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 September 27, 2003

                                       OR

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

Commission file number 1-7753

                           DECORATOR INDUSTRIES, INC.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

          Pennsylvania                                            25-1001433
-------------------------------                              -------------------
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)

10011 Pines Blvd., Suite #201, Pembroke Pines, Florida              33024
------------------------------------------------------           ----------
     (Address of principal executive offices)                    (Zip Code)

Registrant's telephone number, including area code: (954) 436-8909

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

                                  Yes X   No
                                     ---    ---

Indicate by check mark whether the registrant is an accelerated filer (as
defined in Rule 12b-2 of the Exchange Act).

                                  Yes     No X
                                     ---    ---

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

        Title of each class                     Outstanding at November 12, 2003
        -------------------                     --------------------------------
Common Stock, Par Value $.20 Per Share                     2,796,884

<PAGE>

                         PART I - FINANCIAL INFORMATION

Item 1.   Financial Statements.

                           DECORATOR INDUSTRIES, INC
                                 BALANCE SHEETS

<TABLE>
<CAPTION>

      ASSETS                                                    September 27,  December 28,
                                                                    2003           2002
                                                                -------------  ------------
                                                                 (UNAUDITED)
<S>                                                              <C>           <C>
CURRENT ASSETS:
 Cash and Cash Equivalents                                       $ 3,384,006   $ 2,117,762
 Accounts Receivable, less allowance for
    doubtful accounts ($234,517 and $202,933)                      4,610,655     3,414,629
 Inventories                                                       4,186,303     4,388,070
 Other Current Assets                                                380,876       419,620
                                                                 -----------   -----------
TOTAL CURRENT ASSETS                                              12,561,840    10,340,081
                                                                 -----------   -----------
Property and Equipment
 Land, Buildings & Improvements                                    5,114,341     5,043,458
 Machinery, Equipment, Furniture & Fixtures                        6,079,834     5,585,401
                                                                 -----------   -----------
Total Property and Equipment                                      11,194,175    10,628,859
 Less: Accumulated Depreciation and Amortization                   5,049,317     4,640,040
                                                                 -----------   -----------
Net Property and Equipment                                         6,144,858     5,988,819
                                                                 -----------   -----------
Goodwill, less accumulated Amortization of $1,348,569              2,731,717     2,731,717
Other Assets                                                         319,347       419,517
                                                                 -----------   -----------
TOTAL ASSETS                                                     $21,757,762   $19,480,134
                                                                 ===========   ===========

    LIABILITIES & STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
 Accounts Payable                                                $ 2,756,868   $ 2,059,871
 Current Maturities of Long-term Debt                                170,377       126,750
 Accrued Expenses:
    Income taxes                                                      44,942            --
    Compensation                                                     943,061       856,786
    Other                                                            931,530     1,105,646
                                                                 -----------   -----------
TOTAL CURRENT LIABILITIES                                          4,846,778     4,149,053
                                                                 -----------   -----------
Long-Term Debt                                                     1,969,284     1,477,973
Deferred Income Taxes                                                590,000       505,000
                                                                 -----------   -----------
TOTAL LIABILITIES                                                  7,406,062     6,132,026
                                                                 -----------   -----------
Stockholders' Equity
 Common Stock $.20 par value: Authorized shares, 10,000,000;
    Issued shares, 4,485,728                                         897,146       897,127
 Paid-in Capital                                                   1,426,278     1,425,826
 Retained Earnings                                                20,323,575    19,349,984
                                                                 -----------   -----------
                                                                  22,646,999    21,672,937
 Less: Treasury stock, at cost: 1,688,844 and 1,694,856 shares     8,295,299     8,324,829
                                                                 -----------   -----------
TOTAL STOCKHOLDERS' EQUITY                                        14,351,700    13,348,108
                                                                 -----------   -----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                       $21,757,762   $19,480,134
                                                                 ===========   ===========

</TABLE>

    The accompanying notes are an integral part of the financial statements.


