UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                    FORM 10-Q




             [X]      QUARTERLY  REPORT  PURSUANT TO SECTION 13 OR 15(d) OF
                      THE SECURITIES EXCHANGE ACT OF 1934
                                  For the quarterly period ended March 31, 2003

                                  OR

             [  ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                      SECURITIES AND EXCHANGE ACT OF 1934
                      For the transition period from
                                                     ----------------------

                          Commission File Number 1-5426
                          -----------------------------


                             THOMAS INDUSTRIES INC.
--------------------------------------------------------------------------------
                (Exact name of Registrant as specified in its Charter)

       DELAWARE                                    61-0505332
-----------------------                 ----------------------------------------
(State of incorporation)                (I.R.S. Employer Identification Number)

4360 BROWNSBORO ROAD, LOUISVILLE, KENTUCKY                               40207
------------------------------------------                             --------
 (Address of principal executive offices)                             (Zip Code)

                                  502/893-4600
--------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)


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 Exchange Act Rule 12b-2) Yes X No __

As of May 5,  2003,  17,168,442  shares of the  registrant's  Common  Stock were
outstanding (net of treasury share).




<PAGE>



PART I. - FINANCIAL INFORMATION

ITEM 1.  Financial Statements (Unaudited)

                     THOMAS INDUSTRIES INC. AND SUBSIDIARIES
             CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
                     (In Thousands Except Amounts Per Share)
                                                           Three Months Ended
                                                                March 31
                                                    ----------------------------
                                                            2003         2002
                                                    ----------------------------
Net sales                                                 $ 92,346      $ 46,057
Cost of products sold                                       59,231        29,162
                                                    ----------------------------
Gross profit                                                33,115        16,895

Selling, general and administrative
  expenses                                                  24,578        10,833
Equity income from GTG                                       6,143         6,002
                                                    ----------------------------
Operating income                                            14,680        12,064

Interest expense                                             1,086           619
Interest income and other income (expense)                     (39)          242
                                                    ----------------------------
Income before income taxes and minority interest            13,555        11,687

Income taxes                                                 4,742         4,266
                                                    ----------------------------
Income before minority interest                              8,813         7,421

Minority interest, net of tax                                    7          --
                                                    ----------------------------
Net income                                                $  8,806      $  7,421
                                                    ============================

Net income per share:
    Basic                                                 $   0.51      $   0.49
    Diluted                                               $   0.50      $   0.47

Dividends declared per share:                             $  0.085      $  0.085

Weighted average shares outstanding:
    Basic                                                   17,139        15,243
    Diluted                                                 17,507        15,762

See notes to condensed consolidated financial statements.

<PAGE>

<TABLE>

                              THOMAS INDUSTRIES INC. AND SUBSIDIARIES
                               CONDENSED CONSOLIDATED BALANCE SHEETS
                                       (Dollars in Thousands)
<CAPTION>


                                                                          (Unaudited)
                                                                            March 31        December31
                                                                              2003            2002 *
                                                                          ---------------------------

<S>                                                                           <C>           <C>
ASSETS
Current assets:
   Cash and cash equivalents                                                  $ 19,318      $ 18,879
   Accounts receivable, less allowance
      (2003--$2,617; 2002--$2,270)                                              55,873        50,067
   Inventories:
         Finished products                                                      25,745        23,108
         Raw materials                                                          18,176        17,722
         Work in process                                                        13,362        11,970
                                                                          ---------------------------
                                                                                57,283        52,800
   Deferred income taxes                                                         4,194         4,407
   Other current assets                                                          6,016         5,325
                                                                          ---------------------------
Total current assets                                                           142,684       131,478


Investment in GTG                                                              197,005       188,810
Property, plant and equipment                                                  157,903       153,751
   Less accumulated depreciation and amortization                              (66,235)      (62,160)
                                                                          ---------------------------
                                                                                91,668        91,591
Goodwill                                                                        55,263        55,669
Other intangible assets, net                                                    19,610        19,299
Other assets                                                                     3,612         4,169
                                                                          ---------------------------
Total assets                                                                 $ 509,842     $ 491,016
                                                                          ===========================

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
   Notes payable                                                                  $ 58       $ 1,460
   Accounts payable                                                             13,636        15,496
   Accrued expenses and other current liabilities                               24,379        21,442
   Dividends payable                                                             1,457         1,455
   Income taxes payable                                                          3,065           233
   Current portion of long-term debt                                             9,413         9,362
                                                                          ---------------------------
Total current liabilities                                                       52,008        49,448

Deferred income taxes                                                            5,129         5,163
Long-term debt, less current portion                                           108,491       104,047
Long-term pension liability                                                     10,621        10,621
Other long-term liabilities                                                      7,143         7,336
                                                                          ---------------------------
Total liabilities                                                              183,392       176,615

Minority interest                                                                   46            34

Shareholders' equity:
   Preferred stock, $1 par value, 3,000,000 shares authorized - none issued          -             -
   Common stock, $1 par value, shares authorized: 60,000,000; shares
     issued: 2003 - 17,985,087; 2002 - 17,947,630                               17,985        17,948
   Capital surplus                                                             134,798       133,964
   Deferred compensation                                                         1,135           846
   Treasury stock held for deferred compensation                                (1,135)         (846)
   Retained earnings                                                           192,700       185,351
   Accumulated other comprehensive loss                                         (7,020)      (10,837)
   Less cost of 822,339 treasury shares                                        (12,059)      (12,059)
                                                                          ---------------------------
Total shareholders' equity                                                     326,404       314,367
                                                                          ---------------------------
Total liabilities and shareholders' equity                                   $ 509,842     $ 491,016
                                                                          ===========================

* Derived from the audited  December 31, 2002,  consolidated  balance sheet.
See notes to condensed consolidated financial statements.

