<PAGE>
                       SECURITIES AND EXCHANGE COMMISSION

                                 Washington, DC

                                    Form 10-Q


       Quarterly Report Pursuant to Section 13 or 15(d) of the Securities
                              Exchange Act of 1934


                  For the quarterly period ended March 31, 2003
                                                 --------------


                         Commission file number 0-21018
                                                -------


                            TUFCO TECHNOLOGIES, INC.

<Table>
<S>                                            <C>
               Delaware                                    39-1723477
  ---------------------------------            ---------------------------------
    (State of other jurisdiction                      (IRS Employer ID No.)
  of incorporation of organization)
</Table>

                        PO BOX 23500 Green Bay, WI 54305
                        --------------------------------
                    (Address of principal executive offices)

                                 (920) 336-0054

         Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

Yes X    No
   ---     ---

         Indicate by check mark whether the registrant is an accelerated filer
(as defined in Rule 126-2 of the Exchange Act).

Yes      No X
   ---     ---

         Indicate the number of shares outstanding of each or the issuer's
classes of common stock, as of the latest practicable date.

<Table>
<Caption>
                  Class                                 Outstanding at May 13, 2003
                  -----                                 ---------------------------
<S>                                                     <C>
Common Stock, par value $0.01 per share                          4,627,844
</Table>


                                       1
<PAGE>



                    TUFCO TECHNOLOGIES, INC. AND SUBSIDIARIES

                                      INDEX

<Table>
<Caption>
                                                                                                     Page
                                                                                                    Number
                                                                                                    ------
<S>                                                                                                 <C>
PART I:    FINANCIAL INFORMATION

Item 1.    Condensed Consolidated Financial Statements

                     Condensed Consolidated Balance Sheets as of
                     March 31, 2003 and September 30, 2002                                              3

                     Condensed Consolidated Statements of Operations for the three
                     months and six months ended March 31, 2003 and 2002                                4

                     Condensed Consolidated Statements of Cash Flows for the
                     six months ended March 31, 2003 and 2002                                           5

                     Notes to Condensed Consolidated Financial Statements                               6

Item 2.    Management's Discussion and Analysis of Financial
           Condition and Results of Operations                                                         13

Item 3.    Quantitative and Qualitative Disclosures About Market Risk                                  18

Item 4.    Controls and Procedures                                                                     18

PART II:   OTHER INFORMATION                                                                           19

SIGNATURES                                                                                             21
</Table>



                                       2
<PAGE>

PART I.  FINANCIAL INFORMATION

ITEM 1.  CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


                    TUFCO TECHNOLOGIES, INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                                   (UNAUDITED)

<Table>
<Caption>
                                                                                  March 31,         September 30,
                                                                                     2003               2002
                                                                                ---------------    ---------------
         <S>                                                                    <C>                <C>
                                                                Assets
         CURRENT ASSETS:
            Cash and cash equivalents .......................................   $     3,172,737    $       251,346
            Restricted cash .................................................           100,000            100,000
            Accounts receivable, net ........................................         5,574,417         11,121,227
            Inventories .....................................................         3,370,315          6,585,100
            Prepaid expenses and other current assets .......................         3,623,909            743,281
            Deferred income taxes ...........................................           832,927            832,927
            Income taxes receivable .........................................           183,561            133,242
                                                                                ---------------    ---------------

                   Total current assets .....................................        16,857,866         19,767,123


         PROPERTY, PLANT AND EQUIPMENT - Net ................................        15,048,195         16,304,848
         GOODWILL - Net......................................................         7,211,575         10,345,213
         OTHER ASSETS - Net .................................................           540,306            749,959
                                                                                ---------------    ---------------

         TOTAL ..............................................................   $    39,657,942    $    47,167,143
                                                                                ===============    ===============


                                         Liabilities and Stockholders' Equity

         CURRENT LIABILITIES:
            Current portion of long-term debt ...............................   $       250,000    $       922,726
            Accounts payable ................................................         3,395,719          5,279,556
            Accrued payroll, vacation and payroll taxes .....................           757,874            935,973
            Other current liabilities .......................................           926,729          1,326,075
                                                                                ---------------    ---------------
                   Total current liabilities ................................         5,330,322          8,464,330

         LONG-TERM DEBT - Less current portion ..............................           750,000          5,233,882
         DEFERRED INCOME TAXES ..............................................           675,401            660,640

         STOCKHOLDERS' EQUITY:
            Common Stock; $.01 par value; 9,000,000 shares authorized;
                4,706,341 shares issued .....................................            47,063             47,063
            Additional paid-in capital ......................................        25,088,631         25,088,631
            Retained earnings ...............................................         8,316,709          8,404,112
            Treasury stock, 78,497 common shares, at cost ...................          (534,045)          (534,045)
            Stockholder notes receivable ....................................                --           (157,246)
            Accumulated other comprehensive loss, net of tax ................           (16,139)           (40,224)

                                                                                ---------------    ---------------
                 Total stockholders' equity .................................        32,902,219         32,808,291
                                                                                ---------------    ---------------
         TOTAL ..............................................................   $    39,657,942    $    47,167,143
                                                                                ===============    ===============
</Table>



            See notes to condensed consolidated financial statements.



                                       3
<PAGE>



                    TUFCO TECHNOLOGIES, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

<Table>
<Caption>
                                                                 THREE MONTHS ENDED                   SIX MONTHS ENDED
                                                                      March 31,                           March 31,
                                                          --------------------------------    --------------------------------
                                                               2003              2002             2003               2002
                                                          --------------    --------------    --------------    --------------
<S>                                                       <C>               <C>               <C>               <C>
NET SALES .............................................   $   12,793,561    $   12,186,068    $   25,323,598    $   23,852,162
COST OF SALES .........................................       11,241,804        10,321,917        22,283,889        21,243,605
                                                          --------------    --------------    --------------    --------------

GROSS PROFIT ..........................................        1,551,757         1,864,151         3,039,709         2,608,557

OPERATING EXPENSES:
Selling, general & administrative .....................        1,248,554         1,003,026         2,248,605         1,972,500
Employee severance costs ..............................               --           201,730            46,284           209,324
Facility restructuring costs ..........................               --           232,958                --           232,958
Property & inventory write downs ......................               --           311,263                --           311,263
(Gain)loss on asset sales .............................             (375)          (28,912)           31,256           (29,092)
                                                          --------------    --------------    --------------    --------------

OPERATING INCOME (LOSS) ...............................          303,578           144,086           713,564           (88,396)
OTHER INCOME (EXPENSE):
   Interest expense ...................................          (79,155)         (114,794)         (177,288)         (259,678)
   Interest and other income ..........................            3,050             2,894             7,606            23,018
                                                          --------------    --------------    --------------    --------------

