<PAGE>
================================================================================


                       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, 1998          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 $0.10 per share) is 6,996,298 (as of April 30, 1998).


================================================================================
<PAGE>



                                                       MET-PRO CORPORATION



                                                             INDEX


PART I - FINANCIAL INFORMATION
<TABLE>
<CAPTION>

   Item 1.   Financial Statements
<S>      <C>                                                                                                   <C>

         Condensed consolidated balance sheet as of
                  April 30, 1998 and January 31, 1998.........................................................  2
         Condensed consolidated statement of operations for the three-month
                  periods ended April 30, 1998 and 1997.......................................................  3
         Condensed consolidated statement of stockholders' equity for the
                  three-month periods ended April 30, 1998 and 1997...........................................  4
         Condensed consolidated statement of cash flows for the three-month
                  periods ended April 30, 1998 and 1997.......................................................  5
         Notes to condensed consolidated financial statements.................................................  6
         Report on review by independent accountants..........................................................  8

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


PART II - OTHER INFORMATION

   Item 6(b).     Reports on Form 8-K......................................................................... 12

SIGNATURES.................................................................................................... 12

</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                                                                            1998                         1998
------------------------------------------------------------------------------------------------------------------------
<S>                                                                            <C>                          <C>


Current assets
    Cash and cash equivalents                                                  $ 9,780,565                  $11,253,380
    Accounts receivable, net of allowance for doubtful
       accounts of approximately $268,000 and
       $280,000, respectively                                                   10,128,804                   10,664,310
    Notes receivable, ESOT                                                              --                      200,000
    Inventories - Note 3                                                        13,059,777                   12,210,749
    Prepaid expenses, deposits and other current assets                            982,567                      723,965
    Deferred income taxes                                                        1,014,856                    1,014,856
------------------------------------------------------------------------------------------------------------------------
          Total current assets                                                  34,966,569                   36,067,260

Property, plant and equipment, net                                              13,783,213                   13,787,596
Costs in excess of net assets of businesses acquired, net                        7,257,982                    7,198,915
Other assets                                                                     1,159,756                      930,469
------------------------------------------------------------------------------------------------------------------------
          Total assets                                                         $57,167,520                  $57,984,240
========================================================================================================================

LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------------------------------------------------------------------------------------------
Current liabilities
    Current portion of long-term debt                                          $ 1,093,932                  $ 1,441,964
    Accounts payable                                                             3,207,803                    2,648,943
    Accrued salaries, wages and expenses                                         6,845,671                    6,523,442
    Payroll and other taxes payable                                                 19,832                        5,746
    Customers' advances                                                            125,379                      647,450
------------------------------------------------------------------------------------------------------------------------
          Total current liabilities                                             11,292,617                   11,267,545

Long-term debt                                                                   2,042,813                    2,242,047
Other non-current liabilities                                                      268,988                      249,037
Deferred income taxes                                                              377,701                      384,782
------------------------------------------------------------------------------------------------------------------------
          Total liabilities                                                     13,982,119                   14,143,411
------------------------------------------------------------------------------------------------------------------------

Stockholders' equity
    Common stock, $.10 par value; 18,000,000 shares
       authorized, 7,138,625 shares issued at both dates,
       of which 142,327 and 145,152 shares were reacquired
       and held in treasury at the respective dates                                713,862                      713,862
    Additional paid-in capital                                                   7,509,362                    7,868,357
    Retained earnings                                                           37,304,847                   37,667,872
    Accumulated other comprehensive income                                        (178,282)                    (219,015)
    Treasury stock, at cost                                                     (2,164,388)                  (2,190,247)
------------------------------------------------------------------------------------------------------------------------
          Net stockholders' equity                                              43,185,401                   43,840,829
------------------------------------------------------------------------------------------------------------------------
          Total liabilities and stockholders' equity                           $57,167,520                  $57,984,240
========================================================================================================================
</TABLE>

See accompanying notes to condensed consolidated financial statements.



