<PAGE>   1

                                    FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C, 20549


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

      For the quarterly period ended March 31, 1999
      ---------------------------------------------

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

For the transition period from ................... to ....................


Commission File Number 33-93644 and 333-50839
                       ----------------------

                          DAY INTERNATIONAL GROUP, INC.
                          -----------------------------
             (Exact name of registrant as specified in its charter)


         Delaware                                        31-1436 349
-------------------------                          ------------------------
(State or other jurisdiction of incorporation      (I.R.S. Employer ID No.)
or organization)

  130 West Second Street, Suite 1700, Dayton, Ohio                     45402
--------------------------------------------------                   ----------
(Address of principal executive offices)                             (zip code)


         (937) 224-4000
--------------------------------
(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
    ---      ---

The number of Common Shares of the Company, $0.01 per share par value,
outstanding as of May 14, 1999 was 23,298


<PAGE>   2




                          DAY INTERNATIONAL GROUP, INC.

                                      Index
<TABLE>
<CAPTION>
                                                                                      Pages
                                                                                      -----
<S>      <C>                                                                          <C>
Part I:  Financial Information

         Item 1.  Financial Statements:

             Condensed Consolidated Balance Sheets as of March 31, 1999
             and December 31, 1998                                                         3

             Condensed Consolidated Statements of Operations for the three months
             ended March 31, 1999 and 1998                                                 4

             Condensed Consolidated Statements of Comprehensive (Loss) Income
             for the three months ended March 31, 1999 and 1998                            5

             Condensed Consolidated Statements of Cash Flows for the three months
             ended March 31, 1999 and 1998                                                 6

             Notes to Condensed Consolidated Financial Statements                        7 - 17

         Item 2.  Management's Discussion and Analysis of Financial Condition
                  and Results of Operations                                             18 - 23

Part II:  Other Information

         Item 1 - Legal Proceedings                                                       24

         Item 2 - Changes in Securities and Use of Proceeds                               24

         Item 6 - Exhibits and Reports on Form 8-K                                        24

         Signature                                                                        24
</TABLE>





                                       2
<PAGE>   3


PART I:  FINANCIAL INFORMATION
ITEM 1.  FINANCIAL STATEMENTS

                 DAY INTERNATIONAL GROUP, INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                      MARCH 31, 1999 AND DECEMBER 31, 1998
           (AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)

<TABLE>
<CAPTION>
         ASSETS                                                        1999              1998
                                                                       ----              ----
<S>                                                                 <C>               <C>      
  Cash and cash equivalents                                         $   2,416         $   4,762
  Accounts receivable (less allowance for doubtful
      accounts of $1,456 and $1,384)                                   19,989            18,630
  Inventories                                                          19,311            19,179
  Prepaid expenses and other current assets                             1,564             1,267
  Deferred tax assets                                                   2,546             2,543
                                                                    ---------         ---------

         Total current assets                                          45,826            46,381

  Property, plant and equipment, net                                   49,855            50,305
  Goodwill and other intangible assets                                154,526           157,799
  Deferred tax assets                                                   2,243             1,523
  Other assets                                                          1,265             1,400
                                                                    ---------         ---------
TOTAL ASSETS                                                        $ 253,715         $ 257,408
                                                                    =========         =========
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
  Accounts payable                                                  $   7,511         $   5,905
  Accrued associate-related costs and other accrued expenses           10,222            13,229
  Income taxes payable                                                  3,414             2,913
  Interest payable                                                      4,274             4,336
  Current maturities of long-term debt                                  1,292             1,292
                                                                    ---------         ---------

         Total current liabilities                                     26,713            27,675

  Long-term and subordinated long-term debt                           256,262           256,223
  Deferred tax liabilities                                              1,293             1,353
  Other long-term liabilities                                          15,295            15,813
  Commitments and contingencies                                                                
                                                                    ---------         ---------
         Total liabilities                                            299,563           301,064

  Exchangeable Preferred Stock                                         37,857            36,627

STOCKHOLDERS' (DEFICIT) EQUITY:
  Common Shares                                                             1                 1
  Additional paid-in-capital
  Contra-equity associated with the assumption of
    majority shareholder's bridge loan                                (68,772)          (68,772)
  Retained earnings (deficit)                                         (11,943)          (10,370)
  Foreign currency translation adjustment                              (2,991)           (1,142)
                                                                    ---------         ---------

         Total stockholders' (deficit) equity                         (83,705)          (80,283)
                                                                    ---------         ---------

TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY                $ 253,715         $ 257,408
                                                                    =========         =========
</TABLE>

           See notes to condensed consolidated financial statements.



                                       3
<PAGE>   4

                 DAY INTERNATIONAL GROUP, INC. AND SUBSIDIARIES

                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                   THREE MONTHS ENDED MARCH 31, 1999 AND 1998
                                 (IN THOUSANDS)

<TABLE>
<CAPTION>
                                                             1999             1998
                                                           --------         --------

<S>                                                        <C>              <C>     
NET SALES                                                  $ 42,556         $ 43,137

COST OF GOODS SOLD                                           26,738           26,988
                                                           --------         --------

GROSS PROFIT                                                 15,818           16,149

SELLING, GENERAL AND ADMINISTRATIVE                           8,060            7,351
COMPENSATION AND RELATED
   TRANSACTION COSTS                                                          18,018
AMORTIZATION OF INTANGIBLES                                     908              651
MANAGEMENT FEES                                                 254              235
                                                           --------         --------

OPERATING PROFIT (LOSS)                                       6,596          (10,106)

OTHER EXPENSES:
  Interest Expense (including amortization
    of deferred financing costs of $600 in 1999 and
    $296 in 1998                                              6,883            7,051
  Other expense (income)--net                                   215              210
                                                           --------         --------
                                                              7,098            7,261
                                                           --------         --------
LOSS BEFORE INCOME TAXES
   AND EXTRAORDINARY ITEMS                                     (502)         (17,367)

INCOME TAX BENEFIT                                             (160)          (3,804)
                                                           --------         --------

LOSS BEFORE EXTRAORDINARY ITEMS                                (342)         (13,563)

EXTRAORDINARY LOSSES ON EARLY
  EXTINGUISHMENT OF DEBT (NET OF TAX
  BENEFIT OF $2,368)                                                           3,552
                                                           --------         --------

NET LOSS                                                       (342)         (17,115)

PREFERRED STOCK DIVIDENDS                                    (1,189)            (153)

AMORTIZATION OF PREFERRED STOCK
  ISSUANCE COSTS                                                (42)              (7)
                                                           --------         --------

NET LOSS AVAILABLE
  TO COMMON SHAREHOLDERS                                   $ (1,573)        $(17,275)
                                                           ========         ========
</TABLE>

           See notes to condensed consolidated financial statements.



