================================================================================

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 10-Q

              [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                  OF THE SECURITIES EXCHANGE ACT OF 1934

                                       or

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

For the quarter ended: April 30, 2000          Commission file number: 001-07763



                               MET-PRO CORPORATION

             (Exact name of registrant as specified in its charter)



               Delaware                                   23-1683282
  (State or other jurisdiction of                      (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



     Indicate  by check mark  whether the  Registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during the  preceding  12 months and (2) has been  subject to such  filing
requirements for the past 90 days. Yes  X  No
                                       ---   ---

     The number of shares  outstanding  of the  Registrant's  common  stock (par
value $.10 per share) is 6,303,205 (as of April 30, 2000).

================================================================================

<PAGE>

                                       MET-PRO CORPORATION

                                              INDEX

PART I - FINANCIAL INFORMATION
<TABLE>
<CAPTION>

   Item 1.  Financial Statements
<S>                                                                                                          <C>
             Condensed consolidated balance sheet as of
                 April 30, 2000 and January 31, 2000.........................................................  2
             Condensed consolidated statement of operations for the three-month
                 periods ended April 30, 2000 and 1999.......................................................  3
             Condensed consolidated statement of stockholders' equity for the
                 three-month periods ended April 30, 2000 and 1999...........................................  4
             Condensed consolidated statement of cash flows for the three-month
                 periods ended April 30, 2000 and 1999.......................................................  5
             Notes to condensed consolidated financial statements............................................  6
             Report of independent accountants...............................................................  9

   Item 2.  Management's discussion and analysis of the financial condition
                 and results of operations................................................................... 10


PART II - OTHER INFORMATION

   Item 1.  Legal Proceedings................................................................................ 13

   Item 2.  Changes in Securities and Use of Proceeds........................................................ 13

   Item 3.  Defaults Upon Senior Securities.................................................................. 13

   Item 4.  Submissions of Matters to a Vote of Security Holders............................................. 13

   Item 5.  Other Information................................................................................ 13

   Item 6.  Exhibits and Reports on Form S-K

                 (a) Exhibits Required by Item 601 of Regulation S-K......................................... 13
                 (b) Reports on Form 8-K..................................................................... 13


SIGNATURES................................................................................................... 14
</TABLE>



                                      -1-

<PAGE>


                               MET-PRO CORPORATION

                      CONDENSED CONSOLIDATED BALANCE SHEET

                                   (unaudited)

PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements
<TABLE>
<CAPTION>

                                                                            April 30,               January 31,
ASSETS                                                                        2000                     2000
----------------------------------------------------------------------------------------------------------------
<S>                                                                       <C>                      <C>
Current assets
     Cash and cash equivalents                                             $6,284,865                $6,331,556
     Accounts receivable, net of allowance for doubtful
         accounts of approximately $232,000 and
         $225,000, respectively                                            14,776,289                13,733,256
     Inventories - Note 3                                                  14,005,603                13,744,142
     Prepaid expenses, deposits and other current assets                      803,627                 1,135,443
     Deferred income taxes                                                    778,574                   778,574
----------------------------------------------------------------------------------------------------------------
               Total current assets                                        36,648,958                35,722,971

Property, plant and equipment, net                                         13,291,953                13,473,299
Costs in excess of net assets of businesses acquired, net                  18,648,250                18,772,176
Other assets                                                                  542,190                   673,537
----------------------------------------------------------------------------------------------------------------
               Total assets                                               $69,131,351               $68,641,983
================================================================================================================

LIABILITIES AND STOCKHOLDERS' EQUITY
----------------------------------------------------------------------------------------------------------------
Current liabilities
     Current portion of long-term debt                                     $2,011,271                $2,008,940
     Accounts payable                                                       5,004,803                 4,989,810
     Accrued salaries, wages and expenses                                   6,154,531                 5,108,552
     Payroll and other taxes payable                                           53,463                   182,545
     Dividend payable                                                         504,256                   511,299
     Customers' advances                                                      740,192                   880,432
----------------------------------------------------------------------------------------------------------------
               Total current liabilities                                   14,468,516                13,681,578

Long-term debt                                                              9,429,307                 9,933,014
Other non-current liabilities                                                 436,646                   415,731
Deferred income taxes                                                         398,155                   405,327
----------------------------------------------------------------------------------------------------------------
               Total liabilities                                           24,732,624                24,435,650
----------------------------------------------------------------------------------------------------------------

