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

                       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: July 31, 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 6,085,609 (as of July 31, 2000).

================================================================================
<PAGE>
                              MET-PRO CORPORATION

                                      INDEX

PART I - FINANCIAL INFORMATION
<TABLE>
<CAPTION>

   Item 1.      Financial Statements
<S>                                                                                                              <C>
         Condensed consolidated balance sheet as of
             July 31, 2000 and January 31, 2000.................................................................  2
         Condensed consolidated statement of operations for the six-month and three-month
             periods ended July 31, 2000 and 1999...............................................................  3
         Condensed consolidated statement of stockholders' equity for the
             six-month periods ended July 31, 2000 and 1999.....................................................  4
         Condensed consolidated statement of cash flows for the six-month
             periods ended July 31, 2000 and 1999...............................................................  5
         Notes to condensed consolidated financial statements...................................................  6
         Report of independent accountants......................................................................  8

   Item 2.      Management's discussion and analysis of the financial condition
                    and results of operations...................................................................  9


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............................................................................... 14

   Item 6.      Exhibits and Reports on Form S-K

                (a) Exhibits Required by Item 601 of Regulation S-K............................................. 14
                (b) Reports on Form 8-K......................................................................... 14


SIGNATURES...................................................................................................... 15
</TABLE>

                                      -1-
<PAGE>

                              MET-PRO CORPORATION

                      CONDENSED CONSOLIDATED BALANCE SHEET

                                   (unaudited)

PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements
<TABLE>
<CAPTION>

                                                                                July 31,              January 31,
ASSETS                                                                            2000                    2000
----------------------------------------------------------------------------------------------------------------------
<S>                                                                          <C>                     <C>
Current assets
     Cash and cash equivalents                                               $ 6,848,416             $ 6,331,556
     Accounts receivable, net of allowance for doubtful
         accounts of approximately $277,000 and
         $225,000, respectively                                               13,750,537              13,733,256
     Inventories - Note 3                                                     13,594,533              13,744,142
     Prepaid expenses, deposits and other current assets                         768,381               1,135,443
     Deferred income taxes                                                       778,574                 778,574
----------------------------------------------------------------------------------------------------------------------
               Total current assets                                           35,740,441              35,722,971

Property, plant and equipment, net                                            13,172,370              13,473,299
Costs in excess of net assets of businesses acquired, net                     18,524,323              18,772,176
Other assets                                                                     456,544                 673,537
----------------------------------------------------------------------------------------------------------------------
               Total assets                                                  $67,893,678             $68,641,983
======================================================================================================================

LIABILITIES AND STOCKHOLDERS' EQUITY
----------------------------------------------------------------------------------------------------------------------
Current liabilities
     Current portion of long-term debt                                       $ 2,013,652             $ 2,008,940
     Accounts payable                                                          4,221,461               4,989,810
     Accrued salaries, wages and expenses                                      6,026,925               5,108,552
     Payroll and other taxes payable                                              39,440                 182,545
     Dividend payable                                                            486,849                 511,299
     Customers' advances                                                       1,419,710                 880,432
----------------------------------------------------------------------------------------------------------------------
               Total current liabilities                                      14,208,037              13,681,578

Long-term debt                                                                 8,924,985               9,933,014
Other non-current liabilities                                                    457,563                 415,731
Deferred income taxes                                                            391,043                 405,327
----------------------------------------------------------------------------------------------------------------------
               Total liabilities                                              23,981,628              24,435,650
----------------------------------------------------------------------------------------------------------------------