</TABLE>


<PAGE>

<TABLE>

                                         THOMAS INDUSTRIES INC. AND SUBSIDIARIES
                                     CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW
                                                 (Dollars in Thousands)
<CAPTION>

                                                                                                  THREE MONTHS ENDED
                                                                                                        MARCH 31
                                                                                             -----------------------------
                                                                                                 2003           2002
                                                                                             -----------------------------

<S>                                                                                                <C>            <C>
OPERATING ACTIVITIES
Net income                                                                                         $ 8,806        $ 7,421
Adjustments to reconcile net income to net
    cash provided by operating activities:
      Depreciation and intangible amortization                                                       3,869          2,023
      Deferred income taxes                                                                            124            (78)
      Equity income from GTG                                                                        (6,143)        (6,002)
      Distributions from GTG                                                                             -              -
      Other items                                                                                       36             27
      Changes in operating assets and liabilities net of effect of acquisitions:
          Accounts receivable                                                                       (5,140)        (2,456)
          Inventories                                                                               (3,459)          (616)
          Accounts payable                                                                          (2,081)          (307)
          Income taxes payable                                                                       2,846          3,207
          Accrued expenses and other current liabilities                                             2,309           (890)
          Other                                                                                       (446)          (612)
                                                                                             -----------------------------
Net cash provided by operating activities                                                              721          1,717

INVESTING ACTIVITIES
Purchases of property, plant and equipment                                                          (1,952)        (1,275)
Sales of property, plant and equipment                                                                  13             86
                                                                                             -----------------------------
Net cash used in investing activities                                                               (1,939)        (1,189)

FINANCING ACTIVITIES
Payments on short-term debt                                                                         (1,421)             -
Payments on long-term debt                                                                          (7,849)        (7,744)
Proceeds from long-term debt                                                                        12,000              -
Dividends paid                                                                                      (1,455)        (1,295)
Other                                                                                                  356            304
                                                                                             -----------------------------
Net cash provided by (used in) financing activities                                                  1,631         (8,735)

Effect of exchange rate changes                                                                         26           (199)
                                                                                             -----------------------------
Net increase (decrease) in cash and cash equivalents                                                   439         (8,406)
Cash and cash equivalents at beginning of period                                                    18,879         29,500
                                                                                             -----------------------------
Cash and cash equivalents at end of period                                                        $ 19,318       $ 21,094
                                                                                             =============================


See notes to condensed consolidated financial statements.

</TABLE>

<PAGE>



                     THOMAS INDUSTRIES INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Note A - Basis of Presentation
------------------------------

The accompanying unaudited condensed consolidated financial statements have been
prepared in accordance  with  accounting  principles  generally  accepted in the
United States for interim financial  reporting and with the instructions to Form
10-Q and Article 10-01 of Regulation S-X.  Accordingly,  they do not include all
the  information  and  footnotes  required by  accounting  principles  generally
accepted in the United States for complete financial statements.

The results of operations for the  three-month  period ended March 31, 2003, are
not  necessarily  indicative  of the results  that may be expected  for the year
ending  December  31,  2003.  In the  opinion  of  management,  all  adjustments
considered  necessary for a fair  presentation  have been included.  For further
information,  refer  to the  consolidated  financial  statements  and  footnotes
included in the Company's Annual Report on Form 10-K for the year ended December
31, 2002.

Note B - Acquisition
--------------------

On August 29,  2002,  the  Company  purchased  substantially  all the assets and
liabilities of Werner  Rietschle  Holding GmbH  ("Rietschle"),  a privately held
company  based in  Schopfheim,  Germany.  Rietschle  has been a world  leader in
vacuum and pressure  technology,  which includes  dry-running and oil-lubricated
pumps,  blowers,  compressors,  and pressure/vacuum pumps utilizing rotary vane,
screw, roots and claw technologies. With the strong Rietschle brand, Thomas will
continue to pursue further opportunities through cross branding of products, and
through  growth in markets such as  printing,  packaging,  woodworking  and many
other  applications that fit Rietschle  technologies,  including fuel cells. The
purchase price consisted of $83.3 million in cash and 1,800,000  treasury shares
of the Company's common stock. The Company negotiated a $120.0 million revolving
credit  facility  with a group of  banks to  finance  the  cash  portion  of the
purchase  price,  of which $90.0 million was  outstanding  as of March 31, 2003.
Rietschle's  operating  results are included in the Company's  results since the
date of acquisition.

A tentative  purchase  price  allocation was made and reflected in the March 31,
2003  financial  statements.  This  allocation  is  preliminary  as the  Company
finalizes information,  including appraisals, about the fair value of assets and
liabilities  acquired.  Accordingly,  the  amounts  recorded  will change as the
allocation is finalized.

Supplemental  pro  forma  information  below for the three  months  ended  March
31,2002,  is presented as though the business  combination had been completed as
of the  beginning  of the period  being  reported  on.  The pro forma  financial
information  does not  necessarily  reflect the results of operations that would
have  occurred if the Company and  Rietschle  constituted a single entity during
such period.

         (In thousands, except per share data)               Three Months Ended
                                                                March 31, 2002
                                                                --------------
         Net sales                                                     $79,034
         Net income                                                    $ 8,307
         Earnings per share - diluted                                  $   .47

<PAGE>


The aggregate purchase price consists of (in thousands):

         Cash                                                          $83,288
         Fair value of Thomas common stock                              44,754
         Transaction costs                                               5,097
                                                                 ---------------
          Total aggregate purchase price                              $133,139
                                                                 ===============

The following  summarizes the estimated  fair values of the assets  acquired and
liabilities assumed at the date of acquisition (in thousands):

   Cash                                           $  3,487
   Accounts receivable                              25,121
   Inventories                                      29,228
   Other current assets                              4,638
   Property, plant and equipment                    47,976
   Other intangibles                                17,558
   Other assets                                      3,113
   Current liabilities                             (21,977)
   Long-term debt                                  (19,536)
   Other long-term liabilities                      (5,629)
                                              ---------------
                                                    83,979

   Goodwill                                         49,160
                                              ---------------
   Aggregate purchase price                       $133,139
                                              ===============

Certain  allocations  above are based on  management's  preliminary  estimate of
assets acquired and liabilities assumed.  The valuations of property,  plant and
equipment  and other  intangible  assets  are based on  preliminary  results  of
independent appraisals,  which are still being reviewed. The property, plant and
equipment is being depreciated on a straight-line basis over an estimated useful
life ranging from three to thirty years. The other  intangible  assets are being
amortized  on a  straight-line  basis over a useful life range of five to twelve
years, except for $11,525,000 of trademarks, which are not being amortized.