                                       4
<PAGE>   5



                 DAY INTERNATIONAL GROUP, INC. AND SUBSIDIARIES

        CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
                   THREE MONTHS ENDED MARCH 31, 1999 AND 1998
                                 (IN THOUSANDS)

<TABLE>
<CAPTION>

                                                        1999              1998
                                                        ----              ----


<S>                                                  <C>               <C>      
NET LOSS                                             $   (342)         $(17,115)

FOREIGN CURRENCY TRANSLATION ADJUSTMENT                (1,849)               (2)
                                                     --------          --------

COMPREHENSIVE NET LOSS                               $ (2,191)         $(17,117)
                                                     ========          ========
</TABLE>




            See notes to condensed consolidated financial statements



                                       5
<PAGE>   6


                 DAY INTERNATIONAL GROUP, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                   THREE MONTHS ENDED MARCH 31, 1999 AND 1998
                                 (IN THOUSANDS)

<TABLE>
<CAPTION>
                                                                  1999              1998
                                                                  ----              ----
<S>                                                           <C>               <C>       
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss                                                      $    (342)        $ (17,115)
Adjustments to reconcile net loss
  to net cash provided by operating activities:
  Extraordinary loss on early extinguishment of debt                                3,552
  Depreciation and amortization                                   3,794             3,111
  Deferred income taxes                                            (720)           (4,317)
  Non-cash charge related to stock option awards                                    8,585
  Change in operating assets and liabilities                     (3,476)               72
                                                              ---------         ---------

         Net cash used in operating activities                     (744)           (6,112)
                                                              ---------         ---------


CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures                                             (1,602)           (1,476)
                                                              ---------         ---------
         Net cash used in investing activities                   (1,602)           (1,476)
                                                              ---------         ---------


CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of 2008 notes                                              111,134
Proceeds from issuance of exchangeable preferred stock                             32,986
Proceeds from issuance of term loans                                               40,000
Contributions from shareholders                                                     4,573
Repayment of existing credit facility                                             (30,902)
Repayment of bridge loan                                                         (140,000)
Payment of consent fee                                                             (6,500)
Payments on term loan                                                              (2,500)
Net proceeds from revolving credit facility                          53
                                                              ---------         ---------
         Net cash provided by financing activities                   53             8,791
                                                              ---------         ---------
EFFECT OF EXCHANGE RATE CHANGES ON CASH                             (53)               90
                                                              ---------         ---------

CASH AND CASH EQUIVALENTS:
Net (decrease) increase in cash and cash  equivalents            (2,346)            1,293
Cash and cash equivalents at beginning  of period                 4,762               780
                                                              ---------         ---------
Cash and cash equivalents at end of period                    $   2,416         $   2,073
                                                              =========         =========

SUPPLEMENTAL CASH FLOW DISCLOSURES

NON CASH TRANSACTIONS:
  Assumption of bridge loan                                                     $ 140,000
                                                                                =========
  Preferred stock dividends                                   $   1,189         $     153
                                                              =========         =========
  Amortization of preferred stock discount                    $      42         $       7
                                                              =========         =========
  Capital contribution                                                          $   4,530
                                                                                =========
</TABLE>


           See notes to condensed consolidated financial statements.


                                       6
<PAGE>   7






                          DAY INTERNATIONAL GROUP, INC.

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                 (IN THOUSANDS)

A. BASIS OF PRESENTATION - The balance sheet as of December 31, 1998 is
condensed financial information derived from the audited balance sheet. The
interim financial statements are unaudited. The financial statements of Day
International Group, Inc. (the "Company") have been prepared in accordance with
generally accepted accounting principles and, in the opinion of management,
reflect all adjustments (consisting of normal recurring accruals) necessary for
a fair presentation in accordance with generally accepted accounting principles
for the periods presented. The results of operations and cash flows for the
interim periods presented are not necessarily indicative of the results for the
full year.

B. ACQUISITIONS AND RELATED TRANSACTIONS - On January 16, 1998, affiliates of
Greenwich Street Capital Partners, Inc. ("Greenwich Street") and SG Capital
Partners LLC ("SGCP") acquired substantially all of the common stock of the
Company for approximately $206 million (the "Acquisition"), with the Company's
management retaining the balance of the common stock. In conjunction with the
Acquisition, the Company entered into a $60 million Senior Secured Credit
Facility (the "Senior Secured Credit Facility") consisting of a $40 million Term
Loan (the "Term Loan") and a $20 million Revolving Credit Facility (the
"Revolving Credit Facility"). Proceeds from the Term Loan were used to repay the
Company's then existing credit facility and to pay certain acquisition related
fees and expenses. As a result of such repayment of the Company's then existing
Credit Facility, $0.7 million of deferred financing fees were written off as an
extraordinary item. The Acquisition also resulted in compensation related
expenses of $17.0 million associated with employment agreements with certain key
members of management and amendments to the Company's Stock Option Plan.

On March 18, 1998, the Company successfully completed a Consent Solicitation
(the "Consent") with respect to its $100.0 million 11 1/8% Senior Subordinated
Notes which are due in 2005 (the "2005 Notes"). The Consent permitted the
Company to issue $115.0 million of 9 1/2% Senior Subordinated Notes (the "2008
Notes") and $35.0 million of 12 1/4% Exchangeable Preferred Stock (the
"Exchangeable Preferred Stock"). The Consent also allowed the Company to assume
a $140.0 million Bridge Loan (the "Bridge Loan") incurred by its majority
shareholder in connection with the Acquisition, and effected certain other
changes to the Indenture governing the 2005 Notes, including the elimination of
the provisions of the Indenture subordinating the 2005 Notes to other
indebtedness of the Company. As consideration for the Consent, the Company paid
a Consent fee of $65 for every $1,000 of notes held. The proceeds from the
issuance of the 2008 Notes and the Exchangeable Preferred Stock were used to
repay the Bridge Loan and to pay other financing fees and expenses. Expenses
associated with obtaining the Consent were approximately $1.0 million. As a
result of the repayment of the Bridge Loan, $5.2 million of deferred financing
fees and expenses were also written off as an extraordinary 


                                       7
<PAGE>   8

item. The Acquisition does not require a change in the Company's historical
basis of accounting since the Company's 2005 Notes remained outstanding
following the Acquisition.

