##### 



UNITED STATES SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549
 F O R M 10-Q
 þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended September 30, 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 001-00313
 T H E L A M S O N & S E S S I O N S C O.
  Ohio
    
    34-0349210(State or other jurisdiction of
    
    (IRS Employer Identification No.)incorporation or organization)25701 Science Park DriveCleveland, Ohio
    
    44122-7313(Address of principal executive offices)
    
    (Zip Code)
 (Registrants telephone number, including area code)
 (Former name, former address and former fiscal year, if changed since last report.)
 þ o
   o þ o
 o þ
 APPLICABLE ONLY TO CORPORATE ISSUERS:




---



##### 



PART I
 Item 1  Financial Statements
 CONSOLIDATED INCOME STATEMENTS (Unaudited)
The Lamson & Sessions Co. and Subsidiaries
 Third Quarter Ended
    
    
    Nine Months Ended(Dollars in thousands, except per share data)
    
    2006
    
    
    2005
    
    
    2006
    
    
    2005NET SALES
    
    $
    148,239
    
    
    
    100.0
    %
    
    $
    128,052
    
    
    
    100.0
    %
    
    $
    445,953
    
    
    
    100.0
    %
    
    $
    350,854
    
    
    
    100.0
    %Cost of products sold
    
    
    115,453
    
    
    
    77.9
    %
    
    
    105,144
    
    
    
    82.1
    %
    
    
    342,112
    
    
    
    76.7
    %
    
    
    287,954
    
    
    
    82.1
    %GROSS PROFIT
    
    
    32,786
    
    
    
    22.1
    %
    
    
    22,908
    
    
    
    17.9
    %
    
    
    103,841
    
    
    
    23.3
    %
    
    
    62,900
    
    
    
    17.9
    %Selling and marketing expenses
    
    
    8,061
    
    
    
    5.4
    %
    
    
    7,825
    
    
    
    6.1
    %
    
    
    26,374
    
    
    
    5.9
    %
    
    
    22,428
    
    
    
    6.4
    %General and administrative expenses
    
    
    4,000
    
    
    
    2.7
    %
    
    
    4,269
    
    
    
    3.3
    %
    
    
    16,100
    
    
    
    3.6
    %
    
    
    12,406
    
    
    
    3.5
    %Research and development expenses
    
    
    435
    
    
    
    0.3
    %
    
    
    467
    
    
    
    0.4
    %
    
    
    1,582
    
    
    
    0.4
    %
    
    
    1,405
    
    
    
    0.4
    %Total operating expenses
    
    
    12,496
    
    
    
    8.4
    %
    
    
    12,561
    
    
    
    9.8
    %
    
    
    44,056
    
    
    
    9.9
    %
    
    
    36,239
    
    
    
    10.3
    %OPERATING INCOME
    
    
    20,290
    
    
    
    13.7
    %
    
    
    10,347
    
    
    
    8.1
    %
    
    
    59,785
    
    
    
    13.4
    %
    
    
    26,661
    
    
    
    7.6
    %Interest expense, net
    
    
    1,087
    
    
    
    0.7
    %
    
    
    1,419
    
    
    
    1.1
    %
    
    
    3,335
    
    
    
    0.7
    %
    
    
    5,632
    
    
    
    1.6
    %INCOME
BEFORE INCOME TAXES
    
    
    19,203
    
    
    
    13.0
    %
    
    
    8,928
    
    
    
    7.0
    %
    
    
    56,450
    
    
    
    12.7
    %
    
    
    21,029
    
    
    
    6.0
    %Income tax provision
    
    
    7,264
    
    
    
    4.9
    %
    
    
    3,575
    
    
    
    2.8
    %
    
    
    21,302
    
    
    
    4.8
    %
    
    
    8,245
    
    
    
    2.4
    %NET INCOME
    
    $
    11,939
    
    
    
    8.1
    %
    
    $
    5,353
    
    
    
    4.2
    %
    
    $
    35,148
    
    
    
    7.9
    %
    
    $
    12,784
    
    
    
    3.6
    %Net earning per shareBasic
    
    $
    0.76
    
    
    
    
    
    
    $
    0.37
    
    
    
