<Page>

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-Q

(Mark One)

[X]     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended JUNE 30, 2001

                                       OR

[ ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______________to____________

Commission File No.: 333-64893

                              EVENFLO COMPANY, INC.
             (Exact name of registrant as specified in its charter)

         DELAWARE                                      31-1360477
(State or other jurisdiction               (I.R.S. Employer Identification No.)
of incorporation or organization)

                          Northwoods Business Center II
                              707 Crossroads Court
                              Vandalia, Ohio 45377
               (Address of principal executive offices, Zip Code)

                                 (937) 415-3300
              (Registrant's telephone number, including area code)

              (Former name, former address and former fiscal year,
                        if changed since last report)

         Indicate by check mark whether the registrant (1) has filed all reports
required by Section 13 or 15(d) of the Securities 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 filing requirements for the
past 90 days.

                               Yes /X/  No

The number of shares of common stock outstanding of the registrant's common
stock, par value $1.00 per share, at June 30, 2001 was 10,219,372.


<Page>

                           EVENFLO COMPANY, INC. AND SUBSIDIARIES

                                            INDEX

<Table>
<Caption>

                                                                             PAGES
                                                                             -----
<S>                                                                          <C>
Part I.           Financial Information

                  Condensed Consolidated Balance Sheets -
                           December 31, 2000 and June 30, 2001                  2

                  Condensed Consolidated Statements of Operations -
                  For the Three & Six Months Ended June 30, 2000 and 2001       3

                  Condensed Consolidated Statements of Cash Flows -
                  For the Three & Six Months Ended June 30, 2000 and 2001       4

                  Notes to Condensed Consolidated Financial Statements          5 - 9

                  Independent Accountants' Review Report                        10

                  Management's Discussion and Analysis of the Condensed
                           Consolidated Financial Statements                    11 - 16

Part II.          Other Information

                  Item 1.           Legal Proceedings                           17

                  Item 6.           Exhibits and Reports on Form 8-K            17

                  Signatures                                                    18

</Table>

                                                     1.


<Page>

EVENFLO COMPANY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2000 AND JUNE 30, 2001       (DOLLAR AMOUNTS IN THOUSANDS, EXCEPT
                                                  PER SHARE AMOUNTS)
-------------------------------------------------------------------------------
<Table>
<Caption>

                                                                                  (Unaudited)

                                                           DECEMBER 31,            JUNE 30,
                                                               2000                  2001
                                                          --------------          ----------
<S>                                                       <C>                     <C>
ASSETS

CURRENT ASSETS:
Cash                                                      $ 26,739                 $  2,317
Receivables, less allowance of $ 701 and $835               74,378                   71,340
Inventories                                                 70,252                   72,981
Deferred income taxes                                        3,980                    4,069
Prepaid expenses                                             1,532                    1,589
                                                          --------------          ----------
                   TOTAL CURRENT ASSETS                    176,881                  152,296

Property, plant and equipment                              133,289                  137,415
Accumulated depreciation                                   (75,697)                 (82,634)
                                                          --------------          ----------
Property, plant and equipment, net                          57,592                   54,781
Intangible assets, net                                      43,230                   42,456
Deferred income taxes                                       24,066                   28,682
Other                                                        5,856                    5,960
                                                          --------------          ----------
                   TOTAL ASSETS                           $307,625                 $284,175
                                                          --------------          ----------
                                                          --------------          ----------

LIABILITIES, PREFERRED STOCK AND COMMON SHAREHOLDERS' EQUITY

CURRENT LIABILITIES:
Accounts payable                                          $ 38,469                 $ 40,936
Bankers acceptances and letters of credit                   18,837                   18,888
Accrued expenses                                            25,057                   23,643
                                                          --------------          ----------
                   TOTAL CURRENT LIABILITIES                82,363                   83,467

Senior notes                                               110,000                  110,000
Revolving credit loans                                      57,900                   39,400
Pension and post-retirement benefits                         6,258                    6,258
                                                          --------------          ----------
                   TOTAL LIABILITIES                       256,521                  239,125

Commitments and contingencies

Preferred stock $.01 par value, 10,000,000 shares
  authorized, 400,000 shares outstanding (liquidation
  value, $56,229 includes dividends of 16,229).             40,000                   40,000
Common Shareholders' Equity:
  Class A,  $1 par value, 20,000,000 shares authorized;
    10,213,372 and 10,219,372, respectively, shares
    outstanding.                                            10,213                   10,219
  Class B,  $1 par value, 5,000,000 shares authorized;
    none outstanding                                             0                        0
Paid-in capital                                             62,241                   62,265
Retained earnings (deficit)                                (56,669)                 (63,263)
Accumulated other comprehensive earnings
  (loss)-currency translation adjustments                   (4,681)                  (4,171)
                                                          --------------          ----------
                   TOTAL LIABILITIES AND
                   SHAREHOLDERS' EQUITY                   $307,625                 $284,175
                                                          --------------          ----------
                                                          --------------          ----------

</Table>

See Notes to Condensed Consolidated Financial Statements.

                                        2.

