##### 



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549
 FORM 10-Q
  þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended July 1, 2006
 OR
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
 For the transition period from  to
 Commission File Number 1-313
 THE LAMSON & SESSIONS CO.
  Ohio
    
    34-0349210(State or other jurisdiction of
incorporation or organization)
    
    (IRS Employer Identification No.)
 25701 Science Park Drive
Cleveland, Ohio
    
    44122-7313(Address of principal executive offices)
    
    (Zip Code)
 
  
  þ o
  o þ o
 o þ
 APPLICABLE ONLY TO CORPORATE ISSUERS:




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##### 



PART I
 Item 1  Financial Statements
 CONSOLIDATED INCOME STATEMENTS (Unaudited)
The Lamson & Sessions Co. and Subsidiaries
 (Dollars in thousands, except per share data)
 Second Quarter Ended
    
    
    First Half Ended2006
    
    
    2005
    
    
    2006
    
    
    2005NET SALES
    
    $
    162,313
    
    
    
    100.0
    %
    
    $
    124,010
    
    
    
    100.0
    %
    
    $
    297,714
    
    
    
    100.0
    %
    
    $
    222,802
    
    
    
    100.0
    %Cost of products sold
    
    
    122,241
    
    
    
    75.3
    %
    
    
    100,995
    
    
    
    81.4
    %
    
    
    226,659
    
    
    
    76.1
    %
    
    
    182,810
    
    
    
    82.1
    %GROSS PROFIT
    
    
    40,072
    
    
    
    24.7
    %
    
    
    23,015
    
    
    
    18.6
    %
    
    
    71,055
    
    
    
    23.9
    %
    
    
    39,992
    
    
    
    17.9
    %Selling and marketing expenses
    
    
    9,564
    
    
    
    6.0
    %
    
    
    7,528
    
    
    
    6.1
    %
    
    
    18,311
    
    
    
    6.1
    %
    
    
    14,602
    
    
    
    6.5
    %General and administrative expenses
    
    
    6,396
    
    
    
    3.9
    %
    
    
    4,326
    
    
    
    3.5
    %
    
    
    12,101
    
    
    
    4.1
    %
    
    
    8,138
    
    
    
    3.7
    %Research and development expenses
    
    
    562
    
    
    
    0.3
    %
    
    
    462
    
    
    
    0.4
    %
    
    
    1,148
    
    
    
    0.4
    %
    
    
    938
    
    
    
    0.4
    %Total operating expenses
    
    
    16,522
    
    
    
    10.2
    %
    
    
    12,316
    
    
    
    10.0
    %
    
    
    31,560
    
    
    
    10.6
    %
    
    
    23,678
    
    
    
    10.6
    %OPERATING INCOME
    
    
    23,550
    
    
    
    14.5
    %
    
    
    10,699
    
    
    
    8.6
    %
    
    
    39,495
    
    
    
    13.3
    %
    
    
    16,314
    
    
    
    7.3
    %Interest expense, net
    
    
    1,131
    
    
    
    0.7
    %
    
    
    2,211
    
    
    
    1.8
    %
    
    
    2,248
    
    
    
    0.8
    %
    
    
    4,213
    
    
    
    1.9
    %INCOME
BEFORE INCOME TAXES
    
    
    22,419
    
    
    
    13.8
    %
    
    
    8,488
    
    
    
    6.8
    %
    
    
    37,247
    
    
    
    12.5
    %
    
    
    12,101
    
    
    
    5.4
    %Income tax provision
    
    
    8,430
    
    
    
    5.2
    %
    
    
    3,261
    
    
    
    2.6
    %
    
    
    14,038
    
    
    
    4.7
    %
    
    
    4,670
    
    
    
    2.1
    %NET INCOME
    
    $
    13,989
    
    
    
    8.6
    %
    
    $
    5,227
    
    
    
    4.2
    %
    
    $
    23,209
    
    
    
    7.8
    %
    
    $
    7,431
    
    
    
    3.3
    %Net earnings per share:Basic
    
    $
    0.90
    
    
    
    
    
    
    $
    0.37
    
    
    
    
    
    
    $
    1.51
    
    
    
    
    
    
    $
    0.53Diluted
    
    $
    0.87
    
    
    
    
    
    
    $
    0.35
    
    
    
    
    
    
    $
    1.45
    
    
    
    
    