                                       1

<PAGE>

                            DECORATOR INDUSTRIES, INC
                             STATEMENTS OF EARNINGS
                                   (UNAUDITED)

<TABLE>
<CAPTION>

                                                            For the Thirteen Weeks Ended
                                                            ----------------------------
                                                   September 27, 2003       September 28, 2002
                                                ----------------------    ----------------------
<S>                                             <C>             <C>       <C>             <C>
Net Sales                                       $ 10,984,598    100.00%   $  9,971,156    100.00%
Cost of Products Sold                              8,632,287     78.59%      7,855,531     78.78%
                                                ------------              ------------
Gross Profit                                       2,352,311     21.41%      2,115,625     21.22%

Selling and Administrative
Expenses                                           1,677,318     15.27%      1,549,223     15.54%
                                                ------------              ------------
Operating Income                                     674,993      6.14%        566,402      5.68%

Other Income (Expense)
          Interest, Investment and
            Other Income                              35,258      0.33%         18,135      0.18%
          Interest Expense                           (16,104)    -0.15%        (11,900)    -0.12%
                                                ------------              ------------
Earnings Before Income Taxes                         694,147      6.32%        572,637      5.74%
Provision for Income Taxes                           275,000      2.50%        229,000      2.30%
                                                ------------              ------------
NET INCOME                                      $    419,147      3.82%   $    343,637      3.44%
                                                ============              ============
EARNINGS PER SHARE
          BASIC                                 $       0.15              $       0.12
                                                ============              ============
          DILUTED                               $       0.15              $       0.12
                                                ============              ============
Weighted Average Number of Shares Outstanding
          Basic                                    2,795,166                 2,786,142
          Diluted                                  2,829,568                 2,836,547

<CAPTION>

                                                          For the Thirty-Nine Weeks Ended
                                                          -------------------------------
                                                  September 27, 2003        September 28, 2002
                                                ----------------------    ----------------------
<S>                                             <C>             <C>       <C>             <C>
Net Sales                                       $ 31,531,366    100.00%   $ 29,252,684    100.00%
Cost of Products Sold                             24,658,537     78.20%     22,786,202     77.89%
                                                ------------              ------------
Gross Profit                                       6,872,829     21.80%      6,466,482     22.11%

Selling and Administrative
Expenses                                           4,878,209     15.47%      4,561,172     15.60%
                                                ------------              ------------
Operating Income                                   1,994,620      6.33%      1,905,310      6.51%

Other Income (Expense)
          Interest, Investment and
            Other Income                              77,220      0.24%         52,577      0.18%
          Interest Expense                           (39,890)    -0.13%        (36,087)    -0.12%
                                                ------------              ------------
Earnings Before Income Taxes                       2,031,950      6.44%      1,921,800      6.57%
Provision for Income Taxes                           807,000      2.56%        764,000      2.61%
                                                ------------              ------------
NET INCOME                                      $  1,224,950      3.88%   $  1,157,800      3.96%
                                                ============              ============


EARNINGS PER SHARE
          BASIC                                 $       0.44              $       0.41
                                                ============              ============
          DILUTED                               $       0.44              $       0.41
                                                ============              ============

Weighted Average Number of Shares Outstanding
          Basic                                    2,793,207                 2,795,589
          Diluted                                  2,811,246                 2,834,163


</TABLE>

    The accompanying notes are an integral part of the financial statements.

                                       2

<PAGE>

                            DECORATOR INDUSTRIES, INC
                            STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                         For the Thirty-Nine Weeks Ended
                                                         -------------------------------
                                                     September 27, 2003   September 28, 2002
                                                     ------------------   ------------------

<S>                                                      <C>                  <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net Income                                             $ 1,224,950          $ 1,157,800
  Adjustments to Reconcile Net Income to Net Cash
  Provided by Operating Activities
      Depreciation and Amortization                          525,261              497,492
      Provision for Losses on Accounts Receivable             30,000               53,131
      Deferred Taxes                                          87,000               27,000
      Loss on Disposal of Assets                              11,864                   19
  Increase (Decrease) from Changes in:
      Accounts Receivable                                 (1,226,026)            (712,127)
      Inventories                                            201,767             (968,670)
      Prepaid Expenses                                      (105,254)             (46,529)
      Other Assets                                           100,170              (28,710)
      Accounts Payable                                       696,997            1,268,381
      Accrued Expenses                                        99,100              128,512
                                                         -----------          -----------
NET CASH PROVIDED BY OPERATING ACTIVITIES                  1,645,829            1,376,299
                                                         -----------          -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Capital Expenditures                                      (694,064)            (441,156)
  Proceeds from Property Dispositions                            900                9,250
                                                         -----------          -----------
NET CASH USED IN INVESTING ACTIVITIES                       (693,164)            (431,906)
                                                         -----------          -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Long-term Debt Payments                                   (105,062)             (78,643)
  Dividend Payments                                         (251,359)            (251,459)
  Issuance of Stock for Directors Trust                       30,000               30,000
  Proceeds on Debt from Building                             640,000                   --
  Purchase of Common Stock for Treasury                           --             (210,376)
                                                         -----------          -----------
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES          313,579             (510,478)

