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 (February 25, 2009): February 26, 2009

LaBARGE, INC.

(Exact name of registrant as specified in its charter)

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

9900 Clayton Road, St. Louis, Missouri	63124
(Address of principal executive offices)	(Zip Code)

(314) 997-0800
(Registrant’s telephone number, including area code)

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:

o Written communications pursuant to Rule 425 under the Securities Act.

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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

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

Item 7.01 Regulation FD Disclosure

     On February 26, 2009, certain members of management of LaBarge, Inc. (the “Registrant”) will make a presentation to certain institutional investors. The text of slides to be shown during the presentation is attached hereto and incorporated herein by reference as Exhibit 99.1 to this Current Report on Form 8-K.

     The information set forth in this Current Report on Form 8-K, including Exhibit 99.1, is being furnished pursuant to Regulation FD and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such filing.

     Forward Looking Statements

     This Current Report on Form 8-K, including Exhibit 99.1, may contain forward-looking statements that are based on management’s expectations and beliefs concerning future events impacting the Registrant. Certain matters contained herein are based upon information available to management as of the date hereof. These forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. As a result, actual results may differ materially and adversely from those expressed in any forward-looking statement. Factors that may cause such a difference include, but are not limited to, risks and uncertainties described in the Registrant’s Annual and Quarterly Reports on Form 10-K and 10-Q filed with the Securities and Exchange Commission. The Registrant undertakes no obligation to revise or update publicly any forward-looking statements, except as required by law.

Item 9.01 Financial Statements and Exhibits

     (d) Exhibits.

Exhibit
No.	Description of Exhibit
99.1	Slide presentation of LaBarge, Inc., dated February 26, 2009.

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.

Dated: February 25, 2009

LaBARGE, INC.
By:	/s/ Donald H. Nonnenkamp
	Name:	Donald H. Nonnenkamp
	Title:	Vice President, Chief Financial Officer and Secretary

EX-99.1

Exhibit 99.1

Corporate Overview February 2009

2 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect management's current expectations and involve a number of risks and uncertainties. Actual results may differ materially from such statements due to a variety of factors that could adversely affect LaBarge, Inc.'s operating results. These risks and factors are set forth in documents LaBarge, Inc. files with the Securities and Exchange Commission, specifically in the Company's most recent Annual Report on Form 10-K, and other reports it files from time to time. These forward-looking statements speak only as of the date such statements were made, or as of the date of the report or document in which they are contained, and the Company undertakes no obligation to update such information. Forward-Looking Statements This presentation is dated February 26, 2009.

3 Achieved excellent long-term growth Five-year CAGR*: Sales = 22%; Earnings = 35% Gross margins remain best in industry Maintaining strong cash flow Acquired Pensar Electronic Solutions - Dec. 2008 Further diversifies LaBarge's mix of business within commercial and industrial market sectors Excellent platform for growth Strong financial condition Overview * Fiscal years 2003 through 2008

4 Challenges FY09 second-quarter results were negatively affected by a write-off related to bankruptcy of Eclipse Aviation FY09 results are being impacted by weakness in industrial and natural resources market sectors Continuing strength in defense and medical sectors FY09 gross margins will be negatively affected by lower sales volume and accounting treatment of Pensar's inventory

5 Electronics Manufacturing Services EMS market is estimated at $170 billion* Industry defined by largest EMS companies High volume, highly automated production Lower complexity electronic products LaBarge's focused niche is a differentiator Niche is defined by manufacturing electronics with: High complexity High rate of change Low production volumes Trend toward outsourcing within this niche is in its early stages * Source: Manufacturing Market Insider, December 2008

6 Value Proposition LaBarge's customers are large, technology- driven companies Leading OEMs in diverse market sectors Customers facing "make versus buy" decision Focusing on own core capabilities Interested in boosting efficiencies and reducing costs

7 LaBarge's Niche-Focused Business Strategy Be an outsourcing partner to OEMs Serve customers in diverse markets Maintain broad-based manufacturing capabilities Support customers with value-added services Execute reliably Retain flexibility