INCOME(LOSS)FROM CONTINUING
OPERATIONS BEFORE INCOME TAXES ........................          227,473            32,186           543,882          (325,056)
INCOME TAX EXPENSE (BENEFIT) ..........................           91,119             6,216           224,428          (107,780)
                                                          --------------    --------------    --------------    --------------
INCOME(LOSS)FROM CONTINUING OPERATIONS ................          136,354            25,970           319,454          (217,276)

LOSS FROM DISCONTINUED OPERATIONS:
  Net loss from operations of
    discontinued segment, net of tax ..................         (146,506)         (375,240)         (162,451)         (539,352)
  Net loss from sale of discontinued
    operations, net of tax ............................         (244,406)               --          (244,406)               --
                                                          --------------    --------------    --------------    --------------
LOSS BEFORE ACCOUNTING CHANGE .........................         (254,558)         (349,270)          (87,403)         (756,628)
CUMULATIVE EFFECT OF ACCOUNTING CHANGE ................               --                --                --        (4,651,591)
                                                          --------------    --------------    --------------    --------------
NET LOSS ..............................................   $     (254,558)   $     (349,270)   $      (87,403)   $   (5,408,219)
                                                          ==============    ==============    ==============    ==============

BASIC EARNINGS (LOSS) PER SHARE:
   Income (Loss) from Continuing Operations ...........   $         0.03    $         0.01    $         0.07    $        (0.05)
Net Loss from Operations of Discontinued
 Segment ..............................................   $        (0.04)   $        (0.08)   $        (0.04)   $        (0.11)
Net Loss from Sale of Discontinued
 Operations ...........................................   $        (0.05)   $           --    $        (0.05)   $           --
                                                          --------------    --------------    --------------    --------------
Income (Loss) before Accounting Change ................   $        (0.06)   $        (0.07)   $        (0.02)   $        (0.16)
Cumulative Effect of Accounting Change ................   $           --    $           --    $           --    $        (1.01)
                                                          --------------    --------------    --------------    --------------
Net Loss ..............................................   $        (0.06)   $        (0.07)   $        (0.02)   $        (1.17)

DILUTED EARNINGS (LOSS) PER SHARE:
  Income (Loss) from Continuing Operations ............   $        0 .03    $         0.01    $         0.07    $        (0.05)
  Net Loss from Operations of
   Discontinued Segment ...............................   $        (0.04)   $        (0.08)   $        (0.04)   $        (0.11)
  Net Loss from Sale of Discontinued
   Operations .........................................   $        (0.05)   $           --    $        (0.05)   $           --
                                                          --------------    --------------    --------------    --------------
  Income (Loss) before Accounting Change ..............   $        (0.06)   $        (0.07)   $        (0.02)   $        (0.16)
  Cumulative Effect of Accounting Change ..............   $           --    $           --    $           --    $        (1.01)
                                                          --------------    --------------    --------------    --------------
  Net Loss ............................................   $        (0.06)   $        (0.07)   $        (0.02)   $        (1.17)
WEIGHTED AVERAGE COMMON SHARES
OUTSTANDING:
    Basic .............................................        4,627,844         4,627,844         4,627,844         4,627,844
    Diluted ...........................................        4,627,844         4,627,844         4,627,844         4,627,844
</Table>


            See notes to condensed consolidated financial statements.



                                       4
<PAGE>



                    TUFCO TECHNOLOGIES, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

                                   (UNAUDITED)

<Table>
<Caption>
                                                                                SIX MONTHS ENDED
                                                                                    March 31,
                                                                         ----------------------------------
                                                                              2003               2002
                                                                         ---------------    ---------------
<S>                                                                      <C>                <C>
OPERATING ACTIVITIES
   Net income (loss) from continuing operations ......................   $       319,454    $      (217,276)
   Noncash items in net income (loss) from continuing
    operations

      Depreciation and amortization ..................................         1,509,394          1,487,485
      (Gain)loss on asset sales ......................................            31,256            (29,091)
      Asset impairment write-down ....................................                --            311,263
   Changes in operating working capital:
      Accounts receivable ............................................           269,893          1,062,848
      Inventories ....................................................           193,634            715,065
      Prepaid expenses and other assets ..............................        (1,158,847)           118,629
      Accounts payable ...............................................          (614,297)           765,694
      Accrued and other current liabilities ..........................          (192,231)          (340,596)
      Income taxes payable & receivable ..............................           113,006           (515,357)
                                                                         ---------------    ---------------

   Net cash provided by operating activities from continuing
    operations .......................................................           471,262          3,358,664

INVESTING ACTIVITIES FROM CONTINUING OPERATIONS
   Additions to property, plant and equipment ........................        (1,757,426)          (243,497)
   Deposits made on lease of equipment ...............................        (1,786,000)                --
   Proceeds from disposition of property, plant and equipment ........            67,260            581,716
   Increase in advances to stockholders ..............................           (11,809)           (49,359)
   Increase in restricted cash .......................................                --               (280)
                                                                         ---------------    ---------------

   Net cash provided (used) by investing activities from
    continuing operations ............................................        (3,487,975)           288,580

FINANCING ACTIVITIES
   Repayment of long-term debt .......................................        (7,965,027)        (2,841,715)
   Issuance of long-term debt ........................................         2,874,360                 --
   Collections on stockholder notes receivable .......................           157,247            123,510
                                                                         ---------------    ---------------

   Net cash used by financing activities from continuing
    operations .......................................................        (4,933,420)        (2,718,205)

Net cash provided from discontinued operations:
    Proceeds from sale of discontinued operations (net
     of transaction costs) ...........................................        11,740,052                 --
    Net cash used by operating activities of discontinued
     operations ......................................................          (868,528)           590,181
                                                                         ---------------    ---------------
    Net cash provided (used) by discontinued operations ..............        10,871,524           (590,181)
                                                                         ---------------    ---------------
NET INCREASE IN CASH AND CASH EQUIVALENTS ............................         2,921,391            338,858
CASH AND CASH EQUIVALENTS:
 Beginning of period .................................................           251,346            521,453
                                                                         ---------------    ---------------
 End of period .......................................................   $     3,172,737    $       860,311
                                                                         ===============    ===============
</Table>


            See notes to condensed consolidated financial statements.