Effective December 31, 1998, the Company acquired the stock of Rotec
Hulsensysteme GmbH ("Rotec") and entered into a five-year noncompete agreement
with the selling shareholders. The acquisition was financed through a $10
million additional term loan under the Senior Secured Credit Facility and
additional equity from the Company's two major shareholders and was accounted
for as a purchase in accordance with Accounting Principles Board Opinion No. 16.

The following summarizes the changes in stockholders' (deficit) equity for the
three months ended March 31, 1999:


<TABLE>
<CAPTION>
(dollars in thousands)                                                                                       
                                                                                                            FOREIGN
                                               COMMON SHARES                               RETAINED         CURRENCY
                                               -------------              CONTRA           EARNINGS       TRANSLATION
                                          SHARES           AMOUNT         EQUITY          (DEFICIT)        ADJUSTMENT
                                         -------           ------       ---------         ---------       -----------
<S>                                      <C>                 <C>        <C>              <C>               <C>      
Balance at December 31, 1998             23,298              $ 1        $ (68,772)       $ (10,370)        $ (1,142)

Net loss                                                                                      (342)

Preferred stock dividends                                                                   (1,189)

Amortization of preferred
    stock discount                                                                             (42)

Foreign currency
    translation adjustment                   -                -                -                -            (1,849)
                                        -------             ----       ----------       ----------        ---------
Balance at March 31, 1999                23,298              $ 1        $ (68,772)       $ (11,943)        $ (2,991)
                                        =======             ====       ==========       ==========        =========
</TABLE>

C. INVENTORIES

Inventories as of  March 31, 1999 and December 31, 1998 consists of:

<TABLE>
<CAPTION>
                                                   MARCH 31,          DECEMBER 31,
                                                     1999                 1998
                                                   -------               -------

<S>                                                <C>                   <C>    
Finished Goods                                     $10,697               $ 9,762
Work in Progress                                     4,719                 5,220

Raw Materials                                        3,895                 4,197
                                                   -------               -------
                                                   $19,311               $19,179
                                                   =======               =======
</TABLE>




                                       8
<PAGE>   9



D.       BUSINESS SEGMENTS

The Company produces precision engineered rubber products, specializing in the
design and customization of consumable image-transfer products for the graphic
arts (printing) industry and fiber handling products for the textile industry.
The Company's printing components division ("Image Transfer") designs,
manufactures and markets high-quality printing blankets and sleeves for use in
offset printing.

Segment performance is evaluated based on operating profit results compared to
the annual operating plan. Intersegment sales and transfers are not material.

The Company manages the two segments as separate strategic business units. They
are managed separately because each business unit requires different
manufacturing processes, technology and marketing strategies.

<TABLE>
<CAPTION>
                                                   1999
                                                   ----
                               IMAGE
                             TRANSFER             TEXTILE            TOTALS
                             --------             -------            ------

<S>                             <C>                  <C>                <C>    
Third party sales               $35,181              $7,375             $42,556
Operating profit                  8,646                 301               8,947

<CAPTION>
                                                   1998
                                                   ----
                               IMAGE
                             TRANSFER             TEXTILE            TOTALS
                             --------             -------            ------

<S>                             <C>                  <C>                <C>    
Third party sales               $34,119              $9,018             $43,137
Operating profit                  9,010                 876               9,886
</TABLE>

The following is a reconciliation of the operating profit reported above to the
amount reported in the Consolidated Financial Statements:

<TABLE>
<CAPTION>
                                                        1999               1998
                                                        ----               ----

<S>                                                   <C>              <C>     
Segment operating profit                              $  8,947         $  9,886
APB #16 depreciation and amortization                   (1,022)          (1,022)
Non allocated corporate expenses                          (167)             (66)
Compensation and related transaction costs                              (18,018)
Amortization of intangibles                               (908)            (651)
Management fees                                           (254)            (235)
                                                      --------         --------

         Total operating profit (loss)                $  6,596         $(10,106)
                                                      ========         ========
</TABLE>



                                       9
<PAGE>   10




E. CONTINGENCIES - Claims have been made against the Company for the costs of
environmental remedial measures taken or to be taken. Reserves for such
liabilities have been established and no insurance recoveries have been
anticipated in the determination of the reserves. In management's opinion, the
aforementioned claims will be resolved without material adverse effect on the
results of operations, financial position or cash flows of the Company. The
Company's previous parent and its parent, M.A. Hanna, have agreed to indemnify
the Company for certain of the costs associated with these matters.

F. SUPPLEMENTAL CONSOLIDATING INFORMATION - The Company issued $100,000 of 
11 1/8% Senior Notes in conjunction with the purchase of Day International, 
Inc., ("Day") from M.A. Hanna and in March 1998, the Company issued $115,000 of 
9 1/2% Senior Subordinated Notes in conjunction with the acquisition of the 
Company by Greenwich (collectively, the "Notes"). As a result of the 1995 
acquisition, Day International, Inc. ("Day International" or "Guarantor") became
a wholly-owned subsidiary of the Company (which has no assets or operations 
other than its investment in Day International). Day has provided a full and 
unconditional guarantee of the Notes. The wholly-owned foreign subsidiaries of 
Day International are not guarantors with respect to the Notes and do not have 
any credit arrangements senior to the Notes. All of the assets of Day 
International and its parent, other than the assets of the wholly-owned foreign 
non guarantor subsidiaries, are pledged as collateral on the Notes. The only 
intercompany eliminations are the normal intercompany eliminations with regard 
to intercompany sales and the Company's investment in the wholly-owned non
guarantor subsidiaries. In 1996, intercompany notes were put in place through a
dividend which effectively transfers the interest expense from Day International
Group, Inc. to Day International, Inc. The following are the supplemental
combined condensed balance sheets as of March 31, 1999 and December 31, 1998 and
the supplemental combined condensed statements of operations and cash flows for
the three months ended March 31, 1999 and 1998 with the investments in the
subsidiaries accounted for using the equity method. Separate complete financial
statements of the Guarantor are not presented because management has determined
that they are not material to the investors.