Stockholders' equity
     Common stock, $.10 par value; 18,000,000 shares
         authorized,  7,193,069 and 7,189,194  shares  issued,
         of which  889,864 and 797,952  shares were reacquired
         and held in treasury at the respective dates                         719,307                   718,919
     Additional paid-in capital                                             8,010,433                 7,973,873
     Retained earnings                                                     47,339,880                46,087,476
     Accumulated other comprehensive loss                                    (531,298)                 (403,993)
     Treasury stock, at cost                                              (11,139,595)              (10,169,942)
----------------------------------------------------------------------------------------------------------------
              Total stockholders' equity                                   44,398,727                44,206,333
----------------------------------------------------------------------------------------------------------------
              Total liabilities and stockholders' equity                  $69,131,351               $68,641,983
================================================================================================================
</TABLE>

See accompanying notes to condensed consolidated financial statements.

                                      -2-
<PAGE>


                               MET-PRO CORPORATION

                 CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

                                   (unaudited)

<TABLE>
<CAPTION>
                                                                                       Three Months Ended
                                                                                            April 30,

                                                                                2000                      1999
-------------------------------------------------------------------------------------------------------------------
<S>                                                                           <C>                      <C>
Net sales                                                                     $20,250,931              $20,828,028
Cost of goods sold                                                             13,473,375               13,720,777
-------------------------------------------------------------------------------------------------------------------
Gross profit                                                                    6,777,556                7,107,251
-------------------------------------------------------------------------------------------------------------------

Operating expenses

   Selling                                                                      1,811,579                1,878,087
   General and administrative                                                   2,117,044                2,132,675
-------------------------------------------------------------------------------------------------------------------
                                                                                3,928,623                4,010,762
-------------------------------------------------------------------------------------------------------------------

Income from operations                                                          2,848,933                3,096,489
Interest expense                                                                  184,831                  212,454
Other income, net                                                                 (96,975)                (135,066)
-------------------------------------------------------------------------------------------------------------------
Income before taxes                                                             2,761,077                3,019,101

Provision for taxes                                                             1,007,793                1,147,259
-------------------------------------------------------------------------------------------------------------------
Net income                                                                     $1,753,284               $1,871,842
===================================================================================================================

Earnings per share, basic (1)                                                  $      .28               $      .28

Earnings per share, diluted(2)                                                 $      .28               $      .28

Cash dividend per share - declared (3)                                         $      .16               $      .32

Cash dividend per share - paid (3)                                             $      .08               $      .32
===================================================================================================================
</TABLE>


          (1)  Basic  earnings  per share are based  upon the  weighted  average
               number of common  shares  outstanding  of  6,331,713 on April 30,
               2000 and 6,745,804 on April 30, 1999.

          (2)  Diluted  earnings per share are based upon the  weighted  average
               number of common  shares  outstanding  of  6,344,057 on April 30,
               2000 and 6,779,524 on April 30, 1999.

          (3)   The Board of Directors declared quarterly  dividends of $.08 per
                share payable on March 10, 2000 and June 9, 2000 to stockholders
                of record as of February 25, 2000 and May 26, 2000.  On February
                22,  1999,  the  Company  declared a $.32 per share  annual cash
                dividend  payable on April 23, 1999 to stockholders of record on
                April 9, 1999.

See accompanying notes to condensed consolidated financial statements.

                                      -3-
<PAGE>

                               MET-PRO CORPORATION

            CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

                                   (unaudited)

<TABLE>
<CAPTION>
                                                                              Accumulated
                                                 Additional                      Other
                                       Common      Paid-in     Retained      Comprehensive       Treasury
                                        Stock      Capital     Earnings          (Loss)            Stock           Total
---------------------------------------------------------------------------------------------------------------------------
<S>                                    <C>       <C>          <C>                <C>          <C>              <C>
Balances, January 31, 2000              $718,919  $7,973,873  $46,087,476        ($403,993)   ($10,169,942)    $44,206,333

Comprehensive income:
   Net income                                                   1,753,284
   Foreign currency translation                                                   (127,305)

         Total comprehensive income                                                                              1,625,979

Dividends declared, $.08 per
   share                                                         (500,880)                                        (500,880)