    
    $
    0.51
  2




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##### 



CONSOLIDATED BALANCE SHEETS (Unaudited)
The Lamson & Sessions Co. and Subsidiaries
 (Dollars in thousands)
 Second Quarter
    
    
    
    
    
    
    Second QuarterEnded
    
    
    Year Ended
    
    
    Ended2006
    
    
    2005
    
    
    2005ASSETSCURRENT ASSETSCash and cash equivalents
    
    $
    1,662
    
    
    $
    1,210
    
    
    $
    1,422Accounts receivable, net of allowances of
$2,421, $1,827 and $1,883, respectively
    
    
    88,712
    
    
    
    68,507
    
    
    
    64,388Inventories, netRaw materials
    
    
    5,582
    
    
    
    5,721
    
    
    
    4,170Work-in-process
    
    
    6,203
    
    
    
    6,221
    
    
    
    5,635Finished goods
    
    
    41,801
    
    
    
    32,045
    
    
    
    33,40153,586
    
    
    
    43,987
    
    
    
    43,206Deferred tax assets
    
    
    8,293
    
    
    
    11,806
    
    
    
    8,171Prepaid expenses and other
    
    
    4,133
    
    
    
    3,687
    
    
    
    5,034TOTAL CURRENT ASSETS
    
    
    156,386
    
    
    
    129,197
    
    
    
    122,221PROPERTY, PLANT AND EQUIPMENTLand
    
    
    3,320
    
    
    
    3,320
    
    
    
    3,320Buildings
    
    
    25,390
    
    
    
    25,533
    
    
    
    25,182Machinery and equipment
    
    
    119,311
    
    
    
    128,280
    
    
    
    123,282148,021
    
    
    
    157,133
    
    
    
    151,784Less allowances for depreciation and amortization
    
    
    96,254
    
    
    
    108,300
    
    
    
    104,233Total Net Property, Plant and Equipment
    
    
    51,767
    
    
    
    48,833
    
    
    
    47,551GOODWILL
    
    
    21,441
    
    
    
    21,441
    
    
    
    21,480PENSION ASSETS
    
    
    34,921
    
    
    
    34,369
    
    
    
    30,873DEFERRED TAX ASSETS
    
    
    2,598
    
    
    
    2,274
    
    
    
    11,901OTHER ASSETS
    
    
    3,750
    
    
    
    3,893
    
    
    
    5,152TOTAL ASSETS
    
    $
    270,863
    
    
    $
    240,007
    
    
    $
    239,178LIABILITIES AND SHAREHOLDERS EQUITYCURRENT LIABILITIESAccounts payable
    
    $
    36,359
    
    
    $
    30,943
    
    
    $
    28,766Accrued compensation and benefits
    
    
    12,681
    
    
    
    15,327
    
    
    
    11,332Customer volume & promotional accrued expenses
    
    
    4,994
    
    
    
    7,719
    
    
    
    4,704Other accrued expenses
    
    
    10,756
    
    
    
    7,787
    
    
    
    7,929Taxes
    
    
    5,488
    
    
    
    4,427
    
    
    
    4,930Current maturities of long-term debt
    
    
    5,775
    
    
    
    5,775
    
    
    
    5,875TOTAL CURRENT
LIABILITIES
    
    
    76,053
    
    
    
    71,978
    
    
    
    63,536LONG-TERM DEBT
    
    
    50,816
    
    
    
    55,026
    
    
    
    90,562POST-RETIREMENT BENEFITS AND OTHER
LONG-TERM LIABILITIES
    
    
    22,293
    
    
    
    22,704
    
    
    
    29,762SHAREHOLDERS EQUITYCommon shares
    
    
    1,558
    
    
    
    1,508
    
    
    
    1,420Other capital
    
    
    98,129
    
    
    
    90,056
    
    
    
    78,514Retained earnings (deficit)
    
    
    23,324
    
    
    
    115
    
    
    
    (19,849
    )Accumulated other comprehensive income (loss)
    
    
    (1,310
    )
    
    
    (1,380
    )
    
    
    (4,767
    )Total Shareholders Equity
    
    
    121,701
    
    
    
    90,299
    
    
    
    55,318TOTAL LIABILITIES AND
SHAREHOLDERS EQUITY
    
    $
    270,863
    
    
    $
    240,007
    
    
    $
    239,178
  3




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##### 



CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited)
 The Lamson & Sessions Co. and Subsidiaries
 (Dollars in thousands)
 First Half Ended2006
    
