8-K

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549


FORM 8-K

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

Date of Report (Date of earliest event reported):   January 10, 2008

MET-PRO CORPORATION
(Exact name of registrant as specified in its charter)

Pennsylvania	001-07763	23-1683282
(State or other jurisdiction of	(Commission File Number)	(I.R.S. Employer
incorporation or organization)		Identification No.)

160 Cassell Road, P.O. Box 144
Harleysville, Pennsylvania	19438
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (215) 723-6751

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01.  Regulation FD Disclosure.

Met-Pro Corporation issued a press release on January 7, 2008, a copy of which is attached to this Report as Exhibit 99.1. The press release was issued in connection with Met-Pro’s participation in Needham & Company’s Growth Stock Conference on January 10, 2008. At that conference, Met-Pro’s Chief Executive Officer, Raymond J. De Hont, and its Chief Financial Officer, Gary J. Morgan, presented a PowerPoint slide presentation that is attached to this Report as Exhibit 99.2.

The information furnished under Item 9 of this Report shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended. This Current Report on Form 8-K shall not be deemed a determination or an admission by Met-Pro as to the materiality of any information in this Report.

Item 9.01                       Financial Statements and Exhibits.

(d) Exhibits

SIGNATURE

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

      Date:  January 14, 2008

MET-PRO CORPORATION

By: /s/ Raymond J. De Hont

Raymond J. De Hont,

President and Chief Executive Officer

Exhibit Index

Exhibit	Description
99.1	Press release issued January 7, 2008
99.2	PowerPoint slide presentation shown at Needham & Company conference on January 10, 2008

EX-99.1

Date:	January 7, 2008
For Release:	Immediate
Contact:	Investor Contact:
	Gary J. Morgan, Senior Vice President of Finance, CFO
	215-723-6751, gmorgan@met-pro.com

Met-Pro Corporation to Present at the

10th Annual Needham & Company Growth Stock Conference

Harleysville, PA, January 7–Met-Pro Corporation (NYSE:MPR) today announced that Raymond J. De Hont, Chairman and Chief Executive Officer and Gary J. Morgan, Senior Vice President of Finance and Chief Financial Officer will present at the 10th Annual Needham & Company Growth Stock Conference in New York, New York on Thursday, January 10, 2008 beginning at 3:00 p.m. Eastern Time.

A copy of the presentation materials will also be available on the Company's website at www.met-pro.com on the same date.

About Met-Pro

Met-Pro Corporation, with headquarters at 160 Cassell Road, Harleysville, Pennsylvania, was recently recognized, for the second consecutive year, as one of America’s “200 Best Small Companies” by Forbes magazine. The Company was also recently named as one of America’s “Top Publicly-Held Manufacturers” by Start-It magazine. Through its business units, in the United States, Canada, Europe and The People's Republic of China, a wide range of products and services are offered for industrial, commercial, municipal and residential markets worldwide. These include product recovery and pollution control technologies for purification of air and liquids; fluid handling technologies for corrosive, abrasive and high temperature liquids; and filtration and purification technologies including proprietary water treatment chemicals and filter products. For more information, please visit www.met-pro.com.

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain information included in this press release, and other materials filed or to be filed with the Securities and Exchange Commission (as well as information included in oral or other written statements made or to be made by the Company) contain statements that are forward-looking. Such statements may relate to plans for future expansion, business development activities, capital spending, financing, the effects of regulation and competition, or anticipated sales or earnings results. Such information involves risks and uncertainties that could significantly affect results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company. These risks and uncertainties include, but are not limited to, those relating to, the cancellation or delay of purchase orders and shipments, product development activities, computer systems implementation, dependence on existing management, the continuation of effective cost and quality control measures, retention of customers, global economic and market conditions, and changes in federal or state laws.

Met-Pro common shares are traded on the New York Stock Exchange, symbol MPR.

To obtain an Annual Report or additional information on the Company, please call 215-723-6751 and ask for the Investor Relations Department, or visit the Company’s Web site at www.met-pro.com.

EX-99.2

This presentation includes forward-looking statements
which reflect the Company’s current views with respect
to future events and financial performance, but involve
uncertainties that could significantly impact results. The
Private Securities Litigation Reform Act of 1995
provides a “safe harbor” for such forward-looking
statements.