    
    
    
    $
    2.27
    
    
    
    
    
    
    $
    0.90Diluted
    
    $
    0.74
    
    
    
    
    
    
    $
    0.35
    
    
    
    
    
    
    $
    2.18
    
    
    
    
    
    
    $
    0.86
  2




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##### 



CONSOLIDATED BALANCE SHEETS (Unaudited)  The Lamson & Sessions Co. and Subsidiaries
 Third Quarter
    
    
    
    
    
    
    Third QuarterEnded
    
    
    Year Ended
    
    
    Ended(Dollars in thousands, except per share data)
    
    2006
    
    
    2005
    
    
    2005ASSETSCURRENT ASSETSCash and cash equivalents
    
    $
    3,290
    
    
    $
    1,210
    
    
    $
    1,723Accounts receivable, net of allowances of
$2,380, $1,827 and $2,186, respectively
    
    
    80,945
    
    
    
    68,507
    
    
    
    69,812Inventories, netRaw materials
    
    
    5,160
    
    
    
    5,721
    
    
    
    5,879Work-in-process
    
    
    5,518
    
    
    
    6,221
    
    
    
    4,899Finished goods
    
    
    45,162
    
    
    
    32,045
    
    
    
    29,14055,840
    
    
    
    43,987
    
    
    
    39,918Deferred tax assets
    
    
    5,719
    
    
    
    11,806
    
    
    
    8,171Prepaid expenses and other
    
    
    5,179
    
    
    
    3,687
    
    
    
    4,629TOTAL CURRENT ASSETS
    
    
    150,973
    
    
    
    129,197
    
    
    
    124,253PROPERTY, PLANT AND EQUIPMENTLand
    
    
    3,320
    
    
    
    3,320
    
    
    
    3,320Buildings
    
    
    25,162
    
    
    
    25,533
    
    
    
    25,279Machinery and equipment
    
    
    116,462
    
    
    
    128,280
    
    
    
    125,125144,944
    
    
    
    157,133
    
    
    
    153,724Less allowances for depreciation and amortization
    
    
    93,336
    
    
    
    108,300
    
    
    
    106,394Total Net Property, Plant and Equipment
    
    
    51,608
    
    
    
    48,833
    
    
    
    47,330GOODWILL
    
    
    21,441
    
    
    
    21,441
    
    
    
    21,480PENSION ASS ETS
    
    
    35,146
    
    
    
    34,369
    
    
    
    31,053DEFERRED TAX ASSETS
    
    
    2,339
    
    
    
    2,274
    
    
    
    10,242OTHER ASSETS
    
    
    3,737
    
    
    
    3,893
    
    
    
    4,443TOTAL ASSETS
    
    $
    265,244
    
    
    $
    240,007
    
    
    $
    238,801LIABILITIES AND SHAREHOLDERS EQUITY
CURRENT LIABILITIESAccounts payable
    
    $
    33,607
    
    
    $
    30,943
    
    
    $
    34,732Accrued compensation and benefits
    
    
    13,680
    
    
    
    15,327
    
    
    
    12,581Customer volume & promotional accrued expenses
    
    
    5,435
    
    
    
    7,719
    
    
    
    6,014Other accrued expenses
    
    
    8,293
    
    
    
    7,787
    
    
    
    9,224Taxes
    
    
    6,100
    
    
    
    4,427
    
    
    
    5,231Current maturities of long-term debt
    
    
    5,775
    
    
    
    5,775
    
    
    
    5,775TOTAL CURRENT LIABILITIES
    
    
    72,890
    
    
    
    71,978
    
    
    
    73,557LONG-TERM DEBT
    
    
    35,218
    
    
    
    55,026
    
    
    
    72,390POST-RETIREMENT BENEFITS AND OTHER
LONG-TERM LIABILITIES
    
    
    20,589
    
    
    
    22,704
    
    
    
    29,226SHAREHOLDERS EQUITYCommon shares
    
    
    1,576
    
    
    
    1,508
    
    
    
    1,449Other capital
    
    
    101,071
    
    
    
    90,056
    
    
    
    81,310Retained earnings (defic it)
    
    
    35,263
    
    
    