                                       10
<PAGE>   11



                          DAY INTERNATIONAL GROUP, INC.

                 SUPPLEMENTAL COMBINING CONDENSED BALANCE SHEET
                                 MARCH 31, 1999

<TABLE>
<CAPTION>
                                                               DAY
                                              DAY             INTER-
                                             INTER-          NATIONAL            NON
                                            NATIONAL           INC.           GUARANTOR
                                           GROUP, INC.      (GUARANTOR)      SUBSIDIARIES      ELIMINATIONS       CONSOLIDATED
                                           -----------      -----------      ------------      ------------       ------------
<S>                                         <C>               <C>               <C>               <C>               <C>
ASSETS
Cash and cash equivalents                   $     749         $      58         $   1,609                           $   2,416
Accounts receivable -- net                                       10,657             9,332                              19,989
Inventories                                                      11,948             7,363                              19,311
Other assets                                                      2,823             1,287                               4,110
                                            ---------         ---------         ---------         ---------         ---------
         TOTAL CURRENT ASSETS                     749            25,486            19,591                --            45,826
Intercompany                                  257,554                --                           $(257,554)               --
Property, plant and equipment -- net                             36,702            13,153                              49,855
Investment in subsidiaries                    (52,707)           27,957                              24,750                --
Intangible and other assets                                     141,269            16,765                             158,034
                                            ---------         ---------         ---------         ---------         ---------
         TOTAL ASSETS                       $ 205,596         $ 231,414         $  49,509         $(232,804)        $ 253,715
                                            =========         =========         =========         =========         =========
LIABILITIES AND
  STOCKHOLDERS' EQUITY (DEFICIT)
Accounts payable                                              $   4,420         $   3,530         $    (439)        $   7,511
Current maturities of long-term debt        $   1,292                                                                   1,292
Accrued associate related costs and
  other expenses                                4,274             7,542             6,094                              17,910
                                            ---------         ---------         ---------         ---------         ---------
         TOTAL CURRENT LIABILITIES              5,566            11,962             9,624              (439)           26,713
Intercompany                                  (13,374)          257,909            12,609          (257,144)               --
Long-term and subordinated long-term
  debt                                        256,262                                                                 256,262
Other long-term liabilities                                      13,757             2,831                              16,588
Exchangeable Preferred Stock                   37,857                                                                  37,857
Total stockholders' equity (deficit)          (80,715)          (52,214)           24,445            24,779           (83,705)
                                            ---------         ---------         ---------         ---------         ---------
TOTAL LIABILITIES AND STOCKHOLDERS'
  EQUITY (DEFICIT)                          $ 205,596         $ 231,414         $  49,509         $(232,804)        $ 253,715
                                            =========         =========         =========         =========         =========
</TABLE>



                                       11
<PAGE>   12


                          DAY INTERNATIONAL GROUP, INC.

                 SUPPLEMENTAL COMBINING CONDENSED BALANCE SHEET
                                DECEMBER 31, 1998

<TABLE>
<CAPTION>
                                                                    DAY
                                                      DAY          INTER-
                                                     INTER-       NATIONAL          NON
                                                    NATIONAL        INC.         GUARANTOR
                                                   GROUP, INC.   (GUARANTOR)   SUBSIDIARIES   ELIMINATIONS   CONSOLIDATED
                                                   -----------   -----------   ------------   ------------   ------------
<S>                                                  <C>             <C>           <C>           <C>             <C>     
ASSETS
Cash and cash equivalents                            $  3,256        $   (955)     $  2,461                      $  4,762
Accounts receivable -- net                                             10,147         8,483                        18,630
Inventories                                                            11,450         7,729                        19,179
Other assets                                                            2,527         1,283                         3,810
                                                     --------        --------      --------      ---------       --------
         TOTAL CURRENT ASSETS                           3,256          23,169        19,956             --         46,381
Intercompany                                          253,367              --                    $(253,367)            --
Property, plant and equipment -- net                                   36,812        13,493                        50,305
Investment in subsidiaries                            (52,370)         28,561                       23,809             --
Intangible and other assets                                           142,819        17,903                       160,722
                                                     --------        --------      --------      ---------       --------
         TOTAL ASSETS                                $204,253        $231,361      $ 51,352      $(229,558)      $257,408
                                                     ========        ========      ========      =========       ========
LIABILITIES AND
  STOCKHOLDERS' EQUITY (DEFICIT)
Accounts payable                                                     $  2,702      $  3,337      $    (134)      $  5,905
Current maturities of long-term debt                 $  1,292                                                       1,292
Accrued associate related costs and
  other expenses                                        4,336           9,261         6,881                        20,478
                                                     --------        --------      --------      ---------       --------
         TOTAL CURRENT LIABILITIES                      5,628          11,963        10,218           (134)        27,675
Intercompany                                          (15,082)        255,984        12,331       (253,233)            --
Long-term and subordinated long-term
  debt                                                256,223                                                     256,223
Other long-term liabilities                                            14,187         2,979                        17,166
Exchangeable Preferred Stock                           36,627                                                      36,627
Total stockholders' equity (deficit)                  (79,143)        (50,773)       25,824         23,809        (80,283)
                                                     --------        --------      --------      ---------       --------
TOTAL LIABILITIES AND STOCKHOLDERS'
  EQUITY (DEFICIT)                                   $204,253        $231,361      $ 51,352      $(229,558)      $257,408
                                                     ========        ========      ========      =========       ========
</TABLE>



                                       12
<PAGE>   13


                          DAY INTERNATIONAL GROUP, INC.

