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                   SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C.    20549
                                FORM 10-Q

[X]       QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE
                    SECURITIES EXCHANGE ACT OF 1934

              For the quarter ended March 31, 1998

[ ]       TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE
                    SECURITIES EXCHANGE ACT OF 1934 

                Commission file     Number 0-8287
                          LINDBERG CORPORATION


        DELAWARE                             36-1391480
 ----------------------            -------------------------------
 State of Incorporation            IRS Employer Identification No.


                    6133 North River Road, Suite 700
                        Rosemont, Illinois 60018
                             (847) 823-2021


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 (or for such shorter period that
the Registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.


                       Yes    X            No     
                            -----              -----

The number of shares of the Registrant's Common Stock outstanding as of
May 11, 1998 was: 4,858,581.

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                  LINDBERG CORPORATION AND SUBSIDIARIES

                            TABLE OF CONTENTS
<TABLE>

      Part I  Financial Information:                            Page No.
                                                                --------
<S>                                                                <C>
Item 1.  Consolidated Statements of Earnings - Three Months
         Ended March 31, 1998 and 1997 ....................         3

         Consolidated Balance Sheets - As of March 31, 1998
         and December 31, 1997 ............................         4

         Consolidated Statements of Cash Flows - Three Months
         Ended March 31, 1998 and 1997 ....................         5

         Notes to the Consolidated Financial Statements ...         6

Item 2.  Management's Discussion and Analysis of Financial
         Condition and Results of Operations ..............         9


      Part II  Other Information:


Item 6.  Exhibits and Reports on Form 8-K .................         12

         Signatures .......................................         13

         Exhibit Index ....................................         14

</TABLE>

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                                  -3-

<TABLE>
                 LINDBERG CORPORATION AND SUBSIDIARIES
                       PART I FINANCIAL INFORMATION 
                  CONSOLIDATED STATEMENTS OF EARNINGS
                               (UNAUDITED)

                                            Three Months Ended
                                                  March 31,
                                         ---------------------------
                                            1998            1997
                                         -----------     -----------
<S>                                      <C>             <C>
Net Sales                                $30,872,196     $20,645,811

Cost of Sales                            (21,272,434)    (15,173,396)
                                         -----------     -----------
 Gross Profit                              9,599,762       5,472,415

Selling and Administrative Expense        (4,723,832)     (3,154,306)

Equity in Earnings of Partnership                 --         255,931
                                         -----------     -----------
 Operating Earnings                        4,875,930       2,574,040

Interest Expense - Net                      (775,526)       (370,609)
                                         -----------     -----------
 Earnings from Continuing Operations
 Before Income Taxes                       4,100,404       2,203,431

Provision for Income Taxes                (1,660,487)       (892,441)
                                         -----------     -----------
 Earnings from Continuing Operations       2,439,917       1,310,990

Loss from Discontinued Operations,
 Net of Income Taxes                              --        (206,108)
                                         -----------     -----------
Net Earnings                             $ 2,439,917     $ 1,104,882 
                                         ===========     ===========


Basic Earnings Per Share:
 Earnings from Continuing Operations     $       .50     $       .27
 Loss from Discontinued Operations                --            (.04)
                                         -----------     -----------
 Net Earnings                            $       .50     $       .23
                                         ===========     ===========

Weighted Average Shares Outstanding        4,835,884       4,788,858 
                                         ===========     ===========
Diluted Earnings Per Share:
 Earnings from Continuing Operations     $       .48     $       .27
 Loss from Discontinued Operations                --            (.04)
                                         -----------     -----------
 Net Earnings                            $       .48     $       .23 
                                         ===========     ===========

Weighted Average Shares Outstanding
 and Equivalents                           5,041,993       4,868,685 
                                         ===========     ===========

Cash Dividends Declared and Paid         $       .08     $       .08 
                                         ===========     ===========
</TABLE>

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<TABLE>
                 LINDBERG CORPORATION AND SUBSIDIARIES
                      CONSOLIDATED BALANCE SHEETS