8 Competitive Advantage - Full-Service Provider Broad-based specialized capabilities Printed circuit card assemblies Interconnect systems Higher-level assemblies Manufacturing capabilities are backed by value-added services, including engineering support, program management and testing

9 Established Customer Relationships Industrial Defense Defense Defense Defense and aerospace Government Systems Natural Resources Defense Defense Natural Resources Medical 8 of top 12 customer relationships span more than 10 years

10 Diverse Markets Defense, 50% Net Sales - $289.6 million (for 12 months ended Dec. 28, 2008) Commercial Aerospace, 6% Other, 2% Government Systems, 3% Defense, 43% Natural Resources, 20% Industrial, 19% Medical, 7%

11 High-Reliability in Demanding Environments Missile systems Radar systems Aircraft applications Shipboard systems Defense Commercial Aerospace Satellite launch systems Space applications Commercial aviation Glass container manufacturing systems Welding products Semiconductor fabrication units Industrial Medical Surgical systems Patient monitoring and therapy devices Respiratory care devices Biodecontamination Oilfield services equipment Mine automation and control Agricultural applications Natural Resources

12 Pensar Acquisition Contract electronics manufacturer in Appleton, Wis. Printed circuit boards and higher-level electronic assemblies 330 non-union employees Profitable, well-managed operation Contribution to fiscal 2009 second-half earnings will be at breakeven Accretive in fiscal 2010 Expands LaBarge's size and EMS footprint Adds ~$55 million in annual revenue Adds new customers and markets Expands presence in medical and industrial market sectors $45 million purchase financed with senior debt

13 U.S. Manufacturing Manufacturing facilities in six states 1,600 employees Headquartered in St. Louis, Mo.

14 Sales and Marketing Approach Relationship-driven business Existing customers Expand involvement on ongoing programs Win work with higher technology content Add value through engineering support, program management Win new, long-term programs New customers Target markets, companies and programs compatible with niche-focused strategy Direct sales Build on reputation

15 Operational Initiatives Operational excellence Lean manufacturing Six Sigma New Director of Operational Excellence New Director of Corporate Quality Supply chain initiative Increased purchasing power Reduced costs Improved bidding performance Improved technology tools Strengthening production planning processes

16 Internal growth - continuously develop existing operations Maintain strong pipeline of new business opportunities Expand and develop core competencies Acquisitions - identify candidates that: Are compatible with our core electronics manufacturing business Bring new or expanded customer relationships and capabilities Are accretive to our EPS Growth Strategy

17 Eclipse Aviation Write-Off Wrote off full exposure to Eclipse Aviation bankruptcy Negative impact on FY09 second-quarter earnings, profit margins and backlog Impact to FY09 second-quarter earnings was a non-recurring net charge of $3.7 million, or $0.23 per diluted share, comprising: $4.2 million pretax charge to cost of sales, reflecting a write-down of inventory $1.9 million pretax charge to SG&A, reflecting the write-off of $3.7 million in Eclipse accounts receivable, offset by a reduction of $1.8 million in accrued incentive compensation Backlog reduced by $39.6 million due to removal of Eclipse orders

18 Backlog (in millions)

19 Net Sales (in millions) Five-Year CAGR for Net Sales = 22%

20 Net Earnings Per Share Five-Year CAGR for Net Earnings = 35%

21 Gross Margin

22 Outlook Challenging near-term outlook FY09 second-half sales and earnings will be down year-over- year Weakness in industrial and natural resources market sectors Previous year's second half included $8 million in shipments to Eclipse FY09 second-half gross margin will be down year-over-year Lower pre-acquisition sales volume Accounting treatment of Pensar's inventory Positive long-term business outlook Healthy financial condition Strong pipeline of midterm and longer-term opportunities Diverse market approach Successful initiatives on operational excellence Acquisition expands revenues, earnings and platform for growth