                                       5
<PAGE>


                    TUFCO TECHNOLOGIES, INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
           FOR THE THREE AND SIX MONTHS ENDED MARCH 31, 2003 AND 2002
                                   (UNAUDITED)


1.       BASIS OF PRESENTATION

         The accompanying condensed consolidated financial statements have been
         prepared by Tufco Technologies, Inc., (the "Company") pursuant to the
         rules and regulations of the Securities and Exchange Commission ("SEC")
         and, in the opinion of the Company, include all adjustments necessary
         for a fair statement of results for each period shown (unless otherwise
         noted herein, all adjustments are of a normal recurring nature) (See
         Note 6). Operating results for the three-month and sixth-month periods
         ended March 31, 2003 are not necessarily indicative of results expected
         for the remainder of the year. Certain information and note disclosures
         normally included in financial statements prepared in accordance with
         accounting principles generally accepted in the United States of
         America have been condensed or omitted pursuant to such SEC rules and
         regulations. The Company believes that the disclosures made are
         adequate to prevent the financial information given from being
         misleading. The Company's condensed consolidated balance sheet at
         September 30, 2002, was derived from the audited consolidated balance
         sheet. It is suggested that these condensed consolidated financial
         statements be read in conjunction with the audited consolidated
         financial statements and notes thereto included in the Company's latest
         Annual Report on Form 10-K.


         RECENTLY ISSUED ACCOUNTING PRONOUNCEMENT

         In October 2001, the Financial Accounting Standards Board (FASB) issued
         Statement of Financial Accounting Standards ("SFAS") No. 144,
         "Accounting for the Impairment or Disposal of Long-Lived Assets". SFAS
         No. 144 addresses financial accounting and reporting for the impairment
         or disposal of long-lived assets. SFAS No. 144 supersedes SFAS No. 121,
         "Accounting for the Impairment of Long-Lived Assets and for Long-Lived
         Assets to Be Disposed Of", and the accounting and reporting provisions
         of Accounting Principles Board Opinion No. 30, "Reporting the Results
         of Operations - Reporting the Effects of Disposal of a Segment of a
         Business, and Extraordinary, Unusual and Infrequently Occurring Events
         and Transactions". SFAS No. 144 also amends Accounting Research
         Bulletin No. 51, "Consolidated Financial Statements", to eliminate the
         exception to consolidation for a subsidiary for which control is likely
         to be temporary. SFAS No. 144 requires that one accounting model be
         used for long-lived assets to be disposed of by sale, whether
         previously held and used or newly acquired. SFAS No. 144 also broadens
         the presentation of discontinued operations to include more disposal
         transactions. The Company adopted SFAS No. 144, effective October 1,
         2002. Adoption of SFAS No. 144 did not have a material impact on the
         Company's financial position or results of operations. The sale and
         discontinued operations of the Paint Sundries segment in the second
         quarter 2003 have been recorded in accordance with SFAS No. 144.

         SFAS No. 146, "Accounting for Costs Associated with Exit of Disposal
         Activities", which was issued by the FASB in July 2002, requiring
         companies to recognize costs associated with exit or disposal
         activities when they are incurred rather than at the date of a
         commitment to an exit or disposal plan. SFAS No. 146 supercedes EITF
         Issue No. 94-3, "Liability Recognition for Certain Employee Termination
         Benefits and Other Costs to Exit an Activity (including Certain Cost
         Incurred in a Restructuring)". SFAS No. 146 is to be applied
         prospectively to exit or disposal activities initiated after December
         31, 2002.



                                       6
<PAGE>



         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS--(CONTINUED).

         RECENTLY ISSUED ACCOUNTING PRONOUNCEMENT--CONTINUED

         On December 31, 2002, the FASB issued SFAS No. 148, "Accounting for
         Stock-Based Compensation-Transition and Disclosure". SFAS No. 148
         amends SFAS No. 123, "Accounting for Stock-Based Compensation" and
         provides alternative methods of transition for a voluntary change to
         the fair value based method of accounting for stock-based employee
         compensation. In addition, SFAS No. 148 amends the disclosure
         requirements of SFAS No. 123 to require disclosures in interim
         financial statements of the effects of stock-based compensation. The
         interim disclosure requirements of SFAS No. 148 are effective for
         periods beginning after December 15, 2002. The Company's stock-based
         compensation related to employees and non-employee directors is
         recognized using the intrinsic value method in accordance with
         Accounting Principles Board Opinion No. 25, "Accounting for Stock
         Issued to Employees," and thus there is no compensation expense for
         options granted with exercise prices equal to the fair value of the
         Company's common stock on the date of the grant. The Company has no
         stock based employee compensation as defined by SFAS No. 148.

         In November 2002, FASB issued Interpretation ("FIN") No. 45,
         "Guarantor's Accounting and Disclosure Requirements for Guarantees,
         Including Guarantees of Indebtedness of Others". FIN No. 45 requires
         that a guarantor must recognize, at the inception of a guarantee, a
         liability for the fair value of the obligation that is has undertaken
         in issuing a guarantee. FIN No. 45 also addresses the disclosure
         requirements that a guarantor must include in its financial statements
         for guarantees issued. The disclosure requirements in this
         interpretation are effective for financial statements ending after
         December 15, 2002. The initial recognition and measurement provisions
         of this interpretation are applicable on a prospective basis to
         guarantees issued or modified after December 31, 2002. The Company has
         no guarantees as defined in FIN No. 45.

         RECLASSIFICATIONS

         Certain amounts previously reported have been reclassified to conform
         to the current presentation.

         EARNINGS PER SHARE

         At March 31, 2003 and 2002, options representing 516,400 and 548,900
         shares of common stock, respectively, were outstanding. For the
         three-month period ended March 31, 2003 and 2002, all of these options
         were excluded from the diluted earnings per share calculations because
         of their existing anti-diluted qualities.

2.       GOODWILL

         The Company adopted SFAS No. 142, "Goodwill and Other Intangible
         Assets" effective October 1, 2001. Under SFAS No. 142, goodwill and
         certain other intangible assets are no longer systematically amortized
         but instead are reviewed for impairment and any excess in carrying
         value over the estimated fair value is charged to results of
         operations. The previous method for determining impairment prescribed
         by SFAS No. 121, "Accounting for the Impairment of Long-Lived Assets
         and Long-Lived Assets to be Disposed Of", utilized an undiscounted cash
         flow approach for the initial impairment assessment, while SFAS No. 142
         utilizes a fair value approach. The goodwill impairment charge
         discussed below is the result of the change in the accounting method
         for determining the impairment of goodwill.

         In connection with the adoption of SFAS No. 142, the Company allocated
         goodwill to each of its reporting units and tested this goodwill for
         impairment as of the beginning of



                                       7
<PAGE>



         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS--(CONTINUED).