                                                March 31,    December 31,
                                                  1998           1997    
                                              (Unaudited)
                                             ------------     -----------
<S>                                          <C>              <C>
CURRENT ASSETS:
 Cash                                        $    546,325     $   283,270
 Receivables - Net                             18,894,122      14,875,005
 Prepaid and Refundable Income Taxes               14,011       1,380,768
 Prepaid Expenses                                 946,153         632,846
 Net Assets of Discontinued Operations         17,354,934      17,475,866
 Other Current Assets                             603,264       1,616,774
                                             ------------     -----------
   Total Current Assets                        38,358,809      36,264,529

PROPERTY AND EQUIPMENT:
 Cost                                          95,849,749      91,602,405
 Less-Accumulated Depreciation                (53,801,229)    (52,505,822)
                                             ------------     -----------
Net Property and Equipment                     42,048,520      39,096,583

 Goodwill                                      19,700,059      11,537,742
 Other Non-Current Assets                       2,657,089       2,664,577
                                             ------------     -----------
TOTAL ASSETS                                 $102,764,477     $89,563,431
                                             ============     ===========

CURRENT LIABILITIES:
 Current Maturities on Long-Term Debt        $     83,328          83,328
 Notes Payable                                  8,380,000      10,220,000
 Accounts Payable                               4,659,643       3,540,279
 Accrued Expenses                               6,850,941       6,273,794
                                             ------------     -----------
Total Current Liabilities                      19,973,912      20,117,401

NON-CURRENT LIABILITIES:
 Deferred Income Taxes                          6,209,001       6,149,001
 Long-Term Debt (Less Current Maturities)      36,062,512      25,862,512
 Accrued Pension                                3,304,257       3,342,458
 Other Non-Current Liabilities                  2,960,973       2,000,641
                                             ------------     -----------
Total Non-Current Liabilities                  48,536,743      37,354,612

STOCKHOLDERS' EQUITY:
 Common Shares, $2.50 par value:               14,183,493      14,183,493
 Authorized 12,000,000 shares in 1998 and
  1997. Issued 5,673,397 shares in 1998
  and 1997
 Additional Paid-In Capital                     1,528,620       1,526,192
 Retained Earnings                             23,430,887      21,377,489
 Treasury Shares (826,216 in 1998
  and 845,016 in 1997), at Cost                (4,734,643)     (4,841,221)
 Underfunded Pension Liability Adjustment        (154,535)       (154,535)
                                             ------------     -----------
Total Stockholders' Equity                     34,253,822      32,091,418
                                             ------------     -----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY   $102,764,477     $89,563,431
                                             ============     ===========
</TABLE>

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<TABLE>
                 LINDBERG CORPORATION AND SUBSIDIARIES
                 CONSOLIDATED STATEMENTS OF CASH FLOWS
                              (UNAUDITED)

                                                        Three Months Ended  
INCREASE (DECREASE) IN CASH                                  March 31, 
                                                  --------------------------- 
                                                        1998           1997
                                                  ------------    -----------
<S>                                               <C>             <C>
Cash Flows from Operating Activities:
Net Earnings                                      $  2,439,917    $ 1,104,882
Adjustments to Reconcile Net Earnings
 to Net Cash Provided by Operating Activities:
Depreciation                                         1,309,901        948,201
Goodwill Amortization                                  160,686          2,500
Increase in Deferred Taxes                              60,000         60,000
Change in Assets and Liabilities                     1,248,609       (663,413)
                                                  ------------    -----------
 Total Adjustments to Reconcile Net
   Earnings to Net Cash Provided by
   Operating Activities                              2,779,196        347,288
                                                  ------------    -----------
 Net Cash Provided by Operating Activities           5,219,113      1,452,170

Cash Flows from Investing Activities:
Capital Expenditures                                (2,315,837)    (1,154,370)
Investment in Acquisitions, Net
  of Cash Received                                 (10,613,703)            --
                                                  ------------    -----------
 Net Cash Used in Investing Activities             (12,929,540)    (1,154,370)

Cash Flows from Financing Activities:
Net Borrowings Under Revolving Credit Agreement     10,200,000        300,000
Notes Payable for Purchase of Ticorm                (1,900,000)            --
Notes Payable for Purchase of Alumatherm                60,000             --
Dividends Paid                                        (386,518)      (382,491)
                                                  ------------    -----------
 Net Cash Provided by (Used in)
   Financing Activities                              7,973,482        (82,491)