    115
    
    
    
    (14,496
    )Accumulated other comprehensive income (loss)
    
    
    (1,363
    )
    
    
    (1,380
    )
    
    
    (4,635
    )Total Shareholders Equity
    
    
    136,547
    
    
    
    90,299
    
    
    
    63,628TOTAL LIABILITIES AND SHAREHOLDERS EQUITY
    
    $
    265,244
    
    
    $
    240,007
    
    
    $
    238,801
  3




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##### 



CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited)  The Lamson & Sessions Co. and Subsidiaries
 Nine Months Ended(Dollars in thousands)
    
    2006
    
    
    2005OPERATING ACTIVITIESNet income
    
    $
    35,148
    
    
    $
    12,784Adjustments to reconcile net income to cash provided by
operating activities:Depreciation
    
    
    6,719
    
    
    
    6,732Amortization
    
    
    142
    
    
    
    1,182Stock based compensation
    
    
    2,145
    
    
    
    Deferred income taxes
    
    
    7,677
    
    
    
    5,016Changes in operating assets and liabilities:Accounts receivable
    
    
    (12,438
    )
    
    
    (21,421
    )Inventories
    
    
    (11,853
    )
    
    
    (3,058
    )Prepaid expenses and other
    
    
    (1,492
    )
    
    
    499Accounts payable
    
    
    2,664
    
    
    
    10,519Accrued expenses and other current liabilities
    
    
    (3,330
    )
    
    
    958Tax benefit from exercise of stock options
    
    
    
    
    
    
    1,598Pension plan contributions
    
    
    (1,804
    )
    
    
    (1,361
    )Other long-term items
    
    
    (1,057
    )
    
    
    (109
    )CASH PROVIDED BY OPERATING ACTIVITIES
    
    
    22,521
    
    
    
    13,339INVESTING ACTIVITIESNet additions to property, plant and equipment
    
    
    (9,494
    )
    
    
    (6,101
    )Acquisitions and related items
    
    
    
    
    
    
    (187
    )CASH USED IN INVESTING ACTIVITIES
    
    
    (9,494
    )
    
    
    (6,288
    )FINANCING ACTIVITIESNet payments under credit facility
    
    
    (15,150
    )
    
    
    (8,750
    )Payments on other long-term borrowings
    
    
    (4,658
    )
    
    
    (836
    )Purchase and retirement of treasury stock
    
    
    (421
    )
    
    
    Exercise of stock options (667,942 and 595,201 shares issued, respectively)
    
    
    3,529
    
    
    
    3,575Tax benefit from exercise of stock options
    
    
    5,753
    
    
    
    CASH USED IN FINANCING ACTIVITIES
    
    
    (10,947
    )
    
    
    (6,011
    )INCREASE IN CASH AND CASH EQUIVALENTS
    
    
    2,080
    
    
    
    1,040Cash and cash equivalents at beginning of year
    
    
    1,210
    
    
    
    683CASH AND CASH EQUIVALENTS AT END OF PERIOD
    
    $
    3,290
    
    
    $
    1,723
  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
 Third Quarter Ended
    
    
    Nine Months Ended(Dollars in thousands)
    
    2006
    
    
    2005
    
    
    2006
    
    
    2005Net SalesCarlon
    
    $
    65,833
    
    
    $
    58,836
    
    
    $
    207,184
    
    
    $
    165,043Lamson Home Products
    
    
    31,658
    
    
    
    28,305
    
    
    
    85,530
    
    
    
    78,651PVC Pipe
    
    
    50,748
    
    
    
    40,911
    
    
    
    153,239
    
    
    
    107,160$
    148,239
    
    
    $
    128,052
    
    
    $
    445,953
    
    
    $
    350,854Operating Income (Loss)Carlon
    
    $
    10,573
    
    
    $
    8,712
    
    
    $
    32,056
    
    
    $
    20,165Lamson Home Products
    
    
    5,155
    
    
    
    4,332
    
    
    
    11,823
    
    
    
    12,445PVC Pipe
    
    
    5,809
    
    
    
    (892
    )
    
    
    24,325
    
    
    
    (530
    )Corporate Office
    
    
    (1,247
    )
    