         GOODWILL-CONTINUED

         fiscal 2002. The Company completed the transitional goodwill impairment
         test during the second quarter of fiscal 2002. As a result, an
         impairment charge of $ 6.4 million ($4.7 million after tax, or $1.01
         per diluted share) was recorded related to goodwill for the Business
         Imaging and Paint Sundries reporting units $5.0 million and $1.4
         million, respectively. The fair value of the reporting units was
         estimated using a combination of valuation techniques including the
         expected present value of future cash flows and prices of comparable
         businesses.

         The charges have been recorded as the cumulative effect of accounting
         change in the amount of $6.4 million ($4.7 million after tax, or $1.01
         per share) as of October 1, 2001 in the accompanying condensed
         consolidated statements of operations.

         The Company will continue to review for impairment on an annual basis,
         and such analysis will be completed in the third quarter of 2003.

         The changes in the carrying amount of goodwill for the six months ended
         March 31, 2003 are as follows:

<Table>
<Caption>
                                                             Contract          Business          Paint
                                                           Manufacturing       Imaging           Sundries            TOTAL
                                                          ---------------   ---------------   ---------------   ---------------
<S>                                                       <C>               <C>               <C>               <C>
           Balance as of September 30, 2002 ...........   $     4,281,759   $     2,929,816   $     3,133,638   $    10,345,213
           Sale of Segment ............................                --                --         3,133,638         3,133,638
                                                          ---------------   ---------------   ---------------   ---------------

           Balance as of March 31, 2003 ...............   $     4,281,759   $     2,929,816   $            --   $     7,211,575
                                                          ===============   ===============   ===============   ===============
</Table>

3.       INVENTORIES

         Inventories consist of the following:

<Table>
<Caption>
                                                             March 31,       September 30,
                                                                2003              2002
                                                          ---------------   ---------------
<S>                                                       <C>               <C>
Raw materials .........................................   $     2,156,795   $     4,838,569
Finished goods ........................................         1,213,520         1,746,531
                                                          ---------------   ---------------

Total inventories .....................................   $     3,370,315   $     6,585,100
                                                          ===============   ===============
</Table>

4.       SEVERANCE COSTS

         For the three months ended March 31, 2003, the severance cost was $0
         compared to $201,730 for the same period last year. For the six months
         ended March 31, 2003, the severance cost was $46,284 compared to
         $209,324 during the six months ended March 31, 2002. The 2003 costs are
         related to the elimination of several salary positions. The 2002
         expense relates primarily to severance pursuant to an employment
         agreement with a former executive.

5.       RESTRUCTURING COSTS AND ASSET WRITE DOWNS

         During the three months ended March 31, 2002, the Company incurred
         approximately $544,000 of costs (including approximately $311,000
         related to impaired asset write-downs) related to restructuring a
         component of the Business Imaging segment completed in fiscal year
         2002.



                                       8
<PAGE>



NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS--(CONTINUED).

6.       DISCONTINUED OPERATIONS

         The condensed financial statements present the Paint Sundries segment
         as a discontinued operation as a result of the sale of the business on
         March 31, 2003 pursuant to authorization of the Board of Directors on
         January 27, 2003. The Company sold the assets and business of the Paint
         Sundries segment for $12.3 million in cash to Trimaco, LLC and its
         affiliate. The sale included all Paint Sundries segment assets,
         including the Manning, South Carolina manufacturing facility. Prior
         period amounts have been restated, including the reallocation of
         general overhead charges. The Company recorded a $0.4 million loss
         ($0.2 million after tax) on the sale of the Paint Sundries segment
         which includes a $0.1 million gain on the sale of the assets offset by
         $0.5 million of fees and expenses associated with the sale. The Company
         does not expect any material adjustment to the loss when determination
         of the final purchased net assets and the performance of certain
         services are complete. The Company will provide certain accounting and
         information technology services to Trimaco, LLC during the transition
         period for an agreed upon fee.

         Operating results from discontinued operations are as follows:

<Table>
<Caption>
                                             Three Months Ended                     Six Months Ended
                                                  March 31,                             March 31,
                                           2003               2002               2003               2002
                                      ---------------    ---------------    ---------------    ---------------
<S>                                   <C>                <C>                <C>                <C>
           Net sales                  $     3,818,979    $     6,220,657    $     9,708,068    $    11,818,225

           Loss before                       (244,409)          (465,059)          (271,963)          (706,081)
           income tax
</Table>

         The components of disposed assets and liabilities are as follows:

<Table>
<S>                                                                     <C>
           Accounts Receivable (net of reserve)                        $ 4,893,816
           Inventory (net of reserve)                                    3,122,830
           Equipment                                                       328,090
           Building                                                      2,448,916
           Goodwill                                                      3,133,638
           Other assets                                                    292,663
           Accounts payable                                             (1,790,211)
           Other accruals                                                 (281,959)
                                                                       -----------
           Total net book value of disposed assets                     $12,147,783
</Table>

7.       COMPREHENSIVE LOSS

         Comprehensive loss for the three months ended March 31, 2003 was
         $(242,747) compared to comprehensive loss of $(327,964) for the three
         months ended March 31, 2002.

         Comprehensive loss for the six months ended March 31, 2003 was
         $(63,318), including the SFAS No. 142 impairment loss of $4.7 million,
         net of tax, $(5,382,090) for the six months ended March 31, 2002.




                                       9
<PAGE>




NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS--(CONTINUED).

7.       COMPREHENSIVE LOSS--CONTINUED

         The components of comprehensive loss are as follows:

<Table>
<Caption>
                                               Three Months Ended                   Six Months Ended
                                                   March 31,                            March 31,
                                           2003               2002               2003               2002
                                      ---------------    ---------------    ---------------    ---------------
<S>                                   <C>                <C>                <C>                <C>
      Net Loss                               (254,558)          (349,270)           (87,403)        (5,408,219)
Other comprehensive income,
 Net of tax: Change in fair
 Value of interest rate
 Swap contract                                 11,811             21,306             24,085             26,129
                                      ---------------    ---------------    ---------------    ---------------

Comprehensive Loss                           (242,747)          (327,964)           (63,318)        (5,382,090)
                                      ===============    ===============    ===============    ===============
</Table>

8.       STOCK OPTION PLAN

         The Company applies APB No. 25 and related interpretations in
         accounting for its stock option plans. No compensation cost has been
         recognized for the Company's stock option plans because the quoted
         market price of the common stock at the date of grant was not in excess
         of the option exercise price. SFAS No. 123 prescribes a method to
         record compensation cost at the fair value of the options granted. Pro
         forma disclosures as if the Company had adopted the cost recognition
         requirements under SFAS No. 123 for the three and six months ended
         March 31, 2003 and 2002 are presented below.