The goodwill  associated with the Rietschle  acquisition is all allocated to the
Pump and Compressor Segment.

Note C - Contingencies
----------------------

In the normal  course of business,  the Company is a party to legal  proceedings
and claims. When costs can be reasonably estimated,  appropriate liabilities for
such matters are recorded.  While  management  currently  believes the amount of
ultimate  liability,  if any, with respect to these actions will not  materially
affect the  financial  position,  results of  operations,  or  liquidity  of the
Company,  the  ultimate  outcome  of  any  litigation  is  uncertain.   Were  an
unfavorable outcome to occur, the impact could be material to the Company.

<PAGE>


Note D - Comprehensive Income
-----------------------------

The reconciliation of net income to comprehensive income follows:

(In  thousands)                                            Three Months
                                                           Ended March 31

                                                        2003             2002
                                                        ----             ----

Net income                                             $8,806          $7,421
Other comprehensive income (loss):
    Minimum pension liability                             (27)              -
        Related tax expense                                 9               -
    Foreign currency translation                        3,835            (523)
                                                       ------          ------
Total change in other comprehensive
    income (loss)                                       3,817            (523)
                                                        -----          ------

Total comprehensive income                            $12,623          $6,898
                                                      =======          ======



Note E - Net Income Per Share
-----------------------------

The  computation of the numerator and denominator in computing basic and diluted
net income per share follows:

    (In  thousands)                                        Three Months
                                                          Ended March 31

                                                         2003             2002
                                                         ----             ----
Numerator:
    Net income                                         $8,806            $7,421
                                                        =====             =====

Denominator:
    Weighted average shares outstanding                17,139            15,243

    Effect of dilutive securities:
     Director and employee stock options                  322               482
     Employee performance shares                           46                37
                                                       ------            ------
     Dilutive potential common shares                     368               519
                                                       ------            ------
     Denominator for diluted earnings per
        share--adjusted weighted average
          shares and assumed conversions               17,507            15,762
                                                       ======            ======


<PAGE>


Note F - Segment Disclosures
----------------------------
                                                             Three Months
    (In  thousands)                                         Ended March 31
                                                            ---------------
                                                          2003            2002
                                                          ----            ----
Total net sales including intercompany sales
       Pump and Compressor                             $112,127         $51,957
Intercompany sales
       Pump and Compressor                              (19,781)         (5,900)
                                                        -------         -------
Net sales to unaffiliated customers
       Pump and Compressor                             $ 92,346         $46,057
                                                        =======          ======

Operating income
       Pump and Compressor                              $10,325         $ 7,547
       Lighting*                                          6,143           6,002
       Corporate                                         (1,788)         (1,485)
                                                         ------          ------
                                                        $14,680         $12,064

*Three months ended March 31 consists of equity income of $6,222,000 in 2003 and
$6,053,000 in 2002 from our 32% interest in the joint  venture,  Genlyte  Thomas
Group LLC (GTG),  less  $79,000 in 2003 and $51,000 in 2002,  related to expense
recorded for Thomas Industries stock options issued to GTG employees.

Note G - Goodwill and Other Intangible Assets
---------------------------------------------

The changes in net carrying  amount of goodwill for the three months ended March
31, 2003 were as follows (in thousands):

   Balance as of December 31, 2002                         $ 55,669
   Translation adjustment and other                            (406)
                                                         --------------
   Balance as of March 31, 2003                            $ 55,263
                                                         ==============

The  goodwill  included  in the  balance  sheets  is  related  to the  Pump  and
Compressor Segment.

Certain  intangible  assets  have  definite  lives and are being  amortized.  In
accordance with SFAS No. 142, the Company  evaluated the remaining  useful lives
of intangible assets as of January 1, 2002, and where appropriate,  revisions to
the remaining period of amortization  were made.  Amortizable  intangible assets
consist of the following (in thousands):

<TABLE>

                               March 31, 2003                                 December 31, 2002
                  -----------------------------------------     ----------------------------------------------
                                           Accumulated                                        Accumulated
                   Life       Cost         Amortization            Life          Cost         Amortization
                   ----       ----         ------------            ----          ----         ------------

   <S>             <C>        <C>          <C>                     <C>       <C>                <C>
   Licenses        18-19      $   471      $   187                 18-19     $   466            $  65
   Patents         5-20         5,306          351                 5-20        5,137              230
   Other           1-10         2,720          565                 1-10        2,633              491
                           ------------ -------------------                  ------------- -------------------
   Total                       $8,497       $1,103                           $8,236              $786
                           ============ ===================                  ============= ===================

</TABLE>


<PAGE>

The March 31, 2003 cost amount  includes  $7.9 million  related to the Rietschle
acquisition  allocated to patents and other  intangibles.  The total  intangible
amortization  expense  for the three  months  ended  March 31, 2003 and 2002 was
$291,000 and $6,000, respectively.

The estimated  amortization  expense stated in thousands of dollars for the next
five years beginning January 1, 2003 through December 31, 2007 is as follows:

      2003         $809
      2004          692
      2005          692
      2006          692
      2007          684

As  of  March  31,  2003,  $11,525,000  has  been  preliminarily   allocated  to
non-amortizable trademarks, in connection with the Rietschle acquisition.

Also included in other intangible  assets is an intangible asset associated with
the minimum pension  liability of $691,000 as of March 31, 2003 and December 31,
2002.

Note H - Long-lived Assets
--------------------------

Consistent  with SFAS No. 144,  "Accounting  for the  Impairment  or Disposal of
Long-Lived  Assets," the Company evaluates  long-lived assets for impairment and
assesses their recoverability based upon anticipated future cash flows. If facts
and circumstances lead the Company's  management to believe that the cost of one
of its assets may be  impaired,  the Company  will  evaluate the extent to which
that cost is  recoverable  by  comparing  the  future  undiscounted  cash  flows
estimated to be associated  with that asset to the asset's  carrying  amount and
write down that carrying amount to market value to the extent necessary.

