<SUBMISSION>
<ACCESSION-NUMBER>0000950136-03-002741
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20031111
<ITEMS>7
<ITEMS>9
<FILING-DATE>20031112
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>BHA GROUP INC
<CIK>0000801128
<ASSIGNED-SIC>3564
<IRS-NUMBER>431416730
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0930
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-15045
<FILM-NUMBER>03990315
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>8800 E 63RD ST
<CITY>KANSAS CITY
<STATE>MO
<ZIP>64133
<PHONE>8163568400
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>8800 E 63RD STREET
<CITY>KANSAS CITY
<STATE>MO
<ZIP>64133
</MAIL-ADDRESS>
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<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>file001.txt
<DESCRIPTION>FORM 8-K
<TEXT>
<PAGE>



                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                 ----------------------------------------------


                                    FORM 8-K


                 CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d)
                   OF THE SECURITIES AND EXCHANGE ACT OF 1934


                DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
                                NOVEMBER 11, 2003


                            BHA Group Holdings, Inc.
             -------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)


            Delaware                      0-15045              43-1416730
---------------------------------  --------------------- -----------------------

(State or Other Jurisdiction of      (Commission File      (I.R.S. Employer
 Incorporation or Organization)          Number)          Identification Number)


     8800 East 63rd Street, Kansas City, Missouri                   64133
--------------------------------------------------------------------------------
       (Address of Principal Executive Offices)                  (Zip Code)


Registrant's telephone number, including area code:            (816) 356-8400
                                                           ---------------------


Former name or former address, if changed, since last report:    Not applicable
                                                               -----------------



<PAGE>


ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

(c) Exhibit 99.1, press release dated November 11, 2003 announcing earnings for
the year ended September 30, 2003.

ITEM 9.  DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

In accordance with guidance from the Securities and Exchange Commission in
Release number 33-8216, the information furnished under this Item 9 ("Regulation
FD Disclosure") is intended to be furnished under Item 12 ("Results of
Operations and Financial Condition"). The information in this Current Report on
Form 8-K and the Exhibit attached hereto shall not be deemed to be "filed" for
the purposes of Section 18 of the Securities Exchange Act of 1934, as amended,
or otherwise subject to the liabilities of that section.

On November 11, 2003, BHA Group Holdings, Inc. issued a press release (the
"Press Release") in which the Company announced its operating results for the
year ended September 30, 2003. A copy of the Press Release is attached as
Exhibit 99.1.







                                   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 hereunto duly authorized.


                                 BHA GROUP HOLDINGS, INC.


                                 /s/ James E. Lund
                                 -----------------------------------------------
                                 James E. Lund
                                 President and Chief Executive Officer


DATED:  November 11, 2003







<PAGE>


EXHIBIT INDEX

Exhibit No         Description
----------         -----------
99.1               Press Release






</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>file002.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
<PAGE>


FOR IMMEDIATE RELEASE                                    CONTACT:  JAMES C. SHAY
BHA-0308                                                   SENIOR VICE PRESIDENT
November 11, 2003                                        CHIEF FINANCIAL OFFICER
8:30 A.M. ET                                       (816) 356-8400, Extension 336


                       BHA GROUP HOLDINGS, INC. ANNOUNCES
                    RECORD OPERATING RESULTS FOR FISCAL 2003

BHA Group Holdings Inc. (NASDAQ-BHAG) reports that consolidated income for its
fiscal year ended September 30, 2003 was $10.0 million or $1.53 per diluted
share. Net income, including the impact of a charge relating to a change in
accounting for goodwill, was $6.6 million or $1.04 per diluted share during
fiscal 2002. Income before the cumulative effect of the change in accounting for
the prior year was $7.8 million or $1.23 per diluted share. Consolidated net
income for the three months ended September 30, 2003 was $2.0 million or $.30
per diluted share. This compares to $1.4 million or $.22 per diluted share for
the same period in the prior year.

Commenting on the results, James E. Lund, President and Chief Executive Officer,
said, "BHA is pleased to announce record sales, earnings and cash flows for
fiscal 2003. The Company performed well while operating in a challenging
business environment. Success during the year was attributable to continued
improvement in the operating results of BHA Technologies and an increase in ESP
rebuild work for electric utility customers. These areas have offset weakness in
worldwide sales of fabric filter replacement parts and services. BHA is
announcing an increase in its annual cash dividend which reflects the Company's
confidence in its business plans and solid financial position."

