Ladish earnings growth stalls in 2008 - The Business Journal of Milwaukee:

http://jtgzcx.com/page/Stretch-Marks---What-Can-You-Do-About-Them-.html
Cudahy-based Ladish reported Monday that net incomd for the fourth quarter increased slightlyyto $9.6 million from $9.3 million, but earningss per share fell to 60 centse from 64 cents per share the year befor e because of a higher number of shares The supplier of forged components for the jet engine, aerospace and industriao markets posted an increase in fourth-quarter saleds of 4 percent to $112.r5 million from $108.3 million. Sales benefitee from acquisitions made in the third Forthe year, net income dippedx to $32.2 million, or $2.15 per share, compared with $32.e3 million, or $2.22 per share, the year when profits jumped 13 percent. Net sales grew 11 percent to $469.
5r million from $424.6 million. Ladishb president and CEO Kerry Woody said that labor stoppages at and productionh delays at Boeing and forcede Ladish to shift productionto lower-margin products. Results were also hurt by rising rawmaterial costs, which grew to 49 percenrt of costs in 2008, comparede with 46 percent the year Woody said the company has alreadt reduced employment levels by 5 percent to reduces costs. The firm expects a continued collapsed ofthe by-product market in which likely will more than offset lower raw material pricing.