                                                          -2-

<PAGE>
<TABLE>
<CAPTION>

                                                       MET-PRO CORPORATION

                                          CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

                                                           (unaudited)

                                                                                                        Three Months Ended
                                                                                                              April 30,
                                                                                                       1998               1997
----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                <C>                <C>
Net sales                                                                                          $14,940,888        $14,912,736

Cost of goods sold                                                                                   9,237,989          9,220,276
----------------------------------------------------------------------------------------------------------------------------------

Gross profit                                                                                         5,702,899          5,692,460
----------------------------------------------------------------------------------------------------------------------------------

Operating expenses

    Selling                                                                                          1,407,457          1,387,587

    General and administrative                                                                       1,637,410          1,701,440
----------------------------------------------------------------------------------------------------------------------------------
                                                                                                     3,044,867          3,089,027
----------------------------------------------------------------------------------------------------------------------------------

Income from operations                                                                               2,658,032          2,603,433

Other income, net                                                                                      190,397            177,496
----------------------------------------------------------------------------------------------------------------------------------

Income before taxes                                                                                  2,848,429          2,780,929

Provision for taxes                                                                                  1,110,885          1,084,562
----------------------------------------------------------------------------------------------------------------------------------

Net income                                                                                         $ 1,737,544        $ 1,696,367
==================================================================================================================================

Earnings per share, basic (1)                                                                      $       .25        $       .24

Earnings per share, diluted (2)                                                                    $       .25        $       .24

Cash dividend per share - declared (3)                                                             $       .30        $       .27

Cash dividend per share - paid (3)                                                                 $       .30        $       .27
==================================================================================================================================
</TABLE>

(1) Basic  earnings  per share are based  upon the  weighted  average number of
    common shares  outstanding of 7,009,023 on April 30, 1998 and 7,055,665 on
    April 30, 1997.

(2) Diluted earnings per share are based upon the weighted average number of
    common shares outstanding of 7,071,478 on April 30, 1998 and 7,149,331
    on April 30, 1997.

(3) On February 23, 1998, the Company declared a $.30 per share cash dividend
    payable on April 24, 1998 to shareholders of record on April 10, 1998.  On
    February 24, 1997, the Company declared a cash dividend of $.27 per share
    payable on April 25, 1997 to shareholders of record on April 11, 1997.


See accompanying notes to condensed consolidated financial statements.





                                                            -3-

<PAGE>
<TABLE>
<CAPTION>

                                                      MET-PRO CORPORATION

                                     CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

                                                           (unaudited)



                                                                              Accumulated
                                                 Additional                      Other
                                    Common        Paid-in       Retained     Comprehensive      Treasury
                                    Stock         Capital       Earnings     Income/(Loss)       Stock          Total
-------------------------------------------------------------------------------------------------------------------------
<S>                               <C>           <C>           <C>            <C>             <C>             <C>
Balances, January 31, 1998        $713,862      $7,868,357    $37,667,872    ($219,015)      ($2,190,247)    $43,840,829

Comprehensive income:
 Net income                                                     1,737,544
 Foreign currency translation                                                   40,733
    
   Total comprehensive income                                                                                  1,778,277

Dividends paid, $.30 per share                                 (2,100,569)                                    (2,100,569)

Stock option transactions                         (358,995)                                      720,315         361,320
Purchase of 44,800 shares of                                                                    (694,456)       (694,456)
  treasury stock
-------------------------------------------------------------------------------------------------------------------------
Balances, April 30, 1998          $713,862      $7,509,362    $37,304,847    ($178,282)      ($2,164,388)    $43,185,401
=========================================================================================================================



                                                                            Accumulated
                                                 Additional                    Other
                                    Common        Paid-in       Retained   Comprehensive       Treasury
                                    Stock         Capital       Earnings   Income/(Loss)        Stock          Total
-------------------------------------------------------------------------------------------------------------------------
Balances, January 31, 1997        $713,862      $8,260,289    $32,467,223    $  19,121       ($1,107,569)    $40,352,926

Comprehensive income:
 Net income                                                     1,696,367
 Foreign currency translation                                                 (108,257)

   Total comprehensive income                                                                                  1,588,110

Dividends paid, $.27 per share                                 (1,915,832)                                    (1,915,832)

Stock option transactions                         (434,732)                                      897,752         463,020
Purchase of 22,600 shares of                                                                    (305,918)       (305,918)
  treasury stock
-------------------------------------------------------------------------------------------------------------------------
Balances, April 30, 1997          $713,862      $7,825,557    $32,247,758     ($89,136)        ($515,735)    $40,182,306
=========================================================================================================================
</TABLE>







See accompanying notes to condensed consolidated financial statements.