<Table>
<Caption>
                                               Three Months Ended                   Six Months Ended
                                                   March 31,                             March 31,
                                           2003               2002                2003               2002
                                      ---------------    ---------------    ---------------    ---------------
<S>                                   <C>                <C>                <C>                <C>
Net Income (loss):
  As reported                                (254,558)          (349,270)           (87,403)        (5,408,219)
  Pro forma                                  (282,624)          (389,523)          (198,573)        (5,640,917)

Basic earnings per
share:
   As reported                                  (0.06)             (0.07)             (0.02)             (1.17)
   Pro forma                                    (0.06)             (0.08)             (0.04)             (1.22)

Diluted earnings per
share:
   As reported                                  (0.06)             (0.07)             (0.02)             (1.17)
   Pro forma                                    (0.06)             (0.08)             (0.04)             (1.22)
</Table>



                                       10
<PAGE>



NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS--(CONTINUED).

9.       SEGMENT INFORMATION

         The Company manufactures and distributes business forms, custom
         paper-based non-woven products, and provides contract manufacturing,
         specialty printing and related services on these types of products. In
         second quarter of fiscal 2003, the Company sold its Paint Sundries
         segment, and presented the financials related to this segment as
         discontinued operations. Prior period amounts have been restated,
         including the intersector information to reflect the sale of this
         business. The Company separates its current operations and prepares
         information for management use by the market segments aligned with the
         Company's products and services. Such market information is summarized
         below. The Contract Manufacturing segment provides services to large
         national consumer products companies while the Business Imaging segment
         manufactures and distributes paper good products. Accounts receivable
         and certain other assets historically have not been assignable to
         specific segments and, therefore, are included in the intersector
         column below.

<Table>
<Caption>
    THREE MONTHS ENDED              CONTRACT          BUSINESS
      MARCH 31, 2003              MANUFACTURING        IMAGING         INTERSECTOR       CONSOLIDATED
------------------------------   ---------------   ---------------   ---------------    ---------------
<S>                              <C>               <C>               <C>                <C>
Net Sales                        $     6,824,030   $     5,969,531   $            --    $    12,793,561

Gross Profit                             825,541           726,216                --          1,551,757

Operating Income (loss)                  490,018           330,636          (517,076)           303,578

Assets:
    Inventories                        1,251,417         2,118,898                --          3,370,315
    Property, plant and
      equipment-net                   10,088,810         3,388,627         1,570,758         15,048,195
    Goodwill-net                       4,281,759         2,929,816                --          7,211,575
    Accounts receivable
      and other assets                                                    14,027,857         14,027,857
                                 ---------------   ---------------   ---------------    ---------------

  Total assets                   $    15,621,986   $     8,437,341   $    15,598,615    $    39,657,942
                                 ===============   ===============   ===============    ===============
</Table>

<Table>
<Caption>
          THREE MONTHS ENDED             CONTRACT          BUSINESS            PAINT
           MARCH  31,  2002            MANUFACTURING       IMAGING            SUNDRIES         INTERSECTOR       CONSOLIDATED
-----------------------------------   ---------------   ---------------    ---------------   ---------------    ---------------
<S>                                   <C>               <C>                <C>               <C>                <C>
Net Sales                             $     6,719,696   $     5,466,372    $            --     $          --    $    12,186,068

Gross Profit                                1,437,950           426,201                 --                --          1,864,151

Operating Income (loss)                     1,079,528          (332,695)                --          (602,747)           144,086

Assets:
    Inventories                             1,367,140         2,159,716          3,816,491                --          7,343,347
    Property, plant and
      equipment-net                         8,733,415         4,372,864          1,733,422         2,206,373         17,046,074
    Goodwill-net                            4,281,759         2,929,816          3,133,638                --         10,345,213
    Accounts receivable
      and other assets                                                                  --        14,327,857         14,327,857
                                      ---------------   ---------------    ---------------   ---------------    ---------------

  Total assets                        $    14,382,314   $     9,462,396    $     8,683,551   $    16,534,230    $    49,062,491
                                      ===============   ===============    ===============   ===============    ===============
</Table>



                                       11
<PAGE>



NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS--(CONTINUED).

<Table>
<Caption>
         SIX MONTHS ENDED                CONTRACT          BUSINESS
          MARCH 31, 2003               MANUFACTURING        IMAGING         INTERSECTOR        CONSOLIDATED
-----------------------------------   ---------------   ---------------   ---------------    ---------------
<S>                                   <C>               <C>               <C>                <C>
Net Sales                             $    13,490,789   $    11,832,809   $            --    $    25,323,598

Gross Profit                                1,603,428         1,436,281                --          3,039,709

Operating Income (loss)                       891,051           671,512          (848,999)           713,564
</Table>


<Table>
<Caption>
        SIX MONTHS ENDED                 CONTRACT          BUSINESS
         MARCH 31, 2002                MANUFACTURING        IMAGING          INTERSECTOR       CONSOLIDATED
-----------------------------------   ---------------   ---------------    ---------------    ---------------
<S>                                   <C>               <C>                <C>                <C>
Net Sales                             $    12,975,247   $    10,876,915    $            --    $    23,852,162

Gross Profit                                1,919,920           688,637                 --          2,608,557

Operating Income (loss)                     1,214,659          (422,162)          (880,893)           (88,396)
</Table>



                                       12
<PAGE>



ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

GENERAL INFORMATION:

         Tufco Technologies, Inc. has manufacturing operations in Green Bay, WI
         and Newton, NC. Corporate headquarters are located in Green Bay, WI.
         Corporate support services currently located in Dallas, TX are being
         transitioned to Green Bay, WI.

         The Company provides diversified Contract Manufacturing and specialty
         printing services and manufactures and distributes Business Imaging
         paper products.

         There are seasonal demand characteristics for the Company's products
         occurring because of the seasonal demand for certain Contract
         Manufacturing printed products displaying a holiday theme as well as
         products which are used by customers in conjunction with end-of-year
         activities. These products are normally shipped during the Company's
         fourth fiscal quarter. Point of sale Business Imaging products peak
         during second and fourth quarters due to seasonal demand for products
         related to end-of-year holiday activities and due to summer vacation
         activities.

         The condensed consolidated financial statements have been prepared in
         accordance with generally accepted accounting principles which require
         the Company to make estimates and assumptions that affect the reported
         amounts of assets and liabilities at the date of the consolidated
         financial statements and revenues and expenses during the periods
         reported. Actual results could differ from those estimates. Unless
         otherwise noted, the Company has not made any changes in estimates or
         assumptions that had a significant effect on the reported amounts.