The following table summarizes BHA's revenues and pre-tax income by segment
(dollars in millions):

<TABLE>
<CAPTION>

                                                               QUARTER ENDED                       YEAR ENDED
                                                               SEPTEMBER 30,                      SEPTEMBER 30,
                                                           2003             2002              2003             2002
                                                           ----             ----              ----             ----
<S>                                                      <C>               <C>              <C>             <C>
REVENUES
Domestic Air Pollution Control (APC) Segment
     U.S. Fabric Filter                                     16.7              16.4             71.2              73.9
     U.S. Electrostatic Precipitator (ESP)                   8.6               5.8             51.7              39.4
     U.S. Exports to Latin America and Asia                  4.3               4.6             15.8              17.8
                                                          ------            ------           ------           -------
         Total Domestic APC Segment                         29.6              26.8            138.7             131.1
Europe APC Segment                                           9.3               5.9             27.4              22.2
BHA Technologies Segment                                     4.8               2.4             15.4              12.3
                                                          ------            ------           ------           -------
     TOTAL REVENUES                                         43.7              35.1            181.5             165.6
                                                          ======            ======           ======           =======

PRE-TAX EARNINGS
Domestic APC Segment                                         1.7               1.7             11.6              10.3
Europe APC Segment                                           0.4               0.1              0.5               0.5
BHA Technologies Segment                                     1.0               0.3              2.9               1.0
                                                          ------            ------           ------           -------
     TOTAL PRE-TAX EARNINGS                                  3.1               2.1             15.0              11.8
                                                          ======            ======           ======           =======
</TABLE>





<PAGE>



REVENUES
Consolidated revenues for the fiscal year increased 10% over the prior year.
Revenues for the Domestic Air Pollution Control (APC) segment increased 6% led
by higher sales of ESP replacement parts and services to customers in the
electric utility industry. The increase in sales for the ESP portion of the
Domestic APC segment was offset in part by a decline in sales of fabric filter
replacement parts in the U.S. and export markets which corresponds to the
continued weakness in the manufacturing sector of those economies. On a U.S.
dollar basis, Europe APC segment sales for the fiscal year rose 23% over the
prior year. On a local currency basis, sales in Europe increased 4%. BHA
Technologies' sales to third parties for the fiscal year increased by 25% over
the prior year due to continued success in selling membrane products for use in
non-consumer apparel applications and other industrial products.

Consolidated revenues for the quarter increased 25% over the prior year as sales
rose in all three business segments. For the quarter, overall sales in the APC
segment increased by 10%. Within this segment, sales of fabric filter and ESP
parts and services to customers in the U.S increased by 2% and 48%,
respectively. The increase in year-over-year ESP parts and service shipments was
attributable to the timing of execution of larger projects. Export sales of APC
parts and services within the Domestic APC segment decreased by 7%. Quarterly
sales for the Europe APC segment increased 58% on a U.S. dollar basis due to the
combination of exchange rate differences and an increase in larger project work.
On a local currency basis, Europe APC segment sales for the final three months
of the current year increased 42% over the prior year. BHA Technologies' sales
of ePTFE membrane products to third parties for the current quarter doubled due
to an increase in customer orders under existing supply agreements.

PRE-TAX EARNINGS
For the fiscal year, earnings before taxes and the cumulative effect of an
accounting change increased $3.2 million or 27% as compared to the prior year.
The strong results were attributable to the combination of revenues increasing
by 10% and operating margins as a percentage of sales increasing from 7.5% in
fiscal 2002 to 8.5% in fiscal 2003.

Pre-tax earnings for the fourth quarter increased 48% to $3.1 million from $2.1
million for the same period in the prior year. The increase was attributable to
higher sales and operating margins.

INCOME TAXES
The Company's consolidated effective income tax rate for fiscal 2003 was 33.8%
compared to 33.4% in fiscal 2002. The consolidated effective income tax rates
for the three months ended September 30, 2003 and 2002 were 36.9% and 32.6%,
respectively. The higher tax rate for the fourth quarter of the current year was
attributable to the mix of profits within the various tax jurisdictions of the
Company's international operations.

CASH FLOWS
For fiscal 2003 and 2002, the Company generated $19.8 million and $17.1 million,
respectively, in cash flows from operations. In fiscal 2003, cash flows from
operations were used to fund capital expenditures of $3.1 million, repay bank
obligations of $6.1 million, pay a cash dividend of $0.7 million and repurchase
treasury shares for $1.9 million.