Stockholders' equity
     Common stock, $.10 par value; 18,000,000 shares
         authorized,  7,197,973 and 7,189,194 shares issued,
         of which  1,112,364 and 797,952 shares were reacquired
         and held in treasury at the respective dates                            719,797                 718,919
     Additional paid-in capital                                                8,053,103               7,973,873
     Retained earnings                                                        48,795,430              46,087,476
     Accumulated other comprehensive loss                                       (507,783)               (403,993)
     Treasury stock, at cost                                                 (13,148,497)            (10,169,942)
----------------------------------------------------------------------------------------------------------------------
              Total stockholders' equity                                      43,912,050              44,206,333
----------------------------------------------------------------------------------------------------------------------
              Total liabilities and stockholders' equity                     $67,893,678             $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>
                                                                 Six Months Ended                        Three Months Ended
                                                                     July 31,                                  July 31,
                                                            2000                 1999                 2000                 1999
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                     <C>                  <C>                  <C>                  <C>
Net sales                                                $40,509,159          $41,366,235          $20,258,228          $20,538,207
Cost of goods sold                                        26,589,021           27,286,699           13,115,646           13,565,922
------------------------------------------------------------------------------------------------------------------------------------
Gross profit                                              13,920,138           14,079,536            7,142,582            6,972,285
------------------------------------------------------------------------------------------------------------------------------------

Operating expenses

   Selling                                                 3,689,034            3,749,153            1,877,455            1,871,066
   General and administrative                              4,295,042            4,126,022            2,177,998            1,993,347
------------------------------------------------------------------------------------------------------------------------------------
                                                           7,984,076            7,875,175            4,055,453            3,864,413
------------------------------------------------------------------------------------------------------------------------------------

Income from operations                                     5,936,062            6,204,361            3,087,129            3,107,872
Interest expense                                            (360,681)            (429,009)            (175,850)            (216,554)
Other income, net                                            225,884              271,386              128,909              136,319
------------------------------------------------------------------------------------------------------------------------------------
Income before taxes                                        5,801,265            6,046,738            3,040,188            3,027,637

Provision for taxes                                        2,117,462            2,297,760            1,109,669            1,150,501
------------------------------------------------------------------------------------------------------------------------------------
Net income                                               $ 3,683,803          $ 3,748,978          $ 1,930,519          $ 1,877,136
====================================================================================================================================

Earnings per share, basic (1)                            $       .59          $       .56          $       .31          $       .28

Earnings per share, diluted (2)                          $       .59          $       .56          $       .31          $       .28

Cash dividend per share - declared (3)                   $       .16          $       .40          $       .08          $       .08

Cash dividend per share - paid (3)                       $       .16          $       .32          $       .08          $       .00
====================================================================================================================================
</TABLE>

          (1)  Basic  earnings  per share are based  upon the  weighted  average
               number of shares  outstanding  of 6,217,327  and 6,669,627 in the
               six-month periods ended July 31, 2000 and 1999, respectively, and
               6,248,061  and  6,693,898 in  three-month  periods ended July 31,
               2000 and 1999, respectively.

          (2)  Diluted  earnings  per share are  based on the  weighted  average
               number of shares  outstanding  of 6,230,215  and 6,711,457 in the
               six-month periods ended July 31, 2000 and 1999, respectively, and
               6,259,884 and 6,734,268 in the three-month periods ended July 31,
               2000 and 1999, respectively.

          (3)  Effective  during  the second  quarter  of the fiscal  year ended
               January 31, 2000,  the Company  altered its historic  practice of
               paying  annual  dividends  to the  expected  payment of quarterly
               dividends. The Board of Directors declared quarterly dividends of
               $.08 per  share  payable  on March  10,  2000,  June 9,  2000 and
               September 11, 2000 to  stockholders  of record as of February 25,
               2000, May 26, 2000 and August 28, 2000, respectively. 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. On June 2, 1999, the Company  declared a quarterly
               $.08 per share cash  dividend  payable on  September  10, 1999 to
               stockholders of record on August 20, 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                                                   3,683,803
   Foreign currency translation                                                   (103,790)

       Total comprehensive income                                                                                3,580,013

Dividends paid, $.08 per share                                   (489,000)                                        (489,000)
Dividends declared, $.08 per share                               (486,849)                                        (486,849)

Proceeds from issuance of
   common stock under dividend
   reinvestment plan (8,779
   shares)                                  878      79,230                                                         80,108

Purchase of 314,412 shares of
    treasury stock                                                                              (2,978,555)     (2,978,555)
----------------------------------------------------------------------------------------------------------------------------
Balances, July 31, 2000                $719,797  $8,053,103  $48,795,430          ($507,783)  ($13,148,497)    $43,912,050
----------------------------------------------------------------------------------------------------------------------------