Note I - Genlyte Thomas Group LLC
---------------------------------

The following table contains  certain  unaudited  financial  information for the
Joint Venture.


                            Genlyte Thomas Group LLC
                         Condensed Financial Information
                             (Dollars in Thousands)

                                                        (Unaudited)
                                                        March 31,   December 31,
                                                          2003         2002
                                                          ----         ----
       GTG balance sheets:
          Current assets                                $412,500      $405,138
          Long-term assets                               270,192       267,843
          Current liabilities                            174,245       187,211
          Long-term liabilities                           66,860        69,795


<PAGE>



                                                            Three Months
                                                           Ended March 31
                                                           2003          2002
                                                           ----          ----
       GTG income statements (unaudited):
          Net sales                                     $237,913      $232,026
               Gross profit                               81,830        80,220
          Earnings before interest and taxes              21,163        21,083
          Net income                                      19,445        18,916


    Amounts recorded by Thomas Industries Inc.:
          Equity income from GTG                         $6,222         $6,053
          Stock option expense                              (79)           (51)
                                                         ------       ---------
          Equity income reported by Thomas               $6,143       $  6,002
                                                         ======       ========


Note J - Stock-Based Compensation
---------------------------------

Stock options are granted under various stock compensation programs to employees
and  independent  directors.  The Company  accounts for stock  option  grants in
accordance  with  Accounting  Principles  Board Opinion No. 25,  "Accounting for
Stock Issued to Employees"  ("APB 25").  For purposes of pro forma  disclosures,
the  estimated  fair value of the  options  is  amortized  to  expense  over the
options' vesting period.

Included in stock option activity, but accounted for in accordance with SFAS No.
123, are options  granted to GTG  employees,  for which the Company has recorded
compensation  expense.  This  compensation  expense,  shown net of tax,  is also
included in the pro forma information below.

The  Company's  pro forma  information  in  accordance  with SFAS No.  123 is as
follows:

<TABLE>

                                                                   Three Months Ended
                                                                         March 31
                                                          ----------------------------------

                                                                2003            2002
                                                          ---------------------------------

<S>                                                           <C>            <C>
Net income (as reported)                                      $     8,806    $     7,421
Add: Stock-based compensation expense for GTG employees
   included in reported net income, net of related tax
   effects.                                                            46             42
Deduct:  Total stock-based employee compensation
   determined under fair value based method for all
   awards, net of related tax effects.
                                                                     (194)          (211)
                                                          ---------------------------------
Net income (pro forma)                                        $     8,658    $     7,252
                                                          =================================

Net income per share (Basic) -        As reported                  $ .51          $ .49
                                          Pro forma                  .51            .48

Net income per share (Diluted) -     As reported                     .50            .47
                                          Pro forma                  .50            .46

</TABLE>


<PAGE>

Note K - Product Warranty Costs
-------------------------------

The Company  generally  offers  warranties  for most of its products for periods
from one to five years.  The specific terms and  conditions of these  warranties
vary  depending  on the  product  sold and  country  in which the  Company  does
business.  The  Company  estimates  the  costs  that may be  incurred  under its
warranty and records a liability in the amount of such costs at the time product
revenue is  recognized.  Factors that affect the  Company's  warranty  liability
include that number of units sold,  historical and anticipated rates of warranty
claims,  and cost per claim. The Company  periodically  assesses the adequacy of
its recorded warranty liability and adjusts the amount as necessary.

Changes in the Company's warranty liability for the three months ended March 31,
2003 are as follows (in thousands):

   Balance as of December 31, 2002                                $ 2,674
   Warranties issued during the quarter                               755
   Settlements made during the quarter                               (497)
                                                                 ------------
   Balance as of March 31, 2003                                   $ 2,932
                                                                 ============

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

CRITICAL ACCOUNTING POLICIES AND ESTIMATES
Thomas'  discussion  and  analysis  of its  financial  condition  and results of
operations are based upon Thomas' consolidated financial statements,  which have
been prepared in accordance with accounting principles generally accepted in the
United States.  When preparing  these  consolidated  financial  statements,  the
Company is required to make  estimates  and  judgments  that affect the reported
amounts of assets, liabilities, revenues and expenses, and related disclosure of
contingent  assets  and  liabilities.   The  Company  evaluates  its  estimates,
including,  but not limited to, those related to product warranties,  bad debts,
inventories,    equity   investments,   income   taxes,   pensions   and   other
post-retirement benefits,  contingencies,  and litigation. The Company bases its
estimates on historical  experience  and on various other  assumptions  that are
believed to be reasonable under the circumstances, the results of which form the
basis for making  judgments  about the carrying values of assets and liabilities
that are not readily apparent from other sources. Actual results may differ from
these estimates under different assumptions or conditions.

In  response to the  Securities  and  Exchange  Commission's  (SEC)  Release No.
33-8040,  "Cautionary  Advice  Regarding  Disclosure  About Critical  Accounting
Policies",  the Company  identified the following critical  accounting  policies
which  affect  its  more  significant   judgments  and  estimates  used  in  the
preparation  of its  consolidated  financial  statements.  Based  on  the  SEC's
suggestions, included with the accounting policies are potential adverse results
which could occur if different assumptions or conditions were to prevail.

