# Exhibit 99.01

Woodhead Industries
Reports Fiscal First Quarter Results 10% Revenue Growth

DEERFIELD, IL  January 27, 2006
 Woodhead Industries, Inc., (NASDAQ: WDHD) today announced financial results for its
fiscal first quarter ended December 31, 2005. The company reported first quarter revenue
of $53.4 million, up $4.8 million, or 9.8%, compared to the same period last year. Income
from operations totaled $3.6 million, up from $0.2 million during the first quarter of
2005. Net income was $2.2 million, or $0.18 per share for the 2006 first quarter, compared
to net income of $1.2 million, or $0.10 per share for the same period in 2005.

The previously announced litigation
settlement contributed $1.6 million to revenue and $0.07 to earnings per share during the
quarter, while foreign exchange negatively impacted the year-over-year revenue comparison
by $1.8 million. Both items are included in the Connectivity segment.

Philippe Lemaitre, Woodhead
Industries Chairman and Chief Executive Officer, commented, We are pleased to
report a solid start to our 2006 fiscal year. Revenue from our North American Connectivity
business was up 22% (14% without the legal settlement), and we realized significant
improvement in our European markets. In addition to our performance on the revenue line,
we are diligently managing costs, as evidenced by flat operating expenses on a
year-over-year basis.

In the Connectivity segment, sales
were $40.4 million, up 9.5% from $36.9 million in 2005. Income from operations totaled
$1.7 million, compared to $0.1 million last year. Operating margins in this segment
improved substantially as a result of higher volume, improved utilization and the legal
settlement, which added $0.6 million to operating profit during the quarter.

Electrical segment revenue increased
10.8% to $13.1 million, as compared to $11.8 million last year. Income from operations was
$1.2 million, up from $0.3 million during the same period last year. The sizeable increase
in profitability is primarily attributable to the higher volume this year and the
operating improvements made during the last three quarters of 2005.

---

Backlog grew $1.9 million, or 12%
during the first quarter and has grown an additional $2.3 million in January, to $20.5
million.

# Outlook

Lemaitre noted, Given our
current view of the economic and competitive conditions in our markets, we anticipate
revenues during the second quarter of $57  $59 million, and earnings per share of
$0.18  $0.21. For the full year, we anticipate revenues of $227  $231 million,
and earnings per share of $0.79  $0.85.

This press release contains
statements that are forward-looking. These statements are based on current expectations
that are subject to risks and uncertainties. In particular, such risks include future
actions, prospective products, future performance or results of current or anticipated
products, sales efforts, expenses, the outcome of contingencies such as legal proceedings,
general economic and business conditions, competition, and other issues discussed in our
Form 10-K and other SEC filings.

# Conference Call

Woodhead Industries, Inc., will host
a conference call today, January 27, 2006, at 11:00 am Eastern Time to discuss performance
and financial results for the fiscal first quarter. To access a live internet webcast of
the conference call, visit the Companys website at www.woodhead.com and
select the webcast icon. The dial-in phone number is 800-967-7134 or 719-457-2625. The
Access code is 3640380. A replay of the conference call will be archived and available on
the Companys website following the live event.

# About Woodhead
Industries, Inc.

Woodhead Industries (NASDAQ: WDHD)
develops, manufactures and markets network and electrical infrastructure products
engineered for performance in harsh, demanding, and hazardous industrial environments.
Woodhead is known in the global industrial market by its recognized brands which include
Brad Harrison®, BradPower, BradControl, SST, Daniel
Woodhead®, mPm®, applicom®,
Aero-Motive® and RJ-Lnxx®. Our expertise extends from
mechanical, electrical, and electronics to communication software products and
technologies. Woodhead operates from 21 locations in 10 countries spanning North America,
Europe and Asia/Pacific.

For further information, contact:
Robert Fisher, Vice President, Finance and CFO, 847-317-2400, e-mail:
rfisher@woodhead.com.