                                                                              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                                                   3,748,978
   Foreign currency translation                                                  (125,427)

       Total comprehensive income                                                                                3,623,551

Dividends paid, $.32 per share                                 (2,158,079)                                      (2,158,079)
Dividend declared, $.08 per share                                (527,681)                                        (527,681)

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 293,400 shares of
   treasury stock                                                                               (3,546,273)     (3,546,273)
----------------------------------------------------------------------------------------------------------------------------
Balances, July 31, 1999                $718,284  $7,908,475   $43,781,573       ($210,530)     ($8,434,848)    $43,762,954
----------------------------------------------------------------------------------------------------------------------------
</TABLE>

See accompanying notes to condensed consolidated financial statements.

                                      -4-

<PAGE>
                              MET-PRO CORPORATION

                 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

                                   (unaudited)
<TABLE>
<CAPTION>
                                                                                                             Six Months Ended
                                                                                                                  July 31,

                                                                                                            2000           1999
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                       <C>            <C>
                INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

Net cash provided by operating activities                                                                 $5,841,475     $6,431,201
------------------------------------------------------------------------------------------------------------------------------------

Cash flows from investing activities
   Proceeds from sale of property and equipment                                                                2,000          8,000
   Acquisitions of property and equipment                                                                   (408,949)      (526,868)
   Acquisitions of other intangibles                                                                              --         (7,281)
------------------------------------------------------------------------------------------------------------------------------------
     Net cash (used in) investing activities                                                                (406,949)      (526,149)
------------------------------------------------------------------------------------------------------------------------------------

Cash flows from financing activities
   Reduction of debt                                                                                      (1,003,317)    (1,123,987)
   Exercise of stock options                                                                                      --         15,000
   Payment of dividends                                                                                     (920,191)    (1,726,750)
   Purchase of treasury shares                                                                            (2,978,555)    (3,546,273)
------------------------------------------------------------------------------------------------------------------------------------
     Net cash (used in) financing activities                                                              (4,902,063)    (6,382,010)
------------------------------------------------------------------------------------------------------------------------------------

Effect of exchange rate changes on cash                                                                      (15,603)       (13,580)
------------------------------------------------------------------------------------------------------------------------------------

Net increase (decrease) in cash and cash equivalents                                                         516,860       (490,538)

Cash and cash equivalents at February 1                                                                    6,331,556      7,446,369
------------------------------------------------------------------------------------------------------------------------------------
Cash and cash equivalents at July 31                                                                      $6,848,416     $6,955,831
====================================================================================================================================


                                            SUPPLEMENTAL CASH FLOW INFORMATION

Cash paid during the period for:

     Interest                                                                                             $  230,042     $  429,045
     Income taxes                                                                                         $1,586,183     $1,816,716
====================================================================================================================================
</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 July 31, 2000 and the results of operations for the six-month and
three-month  periods ended July 31, 2000 and 1999, and changes in  stockholders'
equity and cash flows for the  six-month  periods  then  ended.  The  results of
operations  for the  six-month and  three-month  periods ended July 31, 2000 and
1999 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:

                                                     July 31,       January 31,
                                                       2000            2000
                                                   --------------  -------------

Raw materials                                        $ 6,682,404    $ 6,755,944
Work in progress                                       1,994,661      2,016,612
Finished goods                                         4,917,468      4,971,586
                                                   --------------  -------------
                                                     $13,594,533    $13,744,142
                                                   ==============  =============


NOTE 4 - RECLASSIFICATIONS

Certain  reclassifications  have been made to the financial  statements  for the
six-month  and  three-month  periods  ended  July  31,  1999 to  conform  to the
presentation  of the financial  statements  for the  six-month  and  three-month
periods ended July 31, 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>
                                                                     Six Months Ended July 31,
                                                                   2000                     1999
                                                               --------------------------------------
<S>                                                             <C>                      <C>
  Net sales
     Product recovery/pollution control equipment               $25,940,266              $28,077,235
     Fluid handling equipment                                    14,568,893               13,289,000
                                                                ------------             ------------
                                                                $40,509,159              $41,366,235
                                                                ============             ============