The Company  maintains  allowances  for doubtful  accounts for estimated  losses
resulting from the inability of its customers to make required payments.  If the
financial  condition of Thomas'  customers were to deteriorate,  resulting in an
impairment  of their  ability to make  payments,  additional  allowances  may be
required.  Thomas provides for the estimated cost of product  warranties.  While
the Company engages in extensive product quality programs and processes,  should
actual product failure rates differ from  estimates,  revisions to the estimated
warranty  liability  would be required.  Thomas  writes down its  inventory  for
estimated obsolescence or unmarketable inventory equal to the difference between
the cost of inventory  and the  estimated  market  value based upon  assumptions
about future demand and market


<PAGE>

Item 2.  Management's  Discussion  and Analysis - Continued

conditions.  If actual market conditions are less favorable than those projected
by management, additional inventory write-downs may be required. With respect to
the Rietschle acquisition in 2002, the Company utilized an independent appraisal
in determining the fair value of assets and liabilities  acquired.  The purchase
price  allocation  has not yet been  finalized,  and as a  result,  the  amounts
recorded  could  change  as  the  allocation  is  finalized.  If  actual  market
conditions  or  other  factors  differ  in the  future  from  those  used by the
independent  appraiser,  then additional asset  write-downs may be required.  In
accordance  with  Statement of Financial  Accounting  Standards  (SFAS) No. 142,
"Goodwill  and Other  Intangible  Assets,"  Thomas  tests at least  annually for
impairment of goodwill and  indefinite  lived  intangible  assets.  If facts and
circumstances  lead the Company's  management to believe that the cost of one of
these assets may be impaired,  then further  evaluations  would be performed and
possible  write-downs could occur. In accordance with SFAS No. 144,  "Accounting
for the  Impairment  or Disposal of  Long-Lived  Assets," the Company  evaluates
long-lived  assets for impairment and assesses their  recoverability  based upon
anticipated  future cash flows.  If facts and  circumstances  lead the Company's
management  to  believe  that the cost of one of its  long-lived  assets  may be
impaired,  then further evaluations would be performed and possible  write-downs
could occur.

Thomas  holds a 32 percent  minority  interest in the Genlyte  Thomas  Group LLC
(GTG) joint venture,  which comprises  Thomas' lighting segment and is accounted
for using the equity method.  If future adverse changes in market  conditions or
poor  operating  results  of GTG  occurred,  it could  result  in  losses  or an
inability to recover the carrying  value of the  Company's  investment,  thereby
possibly requiring an impairment charge in the future. GTG's critical accounting
policies are determined separately by The Genlyte Group Incorporated, which owns
68 percent of GTG and consolidates the GTG results.

RESULTS OF OPERATIONS
On August 29,  2002,  the  Company  purchased  substantially  all the assets and
liabilities of Werner  Rietschle  Holding GmbH  ("Rietschle"),  a privately held
company  based in  Schopfheim,  Germany.  See Note B in the  notes to  condensed
consolidated financial statements. Rietschle's operating results are included in
the Company's operating results since the date of acquisition.

The  Company's  net income was $8.8 million in the first quarter ended March 31,
2003,  compared  to $7.4  million in the first  quarter  ended  March 31,  2002.
Included in this amount was  approximately  $1.0 million  related to Rietschle's
operating  results after netting  interest expense on acquisition debt and other
transaction  related  expenses.  Excluding the impact of  Rietschle's  operating
results,  net income for the 2003 first  quarter would have been $7.8 million or
4.7% higher than the  comparable  2002  period,  primarily  due to higher  sales
volume in both the Pump and Compressor Segment and Lighting Segment.

PUMP AND COMPRESSOR SEGMENT
Net sales during the first  quarter  ended March 31, 2003,  increased  100.5% to
$92.3 million compared to $46.1 million for the first quarter of 2002.  Included
in 2003 was  $39.9  million  related  to  Rietschle  net  sales.  Excluding  the
Rietschle net sales,  2003 net sales would have increased 13.9%.  Also favorably
impacting the 2003 net sales were the effects of exchange  rates. If measured in
constant  exchange  rates and when  excluding the Rietschle net sales,  2003 net
sales would have increased 7.5%. The following  comments regarding net sales are
based on  comparisons  of the 2003 and 2002 first  quarters  when  excluding the
Rietschle net sales and the effects of exchange rates. North American operations
reported  increases in 2003 sales compared to 2002 due to continued  strength in
the automotive  market.  Europe also reported  higher net sales due to increases
from  the  automotive,  medical,  and  certain  industrial  markets.  Net  sales
decreased in the Asia Pacific  operations  due to softness in the  environmental
and medical markets.


<PAGE>

Item 2. Management's Discussion and Analysis - Continued

Gross profit for the Pump and Compressor Segment was $33.1 million,  or 35.9% of
sales in the first quarter of 2003,  compared to $16.9 million,  or 36.7% in the
first quarter of 2002.  Excluding  Rietschle's  operating  results in 2003,  the
Company's gross profit percent would have been 35.4%. The reduction in the gross
profit percentage was primarily due to the negative impact from a new product in
North America,  which is in the process of being  transferred to China for lower
cost production. The impact in the first quarter of 2003 related to this was $.5
million.

The Pump and Compressor  Segment's selling,  general and  administrative  (SG&A)
expenses were $22.8  million,  or 24.7% of sales,  in the first quarter of 2003,
compared to $9.3 million,  or 20.3%,  in the same period in 2002.  These exclude
corporate  expenses which are discussed in a separate  section below. The higher
percent of sales in 2003 for SG&A expenses,  when including Rietschle, is due to
the  increased  number of Rietschle  sales and service  offices  throughout  the
world,  which  require  a higher  level  of SG&A  costs  to  operate.  Excluding
Rietschle's  SG&A  expenses,  the 2003 SG&A expenses would be at 19.9% of sales,
which is down slightly from the 2002 percentage.

Operating  income for the first quarter ended March 31, 2003,  was $10.3 million
or 36.8% higher than the $7.5 million in the first quarter of 2002.  Included in
the 2003 first quarter were $2.6 million related to Rietschle  operating income.
Excluding  Rietschle,  the first quarter  operating  income would have increased
2.7%.  Also favorably  impacting the 2003  operating  income were the effects of
exchange  rates.  If measured in constant  exchange rates and when excluding the
Rietschle operating income, the 2003 operating income would have decreased 2.7%.
The following  comments  regarding  operating income are based on comparisons of
the 2003 and 2002 first quarters when excluding the Rietschle  operating  income
and the effects of exchange rates. The North American operations posted improved
operating income results primarily due to increased sales volume. These improved
results were partially offset by lower margins on a new product, which is in the
process of being  transferred to China for lower cost  production.  The European
operations  reported lower operating  income in the first quarter of 2003 versus
2002,  primarily  due to  unfavorable  product mix.  The Asia Pacific  operating
income was lower than the comparable 2002 periods due to lower sales volume.