Proceeds from issuance of
   common stock under dividend
   reinvestment plan (3,875
   shares)                                   388      36,560                                                        36,948

Purchase of 91,912 shares of
    treasury stock                                                                                (969,653)       (969,653)
---------------------------------------------------------------------------------------------------------------------------
Balances, April 30, 2000                $719,307  $8,010,433  $47,339,880        ($531,298)   ($11,139,595)    $44,398,727
---------------------------------------------------------------------------------------------------------------------------


                                                                              Accumulated
                                                  Additional                     Other
                                       Common      Paid-in     Retained      Comprehensive       Treasury
                                        Stock      Capital     Earnings          (Loss)            Stock           Total
---------------------------------------------------------------------------------------------------------------------------
Balances, January 31, 1999              $713,862 $7,508,748   $42,718,355         ($85,103)    ($4,930,755)    $45,925,107

Comprehensive income:
   Net income                                                   1,871,842
   Foreign currency translation                                                   (150,987)

         Total comprehensive income                                                                              1,720,855

Dividends paid, $.32 per share                                 (2,158,079)                                      (2,158,079)

Proceeds from issuance of
   common stock under dividend
   reinvestment plan (44,218
   shares)                                 4,422    426,907                                                        431,329

Stock option transactions                           (27,180)                                        42,180          15,000

Purchase of 134,600 shares of
   treasury stock                                                                               (1,475,887)     (1,475,887)
---------------------------------------------------------------------------------------------------------------------------
Balances, April 30, 1999                $718,284 $7,908,475   $42,432,118        ($236,090)    ($6,364,462)    $44,458,325
===========================================================================================================================
</TABLE>

See accompanying notes to condensed consolidated financial statements.

                                      -4-
<PAGE>


                               MET-PRO CORPORATION

                 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

                                   (unaudited)
<TABLE>
<CAPTION>

                                                                                             Three Months Ended
                                                                                                 April 30,
                                                                                        2000                     1999
-------------------------------------------------------------------------------------------------------------------------

                INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

<S>                                                                                  <C>                     <C>
Net cash provided by operating activities                                            $2,075,410               $3,511,643
-------------------------------------------------------------------------------------------------------------------------

Cash flows from investing activities
   Proceeds from sale of property and equipment                                           2,000                    8,000
   Acquisitions of property and equipment                                              (161,383)                (252,237)
   Acquisitions of other intangibles                                                         --                   (7,281)
-------------------------------------------------------------------------------------------------------------------------
     Net cash (used in) investing activities                                           (159,383)                (251,518)
-------------------------------------------------------------------------------------------------------------------------

Cash flows from financing activities
   Reduction of debt                                                                   (501,376)                (549,234)
   Exercise of stock options                                                                 --                   15,000
   Payment of dividends                                                                (470,974)              (1,726,750)
   Purchase of treasury shares                                                         (969,653)              (1,475,887)
-------------------------------------------------------------------------------------------------------------------------
     Net cash (used in) financing activities                                         (1,942,003)              (3,736,871)
-------------------------------------------------------------------------------------------------------------------------

Effect of exchange rate changes on cash                                                 (20,715)                 (17,448)
-------------------------------------------------------------------------------------------------------------------------

Net (decrease) in cash and cash equivalents                                             (46,691)                (494,194)

Cash and cash equivalents at February 1                                               6,331,556                7,446,369
-------------------------------------------------------------------------------------------------------------------------
Cash and cash equivalents at April 30                                                $6,284,865               $6,952,175
=========================================================================================================================



                                            SUPPLEMENTAL CASH FLOW INFORMATION

Cash paid during the period for:

     Interest                                                                          $206,909                 $219,401
     Income taxes                                                                      $137,010                 $190,396
=========================================================================================================================
</TABLE>

See accompanying notes to condensed consolidated financial statements.

                                      -5-
<PAGE>

                               MET-PRO CORPORATION

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS



NOTE 1 - PRINCIPLES OF CONSOLIDATION

The condensed  consolidated financial statements include the accounts of Met-Pro
Corporation  and  its   wholly-owned   subsidiaries   Strobic  Air  Corporation,
Flex-Kleen  Canada  Inc.,  and  Mefiag  B.V.  (collectively   "Met-Pro"  or  the
"Company").  All significant  intercompany  accounts and transactions  have been
eliminated in consolidation.