<Page>

EVENFLO COMPANY, INC. AND SUBSIDIARIES
CONDENSED STATEMENTS OF CONSOLIDATED EARNINGS (LOSS)
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2000 AND 2001
(DOLLAR AMOUNTS IN THOUSANDS)            (Unaudited)
--------------------------------------------------------------------------------
<Table>
<Caption>

                                                       THREE MONTHS ENDED                      SIX MONTHS ENDED
                                                            JUNE 30,                                JUNE 30,
                                                  ---------------------------           ------------------------------
                                                    2000              2001                 2000             2001
                                                  ---------        ----------           -----------      ----------
<S>                                               <C>              <C>                  <C>              <C>
NET SALES                                           $83,152          $79,947             $179,704          $163,423

      Cost of sales                                  64,232           62,480              138,573           129,350
                                                   ---------       ----------            ---------        ----------

GROSS PROFIT                                         18,920           17,467               41,131            34,073

      Selling,general and administrative expenses    17,257           16,154               35,897            32,266
      Restructuring costs                                 0              951                    -             2,399
                                                   ---------       ----------            ---------        ----------

INCOME (LOSS) FROM OPERATIONS                         1,663              362                5,234              (592)

      Interest expense, net                           4,560            4,848                8,957             9,735
      Currency (gain) loss, net                         512              (72)                 423                89
                                                   ---------       ----------            ---------        ----------

LOSS BEFORE INCOME TAXES                             (3,409)          (4,414)              (4,146)          (10,416)

      Income tax benefit                             (1,193)          (1,434)              (1,730)           (3,822)
                                                   ---------       ----------            ---------        ----------

NET LOSS                                           $ (2,216)        $ (2,980)            $ (2,416)         $ (6,594)
                                                   =========       ==========            =========        ==========

</Table>

See Notes to Condensed Consolidated Financial Statements.

                                        3.

<Page>

EVENFLO COMPANY, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30, 2000 AND 2001
(DOLLAR AMOUNTS IN THOUSANDS)
-------------------------------------------------------------------------------
<Table>
<Caption>

                                                                            (Unaudited)                    (Unaudited)

                                                                             JUNE 30,                        JUNE 30,
INCREASE (DECREASE) IN CASH                                                    2000                            2001
---------------------------                                            --------------------            -------------------
<S>                                                                    <C>                             <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss                                                                            $(2,416)                      $ (6,594)
Adjustments to reconcile net earnings (loss) to net cash used in
   operating activities:
      Depreciation                                                                    7,560                          6,939
      Intangibles amortization                                                          774                            774
      Deferred income taxes                                                          (2,381)                        (4,705)
      Deferred financing cost amortization                                              374                            423
      Change in working capital components:
            Receivables                                                              (9,222)                         3,038
            Inventories                                                              (8,729)                        (2,729)
            Current liabilities                                                      13,343                          1,104
            Other, including currency translation adjustment                           (346)                           393
                                                                        --------------------            -------------------
               NET CASH USED IN OPERATING ACTIVITIES                                 (1,043)                        (1,357)
                                                                        --------------------            -------------------

CASH USED IN INVESTING ACTIVITIES - CAPITAL EXPENDITURES                             (2,104)                        (4,022)
                                                                        --------------------            -------------------

CASH FLOWS FROM FINANCING ACTIVITIES -
            BORROWINGS FROM (REPAYMENTS TO) REVOLVING CREDIT FACILITY                 1,500                        (18,500)
            DEFERRED FINANCING COSTS                                                      0                           (573)
            PROCEEDS FROM ISSUANCE OF COMMON STOCK                                        0                             30
                                                                        --------------------            -------------------
      NET CASH PROVIDED BY (USED IN) FINANCING
      ACTIVITIES                                                                      1,500                        (19,043)
                                                                        --------------------            -------------------

CASH -          net change                                                           (1,647)                       (24,422)
                beginning of period                                                   3,110                         26,739
                                                                        --------------------            -------------------
                end of period                                                       $ 1,463                       $  2,317
                                                                        --------------------            -------------------
                                                                        --------------------            -------------------

SUPPLEMENTAL CASH FLOW DATA

Interest paid                                                                         8,769                          9,890
Income taxes paid                                                                       651                            883

</Table>

See Notes to Condensed Consolidated Financial Statements.

                                        4.

<Page>

                     EVENFLO COMPANY, INC. AND SUBSIDIARIES
                         NOTES TO CONDENSED CONSOLIDATED
                              FINANCIAL STATEMENTS
     For the Three and Six Months ended June 30, 2000 and 2001. (Unaudited)

(Dollars in thousands)

1.       BASIS OF PRESENTATION

                  The condensed consolidated balance sheet as of June 30, 2001
         and the related statement of operations and cash flows for the three
         and six months ended June 30, 2000 and 2001 included herein have been
         prepared by Evenflo Company, Inc. and its Subsidiaries (the "Company")
         and are unaudited. The condensed balance sheet as of December 31, 2000
         is derived from the Company's audited financial statements. In the
         opinion of the Company's management, the accompanying unaudited
         condensed consolidated financial statements contain all adjustments,
         which are of a normal recurring nature, necessary to present fairly, in
         all material respects, the Company's financial position as of June 30,
         2001, results of operations and cash flows for the three and six months
         ended June 30, 2000 and 2001. The results of operations for the three
         and six months ended June 30, 2001 are not necessarily indicative of
         the results to be expected for the full year 2001. Therefore, the
         accompanying unaudited condensed financial statements of the Company
         should be read in conjunction with the financial statements included in
         the Company's Form 10-K.

