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):   September 29, 2009

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 (the “Company”) will be presenting at the Maxim Group Growth Conference on September 29, 2009 at the Grand Hyatt Hotel in New York, NY regarding its operations, growth strategy, and financial condition.

The PowerPoint slide presentation that the Company expects to use at the presentation is furnished as Exhibit 99.1 hereto.

The information included as Exhibits 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

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:  September 29, 2009

MET-PRO CORPORATION

By: /s/ Raymond J. De Hont

Raymond J. De Hont,

President and Chief Executive Officer

EX-99.1

1

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.

2

•Leading niche-oriented global provider of solutions and
products for product recovery, pollution control, and fluid
handling applications

•Diverse, synergistic product offering

•Strong global brand recognition

•Approximately 40% of sales derived from recurring parts
and consumables sales

Met-Pro: Protecting our environment while serving
business and industry around the world

NYSE: MPR

Company Profile

3

Investment Highlights

•Green technology

•Strong balance sheet

–High cash

–Low debt

•Strong cash flows from operating activities

•High margin business

•Outsourcing minimizes growth constraints and reduces
risks during down turns

•Experienced Management/Independent Board of Directors

•Dividend paid for 34 consecutive years

4

Continuous Improvement

•Rolled out lean enterprise program

•Improved manufacturing flexibility

•Efficiency improvements and lower costs
realized through:

–Facility/organization consolidations

–Global sourcing

–More effective logistics

•Increased global sales coverage

5

Product Recovery/
Pollution Control

48.3%

Filtration/
Purification

11.5%

Fluid Handling

29.4%

Mefiag
Filtration

10.8%

2009 Sales
$103.4 Million

Businesses

6

•Expanding
International
Sales/Marketing
Organization to
capitalize on global
opportunities

FYE 2009

$26.5 Million

25.7%

International
Sales

74.3%

U.S. Sales

Europe

35.7%

Asia

19.5%

Canada

17.1%

Africa &
Middle East

15.5%

Other

12.2%

International

7

Customers & Major Markets

•Over 8,000 active customers

-Well-diversified 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

No One Customer Accounts for More
Than 10% of Met-Pro’s Business

8

Mefiag Filter System

Flex-Kleen Dust Collector

Fybroc FRP Pumps

Strobic Air Patented
Tri-Stack™ Fan

Dean
Metallic Pumps

Sethco
Thermoplastic
Pumps

Keystone

Custom Filter
Cartridges

Duall BIO-PRO™ Bioscrubber

Pristine Water
Treatment
Chemicals

Products from Single Units…

9

Dean High
Temperature Pumps

Fybroc FRP Pumps

Mefiag Filter Systems

Duall Multi Component
Hot Gas Scrubber System

Flex-Kleen
Dust Collectors

Systems Rotary
Concentrator and
Recuperative

Thermal Oxidizer

Strobic Air Patented
Tri-Stack™ Fans

…to Large, Complex Systems

10

•Global growth of “green”
manufacturing processes

–Reduce costs

–Reduce energy

–Improve manufacturing performance

–Meet increasing regulatory requirements

•Focus on niche markets

–#1 or #2 player

–Limited competition

–International brand recognition

–Further penetrate niches with other
Met-Pro products

–Solutions provider

•MRO, upgrade and retro-fit opportunities
from expanding installed base

•New markets

–Geographic expansion

–New product introductions

–Acquisitions and/or technology licensing

Growth Drivers

11

New Products

•Launched the Smart System™ energy-saving
laboratory exhaust system

•Field tested an advanced control system to
reduce scrubber chemical consumption

•Upgraded our Bio-Pro™ biological scrubber
product line

•Introduced nano-technology filtration products

•Completed development of the world’s most
extensive line of mag-drive “All-FRP” pumps

12

Strategy

•Capitalize on global niche-oriented growth
opportunities through:

–Strong customer focus

–Geographic expansion

–New product introductions

–Accretive acquisitions and/or technology
licensing

–Leverage existing relationships to maximize
penetration of Met-Pro products

13

Margin Improvement Strategy

•Continue to expand margins through:

–Pricing power

–Single source solutions

–Global sourcing

–Volume discounts

–Consolidation

–Leveraged operating expenses

–Improved project execution

–Lean enterprise/continuous improvement

14

15

For FYE 1/31

Net Sales

16

• Improved execution, better product mix leading to widening margins

Gross Margins

17

For FYE 1/31

13.2%

 (a)

(a) Excludes 3.3% from the sale of real estate in FYE 2008.

Operating Margins

18

For FYE 1/31

 (a)

(a) Excludes $0.15 per share from the sale of real estate in FYE 2008.

Diluted EPS

19

For FYE 1/31

$4.4

$3.9

$9.9

$12.1

Met-Pro rewarded shareholders with $11.0 million of share repurchases and dividends in FYE 2009.

Cash Flows from Operating Activities

20

(a)Includes pension, healthcare and stock option expenses in the first half ended July 31, 2009 and proceeds
received from a legal settlement in the first half ended July 31, 2008. On an aggregate basis, these various
items amount to $0.05 per share.

2008

33.9%

Gross Margins

Net Sales

Millions ($) (Except EPS)

Cash Flows from Operating Activities

2009

34.8%

$40.5

$4.2

$10.1

Diluted EPS

$0.30

$0.15

(a)

First Half Ended 7/31

21

$1.99
per share

Total Debt

Total Assets

Shareholders’ Equity

Cash

4.8

104.1

80.1

29.2

Millions ($)

7/31/09

$

$

$

$

Debt to Equity
Ratio = 6.0%

Strong Financial Condition

22

• Third quarter dividend of $0.06 per share paid on September 11, 2009

• A 9.1% increase over the prior year third quarter dividend

• Dividends have been increased for 7 consecutive years

$.178

$.191

$.207

$.230

$.180

Projected

For FYE 1/31

34 Straight Years of Dividends

23

Over the long-term, we are confident
that Met-Pro Corporation is well positioned
to capitalize on the very powerful
trends toward global environmental
stewardship, energy efficiency,
and process improvement.

Summary

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