NOTE 2 - BASIS OF PRESENTATION

In the opinion of management,  the accompanying  unaudited  condensed  financial
statements  contain all  adjustments  necessary to present  fairly the financial
position  as of April  30,  2000  and the  results  of  operations,  changes  in
stockholders'  equity and cash flows for the three-month periods ended April 30,
2000 and 1999. The results of operations for the three-month  period ended April
30, 2000 are not  necessarily  indicative  of the results to be expected for the
full year. These condensed  consolidated  financial statements should be read in
conjunction with the audited consolidated financial statements and notes thereto
contained in the Company's Annual Report on Form 10-K for the year ended January
31, 2000.



NOTE 3 - INVENTORIES

Inventories consisted of the following:

                                                      April 30,      January 31,
                                                        2000            2000
                                                    -------------  -------------

Raw materials                                         $6,890,756     $6,755,944
Work in progress                                       2,058,823      2,016,612
Finished goods                                         5,056,024      4,971,586
                                                    -------------  -------------
                                                     $14,005,603    $13,744,142
================================================================================



NOTE 4 - RECLASSIFICATIONS

Certain  reclassifications  have been made to the financial  statements  for the
three-month  period ended April 30, 1999 to conform to the  presentation  of the
financial statements for the three-month period ended April 30, 2000.

                                      -6-
<PAGE>


                               MET-PRO CORPORATION

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS




NOTE 5 - BUSINESS SEGMENT DATA

The Company's  operations are conducted in two business segments as follows: the
manufacture and sale of product  recovery/pollution  control equipment,  and the
manufacture and sale of fluid handling equipment.

No  significant  intercompany  revenue is realized by either  business  segment.
Interest  income and expense are not  included in the measure of segment  profit
reviewed by  management.  Income  taxes are also not  included in the measure of
segment operating profit reviewed by management.

Financial information by business segment is shown below.

<TABLE>
<CAPTION>
                                                                            Three Months Ended April 30,
                                                                            2000                    1999
                                                                      ---------------------------------------
<S>                                                                   <C>                        <C>
  Net sales
     Product recovery/pollution control equipment                      $13,049,383               $14,266,646
     Fluid handling equipment                                            7,201,548                 6,561,382
                                                                      -------------             -------------
                                                                       $20,250,931               $20,828,028
                                                                      =============             =============

  Income from operations
     Product recovery/pollution control equipment                       $1,489,485                $2,201,013
     Fluid handling equipment                                            1,359,448                   895,476
                                                                      -------------             -------------
                                                                        $2,848,933                $3,096,489
                                                                      =============             =============

  Identifiable assets
     Product recovery/pollution control equipment                      $43,260,868               $44,913,862
     Fluid handling equipment                                           18,951,952                19,553,875
                                                                      -------------             -------------
                                                                        62,212,820                64,467,737
     Corporate                                                           6,918,531                 7,672,833
                                                                      -------------             -------------
                                                                       $69,131,351               $72,140,570
                                                                      =============             =============
</TABLE>




NOTE 6 - EMPLOYEE BENEFIT PLAN

Effective  April 1, 1999, the Company  implemented a 401(k) profit sharing plan.
Substantially  all employees of the Company in the United States are eligible to
participate  in the  plan  following  completion  of one  year  of  service  and
attaining age 21.  Pursuant to this plan,  employees can contribute up to 15% of
their  compensation  to the plan. The Company will match, in the form of Met-Pro
common stock, up to 50% of the employee contribution up to 4% of compensation.

                                      -7-
<PAGE>

                               MET-PRO CORPORATION

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


NOTE 7 - RECENT ACCOUNTING PRONOUNCEMENTS

In June 1998,  the  Financial  Accounting  Standards  Board issued  Statement of
Financial Accounting  Standards No. 133, "Accounting for Derivative  Instruments
and Hedging Activities",  which will be effective for the fiscal years beginning
after June 15, 2000. This standard  requires that all derivative  instruments be
recorded on the balance sheet at their fair value.  Changes in the fair value of
derivatives  will be recorded each period in current  earnings or  comprehensive
income.  The adoption of this  pronouncement  will have no significant impact on
Met-Pro's consolidated results of operations, financial position or cash flows.