    
    2005OPERATING ACTIVITIESNet income
    
    $
    23,209
    
    
    $
    7,431Adjustments to reconcile net income to cash provided (used) by
operating activities:Depreciation
    
    
    4,385
    
    
    
    4,485Amortization
    
    
    106
    
    
    
    806Stock based compensation
    
    
    1,816
    
    
    
    Deferred income taxes
    
    
    5,103
    
    
    
    2,298Changes in operating assets and liabilities:Accounts receivable
    
    
    (20,205
    )
    
    
    (15,997
    )Inventories
    
    
    (9,599
    )
    
    
    (6,346
    )Prepaid expenses and other
    
    
    (446
    )
    
    
    94Accounts payable
    
    
    5,416
    
    
    
    4,553Accrued expenses and other current liabilities
    
    
    (3,179
    )
    
    
    (2,222
    )Tax benefit from exercise of stock options
    
    
    
    
    
    
    525Pension plan contributions
    
    
    (650
    )
    
    
    (697
    )Other long-term items
    
    
    (206
    )
    
    
    (501
    )CASH PROVIDED (USED) BY OPERATING ACTIVITIES
    
    
    5,750
    
    
    
    (5,571
    )INVESTING ACTIVITIESNet additions to property, plant and equipment
    
    
    (7,319
    )
    
    
    (4,075
    )Acquisitions and related items
    
    
    
    
    
    
    (124
    )CASH USED IN INVESTING ACTIVITIES
    
    
    (7,319
    )
    
    
    (4,199
    )FINANCING ACTIVITIESNet (payments) borrowings under secured credit agreement
    
    
    (4,000
    )
    
    
    8,900Payments on other long-term borrowings
    
    
    (210
    )
    
    
    (214
    )Purchase and retirement of treasury stock (24,782 shares)
    
    
    (421
    )
    
    
    Exercise of stock options (489,025 and 310,650 shares issued,
respectively)
    
    
    2,376
    
    
    
    1,823Tax benefit from exercise of stock options
    
    
    4,276
    
    
    
    CASH PROVIDED BY FINANCING ACTIVITIES
    
    
    2,021
    
    
    
    10,509INCREASE IN CASH AND CASH EQUIVALENTS
    
    
    452
    
    
    
    739Cash and cash equivalents at beginning of year
    
    
    1,210
    
    
    
    683CASH AND CASH EQUIVALENTS AT END OF PERIOD
    
    $
    1,662
    
    
    $
    1,422
  4




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##### 



THE LAMSON & SESSIONS CO. AND SUBSIDIARIES
 Notes to Consolidated Financial Statements
(Unaudited)
 Note A  Basis of Presentation
   Note B  Income Taxes
  Note C  Business Segments
  Carlon  Industrial, Residential, Commercial, Telecommunications and Utility Construction:
 Lamson Home Products  Consumer:
 PVC Pipe:
 5




---



##### 



THE LAMSON & SESSIONS CO. AND SUBSIDIARIES
 Note C  Business Segments  continued
 (Dollars in thousands)
 Second Quarter Ended
    
    
    First Half Ended2006
    
    
    2005
    
    
    2006
    
    
    2005Net SalesCarlon
    
    $
    77,295
    
    
    $
    59,004
    
    
    $
    141,351
    
    
    $
    106,207Lamson Home Products
    
    
    26,893
    
    
    
    26,375
    
    
    
    53,872
    
    
    
    50,346PVC Pipe
    
    
    58,125
    
    
    
    38,631
    
    
    
    102,491
    
    
    
    66,249$
    162,313
    
    
    $
    124,010
    
    
    $
    297,714
    
    
    $
    222,802Operating Income (Loss)Carlon
    
    $
    13,793
    
    
    $
    7,829
    
    
    $
    21,483
    
    
    $
    11,453Lamson Home Products
    
    
    4,100
    
    
    
    4,570
    
    
    
    6,668
    
    
    
    8,113PVC Pipe
    
    
    9,564
    
    
    
    349
    
    
    
    18,516
    
    
    
    362Corporate Office
    
    
    (3,907
    )
    
    
    (2,049
    )
    
    
    (7,172
    )
    