2.       ACCOUNTING POLICIES

                  In July 2001, the Financial Accounting Standards Board
         ("FASB") issued Statement of Financial Accounting Standards No. 141
         ("SFAS 141"), "Business Combinations". SFAS 141 requires the purchase
         method of accounting for business combinations initiated after June 30,
         2001 and eliminates the pooling-of-interests method. The Company has
         not determined the impact, if any, that SFAS 141 will have on its
         financial statements.

                  In July 2001, the FASB issued Statement of Financial
         Accounting Standards No. 142 ("SFAS 142"), "Goodwill and Other
         Intangible Assets", which is effective January 1, 2002. SFAS 142
         requires, among other things, the discontinuance of goodwill
         amortization. In addition, the standard includes provisions for the
         reclassification of certain existing recognized intangibles as
         goodwill, reassessment of the useful lives of existing recognized
         intangibles, reclassification of certain intangibles out of previously
         reported goodwill and the identification of reporting units for
         purposes of assessing potential future impairments of goodwill. SFAS
         142 also requires the Company to complete a transitional goodwill
         impairment test six months from the date of adoption. The Company has
         not determined the impact that SFAS 142 will have on its financial
         statements.

                                          5.


<Page>

3.       INVENTORIES.

                  Inventories are valued at the lower of cost or market (net
         realizable value). Cost for United States inventories has been
         determined by use of the last-in, first-out method. Cost for non-U.S.
         inventories has been determined by use of the first-in, first-out
         method.

<Table>
<Caption>

                                                  DECEMBER 31, 2000   JUNE 30, 2001
                                                  -----------------   -------------
<S>                                               <C>                 <C>
         Finished goods                               $23,694           $28,775
         Work in process                               15,933            14,392
         Raw material                                  30,625            29,814
                                                      --------          --------
                  Total inventories                   $70,252           $72,981
                                                      ========          ========

</Table>


4.       CREDIT FACILITY

                  On August 20, 1998, as part of the Recapitalization, the
         Company entered into a secured credit facility (the "Credit Facility")
         with a syndicate of banks and other financial institutions. On March
         16, 2001, the Company amended its Credit Facility to modify certain
         financial covenants, effective December 31, 2000, limit the
         availability to $95,000 while the leverage ratio is above 4.0 to 1.0,
         increase interest rates and provide additional collateral. The Credit
         Facility currently provides for $95,000 of commitments for revolving
         credit loans (the"Revolving Credit Loans"), which may be used for
         working capital needs and general purposes, for special facility
         obligations (letters of credit and bankers' acceptances) and for
         borrowings on same-day notice ("Swingline Loans"). Special facility
         obligations are limited to a maximum of $55,000, bankers' acceptances
         are limited to a maximum of $40,000 and Swingline Loans are limited to
         a maximum of $5,000. The Credit Facility terminates on August 19, 2005.
         At June 30, 2001, the Company had borrowing availability of
         approximately $23,810 under the Credit Facility subject to certain
         conditions (after giving effect to $39,400 of revolving credit loans
         and $31,790 of letters of credit and banker's acceptances, including
         $9,641 of commitments for stand-by letters of credit and for $3,261
         letters of credit that have not yet been executed).

                  The Credit Facility prohibits the Company from repurchasing
         any Notes or the Company's outstanding preferred stock, subject to
         limited exceptions. The Company's obligations under the Credit Facility
         are secured by a pledge of the common stock of its material direct
         domestic subsidiaries and 65% of the common stock of its material
         direct foreign subsidiaries, with certain exceptions, as well as
         accounts receivable, inventory, equipment, other real property and
         certain intangible assets, including intellectual property, with
         certain exceptions. In addition, indebtedness under the Credit Facility
         is guaranteed by the domestic subsidiaries of the Company, with certain
         exceptions.

                  The Credit Facility contains customary covenants, events of
         default, and restrictions on the Company's ability to engage in certain
         activities including (i) limitations on liens, (ii) limitations on
         consolidations and mergers of the Company and sales of the assets of
         the Company, (iii) restrictions on the purchase, redemption or
         acquisition of any capital stock,

                                          6.


<Page>

         equity interest or any other obligations or other securities and
         restrictions on the advances, loans, extension of credit or capital
         contributions to, or investment in, other entities, (iv) restrictions
         on additional indebtedness to be incurred by the Company, (v)
         restrictions on payments of dividends or other distribution of assets,
         (vi) limits on capital expenditures, and (vii) compliance with certain
         financial covenants relating to an interest coverage ratio and a
         leverage ratio.