            SUPPLEMENTAL COMBINING CONDENSED STATEMENT OF OPERATIONS
                        THREE MONTHS ENDED MARCH 31, 1999
<TABLE>
<CAPTION>
                                                                    DAY
                                                      DAY          INTER-
                                                     INTER-       NATIONAL          NON
                                                    NATIONAL        INC.         GUARANTOR
                                                   GROUP, INC.   (GUARANTOR)   SUBSIDIARIES   ELIMINATIONS   CONSOLIDATED
                                                   -----------   -----------   ------------   ------------   ------------

<S>                                                    <C>           <C>            <C>              <C>          <C>    
Net sales                                              $   --        $ 29,979       $12,577          $  --        $42,556
Cost of goods sold                                                     18,222         8,516                        26,738
                                                       ------        --------       -------          -----        ------- 
         Gross profit                                      --          11,757         4,061             --         15,818
Selling, general and administrative                         9           5,635         2,416                         8,060
Amortization of intangibles                                               824            84                           908
Management fees                                                           254                                         254
                                                       ------        --------       -------          -----        ------- 
         Operating income                                  (9)          5,044         1,561             --          6,596
Other expenses (income):
Equity in (earnings) loss of subsidiaries                 337            (837)                         500             --
Interest expense                                                        6,883                                       6,883
Other (income) expense                                     (2)             86           131                           215
                                                       ------        --------       -------          -----        ------- 
         Income (loss) before income taxes               (344)         (1,088)        1,430           (500)          (502)
Income taxes (benefit)                                     (2)           (751)          593                          (160)
                                                       ------        --------       -------          -----        ------- 
         Net income (loss)                             $ (342)       $   (337)      $   837          $(500)       $  (342)
                                                       =======       =========      =======          ======       =======
</TABLE>





                                       13
<PAGE>   14



                          DAY INTERNATIONAL GROUP, INC.

            SUPPLEMENTAL COMBINING CONDENSED STATEMENT OF OPERATIONS
                        THREE MONTHS ENDED MARCH 31, 1998

<TABLE>
<CAPTION>
                                                                    DAY
                                                       DAY         INTER-
                                                     INTER-       NATIONAL          NON
                                                    NATIONAL        INC.         GUARANTOR
                                                   GROUP, INC.   (GUARANTOR)   SUBSIDIARIES   ELIMINATIONS   CONSOLIDATED
                                                   -----------   -----------   ------------   ------------   ------------

<S>                                                 <C>            <C>              <C>            <C>         <C>    
Net sales                                           $      --      $   31,320       $11,817        $           $  43,137
Cost of goods sold                                                     18,855         8,133                       26,988
                                                    ---------      ----------       -------        -------     --------- 
         Gross profit                                      --          12,465         3,684             --        16,149
Selling, general and administrative                        13           5,317         2,021                        7,351
Compensation and related transaction costs                             18,018                                     18,018
Amortization of intangibles                                               640            11                          651
Management fees                                                           235                                        235
                                                    ---------      ----------       -------        -------     --------- 
         Operating income                                 (13)        (11,745)        1,652             --       (10,106)
Other expenses (income):
Equity in loss (earnings) of subsidiaries              12,232            (980)                     (11,252)           --
Interest expense                                        2,797           4,254                                      7,051
Other (income) expense                                    (12)             29           193                          210
                                                    ---------      ----------       -------        -------     --------- 
         Income (loss) before income taxes
             and extraordinary items                  (15,030)        (15,048)        1,459         11,252       (17,367)
Income taxes (benefit)                                 (1,039)         (3,244)          479                       (3,804)
                                                    ---------      ----------       -------        -------     --------- 
         Income (loss) before
             extraordinary items                      (13,991)        (11,804)          980         11,252       (13,563)
Extraordinary losses on early
    extinguishment of debt                              3,124             428            --             --         3,552
                                                    ---------      ----------       -------        -------     --------- 
         Net income (loss)                          $ (17,115)     $  (12,232)      $   980        $11,252     $ (17,115)
                                                    ==========     ===========      =======        =======     ==========
</TABLE>







                                       14
<PAGE>   15


                          DAY INTERNATIONAL GROUP, INC.

            SUPPLEMENTAL COMBINING CONDENSED STATEMENT OF CASH FLOWS
                        THREE MONTHS ENDED MARCH 31, 1999

<TABLE>
<CAPTION>
                                                                    DAY
                                                      DAY          INTER-
                                                     INTER-       NATIONAL          NON
                                                    NATIONAL        INC.         GUARANTOR
                                                   GROUP, INC.   (GUARANTOR)   SUBSIDIARIES   ELIMINATIONS   CONSOLIDATED
                                                   -----------   -----------   ------------   ------------   ------------
<S>                                                  <C>             <C>          <C>             <C>            <C>      
Operating Activities:
Net income (loss)                                    $   (342)       $   (337)    $     837       $   (500)      $   (342)
  Adjustments to reconcile net
    income (loss) to net cash provided by
    (used in) operating activities:
  Depreciation and amortization                                         3,207           587                         3,794
  Equity in (earnings) loss of subsidiaries               337            (837)                         500             --
  Deferred income taxes and other                                        (720)                                       (720)
  Changes in operating assets and liabilities             (61)         (1,943)       (1,472)                       (3,476)
                                                     --------        --------     ---------       --------       --------
Net cash provided by (used in)
  operating activities                                    (66)           (630)          (48)                         (744)
Investing activities:
  Capital expenditures                                                   (882)         (720)                       (1,602)
                                                     --------        --------     ---------       --------       --------
Net cash used in investing activities                      --            (882)         (720)            --         (1,602)
Financing Activities:
  Net borrowings on credit facilities                      53                                                          53
                                                     --------        --------     ---------       --------       --------
Net cash provided by (used in)
   financing activities                                    53              --            --             --             53
Intercompany transfers and dividends                   (2,494)          2,525           (31)                           --
Effects of exchange rates on cash                                                       (53)                          (53)
                                                     --------        --------     ---------       --------       --------
Cash and Cash Equivalents:
Net increase (decrease) in cash and
  cash equivalents                                     (2,507)          1,013          (852)            --         (2,346)
Cash and cash equivalents at beginning of period        3,256            (955)        2,461                         4,762
                                                     --------        --------     ---------       --------       --------
Cash and cash equivalents at end of period           $    749        $     58     $   1,609       $     --       $  2,416
                                                     ========        ========     =========       ========       ========
</TABLE>





                                       15
<PAGE>   16


                          DAY INTERNATIONAL GROUP, INC.
            SUPPLEMENTAL COMBINING CONDENSED STATEMENT OF CASH FLOWS
                        THREE MONTHS ENDED MARCH 31, 1998