Net Increase in Cash                                   263,055        215,309
Cash at Beginning of Period                            283,270         36,228
                                                  ------------    -----------
Cash at End of Period                             $    546,325    $   251,537
                                                  ============    ===========

Supplemental Disclosures of Cash Flow Information:
 Interest Paid                                    $    562,537    $   209,082
 Income Taxes Paid - Net of Refunds                    232,984         99,938

</TABLE>

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                 LINDBERG CORPORATION AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS:

NOTE 1    The condensed consolidated financial statements included
          herein have been prepared by the Company, without audit,
          pursuant to the rules and regulations of the Securities and
          Exchange Commission.  Certain information and footnote
          disclosures normally included in financial statements prepared
          in accordance with generally accepted accounting principles
          have been condensed or omitted pursuant to such rules and
          regulations, although the Company believes that the
          disclosures are adequate to make the information presented not
          misleading.  It is suggested that these condensed financial
          statements be read in conjunction with the financial
          statements and the notes thereto included in the Company's
          latest annual report on Form 10-K.

          Statements for the three month periods ended March 31, 1998
          and March 31, 1997 reflect, in the opinion of the Company, all
          adjustments (consisting only of normal recurring accruals)
          necessary to present fairly the results of these periods.
          Results for interim periods are not necessarily indicative of
          results for a full year.

NOTE 2    Effective January 1, 1998, the Company adopted SFAS 130,
          "Reporting Comprehensive Income."  For the first quarters of
          1998 and 1997, there was no difference between net earnings as
          reported and comprehensive income as per SFAS 130.

NOTE 3    On January 16, 1998, the Company acquired all of the
          outstanding shares of both Industrial Steel Treating Company
          ("Industrial") and Fabriform Metal Brazing, Inc.
          ("Fabriform"), related heat treating companies in the Los
          Angeles area, for $11.6 million.  The acquisitions were funded
          with borrowings under the revolving credit agreement.

          The preliminary allocation of the purchase price of Industrial
          and Fabriform included in the Company's financial statements
          for the quarter is as follows:  (in thousands)

<TABLE>
          <S>                                  <C>
          Property and Equipment               $  1,952
          Accounts Receivable                     2,018
          Cash                                    1,032
          Other Assets                              199
          Goodwill                                8,323
          Accounts Payable                         (166)
          Other Liabilities                      (1,713)
                                               --------
                                               $ 11,645
</TABLE>

          The cost of the acquisitions has been allocated to the assets
          and liabilities based on their estimated fair market value. 
          Goodwill is amortized using the straight line method over 30 years.

          The purchase agreement with Industrial and Fabriform was
          effective as of January 1, 1998.  Therefore, the results of
          Industrial and Fabriform are included for the entire first
          quarter of 1998.

<PAGE>  7
                                  -7-

          The following table presents pro forma information for the
          first quarter of 1997 of the combined entities of Lindberg
          Corporation, Industrial and Fabriform, and Alumatherm Heat
          Treating Company, the later which the Company purchased the
          remaining 50% interest from its partner on October 1, 1997.

          The pro forma information assumes the acquisitions had taken
          place at the beginning of the period presented (in thousands,
          except per share data).

<TABLE>
                                                  First
                                                Quarter
          Unaudited                                1997
          ---------------------------------------------
          <S>                                  <C>
          Net Sales                            $ 26,186

          Earnings from Continuing Operations     1,687

          Net Earnings                            1,481


          Per Diluted Share:

          Earnings from Continuing Operations        .34

          Net Earnings                               .30
</TABLE>

          Adjustments to the statement of earnings include additional
          depreciation and interest charges, goodwill amortization,
          adjustments of certain other expenses and income tax effects.
          The pro forma information is provided for illustrative
          purposes only and is not necessarily reflective of the future
          results of the Company or results of operations that would
          have actually occurred had the transaction been in effect for
          the period presented.

NOTE 4    On February 10, 1998, the Company's revolving credit agreement
          ("Agreement") with its banks was amended to increase the
          facility by $10 million to $45 million and to adjust certain
          loan covenants.  Additionally, the amendment extended the
          maturity date of the Agreement to April 2000.