LIGHTING SEGMENT
The Genlyte Group (Genlyte) and Thomas formed the Genlyte Thomas Group LLC (GTG)
on August 30, 1998. The Lighting  Segment's  operating  income  includes our 32%
interest  in the GTG  joint  venture,  as well as  expenses  related  to  Thomas
Industries stock options issued to GTG employees.  The Lighting Segment earnings
increased  2.3% to $6.1 million in the first  quarter of 2003,  compared to $6.0
million in the same period in 2002.  This  increase is due  primarily  to a 2.5%
increase in sales.

    Thomas'  investment  in GTG is  accounted  for  using the  equity  method of
accounting.  Under the terms of the LLC Agreement,  any time on or after January
31,  2002,  Thomas has the right (a "put  right"),  but not the  obligation,  to
require  the Joint  Venture  (GTG) to  purchase  all,  but not less than all, of
Thomas' ownership interest in GTG at the applicable purchase price. The purchase
price shall be equal to the "Fair  Market  Value" of GTG  multiplied  by Thomas'
ownership  percentage  in GTG.  The "Fair  Market  Value" means the value of the
total  interest  in GTG  computed  as a going  concern,  including  the  control
premium.

Also under the terms of the LLC Agreement,  on or after the final  settlement or
disposition  of Genlyte's  case  related to the Keene  Creditors  Trust  lawsuit
against Genlyte and others,  either Thomas or Genlyte has the right, but not the
obligation to buy the other parties' interest in GTG (the "Offer Right"). If


<PAGE>

Item 2. Management's Discussion and Analysis - Continued

Thomas and Genlyte  cannot  agree on the terms,  then GTG or the business of GTG
shall be sold to the highest bidder. Either party may participate in bidding for
the  purchase of GTG or the  business of GTG. On March 14,  2003,  the  Southern
District of New York Federal  District  Court  dismissed  the Genlyte case noted
above.  On April 14, 2003,  the Creditors  Trust filed a Notice of Appeal to the
United States Court of Appeals for the Second  Circuit from the final  judgement
entered on March 17, 2003.  The Notice claims to bring up for review all orders,
opinions, and decisions previously entered in the action.  Therefore,  as of May
12, 2003, no final  settlement or disposition has occurred and neither party has
the ability to exercise this right.

In the event of a Change of Control  (i) of Thomas,  GTG has the right,  but not
the obligation,  to purchase Thomas' interest for a purchase price equal to Fair
Market Value of GTG multiplied by Thomas' ownership interest or (ii) of Genlyte,
Thomas has the right, but not the obligation,  to sell its interest to the Joint
Venture for a purchase  price equal to Fair Market  Value of GTG  multiplied  by
Thomas' ownership  interest.  The definition of "Change of Control" includes the
acquisition by any person of 25% or more of Thomas' outstanding common stock.

In the event of a Deadlock (as defined below), Thomas may exercise its Put Right
in  accordance  with the LLC  Agreement or Genlyte may, in its sole  discretion,
cause the entire Joint Venture or business of GTG to be sold. A "Deadlock" shall
be deemed to exist if (i) the Management Board of GTG fails to agree on a matter
for which Special  Approval is required in accordance with the LLC Agreement and
(ii)  such  disagreement  continues  for 90 days.  The  definition  of  "Special
Approval"includes  the approval of at least a majority of the  management  board
representatives,   including,  in  all  instances,  approval  by  at  least  one
representative appointed by Thomas.

CORPORATE
As  disclosed  in Note F (Segment  Disclosures)  in the  consolidated  financial
statements, consolidated operating income includes corporate expenses. Corporate
expenses  were $1.8 million for the three months ended March 31, 2003,  compared
to $1.5 million for 2002. The increase in 2003 relates to higher banking, audit,
and tax fees as a result of the Rietschle acquisition.

Interest  expense for the three  months  ended  March 31, 2003 was $1.1  million
compared to $.6 million for 2002. The 2003 amount  includes $.8 million  related
to the Rietschle  acquisition.  Excluding  Rietschle  related amounts,  the 2003
interest  expense was $.3 million.  The  reduction in 2003,  when  excluding the
Rietschle  acquisition,  was  primarily  related to the $7.7 million  payment of
long-term debt on January 31, 2003,  which carried a 9.36% annual interest rate.
Interest rates were also lower in 2003 compared to 2002.

Interest income and other for the three months ended March 31, 2003 was a charge
of $39 thousand  compared to $242 thousand of income in the comparable period in
2002. The decrease from 2002,  relates to lower amounts of invested cash in 2003
and lower  interest  rates  versus  2002.  The 2003 first  quarter  charge  also
includes negative impact from foreign currency  transaction losses,  compared to
favorable impacts in the first quarter of 2002.

Income tax  provisions  were $4.7  million and $4.3  million in the three months
ended March 31, 2003 and 2002,  respectively.  The effective income tax rate was
35.0% in 2003,  compared to 36.5% in 2002. The decline in the effective tax rate
in 2003  was  primarily  due to the tax  benefits  to be  achieved  through  the
Rietschle acquisition.


<PAGE>

Item 2. Management's Discussion and Analysis - Continued

LIQUIDITY AND SOURCES OF CAPITAL
Cash and cash  equivalents  increased  $.4 million to $19.3 million at March 31,
2003,  compared  to $18.9  million at  December  31,  2002.  This  increase  was
primarily  related to the $7.7  million  long-term  debt  payment on January 31,
2003, which was offset by proceeds from additional  long-term debt borrowings of
$12.0 million, at lower interest rates. These additional proceeds were also used
for working capital needs during the three months ended March 31, 2003.

Cash flows  provided by operations in the first quarter of 2003 were $.8 million
compared  to cash flows  provided  by  operations  of $1.7  million in the first
quarter of 2002. The decrease in cash flows were primarily  related to increases
in accounts  receivable  and  inventory in the first quarter of 2003 compared to
2002. Our first quarter net cash from operating activities has historically been
relatively  low  since  the  formation  of the GTG joint  venture.  The  Company
receives no  distributions  from GTG until after the first quarter of each year.
In  accordance  with the joint  venture  agreement,  the  Company  does  receive
periodic reimbursements of income taxes beginning in the second quarter and also
receives  contractually  a minimum  of a $3.0  million  dividend  in the  fourth
quarter of each year.