    
    (1,805
    )
    
    
    (8,419
    )
    
    
    (5,419
    )$
    20,290
    
    
    $
    10,347
    
    
    $
    59,785
    
    
    $
    26,661Depreciation and AmortizationCarlon
    
    $
    856
    
    
    $
    1,206
    
    
    $
    2,555
    
    
    $
    3,704Lamson Home Products
    
    
    454
    
    
    
    474
    
    
    
    1,312
    
    
    
    1,390PVC Pipe
    
    
    1,060
    
    
    
    943
    
    
    
    2,994
    
    
    
    2,820$
    2,370
    
    
    $
    2,623
    
    
    $
    6,861
    
    
    $
    7,914
  September 30,
    
    
    December 31,
    
    
    October 1,(Dollars in thousands)
    
    2006
    
    
    2005
    
    
    2005Identifiable AssetsCarlon
    
    $
    94,119
    
    
    $
    86,858
    
    
    $
    87,290Lamson Home Products
    
    
    50,133
    
    
    
    38,286
    
    
    
    38,966PVC Pipe
    
    
    65,800
    
    
    
    57,985
    
    
    
    52,721Corporate Office (includes deferred tax and
pension assets)
    
    
    55,192
    
    
    
    56,878
    
    
    
    59,824$
    265,244
    
    
    $
    240,007
    
    
    $
    238,801
 6




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##### 



THE LAMSON & SESSIONS CO. AND SUBSIDIARIES
 Note D  Comprehensive Income
  Third Quarter Ended
    
    
    Nine Months EndedSeptember 30,
    
    
    October 1,
    
    
    September 30,
    
    
    October 1,(Dollars in thousands)
    
    2006
    
    
    2005
    
    
    2006
    
    
    2005Net income
    
    $
    11,939
    
    
    $
    5,353
    
    
    $
    35,148
    
    
    $
    12,784Foreign currency translation adjustments
    
    
    (53
    )
    
    
    111
    
    
    
    17
    
    
    
    59Interest rate swaps, net of tax
    
    
    
    
    
    
    21
    
    
    
    
    
    
    
    169Comprehensive income
    
    $
    11,886
    
    
    $
    5,485
    
    
    $
    35,165
    
    
    $
    13,012
  September 30,
    
    
    December 31,
    
    
    October 1,(Dollars in thousands)
    
    2006
    
    
    2005
    
    
    2005Foreign currency translation adjustments
    
    $
    (267
    )
    
    $
    (284
    )
    
    $
    (312
    )Minimum pension liability adjustments,
net of tax
    
    
    (1,096
    )
    
    
    (1,096
    )
    
    
    (4,323
    )Accumulated other comprehensive income (loss)
    
    $
    (1,363
    )
    
    $
    (1,380
    )
    
    $
    (4,635
    )
 7




---



##### 



THE LAMSON & SESSIONS CO. AND SUBSIDIARIES
 Note E  Earnings Per Share Calculation
  Third Quarter Ended
    
    
    Nine Months Ended(Dollars and shares in thousands, except per share amounts)
    
    2006
    
    
    2005
    
    
    2006
    
    
    2005Basic Earnings-Per-Share ComputationNet Income
    
    $
    11,939
    
    
    $
    5,353
    
    
    $
    35,148
    
    
    $
    12,784Average Common Shares Outstanding
    
    
    15,649
    
    
    
    14,364
    
    
    
    15,495
    
    
    
    14,170Basic Earnings Per Share
    
    $
    0.76
    
    
    $
    0.37
    
    
    $
    2.27
    
    
    $
    0.90Diluted Earnings-Per-Share ComputationNet Income
    
    $
    11,939
    
    
    $
    5,353
    
    
    $
    35,148
    
    
    $
    12,784Basic Shares Outstanding
    
    
    15,649
    
    
    
    14,364
    
    
    
    15,495
    
    
    
    14,170Stock Based Awards Calculated Under
the Treasury Stock Method
    
    
    537
    
    
    
    861
    
    
    
    603
    
    
    
    676Total Shares
    
    
    16,186
    
    
    
    15,225
    
    
    