<TABLE>
<CAPTION>
                                                                    DAY
                                                      DAY          INTER-
                                                     INTER-       NATIONAL          NON
                                                    NATIONAL        INC.         GUARANTOR
                                                   GROUP, INC.   (GUARANTOR)   SUBSIDIARIES   ELIMINATIONS   CONSOLIDATED
                                                   -----------   -----------   ------------   ------------   ------------
<S>                                                <C>               <C>          <C>             <C>            <C>      
Operating Activities:
Net income (loss)                                  $  (17,115)       $(12,232)    $     980       $ 11,252       $(17,115)
  Adjustments to reconcile net
    income (loss) to net cash provided by
    (used in) operating activities:
  Extraordinary loss on early
     extinguishment of debt                             3,124             428                                       3,552
  Depreciation and amortization                                         2,716           395                         3,111
  Non-cash charge related to stock
    option awards                                                       8,585                                       8,585
  Equity in (earnings) loss of subsidiaries            12,232            (980)                     (11,252)            --
  Deferred income taxes and other                                      (4,317)                                     (4,317)
  Changes in operating assets and liabilities           6,354          (7,215)          933                            72
                                                   ----------        --------     ---------       --------       --------
Net cash provided by (used in)
  operating activities                                  4,595         (13,015)        2,308             --         (6,112)
Investing activities:
  Capital expenditures                                                 (1,057)         (419)                       (1,476)
                                                   ----------        --------     ---------       --------       --------
Net cash used in investing activities                      --          (1,057)         (419)            --         (1,476)
Financing Activities:
Proceeds from issuance of 2008 Notes                  111,134                                                     111,134
Proceeds from issuance of  exchangeable
   preferred stock                                     32,986                                                      32,986
Proceeds from issuance of term loans                   40,000                                                      40,000
Contributions from shareholders                         4,573                                                       4,573
Repayment of existing credit facility                 (30,000)                         (902)                      (30,902)
Repayment of bridge loan                             (140,000)                                                   (140,000)
Payment of consent fee                                 (6,500)                                                     (6,500)
Payments on the term loan                              (2,500)                                                     (2,500)
                                                   ----------        --------     ---------       --------       --------
Net cash provided by (used in)
   financing activities                                 9,693              --          (902)            --          8,791
Intercompany transfers and dividends                  (13,485)         13,485                                          --
Effects of exchange rates on cash                                                        90                            90
                                                   ----------        --------     ---------       --------       --------
Cash and Cash Equivalents:
Net increase (decrease) in cash and
  cash equivalents                                        803            (587)        1,077             --          1,293
Cash and cash equivalents at beginning of period          596            (320)          504                           780
                                                   ----------        --------     ---------       --------       --------
Cash and cash equivalents at end of period         $    1,399        $   (907)    $   1,581       $     --       $  2,073
                                                   ==========        ========     =========       ========       ========
</TABLE>


                                       16
<PAGE>   17

G. RECENTLY ISSUED ACCOUNTING STANDARD

In June 1998, the Financial Accounting Standards Board issued Statement of
Financial Accounting Standards No. 133, "Accounting for Derivative Instruments
and for Hedging Activities." Under the Statement, every derivative is recorded
in the balance sheet as either an asset or liability measured at its fair value.
Changes in the derivatives fair value will be recognized currently in earnings
unless specific hedge criteria are met.

Day will be required to adopt this standard for its fiscal 2000 financial
statements. Based on current hedging activities, Day does not anticipate this
standard to have a material effect on its financial statements.



                                       17
<PAGE>   18




                          DAY INTERNATIONAL GROUP, INC.
ITEM 2.              MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS


BASIS OF PRESENTATION

The following table sets forth, for the periods shown, net sales, cost of goods
sold, gross profit, selling, general and administrative expense ("SG&A"),
amortization of intangibles and operating income (loss) in millions of dollars
and as a percentage of net sales.

<TABLE>
<CAPTION>
                                                                     Three Months
                                                                     ------------
                                                                    Ended March 31
                                                                    --------------
                                                                1999               1998
                                                                ----               ----
                                                              $        %        $         %
                                                             ----    -----     ----     -----
<S>                                                          <C>     <C>       <C>      <C>  
Net sales................................                    42.5    100.0     43.1     100.0
Costs of goods sold......................                    26.7     62.8     27.0      62.6
Gross profit.............................                    15.8     37.2     16.1      37.4
SG&A.....................................                     8.1     19.1      7.4      17.2
Compensation and
     related transaction costs...........                      --       --     18.0      41.8
Amortization of intangibles..............                     0.9      2.1      0.7       1.6
Management Fees..........................                     0.2      0.5      0.2       0.5
Operating income (loss)..................                     6.6     15.5    (10.1)    (23.4)
</TABLE>

COMPARISON OF RESULTS OF OPERATIONS

Three Months Ended March 31, 1999 Compared to Three Months Ended March 31, 1998

Net sales decreased to $42.5 million for the three months ended March 31, 1999
from $43.1 million for the comparable period in 1998, a decrease of $0.6 million
or 1.4%. Image Transfer's sales increased to $35.2 million for the three months
ended March 31, 1999 from $34.1 million for the comparable period in 1998, an
increase of $1.1 million or 3.2%. The acquisition of Rotec Hulsensysteme GmbH
("Rotec") at the end of 1998 contributed $2.6 million to Image Transfer's net
sales in the three months ended March 31, 1999. Excluding sales contributed by
Rotec, Image Transfer sales decreased $1.5 million or 4.4% from the comparable
period in 1998. In early 1998, the Company's lead times were approximately ten
to twelve weeks. As a result of expanded capacity, the Company has been able to
reduce its lead times to approximately four weeks in the first quarter of 1999.
As a result of the shortened lead times, the Company's largest distributors were
reducing their inventory levels in the three months ended March 31, 1999
negatively impacting sales. Tubular sleeve sales continued to grow at over 30%
this quarter as 


                                       18
<PAGE>   19


new presses which utilize this technology are installed. Foreign currency
translation rate changes had no impact on Image Transfer's sales in the first
quarter of 1999 compared to the same period in 1998. Textiles' sales decreased
to $7.3 million for the three months ended March 31, 1999 from $9.0 million for
the comparable period in 1998, a decrease of $1.7 million or 18.9%. Textile
sales decreased across all markets. The largest decline occurred in Europe as a
result of a significant decline in sales to original equipment manufacturers
("OEM's"). The decline in sales to OEM's is a result of delays in purchasing of
new equipment by the major yarn manufacturers due to an overall slow down in the
world-wide yarn spinning industry that began in the second half of 1998 and
continued in the first quarter of 1999. Domestic sales were lower as increased
imports of low cost Asian yarns adversely impacted domestic yarn producers. At
the same time, domestic mills were faced with higher than normal inventories
causing several yarn spinning mills to be closed in the second half of 1998 and
the three months ended March 31, 1999. Export sales to Asian markets were
adversely impacted by the currency devaluations which occurred in 1998 making
the Day products more expensive. Sales to carpet and fiber glass manufacturers
remained strong.