Dividends paid in 2003 were $1.5 million compared with $1.3 million in 2002. The
2003 dividends  increased primarily due to the issuance of 1.8 million shares in
connection with the acquisition of Rietschle.

As of March 31,  2003,  the  Company  had  standby  letters  of credit  totaling
$4,410,000 with expiration dates during 2003. The Company anticipates that these
letters of credit will be renewed at their expiration dates.

The Company announced in December 1999 that it planned to repurchase,  from time
to time depending on market conditions and other factors,  up to 15 percent,  or
2,373,000 shares, of its outstanding  Common Stock in the open market or through
privately negotiated  transactions at the prevailing market prices. During 2003,
no purchases were made. Through March 31, 2003, the Company has purchased,  on a
cumulative basis,  879,189 shares at a cost of $17.3 million, or an average cost
of $19.72 per share.  The Company  plans to fund any  purchase of Company  stock
through a combination of cash flows generated from operating  activities and our
revolving line of credit.

Working  capital  increased  from $82.0  million at December 31, 2002,  to $90.7
million at March 31, 2003, primarily due to increases in accounts receivable and
inventories to support business activities.

                                                     March 31,     December 31,
Dollars in Thousands                                  2003             2002
                                                      ----             ----

Working capital                                     $ 90,676         $82,030
Current ratio                                           2.74            2.66
Long-term debt, less current portion                $108,491        $104,047
Long-term debt to total capital                         24.9%           24.9%

Certain loan agreements of the Company include  restrictions on working capital,
operating  leases,  tangible net worth,  and the payment of cash  dividends  and
stock distributions. Under the most restrictive of these arrangements,  retained
earnings of $107.4  million are not  restricted at March 31, 2003.  Thomas is in
compliance with all covenants or other  requirements  set forth in its borrowing
agreements. In the


<PAGE>

Item 2. Management's Discussion and Analysis - Continued

event of non-compliance or if Thomas prepays the debt, then Thomas would incur a
penalty. At March 31, 2003, the prepayment penalty would have been approximately
$1.9 million on a pre-tax basis.

As of March 31, 2003,  the Company had a $120 million  revolving  line of credit
with its banks through August 28, 2005,  $90.0 million of which was outstanding.
This line of credit  was used to fund the cash  payment of $83  million  for the
Rietschle  acquisition  and to support the short-term  needs of the business for
working capital changes, fixed asset additions,  and general business use. As of
March 31, 2003, the Company had uncommitted  short-term  borrowing  arrangements
being used by some of its foreign  offices  which  totaled $58  thousand.  As of
March 31, 2003 and December 31, 2002,  except as described  above related to the
GTG  joint  venture,  management  was aware of no  relationships  with any other
unconsolidated entities, financial partnerships, structured finance entities, or
special  purpose  entities which would have been  established for the purpose of
facilitating  off-balance sheet  arrangements or other  contractually  narrow or
limited purposes.

FORWARD-LOOKING STATEMENTS
The Company makes  forward-looking  statements  from time to time and desires to
take advantage of the "safe harbor" which is afforded such statements  under the
Private  Securities  Litigation  Reform Act of 1995 when they are accompanied by
meaningful cautionary statements  identifying important factors that could cause
actual  results  to  differ   materially  from  those  in  the   forward-looking
statements.

The statements contained in the foregoing "Management's  Discussion and Analysis
of Financial  Condition and Results of Operations," as well as other  statements
contained in this Quarterly  Report and  statements  contained in future filings
with the Securities  and Exchange  Commission  and publicly  disseminated  press
releases,  and  statements  which may be made from time to time in the future by
management  of  the  Company  in  presentations  to  shareholders,   prospective
investors,  and others  interested in the business and financial  affairs of the
Company,  which are not historical  facts, are  forward-looking  statements that
involve  risks and  uncertainties  that  could  cause  actual  results to differ
materially  from  those  set  forth  in  the  forward-looking   statements.  Any
projections of financial performance or statements concerning expectations as to
future  developments  should not be construed in any manner as a guarantee  that
such results or  developments  will, in fact,  occur.  There can be no assurance
that any forward-looking  statement will be realized or that actual results will
not be  significantly  different  from  that set  forth in such  forward-looking
statement.  In addition  to the risks and  uncertainties  of  ordinary  business
operations,  the forward-looking statements of the Company referred to above are
also subject to the following risks and uncertainties:

o    The Company operates in a highly competitive business environment,  and its
     sales could be negatively affected by its inability to maintain or increase
     prices,  changes in  geographic  or product  mix,  or the  decision  of its
     customers  to  purchase  competitive  products  instead  of  the  Company's
     products. Sales could also be affected by pricing,  purchasing,  financing,
     operational,  advertising,  or promotional  decisions made by purchasers of
     the Company's products.

o    The Pump and  Compressor  Segment  operates  in a market  where  technology
     improvements  and the  introduction  of products for new  applications  are
     necessary for future growth.  The Company could experience  difficulties or
     delays  in the  development,  production,  testing,  and  marketing  of new
     products.  As an original  equipment  supplier,  the  Company's  results of
     operations are directly affected by the success of its customers' products.