    16,098
    
    
    
    14,846Diluted Earnings Per Share
    
    $
    0.74
    
    
    $
    0.35
    
    
    $
    2.18
    
    
    $
    0.86
 8




---



##### 



THE LAMSON & SESSIONS CO. AND SUBSIDIARIES
 Note F  Stock Compensation Plans
    Third Quarter Ended
    
    
    Nine Months Ended(Dollars in thousands, except per share data)
    
    
    2005
    
    
    2005Net income
    
    As reported
    
    $
    5,353
    
    
    $
    12,784Total stock-based employee
compensation, net of tax
    
    
    
    
    
    
    (153
    )
    
    
    (414
    )Net income
    
    Pro forma
    
    $
    5,200
    
    
    $
    12,370Basic earnings per share
    
    As reported
    
    $
    0.37
    
    
    $
    0.90Pro forma
    
    
    0.36
    
    
    
    0.87Diluted earnings per share
    
    As reported
    
    $
    0.35
    
    
    $
    0.86Pro forma
    
    
    0.34
    
    
    
    0.83
 9




---



##### 



THE LAMSON & SESSIONS CO. AND SUBSIDIARIES
 Note F  Stock Compensation Plans  continued
  2006
    
    2005Expected volatility
    
    
    60.0
    %
    
    
    55.5
    %Risk-free interest rates
    
    
    4.71
    %
    
    
    3.84
    %Average expected life
    
    6 years
    
    5 years
   WeightedWeighted
    
    
    Average
    
    
    AggregateNumber of
    
    
    Average
    
    
    Remaining
    
    
    Intrinsic(Options/SARS and intrinsic value in thousands)
    
    Options/SARS
    
    
    Exercise Price
    
    
    Contractual Term
    
    
    ValueOutstanding at December 31, 2005
    
    
    1,786
    
    
    $
    6.67Granted
    
    
    85
    
    
    
    27.81Exercised
    
    
    (668
    )
    
    
    5.28Forfeited
    
    
    
    
    
    
    Outstanding at September 30, 2006
    
    
    1,203
    
    
    $
    8.73
    
    
    
    6.29
    
    
    $
    18,153Exercisable at September 30, 2006
    
    
    848
    
    
    $
    6.84
    
    
    
    5.35
    
    
    $
    14,392
    10




---



##### 



THE LAMSON & SESSIONS CO. AND SUBSIDIARIES
 Note F  Stock Compensation Plans  continued
  Weighted-AverageNumber of
    
    
    Number of
    
    
    
    
    
    
    Grant-DateRestricted Shares
    
    
    PARS
    
    
    Total
    
    
    Fair ValueNonvested at December 31, 2005
    
    
    21,793
    
    
    
    
    
    
    
    21,793
    
    
    $
    7.66Granted
    
    
    14,705
    
    
    
    23,300
    
    
    
    38,005
    
    
    $
    27.64Vested
    
    
    (7,912
    )
    
    
    
    
    
    
    (7,912
    )
    
    $
    3.44Nonvested at September 30, 2006
    
    
    28,586
    
    
    
    23,300
    
    
    
    51,886
    
    
    $
    22.94
   Note G  Commitment
  Note H  Pension and Other Post-Retirement Benefit Plans
  11




---



##### 



Note H  Pension and Other Post-Retirement Benefit Plans  continued
  Third Quarter Ended
    
    
    Nine Months EndedPension Benefits
    
    
    Other Benefits
    
    
    Pension Benefits
    
    
    Other Benefits(Dollars in thousands)
    
    2006
    
    
    2005
    
    
    2006
    
    
    2005
    
    
    2006
    
    
    2005
    
    
    2006
    
    
    2005Service cost
    
    $
    349
    
    
    $
    374
    
    
    $
    
    
    
    $
    
    
    
    $
    1,047
    
    
    $
    1,122
    
    
    $
    
    
    
    $
    1Interest cost
    
    
    1,306
    
    
    
    1,212
    
    
    
    183
    
    
    
    174
    
    
    
    3,918
    
    
    
    3,636
    
    
    
    549
    
    
    
    521Expected return on assets
    
    
    (1,774
    )
    