NOTE 8 - ACCOUNTANTS' 10-Q REVIEW

Margolis & Company P.C., the Company's independent accountants,  has performed a
limited review of the financial  information  included  herein.  Their report on
such review accompanies this filing.


                                      -8-
<PAGE>


                        REPORT OF INDEPENDENT ACCOUNTANTS



To the Board of Directors
Met-Pro Corporation
Harleysville, Pennsylvania

We have  reviewed  the  accompanying  condensed  consolidated  balance  sheet of
Met-Pro  Corporation and its wholly-owned  subsidiaries as of April 30, 2000 and
the related  condensed  consolidated  statements  of  operations,  stockholders'
equity and cash flows for the three-month periods ended April 30, 2000 and 1999.
These financial statements are the responsibility of the Company's management.

We  conducted  our  reviews in  accordance  with  standards  established  by the
American  Institute  of  Certified  Public  Accountants.  A  review  of  interim
financial  information consists principally of applying analytical procedures to
financial  data and making  inquiries of persons  responsible  for financial and
accounting matters. It is substantially less in scope than an audit conducted in
accordance with generally accepted auditing standards, the objective of which is
the  expression  of an opinion  regarding the  financial  statements  taken as a
whole. Accordingly, we do not express such an opinion.

Based on our reviews, we are not aware of any material modifications that should
be made to the accompanying condensed consolidated financial statements for them
to be in conformity with generally accepted accounting principles.

We have  previously  audited,  in accordance  with generally  accepted  auditing
standards, the consolidated balance sheet as of January 31, 2000 and the related
consolidated statements of operations,  stockholders' equity, and cash flows for
the year then ended (not presented herein); and in our report dated February 25,
2000, we expressed an unqualified opinion on those financial statements.  In our
opinion,  the information set forth in the accompanying  condensed  consolidated
balance sheet as of January 31, 2000 is fairly stated, in all material respects,
in relation to the balance sheet from which it has been derived.




                                                    /s/ Margolis & Company P.C.
                                                    ----------------------------
                                                    Certified Public Accountants




Bala Cynwyd, Pennsylvania
May 18, 2000










                                      -9-
<PAGE>

                               MET-PRO CORPORATION

Item 2.  Management's  Discussion  and Analysis of the  Financial  Condition and
         Results of Operations


Results of Operations:

Three Months Ended April 30, 2000 vs Three Months Ended April 30, 1999

Net sales for the  three-month  period  ended  April 30,  2000 were  $20,250,931
compared to  $20,828,028  for the  three-month  period  ended April 30,  1999, a
decrease of $577,097 or 2.8%.  Sales in the Product  Recovery/Pollution  Control
Equipment  segment were  $13,049,383 or 8.5% lower than the  three-month  period
April 30, 1999 due to lower demand for our product recovery equipment.  Sales in
the Fluid Handling  Equipment segment were $7,201,548 or 9.8% higher compared to
the  three-month  period ended April 30, 1999 due primarily to increased  demand
for our specialty pump equipment.

Backlog at April 30, 2000 totaled $11,392,300 or 3.5% higher than the backlog of
orders on hand at April 30, 1999.  In addition,  the Company had  $5,735,683  of
orders which are not included in our backlog due to the Company's  long-standing
policy of not including these orders in backlog until  engineering  drawings are
approved.

Net  income for the  three-month  period  ended  April 30,  2000 was  $1,753,284
compared to  $1,871,842  for the  three-month  period  ended April 30,  1999,  a
decrease of $118,558 or 6.3%. The decrease in net income is related to the lower
gross profits in the Product Recovery/Pollution Control Equipment segment.

The gross  margin for the  three-month  period  ended  April 30,  2000 was 33.5%
versus  34.1% for the same period in the prior year due to lower  gross  margins
experienced in the Product Recovery/Pollution Control Equipment segment.

Selling expense decreased $66,508 during the three-month  period ended April 30,
2000 compared to the same period last year.  Selling  expense as a percentage of
net sales was 8.9% for the  three-month  period  ended April 30,  2000, a slight
decrease compared to the three-month period ended April 30, 1999.

General and  administrative  expense was $2,117,044 for the  three-month  period
ended April 30, 2000  compared to  $2,132,675  for the same period last year,  a
decrease of $15,631.  General and administrative  expense as a percentage of net
sales was 10.5% for the  three-month  period  ended April 30,  2000  compared to
10.2% for the same period last year.

