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, 2007

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 July 23, 2007
|----------------------------- | ----------------------------
|Common Stock, $0.01 Par Value | 14,508,967                  

---

Page 2 of 13

# PART I 
FINANCIAL INFORMATION

---

Page 3 of 13

# LADISH CO., INC.
 CONSOLIDATED STATEMENTS OF OPERATIONS

(Dollars in Thousands,
Except Per Share Data)

|                                                 
|-------------------------------------------------
|(unaudited)                                      
|2007                                             
|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      

---

Page 4 of 13

# LADISH CO., INC. CONSOLIDATED BALANCE
SHEETS

(Dollars in Thousands,
Except Share Data)

|Assets                                                                    | (unaudited)
June 30,
2007 | December 31,
2006
|------------------------------------------------------------------------- | ------------------------- | -----------------
|Current assets:                                                           |                           |                  
|Cash and cash equivalents                                                 |                           |                  
|Accounts receivable, less allowance of $126 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                                                    |                           |                  
|Income taxes                                                              |                           |                  
|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, 96,624 and 404,624  shares of common stock, respectively, |                           |                  
|at each date at cost                                                      |                           |                  
|Accumulated other comprehensive loss                                      |                           |                  
|                                                                          |                           |                  
|Total stockholders equity                                                |                           |                  
|                                                                          |                           |                  
|Total liabilities and stockholders equity                                |                           |                  
|                                                                          |                           |                  

---

Page 5 of 13

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

(Dollars in Thousands)

|                                                            
|------------------------------------------------------------
|(unaudited)                                                 
|2007                                                        
|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) loss 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 (used in) operating activities         
|                                                            
|CASH FLOWS FROM INVESTING ACTIVITIES:                       
|Additions to property, plant and equipment                  
|Proceeds from sale of property, plant and equipment         
|Purchase of ZKM stock                                       
|Acquisition of business net of cash acquired                
|                                                            
|Net cash used in investing activities                       
|                                                            
|CASH FLOWS FROM FINANCING ACTIVITIES:                       
|Repayment of senior bank debt                               
|Repayment of notes payable                                  
|Proceeds from senior notes                                  
|Deferred financing costs                                    
|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                    
|                                                            

---

Page 6 of 13

# 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, 2007 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,
2006 and 2005, and the related consolidated statements of operations, stockholders
equity, and cash flows for the years ended December 31, 2006, 2005 and 2004.

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

|                 
|-----------------
|2007             
|Interest paid    
|Income taxes paid

---

Page 7 of 13

|(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
$5,123 and $3,872 as of June 30, 2007 and December 31, 2006, 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
2007 and 2006 are based on annualized combined federal, state and foreign effective tax
rates of 37.2% and 36.3%, respectively. The principal difference, if any, 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 Extra-Territorial Income
(ETI) exclusion related to export sales in 2006 and the Domestic Production
Activities deduction in 2007.

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

The components of net periodic
benefit costs recognized for the six-month periods ended June 30, 2007 and 2006 are
presented in the table below.

|                                  
|----------------------------------
|2007                              
|Service cost                      
|Interest cost                     
|Expected return on plan assets    
|Amortization of prior service cost
|Amortization of the net loss      
|                                  
|Net periodic benefit cost         
|                                  

Contributions:

The Company previously disclosed in
its financial statements for the year ended December 31, 2006, that it expected to
contribute $12,892 to its pension plans in 2007. As of June 30, 2007, the Company has
made $11,173 of contributions to the pension plans versus $2,824 during the same period in
2006. $11,124 of contributions in the first half of 2007 consisted of 300,000 shares of
common stock of the Company which were added to the pension plans on January 3, 2007 and
$49 of cash contributions were added in the six-month period ending June 30, 2007. The
Company currently estimates its total contributions to its pension plans in 2007 will be
$11,797.

---

Page 8 of 13

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 2007, the Company received a
$172 refund and recognized the refund as a reduction to cost of sales and SG&A
expenses in its financial statements.

|(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, 2005, 2006 and 2007.