5.       COMPREHENSIVE INCOME (LOSS).

                   The Company's comprehensive income consists of foreign
         currency translation adjustments related to its non-U.S. subsidiaries
         net earnings (loss). For the comparative three and six months ended
         June 30, 2000 and 2001, comprehensive income (loss) was as follows:

<Table>
<Caption>

                                                       Three Months Ended                 Six Months Ended
                                                            June 30,                           June 30,
                                                   --------------------------           ------------------------
                                                     2000              2001               2000              2001
                                                   --------          --------           --------          --------
<S>                                               <C>               <C>                <C>               <C>
         Net loss                                  $(2,216)          $(2,980)           $(2,416)          $(6,594)
         Foreign currency translation                 (515)              499               (258)              510
                                                   --------          --------           --------          --------
         Comprehensive earnings (loss)             $(2,731)          $(2,481)           $(2,674)          $(6,084)
                                                   --------          --------           --------          --------
                                                   --------          --------           --------          --------

</Table>

6.       SHAREHOLDERS EQUITY

                  PREFERRED STOCK. On August 20, 1998, the Company issued
         Cumulative Preferred Stock with a liquidation preference of $40,000.
         The holder of the Cumulative Preferred Stock is entitled to receive,
         when, and if declared by the Board of Directors, dividends on each
         outstanding share of Cumulative Preferred Stock, at a variable rate
         based on the ten-year treasury rate, based on the then effective
         liquidation preference per share of Cumulative Preferred Stock.
         Dividends on the Cumulative Preferred Stock are payable quarterly in
         arrears on August 15, November 15, February 15 and May 15 of each year,
         commencing November 15, 1998. The dividend rate with respect to the
         Cumulative Preferred Stock bears a variable rate of interest indexed to
         the ten year U. S. Treasury rate. The interest rate used to calculate
         the dividends in arrears was approximately 14.16% per annum. The right
         to dividends on the Cumulative Preferred Stock is cumulative and
         dividends accrue (whether or not declared), without interest, from the
         date of issuance of the Cumulative Preferred Stock. Because the Board
         of Directors has not declared any preferred dividends through June 30,
         2001, the amount of the Cumulative Preferred Stock dividends in arrears
         as of that date is $16,229.

                                      7.


<Page>

7.       RESTRUCTURING

                  In 2001, the Company approved a plan to restructure certain
         administrative and operational functions. Management assessed the
         impact that this would have on employment levels and during the first
         quarter of 2001 recorded severance and other payroll related costs of
         $1,448 for 35 salaried personnel that had been terminated. Severance
         and other payroll related costs of $348 and $467 were charged against
         this reserve during the three months ended March 31, 2001 and the three
         months ended June 30, 2001, respectively.

                  In June 2001, Company management approved a plan to close the
         plant in Jasper, Alabama and outsource certain functions to enable the
         Company to continue to offer competitive prices on its high quality
         products. In connection with this decision, the Company recorded a
         charge of $1,050. This charge consisted of $282 of employee termination
         benefits, $70 of facility shutdown costs, $48 in other costs, $400 of
         inventory write-downs, and $250 in impairment costs associated with
         idle equipment. Inventory write-down, equipment impairment and facility
         shut down costs of $720 were recorded in Cost of Goods Sold. All other
         costs were recorded in Selling, General and Administrative Costs.
         Employee termination benefits represent severance payments for 10
         salaried personnel and 77 collective bargaining personnel.

                  The Company also recorded an additional charge during the
         second quarter of 2001 of $621 for severance and other payroll related
         costs of 34 salaried personnel associated with the previously approved
         plan to restructure certain administrative and operational functions.
         This amount is recorded in Selling, General and Administrative
         Expenses.

                  The Company expects to dispose of the impaired assets and pay
         the remaining amounts related to these reserves by the end of 2001.

8.       CONTINGENCIES

                  The Company is both plaintiff and defendant in numerous
         lawsuits incidental to its operations, some alleging substantial
         claims. In addition, the Company's operations are subject to federal,
         state and local environmental laws and regulations. The Company has
         entered into settlement agreements with the U. S. Environmental
         Protection Agency and other parties on several sites and is still
         negotiating on other sites. The settlement amounts and estimated
         liabilities are not significant.

                  Management is of the opinion that, after taking into account
         the merits of defenses, insurance coverage and established reserves,
         the ultimate resolution of these matters will not have a material
         adverse effect in relation to the Company's consolidated financial
         statements. However, due to the inherent uncertainty of litigation, it
         is possible that the Company may be subject to adverse judgements
         which, singularly or in the aggregate, could be substantial in amount
         and may not be covered by insurance or reserves. In addition, no
         assurances can be given that in the future a claim will not be brought
         against the Company which would have a material adverse effect on the
         Company.

                                       8.


<Page>

                  Under an indemnification agreement entered into on August 20,
         1998, Spalding agreed to indemnify the Company for all losses and
         liabilities of any kind relating to any non-Company matters and the
         Company agreed to indemnify Spalding for all losses and liabilities of
         any kind relating to the Company's business. In addition, Spalding
         agreed to indemnify the Company for the expense of product recalls and
         corrective actions relating to products manufactured by the Company
         prior to August 20, 1998.

                  The Company has insurance to cover the cost of recalls and
         corrective actions. The policy has a deductible of $500 per occurrence
         and a limit of $10,000 per year.