<PAGE>

Item 2. Management's Discussion and Analysis - Continued


o    The Pump and Compressor  Segment has several key  customers,  none of which
     are 10% or more of our  consolidated  sales.  However,  the  loss of any of
     these key customers could have a negative affect on the Company's results.

o    On an annual basis, the Company negotiates renewals for property, casualty,
     workers  compensation,  general liability,  product  liability,  and health
     insurance  coverages.  Due to conditions within these insurance markets and
     other factors beyond the Company's control, future coverages and the amount
     of the  related  premiums  could  have a negative  affect on the  Company's
     results.

o    The Pump and Compressor  Segment has the leading market share in the oxygen
     concentrator Original Equipment  Manufacturers (OEM) market worldwide.  The
     Company's market share could be reduced  significantly due to a competitor,
     the vertical  integration  by our customers,  or new  technology  replacing
     compressed  air in oxygen  concentrators.  The loss of market  share in the
     oxygen  concentrator  OEM  market  could have a  significant  affect on the
     Company's results.

o    GTG, which comprises the Company's Lighting Segment, participates in highly
     competitive  markets  that  are  dependent  on the  level  of  residential,
     commercial,  and industrial construction activity in North America. Changes
     in interest rates, consumer preferences,  office and plant occupancy rates,
     and acceptance of new products affect the Lighting Segment.

o    As the Company's  business  continues to expand  outside the United States,
     the Company  could  experience  currency  exchange rate  fluctuations.  The
     Company could also be affected by nationalizations;  unstable  governments,
     economies,  or legal  systems;  terrorist  attacks;  or  inter-governmental
     disputes. These currency,  economic, and political uncertainties may affect
     the Company's results.

o    With  the  Rietschle  acquisition,   the  Company  is  in  the  process  of
     integrating  the  Rietschle  business.  There can be no assurance  that the
     integration  will occur in a timely fashion or in a manner which will allow
     the Company to realize the full benefit of its  strategies.  As part of the
     integration  process,  the Company  plans on achieving  certain  synergies.
     There can be no assurance  that the synergies  will be realized in a timely
     manner, if at all.

o    With the Rietschle acquisition,  the Company has a larger percentage of its
     net assets exposed to foreign  currency risks. As a result,  this increased
     exposure  to foreign  currency  risks may  adversely  affect the  Company's
     results.

o    With the Rietschle  acquisition,  the Company has a leading market share in
     supplying  compressors and systems to the printing industry worldwide.  The
     Company's market share could be reduced significantly due to competition or
     technology.  The loss of market share in the printing industry could have a
     significant adverse affect on the Company's results.



The  forward-looking  statements made by the Company are based on estimates that
the Company believes are reasonable. However, the Company's actual results could
differ  materially  from such  estimates and  expectations  as a result of being
positively or negatively  affected by the factors as described above, as well as
other unexpected, unanticipated, or unforeseen factors.



<PAGE>



Item 3.  Quantitative and Qualitative Disclosures about Market Risk.

The Company's  long-term debt bears  interest at both fixed and variable  rates.
Variable rate long-term debt includes the $1.25 million  Industrial Revenue Bond
and the $90.0 million  outstanding  from the revolving  line of credit  facility
that accrue  interest at  variable  rates,  but which can be fixed for six month
intervals.  Short-term  borrowings of $58 thousand at March 31, 2003, are priced
at variable  interest rates. The Company's results of operations and cash flows,
therefore,  would only be affected by interest rate changes to its variable rate
debt.  At March 31,  2003,  $91.3  million  was  outstanding.  A 100 basis point
movement in the interest  rate on the variable  rate debt of $91.3 million would
result in an  $913,000  annualized  effect on  interest  expense  and cash flows
($593,000 net of tax).

The Company also has  short-term  investments,  including cash  equivalents,  of
$14.0 million as of March 31, 2003 that bear interest at variable  rates.  A 100
basis  point  movement  in the  interest  rate  would  result in an  approximate
$140,000  annualized  effect on interest  income and cash flows  ($91,000 net of
tax).

The fair value of the  Company's  long-term  debt is estimated  based on current
interest rates offered to the Company for similar instruments. A 100 basis point
movement in the interest rate would result in an approximate $217,000 annualized
effect on the fair value of long-term debt ($141,000 net of tax).

The Company has  significant  operations  consisting of sales and  manufacturing
activities in foreign countries.  As a result,  the Company's  financial results
could be significantly  affected by factors such as changes in currency exchange
rates or  changing  economic  conditions  in the  foreign  markets  in which the
Company  manufactures  or distributes its products.  Currency  exposures for our
Pump and Compressor  Segment are  concentrated  in Germany but exist to a lesser
extent in other parts of Europe,  Asia, and South America.  Our Lighting Segment
currency exposure is primarily in Canada.

Item 4.  Controls and Procedures

              Our Chief  Executive  Officer  and Chief  Financial  Officer  have
              concluded,  based on their evaluation within 90 days of the filing
              date of this report,  that our disclosure  controls and procedures
              are  effective  in  ensuring  that  information   required  to  be
              disclosed  in the  reports  that  we  file  or  submit  under  the
              Securities Exchange Act of 1934 is recorded, processed, summarized
              and reported,  within the time periods specified in the Securities
              and  Exchange  Commission's  rules and  forms.  There have been no
              significant  changes in our internal  controls or in other factors
              that could  significantly  affect these controls subsequent to the
              date of the previous mentioned evaluation.

PART II.  OTHER INFORMATION
-------   -----------------

Item 6.  Exhibits and Reports on Form 8-K


                  (a)    Exhibits

                         99.1     Certification  Pursuant  to 18 U.S.C.  Section
                                  1350, as adopted  pursuant  Section 906 of the
                                  Sarbanes - Oxley Act of 2002, filed herewith.

                  (b)    No reports on Form 8-K were filed during the quarter.


<PAGE>

                                    SIGNATURE

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.

                                                  THOMAS INDUSTRIES INC.
                                                        Registrant


                                              /s/ Phillip J. Stuecker
                                             -----------------------------------
                                             Phillip J. Stuecker, Vice President
                                                 and Chief Financial Officer

Date    May 12, 2003



<PAGE>



                                 CERTIFICATIONS

I, Timothy C. Brown, certify that:

         1. I have  reviewed  this  quarterly  report  on Form  10-Q  of  Thomas
Industries 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 function):

                  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 or not 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 12, 2003

                                                   /s/ Timothy C. Brown
                                                   -----------------------------
                                                   Timothy C. Brown, Chairman,
                                                   President and CEO

<PAGE>

                                 CERTIFICATIONS
                                 --------------

I, Phillip J. Stuecker, certify that:

         1. I have  reviewed  this  quarterly  report  on Form  10-Q  of  Thomas
Industries 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 function):

                  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 or not 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 12, 2003
                                                       /s/ Phillip J. Stuecker
                                                       -------------------------
                                                       Phillip J. Stuecker, Vice
                                                       President and Chief
                                                       Financial Officer