CASH DIVIDENDS
During the past three fiscal years, the Company has generated a total of $53.4
million in cash flows from operations. These cash flows have been used primarily
to invest in future growth initiatives and strengthen the overall balance sheet
of the Company. Historically, the Company has been paying cash dividends that
total $.12 per year. The Company is announcing that the Board of Directors has
approved an annual cash dividend of $.50 per share payable on December 2, 2003
to shareholders of record on November 21, 2003. The increase in the annual cash
dividend being paid is reflective of the Company's



<PAGE>


confidence in the ongoing strength and reliability of estimated future cash
flows. In making its determination, the Company's Board of Directors also
considered that cash dividends have become more efficient as a means to increase
returns to shareholders considering the U.S. tax legislation passed earlier this
year. Future determinations relating to the amount and timing of cash dividends
will be made at the discretion of the Board of Directors and the Company cannot
provide any assurance with respect to dividend payments moving forward.

BACKLOG
BHA's order backlog was $60.4 million at September 30, 2003. This compares with
order backlogs of $59.1 million at June 30, 2003 and $57.8 million at September
30, 2002. Approximately $44.0 million (73%) of the backlog at September 30, 2003
is scheduled to ship within the next 12 months. At September 30, 2002,
approximately $55.0 million of the backlog was scheduled for shipment during
fiscal 2003. The decline in backlog scheduled to ship within the next 12 months
primarily relates to ESP parts and services sold in the U.S.

OUTLOOK
One of the Company's primary business goals is to increase compounded earnings
per share at a 12% to 15% rate over time. During the past three fiscal years,
the Company's consolidated earnings per diluted share have increased at a 19%
compounded rate. The overall financial condition of the Company has improved as
the Company's bank borrowings, net of cash, have been reduced by $30.0 million
during that same period. The Company's earnings growth has been the result of an
increase in ESP parts and service work for electric utility customers in the
U.S. and by success in BHA Technologies. These areas of the Company's business
have provided strength to offset the overall weakness the Company has
experienced in its worldwide fabric filter replacement parts and service
business. Although its financial results have been mixed, the Company believes
it has improved its market position and competitive advantage in all of its
major business areas. The following are various factors for consideration as the
Company moves into fiscal 2004:

     o    Publicly available information provides an indication that the U.S.
          economy is starting to show signs of improvement. Based on historical
          trending, the Company continues to believe that improvement in its
          market for the sale of fabric filter replacement parts and services
          will likely trail an improvement in overall manufacturing conditions
          by as much as six months. The Company has not seen a significant
          improvement in business conditions and expects that competition will
          remain intense for at least the next several quarters. The Company
          believes that it has the best products, people and approach to service
          this market. These factors, combined with a lower cost structure, are
          expected to benefit the Company as business conditions improve.

     o    During the past three years, the Company believes it has established
          itself as the premier supplier for ESP replacement parts, services and
          rebuilds in the U.S. The Company has also been successful in expanding
          this business in certain international markets. The Company's overall
          ESP replacement parts and service results were strong during fiscal
          2003. The Company's system for tracking project work to be executed
          over the next few years provides an indication that this market will
          continue to provide good opportunity for BHA. However, based on
          current information, the Company believes that the total market for
          ESP rebuild work executed by customers during the fall 2003 and spring
          2004 outage seasons will be less than the same periods in the prior
          year. The Company expects that this will create a difficult sales and
          earnings comparison for this portion of its business during the
          upcoming fiscal year including the first quarter. Preliminary
          information available to the Company provides an indication that
          business should again start to increase during the fall 2004 and
          spring 2005 outage seasons. This factor, combined with the Company's
          existing backlog of business scheduled for the next fiscal year, are
          early positive indicators of potential results for fiscal 2005.


<PAGE>


     o    The Company is pleased with its sales and earnings growth in the BHA
          Technologies segment. The Company believes this segment is well
          positioned for additional growth during fiscal 2004. Incremental third
          party revenues within this segment are likely to be structured under
          multi-year supply arrangements with new customers. The extent to which
          this segment will increase its sales and earnings will be dependent
          upon the timing of final product commercialization and order execution
          in its target markets.

Due to the factors discussed above, visibility with respect to future results
beyond 90 days remains a challenge. For more information, you should refer to
the sections entitled, "Outlook" and "Factors Affecting Earnings and Share
Price" included in the Company's Annual Report on Form 10-K filed with the
Securities and Exchange Commission on November 11, 2003. The following is
specific guidance being provided for the first quarter of fiscal 2004:

     o    For the first quarter of fiscal 2003, the Company anticipates that
          consolidated net sales will decrease by 10% to 15% as compared to the
          same quarter in the prior year.

     o    Earnings for the first quarter of fiscal 2004 are expected to be in
          the range of $.33 to $.38 per diluted share as compared to $.45 for
          the same period in the prior year.

     o    The lower projected sales and earnings for the first quarter are due
          to the expected decline in ESP parts and service work for customers in
          the U.S., which is discussed elsewhere in this news release.