9.       SEGMENT REPORTING

<Table>
<Caption>

                                                         Three Months Ended                 Six Months Ended
                                                              June 30,                           June 30
                                                     -------------------------         ---------------------------
                                                       2000             2001             2000               2001
                                                     --------         --------         --------           --------
<S>                                                  <C>              <C>              <C>                <C>
         GEOGRAPHIC LOCATION

         NET SALES
                  United States                       $71,639         $66,765          $156,906           $136,436
                  Other nations                        11,513          13,182            22,798             26,987
                                                     --------         --------         --------           --------
                           Total net sales            $83,152         $79,947          $179,704           $163,423
                                                     --------         --------         --------           --------
                                                     --------         --------         --------           --------

         EARNINGS (LOSS) BEFORE INCOME TAXES
                  United States                       $   373         $ 1,889          $  2,803           $  1,657
                  Other nations                           778             216             2,008                781
                  Restructuring                             0          (1,671)                0             (3,119)
                  Interest expense, net                (4,560)         (4,848)           (8,957)            (9,735)
                                                     --------         --------         --------           --------
                  Earnings (loss) before
                  income taxes                        $(3,409)        $(4,414)         $ (4,146)          $(10,416)
                                                     --------         --------         --------           --------
                                                     --------         --------         --------           --------


</Table>

<Table>
<Caption>

                                                              December 31, 2000        June 30, 2001
                                                              -----------------        -------------
<S>                                                           <C>                      <C>
         IDENTIFIABLE ASSETS
                  United States                                    $283,153               $258,528
                  Other nations                                      24,472                 25,647
                                                                   ---------              ---------
                           Total assets                            $307,625               $284,175
                                                                   ---------              ---------
                                                                   ---------              ---------

</Table>


                                                     9.


<Page>

                   INDEPENDENT ACCOUNTANTS' REVIEW REPORT

The Board of Directors & Shareholders
Evenflo Company, Inc.:

We have reviewed the accompanying condensed consolidated balance sheet of
Evenflo Company, Inc. and subsidiaries (the "Company") as of June 30, 2001, and
the related condensed consolidated statements of operations and cash flows for
the three and six months ended June 30, 2001 and 2000. These financial
statements are the responsibility of the Company's management.

We conducted our review in accordance with standards established by the American
Institute of Certified Public Accountants. A review of interim financial
information consists principally of applying analytical procedures to financial
data and of making inquiries of persons responsible for financial and accounting
matters. It is substantially less in scope than an audit conducted in accordance
with auditing standards generally accepted in the United States of America, the
objective of which is the expression of an opinion regarding the financial
statements taken as a whole. Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material modifications that should
be made to such condensed financial statements for them to be in conformity with
accounting principles generally accepted in the United States of America.

We have previously audited, in accordance with auditing standards generally
accepted in the United States of America, the consolidated balance sheet of the
Company at December 31, 2000, and the related consolidated statements of
operations and comprehensive earnings (loss), cash flows and preferred stock and
common shareholders' equity for the year then ended (not presented herein); and
in our report dated March 16, 2001, we expressed an unqualified opinion on those
consolidated financial statements. In our opinion, the information set forth in
the accompanying condensed consolidated balance sheet as of December 31, 2000,
is fairly stated, in all material respects, in relation to the consolidated
balance sheet from which it has been derived.

DELOITTE & TOUCHE LLP

Dayton, Ohio
August 2, 2001

                                       10.


<Page>

                      EVENFLO COMPANY, INC.AND SUBSIDIARIES
                   MANAGEMENT'S DISCUSSION AND ANALYSIS OF THE
                   CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          (DOLLAR AMOUNTS IN THOUSANDS)

RESULTS OF OPERATIONS

THREE MONTHS ENDED JUNE 30, 2001 ("2001 THREE MONTHS") AND SIX MONTHS ENDED JUNE
30, 2001 ("2001 SIX MONTHS") COMPARED TO THE THREE MONTHS ENDED JUNE 30, 2000
("2000 THREE MONTHS") AND SIX MONTHS ENDED JUNE 30, 2000 ("2000 SIX MONTHS").

         NET SALES. The Company's net sales declined to $79,947 in the 2001
three months from $83,152 for the 2000 three months, a decrease of $3,205 or
3.9%. The Company's 2001 six months net sales of $163,423 compare to $179,704
for the 2000 six months, a $16,281 decrease or 9.1%. U.S. net sales,
including export sales, of $66,765 for the 2001 three months were $4,874 or
6.8% below U.S. sales for the 2000 three months of $71,639. U.S. net sales,
including export sales, of $136,436 for the 2001 six months, decreased
$20,470 or 13.0%, from $156,906 for the 2000 six months due to reduced sales
to major retail customers in most product categories. The decline in U.S. net
sales can be attributed to (i) the timing of new product introductions,
including the Express(TM) Booster Car Seat and Easy Comfort(TM) High Chair,
where initial orders were shipped heavily to retailers late in the fourth
quarter 2000 instead of the 2001 six months and (ii) a slowing U.S economy
that caused retailers to cut back on reordering to control the build up of
retailers inventory. International net sales increased 14.5% to $13,182 in
the 2001 three months from $11,513 for the 2000 three months. In the 2001 six
months, international net sales increased by $4,189, or 18.4%, to $26,987
from $22,798 for the 2000 six months. International net sales for both the
2001 three and six months increased principally due to increased sales in
Mexico.

         GROSS PROFIT. The Company's gross profit decreased to $17,467 in the
2001 three months from $18,920 in the 2000 three months. As a percentage of
net sales, gross profit decreased to 21.8% in the 2001 three months from
22.8% in the 2000 three months. For the 2001 six months, gross profit
decreased by $7,058 or 17.2% to $34,073 from $41,131 for the 2000 six months.
The decrease in the 2001 three months was due to restructuring charge of $720
or 0.9% of net sales, for the closure of the Jasper, Alabama plant and
reduced net sales volume vs. prior year. Cost improvements from lower
supplier prices and greater factory through put partially offset the
decrease. The decrease in the 2001 six months was due to (i) the $720 or 0.4%
of net sales restructuring charge for the Jasper, Alabama plant closure, (ii)
lower operating margins resulting from reduced manufacturing volume.

