8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)
November 17, 2004 (November 17, 2004)

LaBARGE, INC.

(Exact name of registrant as specified in its charter)

DELAWARE	001-05761	73-0574586
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

9900A Clayton Road, St. Louis, Missouri 63124

(Address of principal executive offices) (Zip Code)

(314) 997-0800

Registrant’s telephone number, including area code

(Former Name or Former Address, if Changed Since Last Report)

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing Obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 425 under the Securities Act (17 CFT 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFT 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

FORM 8-K

Item 9.01	Financial Statements and Exhibits
(c)	Exhibits
99	Text of slides to be presented during the Registrant’s Annual Stockholders Meeting on November 17, 2004.
Item 7.01	Regulation FD Disclosure

     On November 17, 2004 certain members of the Registrant’s management will make a presentation to shareholders at its 2004 Annual Stockholders Meeting. The text of slides to be presented is attached hereto and incorporated herein by reference as Exhibit 99 to this Form 8-K.

The furnishing of this Exhibit is not intended to constitute a representation that such furnishing is required by Regulation FD or that the information it contains includes material investor information that is not otherwise publicly available. Statements in Exhibit 99 that are not strictly historical are “forward-looking” statements within the meaning of the safe harbor provisions of the federal securities laws. Investors are cautioned that such statements are only predictions, and speak only as of November 17, 2004, the date of the presentation. The Registrant does not assume any obligation to update such information in the future. The Registrant’s actual results in the future may differ materially from those projected in the forward-looking statements due to risks and uncertainties that exist in the Registrant’s operations and business environment including, but not limited to: the impact of increasing competition or deterioration of economic conditions in LaBarge’s markets; cutbacks in defense spending by the U.S. Government; the outcome of litigation the Company is party to; unexpected increases in the cost of raw material, labor and other resources necessary to operate LaBarge’s business; and the availability, amount, type and cost of financing for LaBarge and any changes to that financing and other factors discussed in our Annual and Quarterly Reports on Form 10-K and 10-Q filed with the Securities and Exchange Commission.

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 hereunto duly authorized.

	LaBarge, Inc. (Registrant)
Date: November 17, 2004	By:	/s/Donald H. Nonnenkamp
		Donald H. Nonnenkamp
		Vice President, Chief Financial Officer and Secretary

Exhibit Index

Index Number	Description
99	Text of slides to be presented during the Registrant’s Annual Stockholders Meeting on November 17, 2004.

EX-99

Exhibit 99

Positioned for Growth 2004 Annual Meeting of Stockholders November 17, 2004

Fiscal 2004 Highlights Net sales up 28% Net earnings up 205% Gross margin rose from 20.3% to 23.1% Selling and administrative percentage down 90 basis points Backlog up 27% Accomplished the successful, accretive acquisition of Pinnacle Electronics LLC

Pinnacle Electronics Acquisition $43 million cash acquisition in February 2004 Strong management team; capable, dedicated employees Important step toward LaBarge's growth goals Pinnacle calendar 2003 revenue was $38 million, but currently running at higher annualized rate Expanded customer base Provides greater presence in commercial-industrial markets Operating characteristics and gross profit margins similar to LaBarge Immediately accretive to LaBarge's earnings

Delivering on Our Strategic Goals Focused business strategy Increased sales and earnings Internal growth Acquisition New customers and broader customer relationships Key manufacturing initiatives

Focused Strategy Strategy: Outsourcing partner to large OEMs Existing operations Acquisitions

EMS industry: $100 billion worldwide market LaBarge's niche: Complex, highly reliable electronic equipment Relatively low production volumes Specialized for demanding applications

DIVERSE MARKETS - NET SALES BY MARKET Defense Industrial Natural Resources Aerospace Government Systems Medical Other 0.42 0.2 0.19 0.06 0.04 0.03 0.06 Net sales for the fiscal 2005 first quarter, ended Oct. 3, 2004

Expansion into New Markets Industrial

Expansion into New Markets Natural Resources

Competitive Advantage - Full-Service Provider Broad-based specialized capabilities Higher-level assemblies Systems integration Printed circuit card assemblies card assemblies card assemblies Interconnect systems

Competitive Advantage - Value-Added Services Extensive package of manufacturing services Design for manufacturability and testability Product redesign for cost reduction Product design partners

Cultivating Long-Term Customer Relationships Customers are committed to outsourcing significant pieces of business Winning larger pieces of business is critical to internal growth.

Growing Customer Relationships Defense Airport security and aerospace Postal systems and defense Postal systems and defense Defense and commercial aerospace Defense and commercial aerospace Oil field services and tooling Instrumentation Factory automation Defense and commercial aerospace Aircraft engines, medical and transportation systems Mining equipment Government Direct Defense

Prestigious Defense Programs

Reducing Costs and Increasing Productivity Lean manufacturing and Six Sigma quality Increased manufacturing capacity 40% with no additional "bricks and mortar" Labor efficiency rose 9%+ Average net sales per employee rose 32%+ Supply chain management

NET SALES (dollars in millions) 2001 2002 2003 2004 119.2 120.1 102.9 131.5

DILUTED NET EARNINGS PER SHARE 2001 2002 2003 2004 0.26 0.26 0.15 0.44

DEBT-TO-EQUITY RATIO ..91 to 1 debt-to-equity ratio at Oct. 3, 2004 EBITDA coverage of interest expense = 10x At fiscal 2005 first-quarter end, Oct. 3, 2004

Acquisition Strategy Identifying companies that: Advance LaBarge's growth goals Are compatible with our core electronics manufacturing business Bring new or expanded: Customer relationships Capabilities Are accretive to our EPS Add value for our shareholders

Fiscal 2005 Results/Expectations First-quarter sales and earnings grew significantly Net sales - Up 47% from prior first quarter EPS - Up 81% from prior first quarter Expect second-quarter sales and earnings to be: Substantially higher than prior second quarter Slightly higher than current year first quarter Expect full-year sales and earnings to be up more than 25% from fiscal 2004 levels

Building Value for Shareholders Successful execution of defined strategy Well positioned in EMS industry Solid backlog Strong sales and earnings prospects Strategic acquisitions

Building Value for Shareholders

Outlook Improved prospects for EMS market LaBarge is well positioned as a niche player Solid backlog Expect 2005 full-year sales and net earnings to be up more than 25% from fiscal 2004 levels Building greater value for our shareholders