OTHER ACTIONS
The Company reports that it has accumulated 2.6 million of the 4.0 million
shares of BHA common stock authorized by its Board of Directors for repurchase.

BHA Group Holdings, Inc. is a world leader in innovative filtration technology.
Its two principal operating subsidiaries are BHA Group, Inc., the world's
largest supplier of replacement parts and services for industrial air pollution
control systems, and BHA Technologies, Inc., which manufactures and markets
expanded polytetrafluoroethylene (ePTFE) membrane products for use in a variety
of industrial and consumer products.

This press release contains forward-looking statements that reflect the
Company's current views with respect to future events and financial performance.
These statements are subject to certain risks and uncertainties that could cause
actual results to differ materially from historical results or those
anticipated. The words "should," "believe," "anticipate," "expect" and other
expressions that indicate future events and trends identify forward-looking
statements. Actual future results and trends may differ materially from
historical results or those anticipated depending on a variety of factors,
including, but not limited to, the performance of newly established domestic and
international operations, demand and price for the Company's products and
services and other factors. You should also consult the sections entitled
"Factors Affecting Earnings and Stock Price" and "Management's Discussion and
Analysis" included in the Company's report on Form 10-K filed with the
Securities & Exchange Commission on November 11, 2003.











<PAGE>



                            BHA GROUP HOLDINGS, INC.
                   CONDENSED CONSOLIDATED STATEMENT OF INCOME
                                & BALANCE SHEETS
                     (IN MILLIONS EXCEPT PER SHARE AMOUNTS)

<TABLE>
<CAPTION>

                                                                QUARTER ENDED                       YEAR ENDED
                                                                SEPTEMBER 30                       SEPTEMBER 30
                                                            2003             2002              2003             2002
                                                            ----             ----              ----             ----
<S>                                                        <C>              <C>               <C>              <C>
Net sales                                                  $ 43.7            $ 35.1           $181.5            $165.6
                                                           ------            ------           ------            ------
Gross margin                                                 14.3              12.1             58.1              52.3
Operating expense                                            11.1               9.9             42.7              40.0
Interest expense, net                                          .1                .1               .4                .6
                                                           ------            ------           ------            ------
Earnings before income taxes                                  3.1               2.1             15.0              11.7
Income tax expense                                            1.1                .7              5.0               3.9
Cumulative effect of accounting change                         --                --               --              (1.2)
                                                           ------            ------           ------            ------
Net income                                                 $  2.0            $  1.4           $ 10.0            $  6.6
                                                           ======            ======           ======            ======
Diluted shares outstanding                                    6.6               6.4              6.5               6.4
                                                           ======            ======           ======            ======
Diluted earnings per share                                 $ 0.30            $ 0.22           $ 1.53            $ 1.04
                                                           ======            ======           ======            ======
Diluted earnings per share before
     effect of accounting change (a)                       $ 0.30            $ 0.22           $ 1.53            $ 1.23
                                                           ======            ======           ======            ======

Depreciation and amortization                              $  1.3            $  1.6           $  5.8            $  5.5
                                                           ======            ======           ======            ======
</TABLE>

(a)  During fiscal 2002, the Company adopted Statement of Accounting Standards
     No. 142, "Accounting for Goodwill and Other Intangible Assets" which
     resulted in the $1.2 million cumulative effect of accounting change in the
     table above.

The earnings per share figures in this press release are computed on a "diluted"
basis as defined under Statement of Financial Accounting Standards No. 128,
"Earnings per Share."

<TABLE>
<CAPTION>

                                                        SEPTEMBER 30            SEPTEMBER 30,
                                                            2003                     2002
                                                            ----                     ----
<S>                                                     <C>                    <C>
Cash and equivalents                                    $   18.8                 $   13.8
Accounts receivable                                         28.8                     28.6
Inventories                                                 23.5                     24.2
Other current assets                                         5.2                      5.5
                                                        --------                 --------
     Total current assets                                   76.3                     72.1
PP&E and other assets                                       40.4                     41.4
                                                        --------                 --------
Total assets                                            $  116.7                 $  113.5
                                                        ========                 ========

Current debt and lease payments                         $    2.5                 $    2.6
Accounts payable and accruals                               23.5                     23.0
                                                        --------                 --------
     Total current liabilities                              26.0                     25.6
Long-term debt and capital leases                           12.2                     17.8
Other liabilities                                            3.1                      2.7
                                                        --------                 --------
Total liabilities                                           41.3                     46.1
Stockholders' equity                                        75.4                     67.4
                                                        --------                 --------
Total liabilities and stockholders' equity              $  116.7                 $  113.5
                                                        ========                 ========
</TABLE>


                                       ###




</TEXT>
</DOCUMENT>
</SUBMISSION>