         SELLING, GENERAL AND ADMINISTRATIVE ("SG&A") EXPENSES. The Company's
SG&A expenses decreased to $16,154, excluding restructuring costs of $951, in
the 2001 three months from $17,257 in the 2000 three months. As a percentage
of net sales, SG&A expenses were 20.2% in the 2001 and 20.8% in the 2000
three months, respectively. For the 2001 six months SG&A expenses were
$32,266, excluding restructuring costs of $2,399, a $3,631 or 10.1% decrease
from the $35,897 reported for the 2000 six months. SG&A expenses in the 2001
three and six months were reduced primarily by lower marketing support costs
and reduced administrative costs. Following is a discussion of restructuring:

                                   11.


<Page>

         RESTRUCTURING COST.  In 2001, the Company approved a plan to
restructure certain administrative and operational functions. Management
assessed the impact that this would have on employment levels and during the
first quarter of 2001 recorded severance and other payroll related costs of
$1,448 for 35 salaried personnel that had been terminated. Severance and
other payroll related costs of $348 and $467 were charged against this
reserve during the three months ended March 31, 2001 and the three months
ended June 30, 2001, respectively.

In June 2001, Company management approved a plan to close the plant in
Jasper, Alabama and outsource certain functions to enable the Company to
continue to offer competitive prices on its high quality products. In
connection with this decision, the Company recorded a charge of $1,050. This
charge consisted of $282 of employee termination benefits, $70 of facility
shutdown costs, $48 in other costs, $400 of inventory write-downs, and $250
in impairment costs associated with idle equipment. Inventory write-down,
equipment impairment and facility shut down costs of $720 were recorded in
Cost of Goods Sold. All other costs were recorded in Selling, General and
Administrative Costs. Employee termination benefits represent severance
payments for 10 salaried personnel and 77 collective bargaining personnel.

The Company also recorded an additional charge during the 2001 three months
ended June 30, 2001 of $621 for severance and other payroll related costs of
34 salaried personnel associated with the previously approved plan to
restructure certain administrative and operational functions. This amount is
recorded in Selling, General and Administrative Expenses.

The Company expects to dispose of the impaired assets and pay the remaining
amounts related to these reserves by the end of 2001.

         INTEREST EXPENSE. Interest expense increased to $4,848 in the 2001
three months and $9,735 in the 2001 six months from $4,560 in the 2000 three
months and $8,957 in the 2000 six months. The increase was due primarily to
increased borrowings under the revolving credit facility, somewhat offset by
lower interest rates.

         CURRENCY (GAIN) LOSS. The $72 currency gain in the 2001 three months
and $89 loss in the 2001 six months compare to a $512 currency loss in the
2000 three months and $423 loss in the 2000 six months. The impact of
currency is due primarily to the currency effect of U.S. dollar denominated
transactions with non-U.S. subsidiaries.

         INCOME TAXES (BENEFIT). The Company recorded a tax benefit in both
the 2001 and 2000 three months and 2001 and 2000 six months associated with
losses from U.S. operations. The tax benefit for both the 2001 three and six
months was offset in part by tax expense from the Company's Mexico
subsidiary. The tax benefit for both the 2000 three and six months loss from
U.S. operations was offset in part by tax expense from the Company's Mexico
subsidiary.

                                     12.


<Page>

LIQUIDITY AND CAPITAL RESOURCES

         GENERAL. The Company's principal sources of liquidity are from cash
balances, cash flows generated from operations and from borrowings under the
Company's $100,000 revolving credit facility. The Company's principal uses of
liquidity are to provide working capital, meet debt service requirements and
finance the Company's strategic investments. At June 30, 2001, the Company
had $2,317 of cash. The revolving credit facility subjects the Company to
certain restrictions and covenants related to, among other things, minimum
interest coverage, maximum leverage ratio restrictions on capital
expenditures, and no dividend payments. At June 30, 2001, the Company had
$39,400 in borrowings outstanding under the revolving credit facility and
utilized $18,888 banker's acceptances and letters of credit. In addition, the
Company had $9,641 in stand-by letters of credit and $3,261 of letters of
credit that have not yet been executed. The Company had $23,810 in available
borrowing capacity under its revolving credit facility. In addition, the
Company has outstanding $110,000 of 11 3/4% Series B Senior Notes due 2006,
issued on August 20, 1998 and $40,000 liquidation preference of Cumulative
Preferred Stock that bears a variable rate of interest indexed to the
ten-year U.S. Treasury Rate. As of March 31, 2001 the average dividend rate
on the Cumulative Preferred Stock was approximately 14.16%.

         The syndicate of financial institutions under the revolving credit
facility and the Company agreed to amend certain financial covenants included
in the revolving credit facility for the period commencing with the third
fiscal quarter 2000. This amendment ("Amendment No. 1") modified financial
covenants relating to an interest coverage ratio and a leverage ratio,
increased the bankers' acceptance limit and increased the additional margin
on the "eurodollar rate" and the "base rate" interest calculation.