    
    (3,614
    )$
    23,550
    
    
    $
    10,699
    
    
    $
    39,495
    
    
    $
    16,314Depreciation and AmortizationCarlon
    
    $
    852
    
    
    $
    1,229
    
    
    $
    1,699
    
    
    $
    2,498Lamson Home Products
    
    
    430
    
    
    
    454
    
    
    
    858
    
    
    
    916PVC Pipe
    
    
    964
    
    
    
    935
    
    
    
    1,934
    
    
    
    1,877$
    2,246
    
    
    $
    2,618
    
    
    $
    4,491
    
    
    $
    5,291
  (Dollars in thousands)
 July 1,
    
    
    December 31,
    
    
    July 2,2006
    
    
    2005
    
    
    2005Identifiable AssetsCarlon
    
    $
    100,094
    
    
    $
    86,858
    
    
    $
    86,499Lamson Home Products
    
    
    47,774
    
    
    
    38,286
    
    
    
    36,405PVC Pipe
    
    
    67,893
    
    
    
    57,985
    
    
    
    54,535Corporate Office (includes deferred tax and
pension assets)
    
    
    55,102
    
    
    
    56,878
    
    
    
    61,739$
    270,863
    
    
    $
    240,007
    
    
    $
    239,178
 6




---



##### 



THE LAMSON & SESSIONS CO. AND SUBSIDIARIES
 Note D  Comprehensive Income
  (Dollars in thousands)
 Second Quarter Ended
    
    
    First Half EndedJuly 1,
    
    
    July 2,
    
    
    July 1,
    
    
    July 2,2006
    
    
    2005
    
    
    2006
    
    
    2005Net income
    
    $
    13,989
    
    
    $
    5,227
    
    
    $
    23,209
    
    
    $
    7,431Foreign currency translation
adjustments
    
    
    40
    
    
    
    (41
    )
    
    
    70
    
    
    
    (52
    )Interest rate swaps, net of tax
    
    
    
    
    
    
    59
    
    
    
    
    
    
    
    148Comprehensive income
    
    $
    14,029
    
    
    $
    5,245
    
    
    $
    23,279
    
    
    $
    7,527
  (Dollars in thousands)
 July 1,
    
    
    December 31,
    
    
    July 2,2006
    
    
    2005
    
    
    2005Foreign currency translation adjustments
    
    $
    (214
    )
    
    $
    (284
    )
    
    $
    (423
    )Minimum pension liability adjustments,
net of tax
    
    
    (1,096
    )
    
    
    (1,096
    )
    
    
    (4,323
    )Interest rate swaps, net of tax
    
    
    
    
    
    
    
    
    
    
    (21
    )Accumulated other comprehensive income (loss)
    
    $
    (1,310
    )
    
    $
    (1,380
    )
    
    $
    (4,767
    )
 7




---



##### 



THE LAMSON & SESSIONS CO. AND SUBSIDIARIES
 Note E  Earnings Per Share Calculation
  (Dollars and shares in thousands, except per share amounts)
 Second Quarter Ended
    
    
    First Half Ended2006
    
    
    2005
    
    
    2006
    
    
    2005Basic Earnings-Per-Share ComputationNet Income
    
    $
    13,989
    
    
    $
    5,227
    
    
    $
    23,209
    
    
    $
    7,431Average Common Shares Outstanding
    
    
    15,519
    
    
    
    14,146
    
    
    
    15,419
    
    
    
    14,073Basic Earnings Per Share
    
    $
    0.90
    
    
    $
    0.37
    
    
    $
    1.51
    
    
    $
    0.53Diluted Earnings-Per-Share ComputationNet Income
    
    $
    13,989
    
    
    $
    5,227
    
    
    $
    23,209
    
    
    $
    7,431Basic Shares Outstanding
    
    
    15,519
    
    
    
    14,146
    
    
    
    15,419
    
    
    
    14,073Stock Based Awards Calculated Under
the Treasury Stock Method
    
    
    587
    
    
    
    611
    
    
    
    635
    
    
    
    584Total Shares
    
    
    16,106
    
    
    
    14,757
    
    
    
    16,054
    
    
    
    14,657Diluted Earnings Per Share
    
    $
    0.87
    
    
    $
    0.35
    
    
    $
    1.45
    
    
    $
    0.51
 Note F  Stock Compensation Plans
   8




---



##### 



(Dollars in thousands, except per share data)
 Second Quarter Ended
    
    
    First Half Ended2005
    
    
    2005Net income
    
    As reported
    
    $
    5,227
    
    
    $
    7,431Total stock-based employee
compensation, net of tax
    
    
    