# [Tables to Follow]

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WOODHEAD INDUSTRIES, INC.
 Consolidated Balance Sheet(Amounts in thousands)

|Assets                                                                     |  | 12/31/2005 |   | 10/1/2005
|-------------------------------------------------------------------------- |  | ---------- | - | ---------
|                                                                           |  |            |   |          
|Current Assets                                                             |  |            |   |          
|Cash and short-term investments                                            |  |            | $ | 17,080   
|Accounts receivable                                                        |  |            |   | 36,109   
|Inventories                                                                |  |            |   | 21,512   
|Prepaid expenses                                                           |  |            |   | 6,041    
|Refundable income taxes                                                    |  |            |   | 836      
|Deferred income taxes                                                      |  |            |   | 2,516    
|                                                                           | 
|Total current assets                                                       |  |            |   | 84,094   
|Property, plant and equipment, net                                         |  |            |   | 53,172   
|Goodwill, net                                                              |  |            |   | 35,232   
|Deferred income taxes                                                      |  |            |   | 2,526    
|Other Assets                                                               |  |            |   | 1,010    
|                                                                           | 
|Total Assets                                                               |  |            | $ | 176,034  
|                                                                           | 
|                                                                          
|Liabilities and Stockholders Investment                                   |  |           
|Current Liabilities                                                        |  |           
|Accounts payable                                                           |  |            | $ | 9,320    
|Accrued expenses                                                           |  |            |   | 11,556   
|Income taxes payable                                                       |  |            |   | 737      
|Current portion of long-term debt                                          |  |            |   | 5,700    
|                                                                           | 
|Total current liabilities                                                  |  |            |   | 27,313   
|Long-term debt                                                             |  |            |   | 19,500   
|Deferred income taxes                                                      |  |            |   | 4,618    
|Other liabilities                                                          |  |            |   | 3,900    
|                                                                           | 
|Total Liabilities                                                          |  |            |   | 55,331   
|                                                                          
|Stockholders investment:                                                  |  |           
|Common stock at par (shares issued: 12,380 at 12/31/05, 12,260 at 10/1/05) |  |            |   | 12,172   
|Additional paid-in capital                                                 |  |            |   | 21,572   
|Deferred stock compensation                                                |  |            |   |         
|Accumulated other comprehensive income                                     |  |            |   | 3,475    
|Retained earnings                                                          |  |            |   | 83,484   
|                                                                           | 
|Total stockholders investment                                             |  |            |   | 120,703  
|                                                                           | 
|Total Liabilities and Stockholders Investment                             |  |            | $ | 176,034  
|                                                                           | 

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WOODHEAD INDUSTRIES, INC.
 Consolidated Income Statement(Amounts in thousands, except per share data)

|                                           |  | Quarter Ended: |   |       
|------------------------------------------ |  | -------------- | - | ------
|
|                                           |  |                |   |       
|Net Sales                                  |  |                | $ | 53,439
|Cost of Sales                              |  |                |   | 33,283
|                                           |  |                |   |       
|Gross Profit                               |  |                |   | 20,156
|% of Net Sales                             |  |                |   | 37.7  
|                                          
|Operating Expenses                         |  |                |   | 16,527
|% of Net Sales                             |  |                |   | 30.9  
|                                           |  |                |   |       
|Income From Operations                     |  |                |   | 3,629 
|% of Net Sales                             |  |                |   | 6.8   
|                                          
|Other Expenses                             |  |               
|Interest Expense                           |  |                |   | 304   
|Other (Income)/Expenses, Net               |  |                |   | (155  
|                                           |  |                |   |       
|Other (Income) / Expenses                  |  |                |   | 149   
|Income Before Taxes                        |  |                |   | 3,480 
|% of Net Sales                             |  |                |   | 6.5   
|                                          
|Provision For Income Taxes                 |  |                |   | 1,264 
|                                           |  |                |   |       
|Net Income                                 |  |                | $ | 2,216 
|% of Net Sales                             |  |                |   | 4.1   
|                                           |  |                |   |       
|                                          
|Earnings per share                         |  |               
|Diluted                                    |  |                | $ | 0.18  
|                                          
|                                          
|Weighted-average common shares outstanding |  |               
|Diluted                                    |  |                |   | 12,295
|                                           |  |                |   |       
|Dividends Per Share                        |  |                | $ | 0.10  
|                                           |  |                |   |       

|SEGMENT DATA           |  | Quarter Ended: |   |       
|---------------------- |  | -------------- | - | ------
|
|                       |  |                |   |       
|Net Sales              |  |                |   |       
|Connectivity           |  |                | $ | 40,377
|Electrical             |  |                |   | 13,062
|                       |  |                |   |       
|Total                  |  |                | $ | 53,439
|                       |  |                |   |       
|                      
|Income From Operations |  |               
|Connectivity           |  |                | $ | 1,708 
|Electrical             |  |                |   | 1,247 
|Corporate and Other    |  |                |   | 674   
|                       |  |                |   |       
|Total                  |  |                | $ | 3,629 
|                       |  |                |   |       

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