Interest  expense was $184,831 for the  three-month  period ended April 30, 2000
compared  to $212,454  for the same  period in the prior year,  or a decrease of
$27,623.

Other income,  net, decreased $38,091 for the three-month period ended April 30,
2000  compared  to the  three-month  period  ended  April  30,  1999 due to less
interest earned on lower cash balances, and currency translation adjustments.

The effective tax rate for the three-month period ended April 30, 2000 was 36.5%
compared to 38% for the three-month period ended April 30, 1999.

                                      -10-
<PAGE>

                               MET-PRO CORPORATION

Item 2.  Management's  Discussion  and Analysis of the  Financial  Condition and
         Results of Operations continued...


Liquidity:

The  Company's  cash and cash  equivalents  were  $6,284,865  on April 30,  2000
compared to $6,331,556 on January 31, 2000, a decrease of $46,691. This decrease
is the net result of the payment of the  quarterly  cash  dividend  amounting to
$470,974  (net of  $36,948  of  dividends  returned  to the  Company  for  stock
purchases  under the Dividend  Reinvestment  Plan),  payments on long-term  debt
totalling  $501,376,  purchases of treasury  stock  amounting  to $969,653,  and
investment in property and equipment  amounting to $161,383,  offset by positive
cash flow provided by operating activities of $2,075,410,  and proceeds received
from the sale of property and equipment  amounting to $2,000. The Company's cash
flows from  operating  activities  are influenced by the timing of shipments and
negotiated  standard payment terms,  including  retention  associated with major
projects.

Accounts  receivable (net) amounted to $14,776,289 on April 30, 2000 compared to
$13,733,256 on January 31, 2000, which represents an increase of $1,043,033. The
timing and size of shipments  and  retainage  on  contracts,  especially  in the
Product  Recovery/Pollution  Control Equipment segment,  will influence accounts
receivable balances at any point in time.

Inventories  were  $14,005,603  on April 30,  2000  compared to  $13,744,142  on
January  31,  2000,  an  increase  of  $261,461.  Inventory  balances  fluctuate
depending  upon market demand,  the size and timing of orders,  and varying lead
times required.

Current  liabilities  amounted  to  $14,468,516  on April 30,  2000  compared to
$13,681,578  on January 31,  2000,  an increase of $786,938.  Accrued  expenses,
offset by the  reduction  in customer  advances and other  current  liabilities,
accounted for the increase.

The  Company  has  consistently  maintained  a high  current  ratio  and has not
utilized  either  the  domestic  line of  credit or the  foreign  line of credit
totalling $5.0 million,  which are available for working capital purposes.  Cash
flows, in general,  have exceeded the current needs of the Company.  The Company
presently foresees no change in this situation in the immediate future.


Capital Resources and Requirements:

Cash flows provided by operating  activities during the three-month period ended
April  30,  2000,  amounted  to  $2,075,410  compared  with  $3,511,643  in  the
three-month period ended April 30, 1999, a decrease of $1,436,233.

Cash flows used in  investing  activities  during the  three-month  period ended
April 30, 2000 amounted to $159,383  compared with $251,518 for the  three-month
period ended April 30, 1999.  The  Company's  investing  activities  principally
represent the acquisitions of property, plant and equipment in the two operating
segments.

Financing activities during the three-month period ended April 30, 2000 utilized
$1,942,003 of available  resources  compared to $3,736,871  for the  three-month
period ended April 30, 1999.  The 2000  activity is the result of the payment of
the quarterly  cash dividend  amounting to $470,974 (net of $36,948 of dividends
returned to the  Company for stock  purchases  under the  Dividend  Reinvestment
Plan),  reduction of long-term  debt  totalling  $501,376,  plus the purchase of
treasury stock totalling $969,653.

                                      -11-
<PAGE>

                               MET-PRO CORPORATION

Item 2.  Management's  Discussion  and Analysis of the  Financial  Condition and
         Results of Operations continued...


During  the first  quarter  ended  April 30,  2000,  the  Company  continued  to
repurchase  outstanding  shares on the open market under the 350,000 share stock
buyback  program  authorized on May 11, 1999. The Company  completed the May 11,
1999  stock  buyback  program  on April 12,  2000 and  continued  to make  stock
purchases under an additional  350,000 share stock buyback program authorized on
February  21, 2000.  For the first  quarter  ended April 30,  2000,  the Company
repurchased  91,912 shares of which 64,975 shares were purchased  under the plan
effective May 11, 1999 and 26,937 shares were purchased under the plan effective
April 12, 2000.