    
    (1,563
    )
    
    
    
    
    
    
    
    
    
    
    (5,322
    )
    
    
    (4,689
    )
    
    
    
    
    
    
    Net amortization and deferral
    
    
    324
    
    
    
    479
    
    
    
    (713
    )
    
    
    (115
    )
    
    
    973
    
    
    
    1,436
    
    
    
    (861
    )
    
    
    (347
    )Defined contribution plans
    
    
    321
    
    
    
    278
    
    
    
    
    
    
    
    
    
    
    
    911
    
    
    
    777
    
    
    
    
    
    
    
    $
    526
    
    
    $
    780
    
    
    $
    (530
    )
    
    $
    59
    
    
    $
    1,527
    
    
    $
    2,282
    
    
    $
    (312
    )
    
    $
    175
   12




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##### 



Item 2  Managements Discussion and Analysis of Financial Condition and Results of
Operations
  Executive Overview
        13




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##### 



2006 Compared with 2005
 Results of Continuing Operations
  (Dollars in thousands)
 Third Quarter Ended
    
    
    Nine Months Ended2006
    
    
    2005
    
    
    2006
    
    
    2005Net Sales
    
    $
    148,239
    
    
    
    100.0
    %
    
    $
    128,052
    
    
    
    100.0
    %
    
    $
    445,953
    
    
    
    100.0
    %
    
    $
    350,854
    
    
    
    100.0
    %Cost of products sold
    
    
    115,453
    
    
    
    77.9
    %
    
    
    105,144
    
    
    
    82.1
    %
    
    
    342,112
    
    
    
    76.7
    %
    
    
    287,954
    
    
    
    82.1
    %Gross profit
    
    
    32,786
    
    
    
    22.1
    %
    
    
    22,908
    
    
    
    17.9
    %
    
    
    103,841
    
    
    
    23.3
    %
    
    
    62,900
    
    
    
    17.9
    %Total operating expenses
    
    
    12,496
    
    
    
    8.4
    %
    
    
    12,561
    
    
    
    9.8
    %
    
    
    44,056
    
    
    
    9.9
    %
    
    
    36,239
    
    
    
    10.3
    %Operating income
    
    
    20,290
    
    
    
    13.7
    %
    
    
    10,347
    
    
    
    8.1
    %
    
    
    59,785
    
    
    
    13.4
    %
    
    
    26,661
    
    
    
    7.6
    %Interest expense, net
    
    
    1,087
    
    
    
    0.7
    %
    
    
    1,419
    
    
    
    1.1
    %
    
    
    3,335
    
    
    
    0.7
    %
    
    
    5,632
    
    
    
    1.6
    %Income before income taxes
    
    
    19,203
    
    
    
    13.0
    %
    
    
    8,928
    
    
    
    7.0
    %
    
    
    56,450
    
    
    
    12.7
    %
    
    
    21,029
    
    
    
    6.0
    %Income tax provision
    
    
    7,264
    
    
    
    4.9
    %
    
    
    3,575
    
    
    
    2.8
    %
    
    
    21,302
    
    
    
    4.8
    %
    
    
    8,245
    
    
    
    2.4
    %Net income
    
    $
    11,939
    
    
    
    8.1
    %
    
    $
    5,353
    
    
    
    4.2
    %
    
    $
    35,148
    
    
    
    7.9
    %
    
    $
    12,784
    
    
    
    3.6
    %
   14




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##### 



Business Segments
 Carlon
  15




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##### 



Lamson Home Products
    PVC Pipe
  16




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##### 



Liquidity and Capital Resources
       17




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##### 



18




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##### 



Critical Accounting Estimates
  Outlook for 2006
        19




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##### 



20




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##### 



Item 3  Quantitative and Qualitative Disclosures about Market Risk
  Item 4  Controls and Procedures
  PART II
 Item 1  Legal Proceedings
  Item 1A  Risk Factors
  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.
 21




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##### 



SIGNATURES
  THE LAMSON & SESSIONS CO.(Registrant)October 30, 2006
    By:
    /s/ James J. AbelJames J. AbelExecutive Vice President, Secretary,
Treasurer and Chief Financial Officer 22