         The syndicate of financial institutions under the revolving credit
facility and the Company agreed to further amend certain financial covenants
included in the revolving credit facility for the period commencing with the
fourth fiscal quarter of 2000. This amendment ("Amendment No. 2") (i)
modified financial covenants relating to an interest coverage ratio and a
leverage ratio, (ii) imposed stricter limits on the Company's ability to make
capital expenditures, (iii) required that the Company pledge certain
additional assets, (iv) modified certain other sections of the revolving
credit facility to tighten the covenants on the Company and (v) further
increased the additional margin on the "eurodollar rate" and the "base rate"
interest calculation.

         The Company anticipates cash outlays of approximately $13,500 during
2001 for capital expenditures for new products, cost reduction and
replacement of assets, which it expects to be paid out of existing cash
balances, cash generated from operations and borrowings under the revolving
credit facility.

         The Company currently believes that cash flow from operating
activities, together with borrowings available under its revolving credit
facility, and cash on hand will be sufficient to fund the Company's currently
anticipated working capital, capital expenditures, interest payments and
other liquidity needs for the Company's 2001 year. Any future acquisitions,
joint ventures or other similar transactions will likely require approval by
the syndicate under the revolving credit facility and additional capital and
there can be no assurance that any such capital will be available to the
Company on acceptable terms or at all. There can be no assurance, however,
that the Company's

                                   13.


<Page>

business will continue to generate sufficient cash flow from operations in
the future to service its debt, meet the Company's increasingly restrictive
debt covenants, make necessary capital expenditures or meet its other cash
needs. If unable to do so, the Company may be required to refinance all or a
portion of its existing debt, to sell assets, as permitted by the revolving
credit facility or to obtain additional financing. There can be no assurances
that any such refinancings would be possible or that any such sales of assets
or additional financing could be achieved on terms acceptable to the Company.

         The Company and/or affiliates of the Company, including entities
related to Kohlberg Kravis Roberts & Co., L. P. may, from time to time
depending on market conditions, purchase senior notes previously issued by
the Company in the open market or by other means.

CASH FLOWS

         2001 SIX MONTHS COMPARED TO THE 2000 SIX MONTHS. For the 2001 six
months, the Company used $1,357 in cash for operating activities, and
invested $4,022 in capital expenditures. The Company decreased its borrowing
by $18,500 under the revolving credit facility. At June 30, 2001 the Company
had $2,317 in cash.

         The $314 lower cash provided from operating activities for 2001 six
months compared to the 2000 six months was primarily due to the increase in
net loss and changes in working capital components.

         Capital expenditures during the 2001 and 2000 six months relate
primarily to new product development, and projects to improve product quality
and reduce operating costs of the business.

EBITDA AND ADJUSTED EBITDA

         EBITDA is defined as earnings before interest expense, income taxes,
depreciation, amortization, and extraordinary items. Adjusted EBITDA is
defined as EBITDA and restructuring costs. EBITDA and Adjusted EBITDA are
included because the Company believes it provides useful information
regarding its ability to service its debt and because the Company understands
that such information is considered to be an additional basis for evaluating
the Company's ability to pay interest and repay debt. EBITDA and Adjusted
EBITDA do not, however, represent cash flow from operations as defined by
generally accepted accounting principles and should not be considered as a
substitute for net earnings as an indicator of the Company's operating
performance or cash flow as a measure of liquidity. Because EBITDA and
Adjusted EBITDA are not calculated identically by all companies, the
presentation herein may not be comparable to similarly titled measures of
other companies.

         The Company's Adjusted EBITDA increased to $6,070 in the 2001 three
months from $5,556 in the 2000 three months and decreased in the 2001 six
months to $10,625 from $13,569 in the 2000 six months as indicated in the
table below.

                                     14.


<Page>

<Table>
<Caption>

                                                         Three Months Ended                   Six Months Ended
                                                              June 30,                            June 30,
                                                     ---------------------------        ---------------------------
                                                       2000              2001              2000              2001
                                                     ---------         ---------        ---------         ---------
<S>                                                  <C>               <C>              <C>               <C>
NET EARNINGS (LOSS)                                   $(2,216)          $(2,980)         $(2,416)          $(6,594)

         Income taxes (benefit)                        (1,193)           (1,434)          (1,730)           (3,822)
         Interest expense, net                          4,560             4,848            8,957             9,735
         Depreciation and amortization                  4,405             3,965            8,758             8,187
                                                      --------          --------         --------          --------
EBITDA                                                  5,556             4,399           13,569             7,506
                                                      --------          --------         --------          --------
         Restructuring costs                                0             1,671                0             3,119
                                                      --------          --------         --------          --------

ADJUSTED EBITDA                                       $ 5,556           $ 6,070          $13,569           $10,625
                                                      --------          --------         --------          --------
                                                      --------          --------         --------          --------


</Table>

CURRENCY HEDGING

         In the 2001 six months, approximately 16.5% of the total Company net
sales were generated in non-U.S. currencies. Fluctuations in the value of these
currencies relative to the U.S. dollar could have a material effect on the
Company's results of operations. The Company's cost could be adversely affected
if the Chinese Renminbi appreciates significantly relative to the U.S. dollar.
Although the Company generally pays for its products in U.S. dollars, the cost
of such products fluctuates with the value of the Chinese Renminbi. The Company
is exposed to the impact of changes in foreign currency exchange rates on its
results of operations as a result of U.S. dollar-denominated intercompany
balances owed from international subsidiaries, primarily for purchases of
products from the Company's U.S. operations and long-term notes receivable. The
impact of a hypothetical unfavorable change in foreign currency exchange rates
of 10% would result in additional losses before taxes of approximately $1,600
based on intercompany balances as of December 31, 2000 and June 30, 2001.