Due to strong  cash flows  generated  from  operating  activities  in 1999,  the
Company  announced the change from an annual dividend,  which was  traditionally
paid during the month of April, to an expected  quarterly  dividend.  Payment of
future dividends will depend on future earnings and capital  requirements of the
Company and is at the discretion of the Board of Directors.

The Board of Directors declared quarterly dividends of $.08 per share payable on
March 10, 2000 and June 9, 2000 to  stockholders  of record as of  February  25,
2000 and May 26, 2000, respectively.

Consistent with past practices, the Company intends to continue to invest in new
product  development  programs and to make capital  expenditures  to support the
ongoing  operations  during the coming year. The Company  expects to finance all
capital expenditure requirements through cash flows generated from operations.


Cautionary Statement Regarding Forward-Looking Statements:

As a cautionary note to investors,  the Company and its representatives may make
oral  or  written  statements  from  time  to  time  that  are  "forward-looking
statements".  This would  include  information  concerning  possible  or assumed
future  activities,  plans,  results of operations of the Company and statements
preceded by,  followed by or that include the words  "anticipates",  "believes",
"designed to", "estimates", "foreseeable future", "goal", "intends", "projects",
"projection",  "plans", "scheduled", "should", or similar expressions. For those
statements,   the  Company   claims  the  protection  of  the  safe  harbor  for
forward-looking statements contained in the Private Securities Litigation Reform
Act of 1995.

There are a number of  important  factors  which could cause  actual  results to
differ materially from those  anticipated.  The Company believes that its future
operating results will continue to be subject to quarterly variations based upon
a wide variety of factors  including  the  cyclical  nature of both the business
segments and the markets  addressed by the Company's  products,  price  erosion,
competitive factors, the timing of new product introductions, changes in product
mix, the  availability  and extent of  utilization  of  manufacturing  capacity,
product obsolescence,  the effectiveness of the Company's cost control programs,
the  availability  of  suitable  acquisition  opportunities  and the  ability to
develop and implement new  technologies.  The Company's  operating results could
also be  impacted by sudden  fluctuations  in  customer  requirements,  currency
exchange rate  fluctuations  and other economic  conditions  affecting  customer
demand and the cost of operations in one or more of the global  markets in which
the   Company   conducts   business.   As   a   participant   in   the   product
recovery/pollution  control and fluid handling industries,  the Company operates
in a rapidly changing and highly competitive environment. The Company sells both
custom  and  industrial  products;  accordingly,  changes in the  conditions  or
composition of any of the Company's customers may have an impact on the Company.
While the Company cannot  predict what effect these various  factors may have on
its financial  results,  the  aggregate  effect of these and other factors could
result in volatility in the Company's future performance and stock price.


                                      -12-
<PAGE>

                               MET-PRO CORPORATION

PART II - OTHER INFORMATION


Item 1.   Legal Proceedings

None

Item 2.   Changes in Securities and Use of Proceeds

None

Item 3.   Defaults Upon Senior Securities

None

Item 4.   Submissions of Matters to a Vote of Security Holders

None

Item 5.   Other Information

None

Item 6.  Exhibits and Reports on Form S-K

          (a) Exhibits Required by Item 601 of Regulation S-K

          None

          (b) Reports on Form 8-K

          There  were no reports  on Form 8-K filed for the  three-month  period
          ended April 30, 2000.



                                      -13-
<PAGE>


                               MET-PRO CORPORATION

                                   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 thereunto duly authorized.

                                             Met-Pro Corporation
                                             -----------------------------------
                                             (Registrant)




May 25, 2000                                 /s/ William L. Kacin
                                             -----------------------------------
                                             William L. Kacin,
                                             Chairman, President and
                                             Chief Executive Officer

May 25, 2000                                 /s/ Gary J. Morgan
                                             -----------------------------------
                                             Gary J. Morgan,
                                             Vice President  of  Finance,
                                             Secretary and Treasurer, Chief
                                             Financial Officer, Chief Accounting
                                             Officer and Director



                                      -14-