NOTE 5    No material changes have occurred with respect to the
          Company's contingent liabilities outlined in the Company's
          1997 Form 10-K through the date of this report.  However, the
          Company did assume a liability for environmental remediation
          which was estimated to be $1.2 million as of March 31, 1998 in
          its acquisition of Industrial and Fabriform.

NOTE 6    Subsequent to the end of the first quarter, on April 16, 1998,
          the Company acquired all of the outstanding common stock of
          Houston Heat Treating Company ("HHT") for $11.5 million in
          cash.  The acquisition was funded with additional borrowings
          under the Company's revolving credit agreement, net of
          $800,000 received on the closing date from HHT.  HHT is a heat
          treating facility located in Houston, Texas, specializing in
          processing for the oil field equipment market.

NOTE 7    On April 22, 1998, the Company sold its Impact Industries
          ("Impact") subsidiary, one of the three divisions included in its

<PAGE>  8

                                  -8-

          discontinued Precision Products segment, for cash and a note.
          The Company is continuing to pursue the sale of the remaining
          two Precision Products divisions and expects to complete
          divestiture of the segment by year-end 1998, as originally
          scheduled.

<PAGE>  9
                                   -9-

ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS

     OF FINANCIAL CONDITION:

     At March 31, 1998, the Company's total debt was $44.5
     million, an increase of $8.4 million from $36.2 million
     outstanding as of December 31, 1997.  The Company's total
     debt to capitalization ratio was 57% at the close of the
     first quarter in 1998 versus 53% at the end of the prior
     quarter.

     The level of debt increased in the quarter primarily as a
     result of the acquisition of all of the common stock of
     Industrial Steel Treating Company and Fabriform Metal
     Brazing,Inc. ("Industrial") on January 16, 1998 for a
     purchase price, net of cash received, of $10.6 million.  This
     transaction was funded with additional borrowings under the
     Company's revolving credit agreement. The cash effect of the
     purchase of Industrial was offset to a degree by cash
     generated through operations during the quarter, which was
     used to repay debt.

     Effective February 10,1998, the Company's revolving credit
     agreement with two banks was amended to increase the total
     borrowing facility from $35 million to $45 million and to
     adjust certain loan covenants.  At March 31, 1998, the
     Company had $17 million of available capacity under its
     amended revolving credit agreement.

     Capital expenditures for the first three months of 1998 were
     $2.3 million, an increase from the $1.2 million recorded in
     the same period of 1997.  The spending in 1998 related
     primarily to the acquisition of additional furnaces and
     equipment for expansion at certain heat treating divisions
     and for equipment under the Company's Strategic Partnership
     2000 program.

     On January 31, 1998, the Board of Directors declared a cash
     dividend of $.08 on each share of the Company's common stock,
     payable on March 1, 1998.  The total cash dividends paid on
     the latter date were $387,000.  This compared to a dividend
     payout of $.08 per share of common stock, or $382,000, in the
     same quarter of 1997.

     The Company believes that its borrowing capacity and funds
     generated through operations will be sufficient to meet
     currently foreseen capital investment and working capital
     needs in support of existing businesses for the balance of
     1998 and in the longer term.

     OF RESULTS OF OPERATIONS:

     Quarter ended March 31, 1998 and 1997

     Sales for the quarter ended March 31, 1998 were $30.9
     million, up $10.2 million, or 50%, from $20.6 million for the
     same three month period in 1997.  These results are for the
     Company's continuing heat treating operations, and do not
     reflect revenues from the Precision Products business segment
     which has been reported as discontinued operations as of the fourth
     quarter of 1997.

<PAGE> 10
                                  -10-

     About 81% of the year-to-year increase in sales resulted from
     the Company's acquisition of Ticorm (July 1997), the
     remaining 50% of the Alumatherm Heat Treating Company
     partnership (October 1997) and Industrial.  Excluding the
     effect of those recent acquisitions, the Company's remaining
     operations reported increased revenues of 9% overall. 
     Facilities serving aerospace markets experienced strong order
     rates in the first quarter of 1998, making a significant
     contribution to the total sales increase.

     The Company's gross profit percentage in the first quarter of
     1998 was 31.1% in comparison to 26.5% in the same period of
     1997. The improved percentage resulted as sales growth
     exceeded the increase in expenses due to the fixed nature of
     certain of the Company's operating costs, and also the effect
     of the recent acquisitions.

