:                                                                 |                    |                  
|Cash and cash equivalents                                                       |                    |                  
|Accounts receivable, less allowance of $176 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 notes                                                                    |                    |                  
|Accrued liabilities:                                                            |                    |                  
|Pensions                                                                        |                    |                  
|Postretirement benefits                                                         |                    |                  
|Wages and salaries                                                              |                    |                  
|Taxes, other than income taxes                                                  |                    |                  
|Interest                                                                        |                    |                  
|Profit sharing                                                                  |                    |                  
|Paid progress billings                                                          |                    |                  
|Other                                                                           |                    |                  
|                                                                                |                    |                  
|Total current liabilities                                                       |                    |                  
|Long term liabilities:                                                          |                    |                  
|Senior bank debt                                                                |                    |                  
|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, 716,455 and 911,789 shares of common stock at each date 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)

|                                                        
|--------------------------------------------------------
|2005                                                    
|CASH FLOWS FROM OPERATING ACTIVITIES:                   
|Net income                                              
|Adjustments to reconcile net income to net cash         
|provided by (used for) operating activities:            
|Depreciation                                            
|Charge in lieu of taxes related to goodwill             
|Non-cash compensation related to stock options          
|Deferred income taxes                                   
|(Gain) loss 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 in) 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                               
|Proceeds from senior bank debt                          
|Issuance of common stock                                
|                                                        
|Net cash provided by (used in) financing activities     
|                                                        
|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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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, 2005 and its
results of operations and cash flows for the interim periods then ended. 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, 2004 and 2003, and the related consolidated
statements of operations, stockholders equity, and cash flows for the years ended
December 31, 2004, 2003 and 2002.

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

|                            
|----------------------------
|2005                        
|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 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 September 30, 2005 year-to-date
tax provision of $6,507 reflects an annualized combined federal and state effective tax
rate of 38.1%. The principal difference from the expected federal tax rate of 35% is due
primarily to state income taxes, partially offset by the benefit of the Extra-Territorial
Income (ETI) exclusion.

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

The components of net periodic
benefit costs recognized for the nine-month periods ending September 30, 2005 and
2004 are presented in the table below.

|                                   
|-----------------------------------
|2005                               
|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, 2004,
that it expected to contribute $4,003 to its pension plans in 2005. As of September 30,
2005, the Company has made $3,037 of cash contributions to the pension plans versus
$2,030 during the same period in 2004. In addition, on July 14, 2004, the Company
contributed common stock with a market value of $4,725 to the pension plans. The Company
currently estimates its total contribution to its pension plans in 2005 will be $4,295.

|(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.

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|(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
943,833 options have been granted. These options expire ten years from the grant date.
Options granted vest over two years. There were 3,000 options forfeited and no options
granted in the nine months ended September 30, 2005. As of September 30, 2005,
377,667 options granted under the Plan remain outstanding and exercisable. During 2005,
195,334 stock options were exercised (for cash of $1,429) and shares were issued from
Treasury Stock.

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, 2005 and September 30, 2004. 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:

|                
|----------------
|2005            
|As
Reported     
|Net income      
|Diluted earnings
|per share       

|(10) | 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 and
three asbestos cases in Illinois. As of the date of this filing, the Company has been
dismissed from many of the cases in Mississippi and two of the cases in Illinois. 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.

|(11) | New
Accounting Pronouncements
|---- | -----------------------------

In March 2005, the Financial
Accounting Standards Board (FASB) issued Interpretation No. 47 (FIN
47), Accounting for Conditional Asset Retirement Obligations. FIN 47 clarifies that
an entity must record a liability for a conditional asset retirement
obligation if the fair value of the obligation can be reasonably estimated. The provision
is effective no later than the end of the fiscal year ending after December 15, 2005. The
Company has not determined what effect, if any, FIN 47 will have on its financial position
or results of operations.

The Company currently expects to
adopt Statement of Financial Accounting Standards No. 123 (revised), Share-Based Payment,
effective January 1, 2006, based on the new effective date announced by the SEC. The
cumulative effect of initially applying this Statement, if any, is recognized as of the
effective date. Because the Company has no unvested options, it is expected that adoption
will have no material effect on the results of operations or financial position as of the
effective date.

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FASB Statement 151, Inventory
Costs-an amendment of FASB No. 43, Chapter 4,amends the guidance in ARB No. 43,
Chapter 4 Inventory Pricing to clarify the accounting for abnormal amounts of
idle facility expense, freight, handling costs and wasted material. This Statement
requires that those items be expensed as current period charges to expense and that
allocation of fixed production overheads to the cost of conversion be based on the normal
capacity of the production facilities. The provisions of this Statement are effective for
inventory costs incurred by the Company beginning January 1, 2006. As the Company already
applies this approach to inventory pricing, there will be no effect on its financial
position and results of operations.

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MANAGEMENTS
DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND CHANGES IN FINANCIAL POSITION
(Dollars in Thousands)

RESULTS OF OPERATIONS

Third Quarter 2005
Compared to Third Quarter 2004

Net sales for the three months ended
September 30, 2005 were $64,832 compared to $51,076 for the same period in 2004. The
27% increase in sales for the third quarter of 2005 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 2005 increased to 15.8% of sales in contrast to 8.3%
of sales in the third quarter of 2004 primarily as a result of increased sales and a more
favorable product mix, which resulted in better absorption of fixed costs, along with
improved pricing of by-product sales in 2005.

