8-K

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 EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):   March 15, 2010

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 present its operations, growth strategy and financial condition at the ROTH 22nd Annual OC Growth Stock Conference in Dana Point, California on Tuesday March 16, 2010. The conference will be held at the Ritz-Carlton Laguna Niguel. The slide presentation the Company presented is furnished as Exhibit 99.1 hereto.

The information included as Exhibit 99.1 is 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:  March 15, 2010

MET-PRO CORPORATION

By: /s/ Raymond J. De Hont

Raymond J. De Hont,

President and Chief Executive Officer

EX-99.1

Exhibit 99.1

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.

Company Profile

•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

NYSE: MPR

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

Investment Highlights

•Provider of green technologies for:

–Air

–Water

•Market leader in numerous niche-markets

•Strong balance sheet

–High cash balance

–Low debt

•Strong cash flows from operating activities

•Flexible manufacturing strategy

–Minimizes growth constraints

–Increases global sales competitiveness

–Reduces risks during down turns

•Experienced management team

•Dividend paid for 35 consecutive years

Continuous Improvement

•Created Met-Pro Environmental Air Solutions

–Consolidation of Duall, Flex-Kleen and Systems business units

•Established Met-Pro Industrial Services, Inc.

•Efficiency improvements and lower costs realized through:

–“Lean” enterprise initiative

–Global sourcing

–More effective logistics

–Flexible manufacturing strategy

–Value engineering

–Disciplined cost management

•Increased global sales coverage

•Invested in research and development

–Producing new products

–Improving existing products

Businesses

Product Recovery/
Pollution Control

44.8%

Filtration/
Purification

12.7%

Fluid Handling

30.6%

Mefiag
Filtration

11.9%

2010 Sales
$80.1 Million

International

•Rapid industrialization
of international markets
represents significant
growth opportunity

FYE 2010

$19.6 Million

24.5%

International
Sales

75.5%

U.S. Sales

Europe

32.0%

Asia

20.6%

Canada

21.0%

Africa &
Middle East

13.0%

Other

13.4%

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

Products from Single Units…

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

…to Large, Complex Systems

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

Growth Drivers

•Global growth of “green” initiatives

–Water purification

–Sewage treatment

–Air purification

–Energy conservation

•Geographical and vertical market expansion

•New product introductions

•Acquisitions, technology licensing,
and strategic business partnerships

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

•New markets

New Products

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

•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

•Designed, tested and sold first Hydro-Lance™ wet
dust collector with Clean-In-Place (CIP) features
typically required for use in food and beverage
industry applications

Strategy

•Capitalize on global niche-oriented growth
opportunities through:

–Strong customer focus

–Geographic expansion

–New product introductions

–Accretive acquisitions, technology licensing and
strategic business partnerships

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

–Optimization of synergies within Met-Pro

Example

•Combines Duall, Flex-Kleen and Systems

•Takes advantage of synergies

•Improves capacity utilization

•Reduces cost structure

•Improves our competitive positioning and profitability

•Provides opportunity to gain market share

–Penetrate markets where we currently have limited
or no presence

•Allows us to service customers more effectively

Met-Pro Environmental Air Solutions

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

–Disciplined cost management

Financial Highlights

(in 000’s, except per share amounts)

Fiscal Year 2010

Net Sales

$103.4

$80.1

Gross Profit

$36.1

$27.4

Gross Profit %

34.9%

34.2%

S, G & A

$22.0

$20.9

Operating Income

$14.1

$6.5

Net Income

$9.9

$4.4

Diluted EPS

$0.65

$0.30

Cash Flows from Operating Activities

$3.9

$9.9

$12.1

$15.6

For FYE 1/31

Strong Financial Condition

$2.14
per share

Total Debt

Total Assets

Shareholders’ Equity

Cash

4.1

104.6

81.0

31.4

Millions ($)

1/31/2010

$

$

$

$

Debt to Equity
Ratio = 5.0%

35 Straight Years of Dividends

$.191

$.207

$.240

$.230

For FYE 1/31

Summary

•New Order Bookings up $5.1 million (+13%) in 2nd
half of2010 vs. 1st half of 2010

•Large Project Bookings up $3.7 million (+73%) in 2nd
half of2010 vs. 1st half of 2010

•Backlog up $2.0 million FYE 2010 vs. FYE 2009