                                       13
<PAGE>



ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS--CONTINUED

RESULTS OF OPERATIONS:

CONDENSED OPERATING DATA, PERCENTAGES OF NET SALES AND PERIOD-TO-PERIOD CHANGES
IN THESE ITEMS ARE AS FOLLOWS (DOLLARS IN THOUSANDS):

<Table>
<Caption>
                                    Three Months Ended                                 Six Months Ended
                                         March 31,             Period-to-Period            March 31,            Period-to-Period
                                   ---------------------            Change           --------------------            Change
                                     2003         2002          $            %         2003        2002         $            %
                                   --------     --------     --------     --------   --------    --------    --------    --------
<S>                                <C>          <C>          <C>          <C>        <C>         <C>         <C>         <C>
Net Sales                          $ 12,794     $ 12,186          608            5   $ 25,324    $ 23,852       1,472           6

Gross Profit                          1,552        1,864         (312)         (17)     3,040       2,609         431          17
                                       12.1%        15.3%                                12.0%       10.9%

Operating Expenses                    1,248        1,720         (472)         (27)     2,326       2,697        (371)         14
                                        9.8%        14.1%                                 9.2%       11.3%

Operating Income (Loss)                 304          144          160          111        714         (88)        802         911
                                        2.4%         1.2%                                 2.8%       (0.4)%

Interest Expense                         79          115          (36)         (31)       177         260         (83)        (32)
                                        0.6%         0.9%                                 0.7%        1.1%

Net Income (Loss) from
Continuing Operations                   136           26          110          423        319        (217)        536         247
                                        1.1%         0.2%                                 1.3%       (0.9)%

Net loss from Discontinued
Operations, Net of Tax                 (391)        (375)         (16)          (4)      (407)       (539)        132          24
                                       (2.9)%       (3.1)%                               (1.6)%      (2.3)%
Cumulative Effect of
Accounting Change                        --           --           --           --         --       4,651      (4,651)       (100)
                                                                                                    (19.5)%

Net Loss                           $   (255)        (349)          94           27        (87)     (5,408)      5,321          98
                                       (2.0)%       (2.9)%                                (0.3)%    (22.7)%
</Table>


         The components of net sales and gross profit are summarized in the
table below (dollars in thousands):

<Table>
<Caption>
                                                             Three Months Ended
                                                                March  31,
                                           ------------------------------------------------------
                                                     2003                        2002
                                           -------------------------    -------------------------
                                                            % of                         % of         Period-to-Period Change
                                             Amount         Total         Amount         Total            $             %
                                           -----------   -----------    -----------   -----------    -----------   -----------
<S>                                        <C>           <C>            <C>           <C>            <C>           <C>
           Net Sales
Contract manufacturing and printing        $     6,824            53%   $     6,720            55%           104             2%
Business imaging paper products                  5,970            47          5,466            45            504             9
                                           -----------   -----------    -----------   -----------    -----------   -----------
Net sales                                  $    12,794           100%   $    12,186           100%   $       608             5%
                                           ===========   ===========    ===========   ===========    ===========   ===========

<Caption>

                                                            Margin                       Margin       Period-to-Period Change
                                             Amount           %           Amount           %              $             %
                                           -----------   -----------    -----------   -----------    -----------   -----------
<S>                                        <C>           <C>            <C>           <C>            <C>           <C>
       Gross Profit (loss)
Contract manufacturing and printing        $       826            12%   $     1,438            21%          (612)          (43)
Business imaging paper products                    726            12            426             8            300            70
                                           -----------   -----------    -----------   -----------    -----------   -----------
Gross profit                               $     1,552            12%   $     1,864            15%        $ (312)          (17)%
                                           ===========   ===========    ===========   ===========    ===========   ===========
</Table>



                                       14
<PAGE>



ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS--CONTINUED


<Table>
<Caption>
                                                               Six Months Ended
                                                                  March 31,
                                           ------------------------------------------------------
                                                     2003                         2002
                                           -------------------------    -------------------------
                                                            % of                         % of         Period-to-Period Change
                                             Amount         Total         Amount         Total            $             %
                                           -----------   -----------    -----------   -----------    -----------   -----------
<S>                                        <C>           <C>            <C>           <C>            <C>           <C>
           Net Sales
Contract manufacturing and printing        $    13,491            53%   $    12,975            54%           516             4
Business imaging paper products                 11,833            47         10,877            46            956             9
                                           -----------   -----------    -----------   -----------    -----------   -----------

Net sales                                  $    25,324           100%   $    23,852           100%         1,472             6
                                           ===========   ===========    ===========   ===========    ===========   ===========

<Caption>

                                                            Margin                      Margin        Period-to-Period Change
                                             Amount           %           Amount          %              $              %
                                           -----------   -----------    -----------   -----------    -----------   -----------
<S>                                        <C>           <C>            <C>           <C>            <C>           <C>
       Gross Profit
Contract manufacturing and printing        $     1,604            12%   $     1,920            15%          (316)          (16)
Business imaging paper products                  1,436            12            689             6            747           108
                                           -----------   -----------    -----------   -----------    -----------   -----------

Gross profit                               $     3,040            12%   $     2,609            11%           431            17
                                           ===========   ===========    ===========   ===========    ===========   ===========
</Table>



                                       15
<PAGE>



ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS--CONTINUED

NET SALES:

Net sales increased $0.6 million (5%) to $12.8 million in the second quarter of
fiscal 2003, when compared to this period last year. This is due to increases of
$0.5 million or 9% in the Business Imaging segment and $0.1 million or 2% in the
Contract Manufacturing segment. The increase in the Business Imaging segment was
due to new business from a large chain of office supply retail stores.

GROSS PROFIT:

Gross profit decreased $0.3 million (17%) for second quarter of fiscal 2003 when
compared to second quarter of fiscal 2002. The Contract Manufacturing segment
decreased $0.6 million or 43% primarily due to a price reduction to a major
customer and increased warehouse costs due to increased production. The Business
Imaging segment's gross profit increased $0.3 million (70%) as a result of
growth in the point-of-sales rolls market. This segment also improved margins by
reducing overhead by closing the Dallas, Texas facility and moving the remaining
production to its Newton, North Carolina facility.

OPERATING EXPENSES:

Operating expenses decreased $0.5 million for second quarter of fiscal 2003 when
compared to the same period of fiscal 2002. This decrease for the quarter was
primarily related to a reduction in expenses as a result of closing the Dallas,
Texas facility. This decrease was offset by the write-off of loan fees as a
result of the reduction of debt with the proceeds from the sale of the Paint
Sundries segment.

