<ARTICLE> 5 <CIK> 0001042422 <NAME> HEDSTROM HOLDINGS INC <MULTIPLIER> 1,000 <PERIOD-TYPE> 5-MOS YEAR 6-MOS <FISCAL-YEAR-END> DEC-31-1996 JUL-31-1996 DEC-31-1997 <PERIOD-START> AUG-01-1996 AUG-01-1995 JAN-01-1997 <PERIOD-END> DEC-31-1996 JUL-31-1996 JUN-30-1997 <CASH> 533 7,988 3,165 <SECURITIES> 0 0 0 <RECEIVABLES> 14,091 23,825 71,664 <ALLOWANCES> 505 441 1,433 <INVENTORY> 23,816 21,774 47,120 <CURRENT-ASSETS> 43,652 57,103 127,706 <PP&E> 33,817 32,519 53,769 <DEPRECIATION> 12,074 10,519 11,327 <TOTAL-ASSETS> 72,075 85,024 349,912 <CURRENT-LIABILITIES> 34,066 40,302 58,118 <BONDS> 41,106 43,048 247,462 <PREFERRED-MANDATORY> 0 0 0 <PREFERRED> 0 0 0 <COMMON> 329 329 676 <OTHER-SE> (3,426) 2,003 43,656 <TOTAL-LIABILITY-AND-EQUITY> 72,075 85,024 349,912 <SALES> 23,944 133,194 104,051 <TOTAL-REVENUES> 23,944 133,194 104,051 <CGS> 21,973 105,068 73,579 <TOTAL-COSTS> 21,973 105,068 73,579 <OTHER-EXPENSES> 0 0 0 <LOSS-PROVISION> 64 0 0 <INTEREST-EXPENSE> 2,115 5,896 4,709 <INCOME-PRETAX> (7,640) (11,973) 9,521 <INCOME-TAX> (2,869) 3,857 3,536 <INCOME-CONTINUING> (4,771) (8,116) 3,536 <DISCONTINUED> 0 0 0 <EXTRAORDINARY> 0 0 0 <CHANGES> 0 0 0 <NET-INCOME> (4,771) (8,116) 5,985 <EPS-PRIMARY> (0.07) (0.12) 0.09 <EPS-DILUTED> (0.07) (0.12) 0.09