                                                                    -4-

<PAGE>
<TABLE>
<CAPTION>

                                                       MET-PRO CORPORATION

                                          CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

                                                           (unaudited)

                                                                                         Three Months Ended
                                                                                              April 30,
                                                                                 1998                         1997
-----------------------------------------------------------------------------------------------------------------------
                                   INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

<S>                                                                           <C>                          <C>

Net cash provided by operating activities                                     $ 2,231,312                  $ 2,726,808
-----------------------------------------------------------------------------------------------------------------------

Cash flows from investing activities
    Proceeds from sale of property and equipment                                       --                       11,139
    Acquisitions of property and equipment                                       (321,994)                    (255,240)
    Acquisitions of other intangibles                                            (404,998)                          --
-----------------------------------------------------------------------------------------------------------------------
      Net cash (used in) investing activities                                    (726,992)                    (244,101)
-----------------------------------------------------------------------------------------------------------------------

Cash flows from financing activities
    Reduction of debt                                                            (547,266)                    (395,456)
    Exercise of stock options                                                     361,320                      430,425
    Payment of dividends                                                       (2,100,569)                  (1,915,832)
    Purchase of treasury shares                                                  (694,456)                    (305,918)
-----------------------------------------------------------------------------------------------------------------------
      Net cash (used in) financing activities                                  (2,980,971)                  (2,186,781)
-----------------------------------------------------------------------------------------------------------------------

Effect of exchange rate changes on cash                                             3,836                      (16,045)
-----------------------------------------------------------------------------------------------------------------------

Net increase (decrease) in cash and cash equivalents                           (1,472,815)                     279,881

Cash and cash equivalents at February 1                                        11,253,380                    9,070,976
-----------------------------------------------------------------------------------------------------------------------
Cash and cash equivalents at April 30                                         $ 9,780,565                  $ 9,350,857
=======================================================================================================================




                                          SUPPLEMENTAL CASH FLOW INFORMATION


Cash paid during the period for:

    Interest                                                                  $    83,748                  $    87,527
    Income taxes                                                              $   422,640                  $   427,565
=======================================================================================================================
</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  ("Met-Pro"  or the  "Company"),
Strobic Air Corporation and Mefiag B.V. 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, 1998 and the results of operations for the  three-month
periods ended April 30, 1998 and 1997, the statement of stockholder's equity and
the statement of cash flows for the three-month  periods then ended. The results
of  operations  for  the  three-month  period  ended  April  30,  1998  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, 1998.

In June 1997,  the  Financial  Accounting  Standards  Board (the "FASB")  issued
Statement  of  Financial  Accounting  Standards  ("SFAS")  No.  130,  "Reporting
Comprehensive  Income". The Company has adopted SFAS No. 130 in the three-months
ended April 30, 1998. This standard  expands or modifies  disclosures and has no
impact on the Company's  consolidated results of operations,  financial position
or cash flows.

In June 1997,  the FASB issued SFAS No. 131,  "Disclosures  about Segments of an
Enterprise and Related Information".  SFAS No. 131 establishes standards for the
way public business  enterprises report information about segments in annual and
interim financial reports issued to shareholders.  It also establishes standards
for related disclosures about products and services,  geographic areas and major
customers.  SFAS No. 131 is effective for financial  statements for fiscal years
beginning  after December 15, 1997.  Financial  statement  disclosures for prior
periods are required to be restated. Met-Pro is in the process of evaluating the
disclosure  requirements.  The  adoption  of SFAS No. 131 will have no impact on
Met-Pro's consolidated results of operations, financial position or cash flows.

In February 1998, the FASB issued SFAS No. 132,  "Employer's  Disclosures  about
Pensions and Other Postretirement  Benefits". SFAS No. 132 establishes standards
for the disclosures of pension and other  postretirement  benefit plans. It does
not change the measurement and recognition  standards for those plans,  but does
revise and replace the prior disclosure requirements.  SFAS No. 132 is effective
for  fiscal  years  beginning  after  December  15,  1997.  Financial  statement
disclosures  for prior  periods are required to be  restated.  Met-Pro is in the
process of evaluating the disclosure requirements.  The adoption of SFAS No. 132
will have no impact on Met-Pro's  consolidated results of operations,  financial
position or cash flows.



