Net Increase in Cash and Cash Equivalents                  1,266,244              433,915
Cash and Cash Equivalents at Beginning of Year             2,117,762            2,319,568
                                                         -----------          -----------

CASH AND CASH EQUIVALENTS AT END OF PERIOD               $ 3,384,006          $ 2,753,483
                                                         ===========          ===========

Supplemental Disclosures of Cash Flow Information:
  Cash Paid for:
      Interest                                           $    26,043          $    24,005
      Income Taxes                                       $   533,059          $   754,325

</TABLE>

    The accompanying notes are an integral part of the financial statements.

                                       3
<PAGE>

                           DECORATOR INDUSTRIES, INC.
                          NOTES TO FINANCIAL STATEMENTS
        THIRTY-NINE WEEKS ENDED SEPTEMBER 27, 2003 AND SEPTEMBER 28, 2002
                                   (UNAUDITED)

NOTE 1.  In the opinion of management, the accompanying unaudited financial
         statements contain all adjustments necessary to present fairly the
         Company's financial position as of September 27, 2003, the changes
         therein for the thirty-nine week period then ended and the results of
         operations for the thirty-nine week periods ended September 27, 2003
         and September 28, 2002.

NOTE 2.  The financial statements included in the Form 10-Q are presented in
         accordance with the requirements of the form and do not include all of
         the disclosures required by accounting principles generally accepted in
         the United States of America. For additional information, reference is
         made to the Company's annual report on Form 10-K for the year ended
         December 28, 2002. The results of operations for the thirty-nine week
         periods ended September 27, 2003 and September 28, 2002 are not
         necessarily indicative of operating results for the full year.

NOTE 3.  INVENTORIES

         Inventories at September 27, 2003 and December 28, 2002 consisted of
the following:

                                        September 27, 2003   December 28, 2002
                                        ------------------   -----------------

     Raw Material and supplies              $3,726,223          $3,944,768
     In Process and Finished Goods             460,080             443,302
                                            ----------          ----------
     Total Inventory                        $4,186,303          $4,388,070
                                            ==========          ==========

NOTE 4.  EARNINGS PER SHARE

         Basic earnings per share is computed by dividing net income by
         weighted-average number of shares outstanding. Diluted earnings per
         share includes the dilutive effect of stock options. In accordance with
         SFAS No. 128, the following is a reconciliation of the numerators and
         denominators of the basic and diluted EPS computations.

                                       4
<PAGE>

                           DECORATOR INDUSTRIES, INC.
                          NOTES TO FINANCIAL STATEMENTS
        THIRTY-NINE WEEKS ENDED SEPTEMBER 27, 2003 AND SEPTEMBER 28, 2002
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                      For the Thirteen Weeks Ended
                                              September 27, 2003       September 28, 2002
                                              ------------------       ------------------
<S>                                               <C>                      <C>
Numerator:
    Net income                                    $  419,147               $  343,637
                                                  ==========               ==========
Denominator:
    Weighted-average number of
        common shares outstanding                  2,795,166                2,786,142

    Dilutive effect of
        stock options on net income                   34,402                   50,405
                                                  ----------               ----------
                                                   2,829,568                2,836,547
                                                  ==========               ==========
    Diluted earnings per share:                   $     0.15               $     0.12
                                                  ==========               ==========

<CAPTION>

                                                      For the Thirty-Nine Weeks Ended
                                              September 27, 2003       September 28, 2002
                                              ------------------       ------------------
<S>                                               <C>                      <C>
Numerator:
    Net income                                    $1,224,950               $1,157,800
                                                  ==========               ==========
Denominator:
    Weighted-average number of
        common shares outstanding                  2,793,207                2,795,589

    Dilutive effect of
        stock options on net income                   18,039                   38,574
                                                  ----------               ----------
                                                   2,811,246                2,834,163
                                                  ==========               ==========
    Diluted earnings per share:                   $     0.44               $     0.41
                                                  ==========               ==========

