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):  July 27, 2004

                                Ault Incorporated
             (Exact name of Registrant as specified in its charter)

    Minnesota                             0-12611               41-0842932
----------------------------             ---------             --------------
(State or other jurisdiction            (Commission           (I.R.S. Employer
of incorporation)                       File Number)        Identification No.)

7105 Northland Terrace
Minneapolis, MN  55428-1028                                            55428
----------------------------------------                             ----------
(Address of principal executive offices)                             (Zip Code)

Registrant's telephone number, including area code: (763) 592-1900

Item 12. Results of Operations and Financial Conditions

On July 27, 2004, the Company issued a press release setting forth Ault's
fourth quarter 2004 financial results. A copy of the press release is attached
hereto as Exhibit 99.1 and hereby incorporated by reference in this Item 12.

Exhibit Index

     99.1   Press release reporting fourth quarter 2004 financial results.


     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.

                                             AULT INCORPORATED

                                             By:  /s/ Donald L. Henry
                                             Donald L. Henry
                                             Chief Financial Officer

Dated:   July 27, 2004