                                                        -6-

<PAGE>

                               MET-PRO CORPORATION

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS




NOTE 3 - INVENTORIES

Inventories consisted of the following:

                             April 30,           January 31,
                               1998                 1998
                            -----------          -----------
    Raw material            $ 5,955,258          $ 5,570,663
    Work in process           2,141,804            2,001,618
    Finished goods            4,962,715            4,638,468
                            -----------          -----------
                            $13,059,777          $12,210,749
                            ===========          ===========


NOTE 4 - ACCOUNTANTS' 10-Q REVIEW

Margolis & Company P.C., the Company's auditors,  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 and its Wholly Owned Subsidiaries
Harleysville, Pennsylvania

We have  reviewed  the  accompanying  condensed  consolidated  balance  sheet of
Met-Pro  Corporation and its wholly owned  subsidiaries as of April 30, 1998 and
the related  condensed  consolidated  statements  of  operations,  stockholders'
equity and cash flows for the three-month periods ended April 30, 1998 and 1997.
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 balance sheet as of January 31, 1998 and the related  statements
of operations, stockholders' equity, and cash flows for the year then ended (not
presented  herein);  and in our report dated  February 19, 1998, 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, 1998 is fairly stated, in all material  respects,  in relation
to the balance sheet from which it has been derived.







                                                    Certified Public Accountants


Bala Cynwyd, Pennsylvania
May 13, 1998

















                                                        -8-

<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, 1998 vs Three Months Ended April 30, 1997

Net sales for the  three-month  period  ended  April 30,  1998 were  $14,940,888
compared to  $14,912,736  for the  three-month  period ended April 30, 1997,  an
increase  of  $28,152.  The  length  of  time  required  to  design,   engineer,
manufacture and ship products,  especially in the Pollution  Control Systems and
Allied Equipment segment of our business,  combined with contract  requirements,
will cause shipments to vary from quarter to quarter.

The  backlog of  $5,712,487  at April 30,  1998 was 7.0% lower  compared  to the
backlog at the  beginning of the fiscal year.  Bookings of new orders were 15.9%
lower for the  three-month  period ended April 30, 1998 than for the three-month
period ended April 30, 1997.  This does not include an additional  $5,841,652 of
orders in house at April 30, 1998 which,  according to our longstanding  policy,
are not included in the backlog until, as engineered products, complete drawings
have been approved.

Net  income for the  three-month  period  ended  April 30,  1998 was  $1,737,544
compared to  $1,696,367  for the  three-month  period ended April 30,  1997,  an
increase of $41,177 or 2.4%. The increase in net income is related to the higher
sales volume and continuing cost controls for the three-month period ended April
30, 1998.

The gross margin for the three-month period ended April 30, 1998 was the same as
the prior  year at  38.2%.  The  constant  gross  margin  can be  attributed  to
continued production efficiencies in both business segments.

Selling expense increased $19,870 during the three-month  period ended April 30,
1998 compared to the same period last year.  Selling  expense as a percentage of
net sales was 9.4% for the  three-month  period  ended April 30,  1998, a slight
increase compared to the three-month period ended April 30, 1997.

General and  administrative  expense was $1,637,410 for the  three-month  period
ended April 30, 1998  compared to  $1,701,440  for the same period last year,  a
decrease of $64,030.  The Company's  continued focus on cost controls enables it
to  decrease   overall  general  and   administrative   expenses.   General  and
administrative  expense as a percentage of net sales  decreased to 11.0% for the
three-month  period  ended  April 30,  1998 from 11.4% for the same  period last
year.

Other income,  net, increased $12,901 for the three-month period ended April 30,
1998 compared to the  three-month  period ended April 30, 1997,  due to interest
earned on higher cash balances.

The  effective  tax rate for the  three-month  periods  ended April 30, 1998 and
April 30, 1997 was 39.0%.