Selling, general and administrative
expenses, as a percentage of sales, were 6.8% for the third quarter of 2005 compared to
4.3% for the same period in 2004. The increase in SG&A expenses as a percentage of
sales between the periods was directly attributable to the Companys recognition in
the third quarter of 2005 of $2,032 of charges in accordance with FASB Interpretation No.
44 (FIN 44) on the variable pricing portion of the Companys stock option
program. Without the FIN 44 charge, SG & A in the third quarter of 2005 would have
been $2,404 or 3.7% of sales, reflecting the Companys increased sales and cost
containment efforts.

Interest expense for the three-month
period in 2005 was $504 in contrast to $476 for the same period in 2004. The higher
interest expense in 2005 reflects establishment of the $15,000 term loan in the period
partially offset by the $6,000 reduction in the amount of senior notes outstanding. During
the third quarter of 2005, the Companys revolving credit facility had an interest
rate equal to the LIBOR rate plus 1.25% per annum. The term loan bore an interest rate of
5.75% 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 at the end of the third
quarter of 2005.

The third quarter of 2005 income tax
provision of $2,044 reflects an annualized effective tax rate of 38.4%. The Company has
significant net operating loss (NOL) carryforwards which largely offset
current 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
third quarter of 2005 was $3,276, a $2,460 increase from the same period in 2004. The
increase in profitability was due to the above described sales increase in 2005 which
resulted in the improved absorption of fixed costs along with improved product mix,
favorable by-product sales and tooling revenue. The Companys contract backlog at
September 30, 2005 was $394,913 as the Company received $83,493 of new orders in the
third quarter of 2005, in comparison to a backlog of $269,933 at September 30, 2004
and $82,087 of new orders in the third quarter of 2004.

First Nine Months of 2005
Compared to First Nine Months of 2004

In the first nine months of 2005, the
Company had $196,459 of net sales, an increase of $41,388 or 27% over the same period in
2004. This sales growth was due to the continued improvement in the aerospace market. The
Company had gross income of $27,459 or 14% of sales in the first nine months of 2005 in
comparison to $12,327 or 7.9% of sales in the first nine months of 2004. The improvement
in profitability in 2005 is attributed to better absorption of fixed costs from the
increased sales, improved product mix and gains from by-product sales.

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Selling, general and administrative
expenses in the first nine months of 2005 were 4.6% of sales; excluding the impact of the FIN 44 charge of
$1,589, selling, general and administrative expenses were 3.8% of sales in comparison to 4.3% of sales in the first nine months of
2004. This percentage reduction was attributable to the sales increase and cost
containment efforts in the first nine months of 2005 vs. 2004.

Interest expense of $1,380 in the
first nine months of 2005 was a reduction of $300 from the $1,680 of interest expense
incurred in the same period of 2004. The reduction in interest is due to the lower level
of debt through most of 2005 resulting from the July 2004 and 2005 annual amortization of
$6,000 of long-term notes, partially offset by the activation of the $15,000 Term Loan
facility in July of 2005.

The Company recognized $6,507 of
income tax expense for the first nine months of 2005, an effective rate of 38.1%, versus
$1,502, an effective rate of 36.9%, in 2004. The Company has significant net operating
loss NOL carryforwards which largely offset current 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.

Net income for the first nine months
of 2005 of $10,564, 5.4% of sales, resulted in diluted earnings per share of $0.76. The
improvement over the 2004 first nine months results of $2,569, 1.7% of sales and diluted
earnings per share of $0.19 is due to a number of factors. The 2005 increase in sales
provided for better absorption of fixed costs and resulted in improved profitability on
the incremental sales growth as the Company was able to increase production without
incrementally increasing its cost structure. The first nine months of 2005 also contained
a favorable product mix and the Company benefited from higher by-product sales as metal
prices increased significantly. During the first nine months of 2005, the Company received
$318,613 in new orders in contrast to $207,796 during the same period in 2004 and had a
contract backlog of $394,913 at September 30, 2005.

Liquidity and Capital
Resources

The Companys cash position as
of September 30, 2005 is $3,017 more than its position at December 31, 2004. The
year-to-date increase in cash is a result of drawing $15,000 under the new Term Loan
offset by a reduction in cash from a $6,000 amortization of senior notes and from
operating activities due to increases in accounts receivable and inventory partially
offset by an increase in trade payables. In addition, cash was reduced in the first nine
months of 2005 by $5,169 of capital expenditures.

On July 20, 2001, the Company sold
$30,000 of senior notes in a private placement to certain institutional investors. The
senior notes bear interest at a rate of 7.19% per annum with the interest being paid
semiannually. The senior 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 senior notes to repay outstanding borrowings and for working capital purposes.
The first amortization payment of $6,000 was made on July 20, 2004, the second
amortization payment of $6,000 was made on July 20, 2005.

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In conjunction with the private
placement of the senior 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.

On July 20, 2005, the Company and the
same lenders amended the Facility to provide for a $15,000 term loan component (the
Term Loan). The duration of the Term Loan is five years with amortization of
the Term Loan beginning in year two. The amortization is based on a ten-year payback with
a balloon payment at the end of year five. The interest rate on the Term Loan is fixed at
5.75%. The revolving line of credit was increased to $35,000 with an interest rate of
LIBOR plus 1.25%. There were no borrowings under the revolving line of credit as of
September 30, 2005. The entire line of credit was available pursuant to the terms of
the Facility.

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 $42,838 as
of December 31, 2004. The NOL carryforwards expire gradually in the years 2007 through
2024.

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 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:

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| | 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.

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 September 30, 2005. 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 September 30,
2005, including any corrective actions with regard to significant deficiencies and
material weaknesses.

# PART II  OTHER
INFORMATION

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.

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Page 14 of 14

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 24, 2005 | By:  /s/ WAYNE E. LARSEN  
|                        | Wayne E. Larsen           
|                        | Vice President Law/Finance
|                        | & Secretary