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 28, 2006. 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, 2007, there were no borrowings under the Facility and $35,000 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, 2007. As of June 30, 2007, 57,836 options granted under the Plan remain
outstanding and exercisable. During the first six months of 2007, 8,000 options were
exercised (for cash of $77) and shares were issued from Treasury Stock.

|(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 and
four 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. The Company has not made any provision in its
financial statements for the asbestos litigation.

---

Page 9 of 13

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

FASB Interpretation No. 48,
Accounting for Uncertainty in Income Taxes, an interpretation of FASB Statement No.
109, requires that an enterprise evaluate all tax positions recognized in that
enterprises financial statements for any uncertainty that the tax positions will not
be sustained under examination. The evaluation process is twofold. First, an enterprise
must determine whether it is more likely than not that a tax position will be sustained
upon examination. Secondly, the enterprise must measure the amount of benefit to recognize
in its financial statements for tax positions which meet the more likely than not
threshold. FASB Interpretation No. 48 became effective for fiscal years beginning after
December 15, 2006. For the six month period ending June 30, 2007, the Company does not
believe there is any uncertainty with respect to the tax positions reflected in its
financial statements which would result in a material change in the amount of benefit
recognized in the financial statements; therefore, no provision has been made for the
adoption of FASB Interpretation No. 48.

---

Page 10 of 13

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

RESULTS OF OPERATIONS

Second Quarter 2007
Compared to Second Quarter 2006

Net sales for the three months ended
June 30, 2007 were $113,594 compared to $90,173 for the same period in 2006. The 26%
increase in net sales for the second quarter of 2007 versus 2006 was due to growth in all
markets served by the Company along with the increase in pricing for the raw materials
utilized by the Company. Gross profit for the second quarter of 2007 decreased to 19.3% of
net sales in contrast to 21.3% of net sales in the second quarter of 2006 primarily as a
result of the increased raw material costs in the quarter which resulted in raw material
being a higher percentage of net sales in the second quarter of 2007 in comparison to the
same period in 2006 and thereby decreasing gross profit as a percent of net sales.

Selling, general and administrative
expenses, as a percentage of net sales, were 3.6% for the second quarter of 2007 compared
to 5.4% for the same period in 2006. The decrease in SG&A expenses between the periods
was attributable to the Companys transition to using internal staffing for
international sales, partially offset by an increased provision for incentive
compensation.

Interest expense for the second
quarter of 2007 was $708 in contrast to $893 for the same period in 2006. The lower
interest expense in 2007 is due primarily to increased capitalization of interest expense
on capital projects. During the second quarter of 2007, 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 no borrowings under the revolving line of credit facility and had
$52,000 of senior notes outstanding at the end of the second quarter of 2007.

The 2007 and 2006 second quarter
income tax provisions are based on effective tax rates of 37.4% and 35.7%, respectively.
At December 31, 2006, the Company has $4,429 of net operating loss (NOL)
carryforwards which reduce 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
second quarter of 2007 was $10,761, a $2,259 or 27% increase from the same period in 2006.
The increase in profitability was due to increased sales volume in 2007. Profitability, as
a percentage of net sales, was relatively unchanged in the periods in spite of the higher
sales and total profits due to higher raw material prices in 2007 resulting in raw
material being a higher percentage of net sales. The Companys contract backlog at
June 30, 2007 was $543,123 as the Company received $105,793 of new orders in the
second quarter of 2007, in comparison to backlogs of $525,922 and $499,764 at
June 30, 2006 and December 31, 2006, respectively, and $115,083 of new orders in the
second quarter of 2006.