    
    
    
    (145
    )
    
    
    (261
    )Net income
    
    Pro forma
    
    $
    5,082
    
    
    $
    7,170Basic earnings per share
    
    As reported
    
    $
    0.37
    
    
    $
    0.53Pro forma
    
    
    0.36
    
    
    
    0.51Diluted earnings per share
    
    As reported
    
    $
    0.35
    
    
    $
    0.51Pro forma
    
    
    0.34
    
    
    
    0.49
  2006
    
    2005Expected volatility
    
    
    60.0
    %
    
    
    55.5
    %Risk-free interest rates
    
    
    4.71
    %
    
    
    3.84
    %Average expected life
    
    6 years
    
    5 years
  9




---



##### 



THE LAMSON & SESSIONS CO. AND SUBSIDIARIES
 Note F  Stock Compensation Plans-continued
  (Options/SARS and intrinsic value in thousands)
 WeightedWeighted
    
    
    Average
    
    
    AggregateNumber of
    
    
    Average
    
    
    Remaining
    
    
    IntrinsicOptions/SARS
    
    
    Exercise Price
    
    
    Contractual Term
    
    
    ValueOutstanding at December 31, 2005
    
    
    1,786
    
    
    $
    6.67Granted
    
    
    85
    
    
    
    27.81Exercised
    
    
    (489
    )
    
    
    4.86Forfeited
    
    
    
    
    
    
    Outstanding at July 1, 2006
    
    
    1,382
    
    
    $
    8.43
    
    
    
    6.38
    
    
    $
    27,535Exercisable at July 1, 2006
    
    
    1,027
    
    
    $
    6.77
    
    
    
    5.55
    
    
    $
    22,162
     Weighted-AverageNumber of
    
    Number of
    
    
    
    
    
    Grant-DateRestricted Shares
    
    PARS
    
    Total
    
    Fair ValueNonvested at December
31, 2005
    
    
    21,793
    
    
    
    
    
    
    
    21,793
    
    
    $
    7.66Granted
    
    
    14,263
    
    
    
    23,300
    
    
    
    37,563
    
    
    $
    27.64Vested
    
    
    (7,912
    )
    
    
    
    
    
    
    (7,912
    )
    
    $
    3.44Nonvested at July 1, 2006
    
    
    28,144
    
    
    
    23,300
    
    
    
    51,444
    
    
    $
    22.90


10




---



##### 



THE LAMSON & SESSIONS CO. AND SUBSIDIARIES
 Note G  Commitment
  Note H  Pension and Other Post-Retirement Benefit Plans
   (Dollars in thousands)
 Second Quarter Ended
    
    
    First Half EndedPension Benefits
    
    
    Other Benefits
    
    
    Pension Benefits
    
    
    Other Benefits2006
    
    
    2005
    
    
    2006
    
    
    2005
    
    
    2006
    
    
    2005
    
    
    2006
    
    
    2005Service cost
    
    $
    349
    
    
    $
    374
    
    
    $
    
    
    
    $
    (1
    )
    
    $
    698
    
    
    $
    748
    
    
    $
    
    
    
    $
    1Interest cost
    
    
    1,306
    
    
    
    1,212
    
    
    
    183
    
    
    
    37
    
    
    
    2,612
    
    
    
    2,424
    
    
    
    366
    
    
    
    347Expected return on assets
    
    
    (1,774
    )
    
    
    (1,563
    )
    
    
    
    
    
    
    
    
    
    
    (3,548
    )
    
    
    (3,126
    )
    
    
    
    
    
    
    Net amortization and
deferral
    
    
    325
    
    
    
    478
    
    
    
    (74
    )
    
    
    (132
    )
    
    
    649
    
    
    
    957
    
    
    
    (148
    )
    
    
    (232
    )Defined contribution plans
    
    
    302
    
    
    
    268
    
    
    
    
    
    
    
    
    
    
    
    590
    
    
    
    499
    
    
    
    
    
    
    
    $
    508
    
    
    $
    769
    
    
    $
    109
    
    
    $
    (96
    )
    