Income from operations
     Product recovery/pollution control equipment               $ 3,257,483              $ 4,289,567
     Fluid handling equipment                                     2,678,579                1,914,794
                                                                ------------             ------------
                                                                $ 5,936,062              $ 6,204,361
                                                                ============             ============


                                                                              July 31,
                                                                   2000                     1999
                                                               --------------------------------------

Identifiable assets
     Product recovery/pollution control equipment               $41,413,269              $42,240,578
     Fluid handling equipment                                    18,422,881               19,213,025
                                                               -------------             ------------
                                                                 59,836,150               61,453,603
     Corporate                                                    8,057,528                7,957,896
                                                               -------------             ------------
                                                                $67,893,678              $69,411,499
                                                                ============             ============
</TABLE>




NOTE 6 - 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.

                                      -7-
<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 July 31, 2000 and
the related condensed consolidated  statements of operations,  for the six-month
and three-month  periods ended July 31, 2000 and 1999 and  stockholders'  equity
and cash flows for the  six-month  periods  ended July 31, 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
August 16, 2000





                                      -8-
<PAGE>


                               MET-PRO CORPORATION



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


Results of Operations:

Six Months Ended July 31, 2000 vs Six Months Ended July 31, 1999

Net sales for the six-month period ended July 31, 2000 were $40,509,159 compared
to  $41,366,235  for the  six-month  period  ended July 31,  1999, a decrease of
$857,076 or 2.1%.  Sales in the  Product  Recovery/Pollution  Control  Equipment
segment were  $25,940,266 or 7.6% lower than the six-month  period July 31, 1999
due to lower  demand  for our  product  recovery  equipment.  Sales in the Fluid
Handling  Equipment  segment  were  $14,568,893  or 9.6% higher  compared to the
six-month  period ended July 31, 1999 due primarily to increased  demand for our
specialty pump equipment.

Backlog at July 31, 2000 totaled $14,268,534 or 64.4% higher than the backlog of
orders on hand at July 31, 1999.  In  addition,  the Company had  $3,323,362  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 six-month period ended July 31, 2000 was $3,683,803  compared
to  $3,748,978  for the  six-month  period  ended July 31,  1999,  a decrease of
$65,175 or 1.7%.  The  decrease  in net  income is  related  to the lower  gross
margins in the Product  Recovery/Pollution  Control  Equipment  segment plus the
aforementioned lower sales during this period.

The gross margin for the  six-month  period ended July 31, 2000 was 34.4% versus
34.0 % for the same  period  in the  prior  year  due to  higher  gross  margins
experienced in the Fluid Handling Equipment segment.

Selling  expense  decreased  $60,119 during the six-month  period ended July 31,
2000 compared to the same period last year.  Selling  expense as a percentage of
net sales was 9.1% for the six-month period ended July 31, 2000, which was equal
to the same period last year.

General and administrative expense was $4,295,042 for the six-month period ended
July 31, 2000 compared to $4,126,022  for the same period last year, an increase
of $169,020. General and administrative expense as a percentage of net sales was
10.6% for the  six-month  period  ended July 31, 2000  compared to 10.0% for the
same period last year.

Interest  expense was  $360,681  for the  six-month  period  ended July 31, 2000
compared  to $429,009  for the same  period in the prior year,  or a decrease of
$68,328.

Other income,  net,  decreased  $45,502 for the six-month  period ended July 31,
2000 compared to the six-month period ended July 31, 1999.

The effective  tax rate for the  six-month  period ended July 31, 2000 was 36.5%
compared to 38% for the six-month period ended July 31, 1999.

Three Months Ended July 31, 2000 vs Three Months Ended July 31, 1999

Net  sales for the  three-month  period  ended  July 31,  2000  were  20,258,228
compared  to  20,538,207  for the  three-month  period  ended July 31,  1999,  a
decrease of $279,979 or 1.4%.  The sales  decrease  can be  attributed  to lower
sales in the Product Recovery/Pollution Control Equipment segment.