---

Page 10 of 13

First Six Months 2007
Compared to First Six Months 2006

During the first six months of 2007,
the Company had $211,260 of net sales in contrast to $185,179 of net sales in the
comparable period in 2006. This 14.1% increase in net sales is attributable to the
strength of the jet engine, aerospace and industrial markets served by the Company and to
higher prices for the raw materials which go into the products manufactured by the
Company. Gross profits in the first half of 2007 were $35,635 or 16.9% of sales. During
the same period of 2006, gross profits were $36,540 or 19.7% of sales. The decline in
gross profits, as a percentage of sales, is due to the equipment issues the Company faced
in the first quarter of 2007 along with significantly higher raw material prices in 2007
which result in raw material being a higher percentage of cost of sales and reduced gross
profits as a percentage of sales.

The Company incurred $8,048 of
SG&A expenses in the first six months of 2007, at a rate of 3.8% of net sales. In the
same period of 2006, the Company had $9,138 of SG&A expenses, or 4.9% of net sales.
The decrease in SG&A expenses, as a percentage of sales, resulted from a switch to
internal staffing for international sales and a continued focus on cost controls. Interest
expense for the first half of the year was $1,506 in comparison to $1,659 in the same
period of 2006. The decrease is due primarily to increased capitalization of interest
expense on capital projects.

The Company used an annualized
effective tax rate of 37.2% for the first six months of 2007. For the same period in 2006,
the Company used an annualized effective tax rate of 36.3%. The difference from the
federal statutory rate of 35% is due primarily to the impact of state income taxes offset
by the lower income tax rate for the Companys subsidiary in Poland and the benefit
of the ETI exclusion related to export sales in 2006 and the Domestic Production
Activities deduction in 2007. See Note 6 to the consolidated financial statements and
Liquidity and Capital Resources.

For the first half of 2007, the
Company had $16,529 of net income, or $1.14 of income per share on a fully diluted basis.
During the first six months of 2006, net income was $16,134, or $1.14 per share, on a
fully diluted basis.

Liquidity and Capital
Resources

The Companys cash position as
of June 30, 2007 is $3,039 more than its position at December 31, 2006. The
year-to-date increase in cash is a result of increased sales and collections reduced by
paying down $2,100 of borrowings under the revolving credit facility and increases in
accounts receivable and inventory partially offset by an increase in trade payables. In
addition, cash was reduced in the first six months of 2007 by $16,292 for capital
expenditures.

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, 2005, 2006 and 2007.

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 revolving credit facility which was most
recently renewed on April 28, 2006. The revolving credit 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, 2007, there were no borrowings under the revolving credit facility
and $35,000 of credit was available pursuant to the terms of the revolving credit
facility.

---

Page 12 of 13

As of December 31, 2006, the Company
has NOL carryforwards of $4,285 that were generated prior to its 1993 reorganization and
$144 of NOL carryforwards that were generated in 2004. The NOLs generated prior to the
reorganization in 1993 are subject to an IRS imposed annual usage limitation of $2,142 and
expire in 2008. There is no limitation on the usage of the NOLs generated in 2004 and
these NOLs expire in 2024.

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 energy prices
| | Legal, regulatory and environmental issues                         |  | Taxes                         
| | Health care costs                                                 

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 June 30, 2007. 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.

---

Page 13 of 13

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, 2007,
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 2, 2007 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 tabulation reflects the results of that election:

|Director Name       | Authority Granted | Authority Withheld
|------------------- | ----------------- | ------------------
|Lawrence W. Bianchi | 13,620,075        | 470,875           
|James C. Hill       | 13,778,042        | 312,908           
|Leon A. Kranz       | 13,768,834        | 322,116           
|J. Robert Peart     | 13,769,242        | 321,708           
|John W. Splude      | 13,777,325        | 313,625           
|Kerry L. Woody      | 13,778,722        | 312,228           

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, 2007. The Stockholders approved this action by the following vote:

|For        | Against | Abstain
|---------- | ------- | -------
|14,043,107 | 41,016  | 6,326  

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:  July 25, 2007 | By:  /s/ WAYNE E. LARSEN  
|                     | Wayne E. Larsen           
|                     | Vice President Law/Finance
|                     | & Secretary