     Selling and administrative expenses increased to $4.7 million
     for the first three months of 1998 in comparison to $3.2
     million in the first quarter of 1997.  The increase resulted
     largely from expenses associated with acquired companies. 
     Selling and administrative expenses as a percentage of sales
     were 15.3% for the 1998 period, the same as for the first
     three months of 1997.

     Interest expense more than doubled to $776,000 in 1998 from
     $371,000 in the first quarter of 1997.  This resulted from
     the increased level of borrowing for the Company's recent
     acquisitions.  Borrowing rates were largely unchanged.

     Reflecting the above, net earnings from continuing operations
     in the first quarter of 1998 of $2.4 million, or $.48 per
     diluted share, increased from $1.3 million, or $.27 per
     diluted share, for the same three month period of 1997.

     As required by Accounting Principles Board Opinion No. 30,
     results of discontinued operations for the first quarter of
     1998 were included in the reserve for loss on discontinued
     operations provided for previously.  Discontinued operations
     reported a net loss of $206,000, or $.04 per diluted share,
     in the first quarter of 1997.  Therefore, the Company
     reported net earnings of $1.1 million, or $.23 per share, for
     that period. 

     SUBSEQUENT EVENTS:

     On April 16, 1998, the Company acquired 100% of the common
     stock of Houston Heat Treating Company.  The purchase price
     for the acquisition, net of cash received, was $10.7 million.
     The purchase price was funded with additional borrowings
     under the Company's revolving credit agreement.

     On April 22, 1998, the Company sold the operating assets of
     Impact Industries, Inc., one of three divisions in its
     Precision Products business segment. The Company received
     $4.6 million and a note receivable of $2 million from the
     buyer on the closing date of the transaction.  The Company
     retained and is collecting approximately $4 million in trade
     accounts receivable and is leasing land and a building to the
     buyer which assumed the liability for trade accounts payable
     and certain accrued

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                                  -11-

     expenses.  Cash received from the sale was used to pay down
     debt under the Company's revolving credit agreement.

     "Safe Harbor" Statement:  Statements contained herein that
     are not based on historical facts are forward-looking
     statements subject to uncertainties and risks including, but
     not limited to, product and service demand and acceptance;
     economic conditions; the impact of competition and pricing;
     capacity and supply constraints or difficulties; results of
     financing and acquisition efforts; regulatory and other legal
     issues; and other risks detailed in the Company's other
     Securities Exchange Commission filings.

<PAGE>  12
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PART II. OTHER INFORMATION


ITEM 6.  Exhibits and Reports on Form 8-K

       (a)  Exhibits Required by Item 601 of Regulation S-K - Exhibits
            required by Item 601 of Regulation S-K are listed in the
            Exhibit Index which is attached hereto at page 14 and which
            is incorporated herein by reference.

       (b)  Reports on Form 8-K - The following Form 8-K was filed
            during the quarter ended March 31, 1998:

The acquisition, on January 16, 1998, of Industrial Steel Treating
Company and Fabriform Metal Brazing, Inc. was reported under Item 2 of
Form 8-K.  Both of the acquired companies, located in the Los Angeles
area, are engaged in the heat treating business and specialize in the
aerospace market.

In accordance with Form 8-K requirements, no financial statements were
filed with this Form 8-K.

<PAGE>  13
                                  -13-

                               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.


                                             LINDBERG CORPORATION



Principal Financial and Accounting           By  __________________________  
Officer:                                         Stephen S. Penley
                                                 Senior Vice President
                                                 and Chief Financial Officer



Dated: May 13, 1998

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                                  -14-

                          LINDBERG CORPORATION
                     Quarterly Report on Form 10-Q
                  for the Quarter Ended March 31, 1998   

                             Exhibit Index
<TABLE>

Number and Description of Exhibit                      
---------------------------------
  <S>                                                         <C>
  3.  Articles of Incorporation and By-Laws

      3.1 Certificate of Incorporation (composite)            Attached

      3.2 1998 Amendment to Certificate of
          Incorporation                                       Attached

  11. Statement re computation of per share earnings          Attached  

  27. Financial Data Schedule                                 Attached

</TABLE>