Net  income  for the  three-month  period  ended  July 31,  2000 was  $1,930,519
compared to  $1,877,136  for the  three-month  period  ended July 31,  1999,  an
increase of $53,383 or 2.8%. The increase in net income is related to the higher
sales volume in the Fluid Handling  Equipment segment for the three-month period
ended July 31,  2000 plus  higher  gross  margins  for this  segment  during the
period.

The gross  margin  for the  three-month  period  ended  July 31,  2000 was 35.3%
compared to 33.9% for the same period last year.  The  increase is due to higher
gross margins experienced in the Fluid Handling Equipment segment.


                                      -9-
<PAGE>
                              MET-PRO CORPORATION

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


Selling expenses  increased $6,389 during the three-month  period ended July 31,
2000  compared  to the same  period  last year.  As a  percentage  of net sales,
selling expense increased to 9.3% for the three-month period ended July 31, 2000
from 9.1% for the three-month period ended July 31, 1999.

General and administrative  expense was $2,177,998 during the three-month period
ended July 31, 2000 compared to $1,993,347  during the three-month  period ended
July 31, 1999, an increase of $184,651.  General and administrative  expense for
the three-month  period ended July 31, 2000 was 10.8% of net sales,  compared to
9.7% of net sales for the same period last year.

Interest  expense was  $175,850 for the  three-month  period ended July 31, 2000
compared  to $216,554  for the same  period in the prior year,  or a decrease of
$40,704.

Other income,  net,  decreased $7,410 for the three-month  period ended July 31,
2000 compared to the three-month period ended July 31, 1999.

The effective tax rate for the three-month  period ended July 31, 2000 was 36.5%
compared to 38% for the three-month period ended July 31, 1999.


Liquidity:

The  Company's  cash and  cash  equivalents  were  $6,848,416  on July 31,  2000
compared to  $6,331,556  on January 31,  2000,  an  increase of  $516,860.  This
increase  is the net result of the  following  occurring  during  the  six-month
period:  the payment of quarterly cash  dividends  amounting to $920,191 (net of
$80,108 of dividends  utilized by  stockholders  for stock  purchases  under the
Dividend  Reinvestment Plan),  payments on long-term debt totalling  $1,003,317,
purchases of treasury stock amounting to $2,978,555,  and investment in property
and  equipment  amounting to $408,949,  offset by positive cash flow provided by
operating  activities  of  $5,841,475,  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 $13,750,537 on July 31, 2000 compared to
$13,733,256 on January 31, 2000,  which  represents an increase of $17,281.  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 $13,594,533 on July 31, 2000 compared to $13,744,142 on January
31, 2000, a decrease of $149,609.  Inventory balances  fluctuate  depending upon
market demand, the size and timing of orders, and varying lead times required.

Current  liabilities  amounted  to  $14,208,037  on July 31,  2000  compared  to
$13,681,578 on January 31, 2000, an increase of $526,459.  Accrued  expenses and
customer advances, offset by a reduction in accounts payable,  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.

                                      -10-
<PAGE>
                              MET-PRO CORPORATION

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


Capital Resources and Requirements:

Cash flows provided by operating  activities  during the six-month  period ended
July 31, 2000,  amounted to  $5,841,475,  compared  with  $6,431,201  during the
six-month  period ended July 31, 1999, a decrease of $589,726.  This decrease in
cash flows from operating  activities was due principally to the increase in the
accounts receivable balance combined with a decrease in accounts payable for the
period ended July 31, 2000.

Cash flows used in investing  activities  during the six-month period ended July
31, 2000 amounted to $406,949,  compared with $526,149 for the six-month  period
ended July 31, 1999. The Company's investing  activities  principally consist of
the acquisitions of property, plant and equipment in the two operating segments.

Financing  activities  during the six-month  period ended July 31, 2000 utilized
$4,902,063  of available  resources  compared to  $6,382,010  for the  six-month
period  ended July 31, 1999.  The 2000  activity is the result of the payment of
quarterly  cash  dividends  amounting  to $920,191  (net of $80,108 of dividends
utilized by shareholders for stock  purchases  under the  Dividend  Reinvestment
Plan),  reduction of long-term debt totalling  $1,003,317,  plus the purchase of
treasury stock totalling $2,978,555.