Safe Harbor Statement

This presentation contains non-GAAP financial measures
within the meaning of Regulation G promulgated by the
Securities and Exchange Commission. A reconciliation of
these non-GAAP financial measures to their comparable
financial measures, calculated in accordance with
generally accepted accounting principals in the United
States (“GAAP”), are set forth in Met-Pro’s current report
on Form 8-K.

Non-GAAP Financial Measures

Non-GAAP Financial Measures

Company Profile

§Leading niche-oriented global provider of:

–Product recovery and pollution control
products and services

–Fluid handling products and services

§Diversified portfolio of global businesses
and product lines

§Track record of strong financial performance
over 41 year operating history

Fluid Handling
26%

Filtration/
Purification
22%

Product Recovery/
Pollution Control
52%

Revenue Breakdown

Business Segmentation -
Leveraging Synergies

Business Segmentation -
Leveraging Synergies

Date
Acquired

Centrifugal metal pumps for chemical, petrochemical,
hot oil and hot water applications with temperatures
up to 850° F

Thermoset fiberglass reinforced plastic (“FRP”)
centrifugal pumps with flows up to 5,000 GPM

Thermoplastic pumps with flows up to 250 GPM

Chemical and biological odor control systems, fume
and gas scrubbers, air strippers and fans

Pulse-jet fabric filters, cartridge collectors
and cyclones

Patented Tri-Stack™ mixed flow fans for laboratory
fume hood exhaust systems

Catalytic, thermal and regenerative thermal oxidation
systems

Duall

Flex-Kleen

Strobic Air

Systems

Business Unit

Description

1988

1998

1996

1966

1984

1971

1971

Custom pleating, filters, cartridges and filter housings

Horizontal disc, cartridge, bag, carbon and oil
absorbing filters

Proprietary chemicals for treatment of municipal,
industrial and commercial water systems

1971

1971
(2002)(1)

1993

(1)Merger of Stiles-Kem (acquired in 1971) and Pristine Hydrochemical Inc. (acquired 2002)

Business Units

Business Units

Mefiag Filter System

Flex-Kleen Pulse-Jet
Cartridge Dust Collector

Fybroc FRP Pumps

Strobic Air Patented
Tri-Stack™ Fan

Dean
Metallic Pumps

Sethco
Thermoplastic
Pumps

Keystone

Custom Filter
Cartridges

Duall AroBIOS™ Bioscrubber

Pristine Water
Treatment
Chemicals

Products from Single Units…

Dean High
Temperature Pumps

Fybroc FRP Pumps

Mefiag Filter Systems

Duall Multi Component
Hot Gas Scrubber System

Flex-Kleen
Bag Houses

Systems Rotary
Concentrator and
Recuperative

Thermal Oxidizer

Strobic Air Patented
Tri-Stack™ Fans

…to Large, Complex Projects

Harleysville, PA

Telford, PA
Hatfield, PA

Barrie, Ontario,
Canada

Anaheim, CA

Minot, ND

Waukegan, IL

Glendale Heights, IL
Owosso, MI
Indianapolis, IN

Guangzhou,
People’s Republic
of China

Vernoille,
France

Heerenveen,
The Netherlands

Locations of Facilities

Investment Highlights

§High margin business with 40% recurring parts and consumables sales

§Growing business with:

–Strong organic growth

•Diverse, synergistic product offering

•Strong brand recognition

•Multiple end markets

•Loyal and diverse customer base

–Expanding global presence

–Gross margin improvement

–Opportunity to leverage fixed operating cost structure

–Disciplined strategic acquisitions

§Outsourcing minimizes growth constraints and reduces risks during
downturns

§Experienced management team supported by strong Board of Directors

§Strong balance sheet

§Dividends paid for thirty-three consecutive years

Growth Drivers

§Favorable regulatory environment

§Worldwide industrialization in
emerging markets

§Reduction of energy consumption

§Upgrade and retro-fit opportunities

§End market expansion

§Growing brand awareness worldwide

§Process control and protection of
downstream equipment

§Performance improvement

Growth Strategies

§Increase penetration in existing markets
through cross-selling

§Expand geographic reach

§Globally penetrate new markets

§New product development

§Strategic acquisitions and technology
licensing agreements

§Global sourcing

§Strong customer focus

–Pricing power

–Single source solutions

–Centralize purchasing function

•Global sourcing

•Volume discounts

–Consolidation

–Improved project execution

–Leverage operating expenses

–Higher margin international sales

Margin Improvement Strategies

§Grow operating margin by 4 to 5 percentage points

Competitive Environment

§Competition highly fragmented

–Large competitors

•Not niche oriented

–Small competitors

•Limited products and services

•Limited geographic coverage

•Limited financial strength

§No single competitor across full range of products

§Outsourcing

–Minimizes growth constraints

–Reduces customer freight expense

§Met-Pro recognized as one of top suppliers in the niches
in which we compete

§Diversity of products and knowledge of market niches

Customers & Major Markets

§Over 8,000 active customers

–Large cross-section of industries
including Fortune 1000 companies

§Major markets include

–Pharmaceutical

–Chemical/petrochemical

–Food processing

–Metal finishing

–Saltwater aquariums

–Refinery

–Semiconductor/electronics

–Municipalities

–Universities

–Hospitals/public health

–Government facilities

For FYE 1/31

First
Nine Months

$68.9

First
Nine Months

$77.6

Net Sales

International Sales (Millions)
For FYE 1/31

$14.3
First Nine
Months

For FYE 1/31/2007

Strong International Sales Growth

For FYE 1/31

(a)

(a)

(a)

$9.2

First
Nine Months

$5.2
First
Nine Months

$7.0

(b)

(a)Adjusted for (i) $0.2 million of non-recurring costs in the FYE 2007 related to the relocation of the Company’s Sethco and Mefiag
business units and the expansion of the Company’s Netherlands and Telford, Pennsylvania facilities, (ii) a one time loss
amounting to $0.2 million on the curtailment of pension benefits in the FYE 2007, and (iii) an increase in the estimated tax rate
primarily related to a reduction in the tax benefit provided by R&D tax credits in the amount of $0.6 million in FYE 2006, of which
$0.5 million related to the three year period ended 1/31/2005.

(b)Including gain on sale of building.

(c)Excluding gain on sale of building.

(c)

Adjusted Net Income

For FYE 1/31

(a)Adjusted for (i) $0.2 million of non-recurring costs in the FYE 2007 related to the relocation of the Company’s Sethco and Mefiag
business units and the expansion of the Company’s Netherlands and Telford, Pennsylvania facilities, (ii) a one time loss
amounting to $0.2 million on the curtailment of pension benefits in the FYE 2007, and (iii) an increase in the estimated tax rate
primarily related to a reduction in the tax benefit provided by R&D tax credits in the amount of $0.6 million in FYE 2006, of which
$0.5 million related to the three year period ended 1/31/2005.

(b)Including gain on sale of building.

(c)Excluding gain on sale of building.

(a)

(a)

(a)

$0.60

First
Nine Months

$0.34
First
Nine Months

$0.46

(b)

(c)

Adjusted EPS, Diluted

Ended 10/31/2007

(a)Excluding the net after tax gain of approximately $2.2 million on the sale of property previously associated with the Company’s
Sethco business unit in Hauppauge, New York.

2007

Increase
w/o Gain on
Property

2007

2006

$68.9

$5.2

$0.34

Net Sales
(Millions)

$77.6

$9.2

0.60

Net Income
(Millions)

Earnings
Per Share
(Dollars)

(a)

$77.6

$7.0

13%

34%

35%

30.4%

32.3%

Gross Profit %

32.3%

-

$

0.46

$

First Nine Months

Ended 10/31/2007

Shareholder’s Equity (Millions)

4.2

Current Ratio

$80.8

Long-Term Debt (Millions)

$20.8

Cash on Hand (Millions)

$4.3

$1.36
per share

Cash, Net of Debt (Millions)

$16.5

$1.08
per share

Financial Strength

8,000 to 30,000 shares

$0.146

$0.155

$0.166

$0.178

$0.191

$0.207

Stock Dividends

Why Invest in Met-Pro Today?

§High margin business with 40% recurring parts and consumables sales

§Growing business with:

–Strong organic growth

•Diverse, synergistic product offering

•Strong brand recognition

•Multiple end markets

•Loyal and diverse customer base

–Expanding global presence

–Gross margin improvement

–Opportunity to leverage fixed operating cost structure

–Disciplined strategic acquisitions

§Outsourcing minimizes growth constraints and reduces risks during
downturns

§Experienced management team supported by strong Board of Directors

§Strong balance sheet

§Dividends paid for thirty-three consecutive years