                                                        -9-

<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  was  $9,780,565  on April  30,  1998
compared to  $11,253,380  on January 31,  1998, a decrease of  $1,472,815.  This
decrease  is the  net  result  of  positive  cash  flow  provided  by  operating
activities of $2,231,312,  proceeds  received from the exercise of stock options
of  $361,320,  offset by  payment  of the  annual  cash  dividend  amounting  to
$2,100,569,  payments on long-term debt totalling $547,266, purchase of treasury
stock  amounting  to $694,456,  acquisition  of other  intangibles  amounting to
$404,998 and  investment  in property and equipment  amounting to $321,994.  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 $10,128,804 on April 30, 1998 compared to
$10,664,310 on January 31, 1998,  which  represents a decrease of $535,506.  The
timing and size of shipments  and  retainage  on  contracts,  especially  in the
Pollution Control Systems and Allied Equipment  segment will influence  accounts
receivable balances at any point in time.

Inventories  were  $13,059,777  on April 30,  1998  compared to  $12,210,749  on
January  31,  1998,  an  increase  of  $849,028.  Inventory  balances  fluctuate
depending upon market demand,  the size and timing of orders and long lead times
required.

Current  liabilities  amounted  to  $11,292,617  on April 30,  1998  compared to
$11,267,545  on January 31,  1998,  an increase  of $25,072.  Accounts  payable,
accrued expenses,  and payroll and other taxes payable,  offset by the reduction
in the current portion of long-term debt, accounted for the slight 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. Funds,
in  general,  have  exceeded  the  current  needs of the  Company.  The  Company
presently foresees no immediate or future change in this situation.

Capital Resources and Requirements:

Cash flows provided by operating  activities during the three-month period ended
April  30,  1998  amounted  to  $2,231,312   compared  with  $2,726,808  in  the
three-month period ended April 30, 1997, a decrease of $495,496.

Cash flows used in  investing  activities  during the  three-month  period ended
April 30, 1998 amounted to $726,992  compared with $244,101 for the  three-month
period ended April 30, 1997.  The  Company's  investing  activities  principally
represent the acquisitions of property, plant and equipment in the two operating
segments.  During the  three-month  period  ended  April 30,  1998,  the Company
acquired certain assets of a distributor of its Stiles-Kem products,  located in
the Southeastern United States, for a purchase price of approximately  $400,000.
The purchase price was allocated to customer lists, covenants not to compete and
goodwill.

Financing activities during the three-month period ended April 30, 1998 utilized
$2,980,971 of available  resources  compared to $2,186,781  for the  three-month
period ended April 30, 1997.  The 1998  activity is the result of the payment of
the annual cash dividend  amounting to  $2,100,569,  reduction of long-term debt
totalling  $547,266,  plus the purchase of treasury  stock  totalling  $694,456,
offset by proceeds provided by the exercise of stock options totalling $361,320.






                                                       -10-

<PAGE>

                               MET-PRO CORPORATION


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



On February  23, 1998,  the Board of Directors  declared a $.30 per share annual
cash dividend (compared to the $.27 per share cash dividend paid in April, 1997)
payable  on April 24,  1998 to  stockholders  of record on April 10,  1998.  The
dividend  paid in April 24, 1998 on the Common  Stock  represented  29.5% of the
prior fiscal year earnings.

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

Year 2000 Compliance:

During the fiscal year ended  January 31, 1998,  the Company began to modify its
computer  software to  correctly  process  dates for the Year 2000.  The Company
presently believes that the modifications to its existing software are complete.
Although the Company does not expect that it will incur  material  sums prior to
the year 2000 in connection  with computer  software  modifications  required in
connection  therewith,  no assurances can be given as to this, nor as to whether
the Company will not be adversely affected by Year 2000 compliance problems.

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  "believes",  "expects",
"anticipates",  "intends"  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 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 does  business.  As a participant in
the pollution control and fluid handling  industries,  the Company operates in a
rapidly  changing and highly  competitive  environment.  The Company  sells both
custom products to customers, 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.











                                                       -11-
<PAGE>



                               MET-PRO CORPORATION



PART II - OTHER INFORMATION


Item 6(b).  Reports on Form 8-K:

    There were no reports on Form 8-K filed for the three-month period ended
April 30, 1998.








                                   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 27, 1998                   /s/  William L. Kacin
                               -------------------------------------------
                               William L. Kacin,
                               President,
                               Chief Executive Officer and Director



May 27, 1998                   /s/  Gary J. Morgan
                               -------------------------------------------
                               Gary J. Morgan,
                               Vice President of Finance,
                               Secretary and Treasurer, Chief
                               Financial Officer, Chief Accounting Officer,
                               and Director















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