INTEREST RATE RISK

         The Company is subject to market risk from exposure to changes in
interest rates based on its financing, investing and cash management activities.
The Company has the 11.75% Notes due 2006 and the revolving credit facility to
maintain the desired level of exposure to risk of interest rate fluctuations and
to minimize interest expense. The Company utilizes a mix of debt maturities
along with both fixed- and variable-rate debt to manage its exposure to changes
in interest rates. Recent increases in the cost of borrowing under the Revolving
Credit Facility and higher utilization of the Company's revolving credit
facility are expected to increase interest expense in 2001. There can be no
assurances that interest rates will not materially change from existing levels.

                                     15.


<Page>

FORWARD LOOKING STATEMENTS

         Certain statements made in this Management's Discussion and Analysis of
the Consolidated Financial Statements and in the Notes to Condensed Consolidated
Financial Statements reflect management's estimates and beliefs and are intended
to be, and are hereby identified as, "forward-looking statements" for purposes
of the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Such forward-looking terminology, includes but is not limited to words
such as "may," "intend," "will," "expect," "anticipate," "plan," "the Company
believes," "management believes," "estimate," "continue," or "position" or the
negative thereof or other variations thereon or comparable terminology. In
particular, any statements, express or implied, concerning future operating
results or the ability to generate revenues, income or cash flow are forward
looking statements.

         Forward looking statements are necessarily dependent upon
assumptions, estimates and data that may be incorrect or imprecise and
involve known and unknown risks, uncertainties and other important factors
that could cause the actual results, performance or achievements of the
Company or any of its subsidiaries, or industry results, to differ materially
from any future results, performance or achievements expressed or implied by
such forward-looking statements. Although the Company believes that the
expectations will prove to have been correct. Accordingly, the Company hereby
identifies the following important factors as some of the factors that could
cause the Company's financial results to differ materially from any such
results that might be projected, forecast, estimated or budgeted by the
Company in forward-looking statements: Heightened competition, including
specifically the intensification of price competition, the development and
introduction of new products and entry by competitors into new product
markets; higher selling, general and administrative expenses, including
advertising and promotion; significant indebtedness of the Company; the
restrictive covenants included in its debt arrangements; need to continue
introduction of products that represent an improvement over our existing
products, or which are more successful than competitors' innovations; failure
to obtain new customers or retain existing key customers or the effects of
inventory reductions by key accounts; ability to maintain and increase shelf
space for our products at key accounts; inability to carry out domestic and
foreign marketing and sales plans; decline in international sales due to
economic disruptions in certain foreign countries, or due to fluctuations in
currency exchange rates; increased manufacturing costs, including inability
or reduced ability to have products manufactured overseas and the cost of raw
materials; loss of the services of one or more key personnel; changes in
operating strategy or development plans; any protracted labor relations
dispute; changes in the Company's capital expenditure plan; continued
consolidation in the retail industry; general domestic and foreign economic
downturns; changes in or failure to comply with government regulations; and
product recalls, corrective actions and liability claims and product
liability litigation and the impact on sales of adverse publicity and news
coverage due to any recall, corrective action or litigation.

         The foregoing review of factors pursuant to the Private Litigation
Securities Reform Act of 1995 should not be construed as exhaustive or as any
admission regarding the adequacy of disclosures made by the Company prior to
this filing. All subsequent written and oral forward-looking statements
attributable to the Company or persons acting on its behalf are expressly
qualified in their entirety by such factors.

                                   16.


<Page>

Part II.          Other Information.

Item 1.           Legal Proceedings

                  There are various claims pending against the Company involving
                  product liability, patent, employee benefit, environmental,
                  and other matters arising out of the conduct of the business
                  of the Company as previously described in the Company's Form
                  10-K and Form 10-Q. The following summarizes significant
                  developments in previously reported matters and any material
                  claims asserted since March 31, 2001.

                  None.

Item 6.           EXHIBITS AND REPORTS ON FORM 8-K

A.                The following is an index of the exhibits included in the
                  Form 10-Q:

                  None.

B.                The following Reports on Form 8-K were filed by Evenflo
                  Company, Inc. during the quarter ended June 30, 2001.

                  Evenflo Company News Release for the year ended December 31,
                  2000 filed April 2, 2001.


                                             17.
<Page>
                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been signed on behalf of the registrant by the following duly authorized
persons.

                                    Evenflo Company, Inc. and Subsidiaries
                                    --------------------------------------
                                    (Registrant)

Date  August 13, 2001               /s/ Wayne W. Robinson
      ---------------               --------------------------------------
                                    Wayne W. Robinson
                                    Chief Executive Officer

Date  August 13, 2001               /s/ Daryle A. Lovett
      ---------------               --------------------------------------
                                    Daryle A. Lovett
                                    Senior Executive Vice President Finance and
                                           Chief Financial Officer




                                    18.