    $
    1,001
    
    
    $
    1,502
    
    
    $
    218
    
    
    $
    116
 11




---



##### 



Item 2  Managements Discussion and Analysis of Financial Condition and Results of
Operations
  Executive Overview
       12




---



##### 



2006 Compared with 2005
 Results of Continuing Operations
  (Dollars in thousands)
 Second Quarter Ended
    
    
    First Half Ended2006
    
    
    2005
    
    
    2006
    
    
    2005Net Sales
    
    $
    162,313
    
    
    
    100.0
    %
    
    $
    124,010
    
    
    
    100.0
    %
    
    $
    297,714
    
    
    
    100.0
    %
    
    $
    222,802
    
    
    
    100.0
    %Cost of products sold
    
    
    122,241
    
    
    
    75.3
    %
    
    
    100,995
    
    
    
    81.4
    %
    
    
    226,659
    
    
    
    76.1
    %
    
    
    182,810
    
    
    
    82.1
    %Gross profit
    
    
    40,072
    
    
    
    24.7
    %
    
    
    23,015
    
    
    
    18.6
    %
    
    
    71,055
    
    
    
    23.9
    %
    
    
    39,992
    
    
    
    17.9
    %Total operating expenses
    
    
    16,522
    
    
    
    10.2
    %
    
    
    12,316
    
    
    
    10.0
    %
    
    
    31,560
    
    
    
    10.6
    %
    
    
    23,678
    
    
    
    10.6
    %Operating income
    
    
    23,550
    
    
    
    14.5
    %
    
    
    10,699
    
    
    
    8.6
    %
    
    
    39,495
    
    
    
    13.3
    %
    
    
    16,314
    
    
    
    7.3
    %Interest expense, net
    
    
    1,131
    
    
    
    0.7
    %
    
    
    2,211
    
    
    
    1.8
    %
    
    
    2,248
    
    
    
    0.8
    %
    
    
    4,213
    
    
    
    1.9
    %Income before income taxes
    
    
    22,419
    
    
    
    13.8
    %
    
    
    8,488
    
    
    
    6.8
    %
    
    
    37,247
    
    
    
    12.5
    %
    
    
    12,101
    
    
    
    5.4
    %Income tax provision
    
    
    8,430
    
    
    
    5.2
    %
    
    
    3,261
    
    
    
    2.6
    %
    
    
    14,038
    
    
    
    4.7
    %
    
    
    4,670
    
    
    
    2.1
    %Net Income
    
    $
    13,989
    
    
    
    8.6
    %
    
    $
    5,227
    
    
    
    4.2
    %
    
    $
    23,209
    
    
    
    7.8
    %
    
    $
    7,431
    
    
    
    3.3
    %
    13




---



##### 



Business Segments
 Carlon
    14




---



##### 



Lamson Home Products
    PVC Pipe
    15




---



##### 



Liquidity and Capital Resources
        Critical Accounting Estimates
  16




---



##### 



Outlook for 2006
        17




---



##### 



Item 3  Quantitative and Qualitative Disclosures about Market Risk
  Item 4  Controls and Procedures
  PART II
 Item 1  Legal Proceedings
  Item 1A  Risk Factors
  18




---



##### 



Item 4  Submission of Matters To A Vote of Security Holders
   Class II
    
    For
    
    Withheld AuthorityJohn C. Dannemiller
    
    
    13,063,312
    
    
    
    802,051George R. Hill
    
    
    13,015,513
    
    
    
    849,850William H. Coquillette
    
    
    13,012,253
    
    
    
    853,110
 Class I
    
    For
    
    Withheld AuthorityMichael J. Merriman, Jr.
    
    
    13,085,548
    
    
    
    779,815
  Item 6  Exhibits
     31.1
    
    Certification of John B. Schulze, Chief Executive Officer, pursuant to Section 302
of the Sarbanes-Oxley Act of 2002.31.2
    
    Certification of James J. Abel, Chief Financial Officer, pursuant to Section 302
of the Sarbanes-Oxley Act of 2002.32.1
    
    Certification of John B. Schulze, Chief Executive Officer, pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002.32.2
    
    Certification of James J. Abel, Chief Financial Officer, pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002.
 19




---



##### 



SIGNATURES
  THE LAMSON & SESSIONS CO.
     (Registrant)July 27, 2006
    By:
    /s/ James J. AbelJames J. AbelExecutive Vice President, Secretary,
Treasurer and Chief Financial Officer 20