Gross profit decreased $0.3 million to $15.8 million for the three months ended
March 31, 1999 from $16.1 million for the three months ended March 31, 1998. As
a percentage of net sales, gross profit remained relatively constant at 37.2%
for the three months ended March 31, 1999 compared to 37.4% for the three months
ended March 31, 1998. The major item affecting gross profit in the three months
ended March 31, 1999 was the lower sales volumes resulting in under-absorption
of fixed costs.

SG&A increased to $8.1 million for the three months ended March 31, 1999 from
$7.4 million for the comparable period in 1998, an increase of $0.7 million or
9.5%. Rotec accounted for $0.5 million of this increase. As a percentage of net
sales, SG&A increased to approximately 19.0% from 17.2%. The increase in SG&A as
a percent of sales is a result of the fixed component of SG&A supporting the
decreased sales volumes. Foreign currency translation rate changes had no impact
on SG&A in the first quarter of 1999 compared to the first quarter of 1998.

Amortization of intangibles increased to $0.9 million for the three months ended
March 31, 1999 from $0.7 million for the comparable period in 1998, an increase
of $0.2 million. The increase is a result of the amortization of the goodwill in
conjunction with the Rotec acquisition.

Operating income decreased to $6.6 million for the three months ended March 31,
1999 from $7.9 million, excluding the compensation and related acquisition
costs, for the comparable period in 1998, a decrease of $1.3 million or 16.5%.
As a percentage of net sales, operating income decreased to 15.5% for the three
months ended March 31, 1999 from 18.3% for the comparable period in 1998.

The effective tax rate, including the effect of the extraordinary item, for the
first quarter of 1999 was a benefit of 31.9% compared to a benefit of 26.5% for
the first quarter of 1998. The higher income tax benefit percentage in 1999
compared to 1998 is mainly a result of the establishment of a deferred tax
valuation allowance in 1998.


                                       19
<PAGE>   20

Foreign currency translation rates, collectively, had less than a 2% impact on
sales, gross margins and selling, general and administrative expenses in the
quarter ended March 31, 1999.

LIQUIDITY AND CAPITAL RESOURCES

The Company has historically generated funds from its operations and its working
capital requirements have not exhibited seasonal fluctuations. Utilizing
converters to distribute the majority of its products, the Company is able to
maintain relatively minimal levels of working capital as the converters carry
the majority of inventory and maintain the receivables of the end users.

Cash Flows From Operating Activities. Cash flows used in operations for the
three months ended March 31, 1999 were $0.7 million compared to $6.1 million for
the three months ended March 31, 1998. For the three months ended March 31,
1999, cash flows from operations were adversely impacted by a $3.4 million
increase in working capital requirements. Cash flows from operations in 1998
were impacted by $9.5 million of compensation and related transaction costs
associated with the Acquisition.

Cash Flows From Investing Activities. The Company's expenditures for property,
plant and equipment were $7.1 million, $5.1 million and $5.2 million for 1998,
1997 and 1996, respectively. The Company believes that capital expenditures of
$7.0 million to $9.0 million over the next several years will be sufficient to
maintain its market position. The Company expects to fund these capital
expenditures from cash flow from operations. Capital expenditures were $1.6
million and $1.5 million for the quarters ended March 31, 1999 and 1998,
respectively.

Cash Flows From Financing Activities. In the first quarter of 1999, the Company
borrowed $0.1 million on its revolving line of credit for working capital needs.
In the first quarter of 1998, the Company entered into a $60 million Senior
Secured Credit Facility, concurrent with the Acquisition. The facility consisted
of a $40 million Term Loan and a $20 million Revolving Credit Facility. During
the quarter ended March 31, 1998, the Company made $2.5 million in payments on
the Term Loan. The proceeds from the Term Loan were used to repay the Company's
then existing US Credit Facility and to pay certain of the expenses associated
with the Acquisition. As of March 31, 1999, there was $8.3 million outstanding
under the Revolving Credit Facility and the Company had approximately $10.9
million available under the Revolving Credit Facility (calculated by applying
the applicable borrowing base limitation).

Also, during the quarter ended March 31, 1998, the Company paid the holders of
the existing 2005 Notes a $6.5 million Consent Fee so as to permit the Company
to issue $115.0 million of 9 1/2% Senior Subordinated Notes due in 2008 (the
"2008 Notes") and $35.0 million of 12 1/4% Exchangeable Preferred Stock (the
"Exchangeable Preferred Stock"). The Consent Agreement also allowed the Company
to assume the $140.0 million Bridge Loan (the "Bridge Loan") of its new majority
shareholder. The proceeds from the issuance of the 2008 Notes and the
Exchangeable Preferred Stock were used to repay the Bridge Loan and to pay other
financing fees and expenses. The Company also 


                                       20
<PAGE>   21

received a capital contribution of $9.1 million from its majority shareholder in
the three months ended March 31, 1998 which was used to pay certain financing
fees and expenses.

As a result of the additional debt incurred by the Company in conjunction with
the Acquisition, the Company is highly leveraged. The Company's aggregate
indebtedness is approximately $257.6 million and the aggregate liquidation
preference of the Exchangeable Preferred Stock is $39.7 million.

The level of the Company's indebtedness could have important consequences
including: (i) a substantial portion of the Company's cash flow from operations
must be dedicated to debt service and will not be available for other purposes;
(ii) the Company's ability to obtain additional debt financing in the future for
working capital, capital expenditures, research and development or acquisitions
may be limited; (iii) the Company's level of indebtedness could limit its
flexibility in reacting to changes in its industries and economic conditions
generally.