</TABLE>

                                       5
<PAGE>

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

CAUTIONARY STATEMENT: THIS QUARTERLY REPORT ON FORM 10-Q MAY CONTAIN STATEMENTS
RELATING TO FUTURE EVENTS, INCLUDING RESULTS OF OPERATIONS, THAT ARE CONSIDERED
"FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995. FORWARD-LOOKING STATEMENTS REPRESENT THE
COMPANY'S EXPECTATIONS OR BELIEF AS TO FUTURE EVENTS AND, BY THEIR VERY NATURE,
ARE SUBJECT TO RISKS AND UNCERTAINTIES WHICH MAY RESULT IN ACTUAL EVENTS
DIFFERING MATERIALLY FROM THOSE ANTICIPATED. IN PARTICULAR, FUTURE OPERATING
RESULTS AND FUTURE LIQUIDITY WILL BE AFFECTED BY THE LEVEL OF DEMAND FOR
RECREATIONAL VEHICLES, MANUFACTURED HOUSING AND HOTEL/MOTEL ACCOMMODATIONS AND
MAY BE AFFECTED BY CHANGES IN ECONOMIC CONDITIONS, INTEREST RATE FLUCTUATIONS,
COMPETITIVE PRODUCTS AND PRICING PRESSURES WITHIN THE COMPANY'S MARKETS, THE
COMPANY'S ABILITY TO CONTAIN ITS MANUFACTURING COSTS AND EXPENSES, AND OTHER
FACTORS. FORWARD-LOOKING STATEMENTS BY THE COMPANY SPEAK ONLY AS OF THE DATE
MADE, AND THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE OR REVISE SUCH
STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE
OCCURRENCE OF UNANTICIPATED EVENTS.

FINANCIAL CONDITION

The Company's financial condition, as measured by the following ratios,
continues to be strong at the end of the Third Quarter 2003.

<TABLE>
<CAPTION>
                                         September 27, 2003           December 28, 2002
                                         ------------------           -----------------
<S>                                          <C>                          <C>
     Current Ratio                              2.59                         2.49
     Quick Ratio                                1.73                         1.43
     LT Debt to Total Capital                  12.07%                       9.97%
     Working Capital                         $7,715,062                   $6,191,028

</TABLE>

Days sales outstanding in accounts receivable were 37.3 days at September 27,
2003, unchanged when compared to September 28, 2002. At September 27, 2003, net
accounts receivable increased by 10.2% and inventories decreased by 12% compared
to the balance at September 28, 2002. Cash increased by $1,266,244 for the first
nine months of fiscal 2003.

Management does not foresee any events which will adversely affect its liquidity
during 2003. At the quarter end, the Company had no borrowings against its
$5,000,000 revolving line of credit. During the quarter ended June 28, 2003, the
Company received proceeds of $640,000 from a borrowing secured by a mortgage on
its Elkhart, Indiana facility. The borrowing is at a fixed annual rate of 4.39%,
with a 5 year term and a 15 year amortization. The proceeds are intended to
finance an addition to this building. With the available borrowing capacity and
the Company's cash balances, the financial condition is more than adequate to
finance internal growth and the acquisitions of businesses.


                                       6
<PAGE>

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

RESULTS OF OPERATIONS

The following tables show the percentage relationship to net sales of certain
items in the Company's Statements of Earnings:

<TABLE>
<CAPTION>
                                      Third          Third
                                     Quarter        Quarter          YTD            YTD
        Earnings Ratios                2003           2002           2003           2002
                                     -------        -------          -----         -----
<S>                                   <C>            <C>            <C>            <C>
Net sales                             100.0%         100.0%         100.0%         100.0%
Cost of products sold                 78.59          78.78          78.20          77.89
Selling and administrative            15.27          15.54          15.47          15.60
Interest and investment income        (0.33)         (0.18)         (0.24)         (0.18)
Interest expense                       0.15           0.12           0.13           0.12
Income taxes                           2.50           2.30           2.56           2.61
Net income                             3.82           3.44           3.88           3.96

</TABLE>

THIRTEEN WEEK PERIOD ENDED SEPTEMBER 27, 2003, (THIRD QUARTER 2003) COMPARED TO
THIRTEEN WEEK PERIOD ENDED SEPTEMBER 28, 2002, (THIRD QUARTER 2002)

Net sales for the Third Quarter 2003 were $10,984,598, compared to $9,971,156
for the same period in the previous year, a 10.2% increase. The Company
experienced increased sales in the recreational vehicle market, while sales
decreased in the manufactured housing market.