OPERATING INCOME:

Operating income improved $0.2 million to income of $0.3 million for the second
quarter of fiscal 2003, when compared to the same period of fiscal 2002. The
increase was primarily due to reduced expenses as a result of the Dallas
facility closure mentioned earlier.

INTEREST EXPENSE AND OTHER INCOME (EXPENSE)-NET:

Interest expense was $36,000 lower compared to last year due to a $8.5 million
reduction in debt since March 31, 2002, and lower interest rates on borrowings.

NET INCOME (LOSS) AND EARNINGS (LOSS) PER SHARE:

The Company reported net loss of $0.3 million (per share: ($0.06) basic and
diluted) for first quarter of fiscal 2003, versus a net loss of $0.3 million
(per share: (($0.07)-basic and diluted) for the same period one year ago. Net
income from continuing operations was $0.1 million or $.03 per share for the
second quarter of 2003 compared to $25,000, or $.01 per share for 2002.

ACCOUNTING CHANGE:

Effective October 1, 2001, the Company adopted SFAS No. 142, "Goodwill and Other
Intangible Assets". This standard requires that companies no longer amortize
goodwill and indefinite life intangible assets, such as trademarks. In addition,
this standard requires that companies evaluate all goodwill for impairment
annually. Upon completion of this evaluation, the Company recorded a charge in
an amount of $6.4 million ($4.7 million, net of income tax effects, or $1.01 per
diluted share) in fiscal 2002 for the goodwill recorded in the Business Imaging
and Paint Sundry segments.



                                       16
<PAGE>



ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS --CONTINUED

LIQUIDITY AND CAPITAL RESOURCES:

The Company generated $0.5 million in cash from continuing operations through
the first six months of fiscal 2003, compared to cash flow from continuing
operations generated of $3.4 million for the same period last year. Net income
plus non-cash items aggregated $1.9 million, an increase of $0.3 million from
the same period last year. The Company used $1.2 million for prepaid and other
assets and $0.7 million to pay accounts payable and accrued liabilities.
Decreases in accounts receivable generated $0.3 million and decreases in
inventories generated $0.2 million in cash flows.

Net cash used in investing activities was $3.5 million through the second
quarter of fiscal 2003. Additions to property, plant and equipment include $1.8
million related to the purchase and installation of production and office
equipment. The Company made a deposit of $1.8 million for the purchase of a
flexo-graphic printing press which the Company ultimately plans to finance
through an operating lease. Thus this expenditure will be refunded upon
consummation of the lease transaction.

Net cash used in financing activities was $5.0 million through the second
quarter of fiscal 2003 due to repayment of all outstanding bank term debt and
revolving line of credit.

Net cash provided by discontinued operations in the second quarter of 2003 was
$10.9 million which represented $11.7 million of net proceeds from the sale of
the Paint Sundries segment offset by $0.9 million of cash used by the operating
activities for the six months ended March 31, 2003.

As of May 12, 2003, the Company had approximately $6.0 million available under
its revolving credit line which was reduced to a $6.0 million facility
concurrent with the Paint Sundries sale. According to the terms of its credit
facility with its lenders, the Company is required to maintain certain financial
and operational covenants. As of March 31, 2003, the Company was in compliance
with all of its debt covenants under the credit facility.

The Company intends to retain earnings to finance future operations and
expansion and does not expect to pay any dividends within the foreseeable
future.

STOCK REPURCHASE PLAN

In March 2003, the Company's Board of Directors approved the purchase by the
Company of up to 100,000 shares given that the cash and debt position would
enable these purchases without impairment to the Company's capital. The purchase
plan began in April 2003, and extends over a nine-month period. As of May 12,
2003 no shares have been purchased.

CRITICAL ACCOUNTING POLICIES

The critical accounting policies for the Company remain unchanged from prior
periods. For a more detailed discussion refer to the Company's latest September
30, 2002 annual report on Form 10-K.



                                       17
<PAGE>



ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Information with respect to the Company's exposure to interest rate risk,
foreign currency risk, commodity price risk and other relevant market risks is
contained on page 24 in Item 7A, Management's Discussion and Analysis of
Financial Condition and Results of Operations, of the Company's Annual Report on
Form 10-K for the year ended September 30, 2002. Management believes that as of
March 31, 2003, there has been no material change to this information.

FORWARD LOOKING STATEMENTS:

Management's discussion of the Company's 2003 quarterly periods in comparison to
2002, contains forward-looking statements regarding current expectations, risks
and uncertainties for future periods. The actual results could differ materially
from those discussed here. As well as those factors discussed in this report,
other factors that could cause or contribute to such differences include, among
other items, cancellation of production agreements by significant customers,
material increases in the cost of base paper stock, competition in the Company's
product areas, or an inability of management to successfully reduce operating
expenses in relation to net sales without damaging the long-term direction of
the Company. Therefore, the condensed financial data for the periods presented
may not be indicative of the Company's future financial condition or results of
operations.

ITEM 4. CONTROLS AND PROCEDURES

Under the supervision and with the participation of the Company's management,
including the Company's Chief Executive Officer and Chief Financial Officer, the
Company has evaluated the effectiveness of the design and operation of its
disclosure controls and procedures pursuant to Exchange Act Rule 13a-14(c)
within 90 days of the filing date of this quarterly report. Based on that
evaluation, the Chief Executive Officer and Chief Financial Officer have
concluded that these disclosure controls and procedures are effective. There
were no significant changes in the Company's internal controls or in other
factors that could significantly affect internal controls subsequent to the date
of their evaluation.



                                       18
<PAGE>




PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

         Not applicable.

ITEM 2. CHANGES IN SECURITIES

         None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

         None.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

The following summarizes the Annual Meeting highlights:

         (a)      The Annual Meeting of Shareholders of the Company was held on
                  March 12, 2003.

         (b)      See the response to Item 4 (c) below.

         (c)      At the Annual Meeting, shareholders elected the following
                  individuals to the Board of Directors for one-year terms:

<Table>
<Caption>
                  Director                                    For               Withheld
                  --------                                 ---------            --------
<S>                                                        <C>                  <C>
                  Robert J. Simon                          4,489,213             54,772
                  Samuel J. Bero                           4,509,035             34,950
                  C. Hamilton Davison, Jr.                 4,508,535             35,450
                  Louis LeCalsey III                       4,488,773             55,212
                  William J. Malooly                       4,509,035             34,950
                  Seymour S. Preston, III                  4,509,035             34,950
</Table>

                  The shareholders ratified the selection of Deloitte & Touche
                  LLP as independent auditors for the fiscal year ending
                  September 30, 2003. The results at the voting for the
                  ratification of Deloitte & Touche LLP are as follows:
<Table>
<Caption>
                        For               Against             Abstain
                     ---------            -------             -------
<S>                                       <C>                 <C>
                     4,530,585             10,100               3,300
</Table>

                  The shareholders approved the 2003 Non-Qualified Stock Option
                  Plan. The results at the voting for the approval of the 2003
                  Plan are as follows:

<Table>
<Caption>
                          For             Against             Abstain
                     ---------            -------             -------
<S>                                       <C>                 <C>
                     3,311,143            105,030             3,415
</Table>

         (d)      Not applicable.