The Company's ability to pay principal and interest on the Notes and dividends
on the Exchangeable Preferred Stock and to satisfy its other debt obligations,
including its debt obligations under the 2005 Notes, will depend upon its future
operating performance, which will be affected by prevailing economic conditions
and financial, business and other factors, certain of which are beyond its
control, as well as the availability of revolving credit borrowings under the
Revolving Credit Facility (which is subject to borrowing base limitations) or a
successor facility. The Company anticipates that its operating cash flow,
together with borrowings under the Revolving Credit Facility, will be sufficient
to meet its operating expenses and capital expenditures and to service its debt
requirements as they become due. However, there can be no assurance that the
Company's cash flow, availability under the Revolving Credit Facility and other
capital resources will be sufficient for payment of principal and interest on
its indebtedness, including the Senior Secured Credit Facility, the 2005 Notes
and the 2008 Notes, for the payment of periodic cash dividends on the
Exchangeable Preferred Stock, for any redemption of the Exchangeable Preferred
Stock for cash, or if the exchange debentures (the "Exchange Debentures") have
been issued in exchange for the Exchangeable Preferred Stock, the payment of
principal or cash interest on the Exchange Debentures. If the Company's cash
flow, availability under the Revolving Credit Facility and other capital
resources are insufficient to fund the Company's debt service obligations, the
Company may be forced to reduce or delay capital expenditures, to sell assets,
to restructure or refinance its indebtedness, or to seek additional equity
capital. There can be no assurance that any of such measures could be
implemented on satisfactory terms, or if implemented, would be successful or
would permit the Company to meet its debt service obligations.

Year 2000. The Year 2000 issue relates to the inability of information systems
to recognize and process date-sensitive information beyond January 1, 2000.

The Company recognizes the importance of the Year 2000 issue and is continuing
to make progress in its efforts to identify and rectify all potential Year 2000
problems related to its Information Technology ("IT") systems, manufacturing
equipment, vendors and customers.


                                       21
<PAGE>   22

A Year 2000 committee has been established consisting of senior members of
management along with members of the IT and the facilities' engineering
departments. The committee's objective is to ensure that the Company will be
able to continue to service its customers, both internal and external, after
January 1, 2000. The scope of the Year 2000 project includes (i) information
technology, both hardware and software; (ii) non-IT systems or embedded
technology such as micro controllers contained in various manufacturing and lab
equipment, environmental and safety systems, facilities and utilities; and (iii)
readiness of key third parties, including suppliers and customers and electronic
data interchange, where applicable, with those key third parties. If the
necessary modifications and conversions are not made on a timely basis, the Year
2000 issue could have a material impact on the Company's operations.

The Company is using internal resources, and where necessary, external resources
to perform most of the testing and remediation functions. Upgrades to the
Company's business system have commenced and are anticipated to be completed and
tested by the end of July 1999. A complete inventory of all equipment
(manufacturing and otherwise) has been completed and communication with the
manufacturers of the equipment has commenced to determine whether the equipment
is Year 2000 compliant. Letters have been sent to all significant vendors and
customers requesting them to confirm the status of their Year 2000 projects.
Responses have been received from a majority of the vendors and customers and
follow-up efforts are in process with those who have not yet responded.

The Company's historical and estimated costs of remediation of all potential
Year 2000 problems have not been and are not anticipated to be material to the
Company's results of operations or financial position, and will be funded
through operating cash flows. Total costs associated with the remediation of the
Year 2000 issues (including systems, software, and non-IT systems replaced as a
result of Year 2000 issues) are currently estimated to be less than $1 million.
The largest cost factor to date has been the expenditure of management and
associates' time in attention to Year 2000 and related issues. Estimated
remediation costs are based on management's best estimates. There can be no
guarantee that these estimates will be achieved and actual results could differ
materially from those anticipated, particularly if unanticipated Year 2000
issues arise.

While the Company expects to make the necessary modifications or changes to both
its internal IT and non-IT systems and existing product base in a timely
fashion, there can be no assurance that the Company's internal systems will not
be materially adversely affected by the advent of Year 2000.

In the event of a failure as a result of Year 2000 issues, the Company could
lose or have trouble accessing accurate internal data, resulting in incomplete
or inaccurate accounting of Company financial results, the Company's
manufacturing operating systems could be impaired, and the Company could be
required to expend significant resources to address such failures. In an effort
intended to minimize potential disruption to its internal systems, the Company
intends to perform additional hard-disk back-up of its rudimentary systems and
critical information in advance of the Year 2000.

Similarly, in the event of a failure as a result of Year 2000 issues in any
systems of third parties with whom the Company interacts, the Company could lose
or have trouble accessing or receive inaccurate 


                                       22
<PAGE>   23

third party data, experience internal and external communications difficulties
or have difficulty obtaining components that are Year 2000 compliant from its
vendors. The Company could also experience a slowdown or reduction of sales if
customers are adversely affected by Year 2000 issues. In an effort to mitigate
the potential impact of any failures, the Company is developing and documenting
a contingency plan for each critical area of the business. The contingency plan
is also expected to be completed by the end of July 1999.

Euro. The Company began accepting orders in the Euro and making payments in the
Euro effective January 1, 1999. Business system upgrades that allow for
transactions in the Euro are installed at the Company's European facilities.
Customers and suppliers have been contacted indicating the Company's ability to
transact business in the Euro on January 1, 1999 and price lists have been
modified accordingly. The Company does not anticipate any material impact to its
revenues, expenses or results of operations as a result of the adoption of the
Euro.






                                       23
<PAGE>   24




                          DAY INTERNATIONAL GROUP, INC.
                           Part II: Other Information

Item 1. Legal Proceedings - None

Item 2. Changes in Securities and Use of Proceeds - None

Item 6. Exhibits and Reports on Form 8-K

         a.   Reports on Form 8-K - None

         b.   Exhibits

              27  Financial Data Schedule


                                    SIGNATURE

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


                                                  Day International Group, Inc.
                                                  -----------------------------
                                                          (Registrant)

Date:   May 14, 1999                              /s/ David B. Freimuth
        -------------                             ----------------------
                                                  David B. Freimuth
                                                  Vice President and
                                                    Chief Financial Officer



                                       24