On May 11, 1999,  the Company  announced the initiation of a 350,000 share stock
repurchase program ("1999 Stock Repurchase Program"). The Company completed this
stock  repurchase  program  during the six-month  period ended July 31, 2000. On
February  21, 2000 the Company  announced a new stock  repurchase  program  (the
"2000  Stock   Repurchase   Program")  for  an  additional   350,000  shares  or
approximately  6% of the  Company's  outstanding  stock,  to commence  after all
shares have been repurchased  under the 1999 Stock Repurchase  Program.  The new
program was initiated  because in management's view the current stock price does
not reflect  the true stock  value.  Purchases  may be made from time to time in
open  market  transactions  at the  prevailing  prices  and in  accordance  with
applicable  rules.  The Company may discontinue the program at any time. For the
six-month  period ended July 31, 2000,  the Company had  repurchased  a total of
314,412  shares  consisting  of 249,437  shares under the 2000 Stock  Repurchase
Program and 64,975 shares under the 1999 Stock Repurchase  Program, at a cost of
$2,978,555,  or 5% of the outstanding shares, which was charged to stockholders'
equity.

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,  June 9, 2000, and September 11, 2000 to  stockholders of record
as of February 25, 2000, May 26, 2000, and August 28, 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.



                                      -11-
<PAGE>
                              MET-PRO CORPORATION

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


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",  "expects", "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

The annual  meeting of the Company's  stockholders  was held on June 7, 2000. At
that  meeting,  three  proposals  were  submitted  to a vote  of  the  Company's
stockholders. Proposal 1 was a proposal to elect two Directors (with Alan Lawley
and Gary J. Morgan being the nominees) to serve until the 2003 Annual Meeting of
Stockholders  and one  Director  (with  Michael J. Morris  being the nominee) to
serve until the 2002 Annual Meeting of  Stockholders.  Proposal 2 was to approve
the adoption of the Met-Pro  Corporation Year 2000 Employee Stock Purchase Plan.
Proposal 3 was to ratify the selection of Margolis & Company P.C. as independent
certified  public  accountants for the Company's  fiscal year ending January 31,
2001.

At the close of business on the record date for the meeting (which was April 13,
2000),  there were 6,324,005 shares of common stock  outstanding and entitled to
be  voted  at  the  meeting.   Holders  of  6,046,404  shares  of  common  stock
(representing  a like number of votes) were  present at the  meeting,  either in
person or by proxy.

The  following  table  sets  forth  the  results  of the  voting  on each of the
proposals:

<TABLE>
<CAPTION>
                                                                                   Number of Votes

Proposals                                                     For            Against           Abstain
-------------------------------------------------------------------------------------------------------
Proposal 1 - Election of Directors:
<S>                                                        <C>                <C>               <C>
               Alan Lawley                                 5,857,985          188,419             --
               Gary J. Morgan                              5,856,475          189,929             --
               Michael J. Morris                           5,857,985          188,419             --
-------------------------------------------------------------------------------------------------------
Proposal 2 - Adoption of Met-Pro Corporation Year 2000
               Employee Stock Purchase Plan                5,649,062          312,801           84,541
-------------------------------------------------------------------------------------------------------
Proposal 3 - Selection of Margolis
               & Company P.C.                              5,896,789          135,919           13,696
-------------------------------------------------------------------------------------------------------
</TABLE>

Consequently, all proposals were passed by the stockholders.


                                      -13-
<PAGE>
                              MET-PRO CORPORATION



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  during the  six-month  period
          ended July 31, 2000.


                                      -14-
<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)




September 6, 2000                            /s/ William L. Kacin
                                             -----------------------------------
                                             William L. Kacin,
                                             Chairman, President and
                                             Chief Executive Officer

September 6, 2000                            /s/ Gary J. Morgan
                                             -----------------------------------
                                             Gary J. Morgan,
                                             Vice President  of  Finance,
                                             Secretary and Treasurer, Chief
                                             Financial Officer, Chief Accounting
                                             Officer and Director


                                      -15-