ITEM 5. OTHER INFORMATION

         None.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

         EXHIBITS.

         99.1   Certification Pursuant to 18 U.S.C. Section 350, as Adopted
                Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

         Reports on Form 8-K



                                       19
<PAGE>



(a)      On February 27, 2003, The Company filed a Current Report on Form 8-K,
         dated February 21, 2003, reporting under Item 5 the Company's agreement
         to sell the assets of the Company's Paint Sundries Division to Trimaco,
         LLC, including the capital stock of Foremost Manufacturing, Inc., a
         wholly owned subsidiary of the Company, and the Company's Manning,
         South Carolina manufacturing plant.



                                       20
<PAGE>



                                   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 thereunto duly authorized.



                                     TUFCO TECHNOLOGIES, INC.





Date: May 13, 2003                   /s/ Louis LeCalsey, III
                                     ------------------------------------------
                                     Louis LeCalsey, III
                                     President and Chief Executive Officer






Date: May 13, 2003                   /s/ Michael B. Wheeler
                                     ------------------------------------------
                                     Michael B. Wheeler
                                     Vice President and Chief Financial Officer



                                       21
<PAGE>




I, Michael B. Wheeler, Vice President and Chief Financial Officer of Tufco
Technologies, Inc., certify that:

         1. I have reviewed this quarterly report on Form 10-Q of Tufco
         Technologies, Inc.;

         2. Based on my knowledge, this quarterly report does not contain any
         untrue statement of a material fact or omit to state a material fact
         necessary to make the statements made, in light of the circumstances
         under which such statements were made, not misleading with respect to
         the period covered by this quarterly report;

         3. Based on my knowledge, the financial statements, and other financial
         information included in this quarterly report, fairly present in all
         material respects the financial condition, results of operations and
         cash flows of the registrant as of, and for, the periods presented in
         this quarterly report;

         4. The registrant's other certifying officer and I are responsible for
         establishing and maintaining disclosure controls and procedures (as
         defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and
         we have:

         a) designed such disclosure controls and procedures to ensure that
         material information relating to the registrant, including its
         consolidated subsidiaries, is made known to us by others within those
         entities, particularly during the period in which this quarterly report
         is being prepared;

         b) evaluated the effectiveness of the registrant's disclosure controls
         and procedures as of a date within 90 days prior to the filing date of
         this quarterly report (the "Evaluation Date"); and

         c) presented in this quarterly report our conclusions about the
         effectiveness of the disclosure controls and procedures based on our
         evaluation as of the Evaluation Date;

         5. The registrant's other certifying officer and I have disclosed,
         based on our most recent evaluation, to the registrant's auditors and
         the audit committee of registrant's board of directors (or persons
         performing the equivalent functions):

         a) all significant deficiencies in the design or operation of internal
         controls which could adversely affect the registrant's ability to
         record, process, summarize and report financial data and have
         identified for the registrant's auditors any material weaknesses in
         internal controls; and

         b) any fraud, whether or not material, that involves management or
         other employees who have a significant role in the registrant's
         internal controls; and

         6. The registrant's other certifying officer and I have indicated in
         this quarterly report whether there were significant changes in
         internal controls or in other factors that could significantly affect
         internal controls subsequent to the date of our most recent evaluation,
         including any corrective actions with regard to significant
         deficiencies and material weaknesses.


Date: May 13, 2003


/s/Michael B. Wheeler
Vice President and Chief Financial Officer



                                       22
<PAGE>



I, Louis LeCalsey, President and Chief Executive Officer of Tufco Technologies,
Inc., certify that:

         1. I have reviewed this quarterly report on Form 10-Q of Tufco
         Technologies, Inc.;

         2. Based on my knowledge, this quarterly report does not contain any
         untrue statement of a material fact or omit to state a material fact
         necessary to make the statements made, in light of the circumstances
         under which such statements were made, not misleading with respect to
         the period covered by this quarterly report;

         3. Based on my knowledge, the financial statements, and other financial
         information included in this quarterly report, fairly present in all
         material respects the financial condition, results of operations and
         cash flows of the registrant as of, and for, the periods presented in
         this quarterly report;

         4. The registrant's other certifying officer and I are responsible for
         establishing and maintaining disclosure controls and procedures (as
         defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and
         we have:

         a) designed such disclosure controls and procedures to ensure that
         material information relating to the registrant, including its
         consolidated subsidiaries, is made known to us by others within those
         entities, particularly during the period in which this quarterly report
         is being prepared;

         b) evaluated the effectiveness of the registrant's disclosure controls
         and procedures as of a date within 90 days prior to the filing date of
         this quarterly report (the "Evaluation Date"); and

         c) presented in this quarterly report our conclusions about the
         effectiveness of the disclosure controls and procedures based on our
         evaluation as of the Evaluation Date;

         5. The registrant's other certifying officer and I have disclosed,
         based on our most recent evaluation, to the registrant's auditors and
         the audit committee of registrant's board of directors (or persons
         performing the equivalent functions):

         a) all significant deficiencies in the design or operation of internal
         controls which could adversely affect the registrant's ability to
         record, process, summarize and report financial data and have
         identified for the registrant's auditors any material weaknesses in
         internal controls; and

         b) any fraud, whether or not material, that involves management or
         other employees who have a significant role in the registrant's
         internal controls; and

         6. The registrant's other certifying officer and I have indicated in
         this quarterly report whether there were significant changes in
         internal controls or in other factors that could significantly affect
         internal controls subsequent to the date of our most recent evaluation,
         including any corrective actions with regard to significant
         deficiencies and material weaknesses.


Date: May 13, 2003



/s/Louis LeCalsey
President and Chief Executive Officer





                                       23
<PAGE>


                               INDEX TO EXHIBITS

<Table>
<Caption>
Exhibit
Number                            Description
-------                           -----------
<S>       <C>
 99.1      Certification Pursuant to 18 U.S.C. Section 350, as Adopted Pursuant
           to Section 906 of the Sarbanes-Oxley Act of 2002
</Table>