Cost of products sold decreased to 78.6% in the Third Quarter 2003 compared to
78.8% a year ago, due to positive labor efficiencies, partially offset by a
negative impact from product mix.

Selling and administrative expenses were $1,677,318 in the Third Quarter 2003
versus $1,549,224 in the Third Quarter 2002. This increase resulted primarily
from higher accruals for performance bonuses.

Interest expense increased to $16,104 in the Third Quarter 2003 from $11,900 in
the Third Quarter 2002 due to an increase in borrowings related to the mortgage
on the Elkhart, Indiana facility.

Net income increased to $419,147 in the Third Quarter of 2003 compared to
$343,636 in the Third Quarter of 2002. This increase is largely the result of
increased sales, partially offset by increased administrative expenses. Net
income per diluted share increased to $0.15 per share, compared to $0.12 for the
same period of the previous year.

THIRTY-NINE WEEK PERIOD ENDED SEPTEMBER 27, 2003, (FIRST NINE MONTHS 2003)
COMPARED TO THIRTY-NINE WEEK PERIOD ENDED SEPTEMBER 28, 2002, (FIRST NINE MONTHS
2002)

Net sales for the First Nine Months 2003 were $31,531,366, compared to
$29,252,684 for the same period in the previous year, a 7.8% increase. The
Company experienced increased sales in the recreational vehicle market, while
sales decreased in the manufactured housing market. The Manufactured Housing
(MH) Institute indicated that industry wide shipments declined about 20% in the
first nine months of this year. The

                                       7
<PAGE>

Company's sales to MH customers declined about 16%. The Recreational Vehicle
(RV) Industry Association reported flat sales for the first nine months of this
year compared to the same period of the prior year. Our sales to RV customers
increased about 25%. Hospitality sales were comparable to last year's sales.

Cost of products sold increased to 78.2% in the First Nine Months 2003 compared
to 77.9% a year ago, due to a negative impact from product mix and higher labor
costs.

Selling and administrative expenses were $4,878,209 in the First Nine Months
2003 versus $4,561,172 in the First Nine Months 2002. This increase resulted
from higher accruals for performance bonuses and charges related to the ongoing
implementation of an Enterprise-Resource-Planning system.

Interest expense increased to $39,890 in the First Nine Months 2003 from $36,087
in the First Nine Months 2002 because of increased borrowings related to the
mortgage on the Elkhart, Indiana facility.

Net income increased to $1,224,950 in the First Nine Months of 2003, compared to
$1,157,800 in the First Nine Months of 2002. This increase is the result of
increased sales, partially offset by increased administrative expenses. Net
income per diluted share increased to $0.44 for the First Nine Months of 2003,
compared to $0.41 for the same period of the prior year.

Item 4.  Controls and Procedures.

     (a)  The Company's Chief Executive Officer and Chief Financial Officer have
          reviewed the effectiveness of the Company's disclosure controls and
          procedures as defined in Exchange Act Rules 13a-14(c) and 15d-14(c)
          within 90 days of the date of this report. These officers have
          concluded that the Company's disclosure controls and procedures were
          adequate and effective to ensure that material information relating to
          the financial statements has been disclosed.

     (b)  There were no significant changes in the Company's internal controls
          or in other factors that could significantly affect the Company's
          internal controls and procedures subsequent to the review date, nor
          any significant deficiencies or material weaknesses in such internal
          controls and procedures requiring corrective actions.


                           PART II - OTHER INFORMATION

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

     (a)  Exhibits filed herewith:

               31.1 - Certification of President

               31.2 - Certification of Treasurer

               32   - Certificate required by 18 U.S.C.ss.1350.

     (b)  No reports on Form 8-K were filed by the Company during the quarterly
          period ended September 27, 2003.



                                       8
<PAGE>

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                                   DECORATOR INDUSTRIES, INC.
                                                          (Registrant)

       Date: November  12, 2003           By: /s/ William A. Bassett
             ------------------               ----------------------------------
                                              William A. Bassett, President

       Date: November  12, 2003           By: /s/ Michael K. Solomon
             ------------------               ----------------------------------
                                              Michael K. Solomon, Treasurer


                                       9