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

                       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:  October 31, 1999        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 6,391,755 as of October 31, 1999.



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



                                               MET-PRO CORPORATION



                                                       INDEX


PART I - FINANCIAL INFORMATION
<TABLE>
<CAPTION>

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

         Condensed consolidated balance sheet as of
                  October 31, 1999 and January 31, 1999.......................................................   2
         Condensed consolidated statement of operations for the nine-month
                  and three-month periods ended October 31, 1999 and 1998.....................................   3
         Condensed consolidated statement of stockholders' equity for the
                  nine-month periods ended October 31, 1999 and 1998..........................................   4
         Condensed consolidated statement of cash flows for the nine-month
                  periods ended October 31, 1999 and 1998.....................................................   5
         Notes to condensed consolidated financial statements.................................................   6
         Report of independent accountants....................................................................   9

   Item 2.  Management's Discussion and Analysis of Financial Condition
                  and Results of Operations...................................................................  10


PART II - OTHER INFORMATION

   Item 1.  Legal Proceedings.................................................................................  15

   Item 2.  Changes in Securities.............................................................................  15

   Item 3.  Defaults Upon Senior Securities...................................................................  15

   Item 4.  Submissions of Matters to a Vote of Security Holders..............................................  15

   Item 5.  Other Information.................................................................................  15

   Item 6.  Exhibits and Reports on Form S-K

            (a) Exhibits Required by Item 601 of Regulation S-K...............................................  15
            (b) Reports on Form 8-K ..........................................................................  15

SIGNATURES....................................................................................................  16
</TABLE>














                                                          -1-


<PAGE>


                                                MET-PRO CORPORATION

                                       CONDENSED CONSOLIDATED BALANCE SHEET

                                                    (unaudited)


PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements
<TABLE>
<CAPTION>


                                                                               October 31,                   January 31,
ASSETS                                                                             1999                         1999
------------------------------------------------------------------------------------------------------------------------
<S>                                                                            <C>                          <C>
Current assets
    Cash and cash equivalents                                                   $5,190,041                   $7,446,369
    Accounts receivable, net of allowance for doubtful
       accounts of approximately $312,000 and
       $261,000, respectively                                                   13,103,331                   14,492,082
    Inventories - Note 4                                                        13,825,780                   14,973,169
    Prepaid expenses, deposits and other current assets                          1,154,806                      827,824
    Deferred income taxes                                                          944,009                      944,009
------------------------------------------------------------------------------------------------------------------------
          Total current assets                                                  34,217,967                   38,683,453

Property, plant and equipment, net                                              13,614,515                   13,931,276
Costs in excess of net assets of businesses acquired, net                       18,896,102                   19,260,591
Other assets                                                                       759,989                    1,013,321
------------------------------------------------------------------------------------------------------------------------
          Total assets                                                         $67,488,573                  $72,888,641
========================================================================================================================

LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------------------------------------------------------------------------------------------
Current liabilities
    Current portion of long-term debt                                           $2,006,657                   $2,125,093
    Accounts payable                                                             4,028,230                    5,213,770
    Dividend payable                                                               511,340                           --
    Accrued salaries, wages and expenses                                         5,870,691                    5,804,235
    Payroll and other taxes payable                                                 38,598                      216,822
    Customers' advances                                                            650,106                    1,027,948
------------------------------------------------------------------------------------------------------------------------
          Total current liabilities                                             13,105,622                   14,387,868

Long-term debt                                                                  10,436,120                   11,941,954
Other non-current liabilities                                                      394,011                      328,838
Deferred income taxes                                                              283,386                      304,874
------------------------------------------------------------------------------------------------------------------------
          Total liabilities                                                     24,219,139                   26,963,534
------------------------------------------------------------------------------------------------------------------------

Stockholders' equity
    Common stock, $.10 par value; 18,000,000 shares
       authorized, 7,185,507 and 7,138,625 shares issued,
       of which 793,752 and 343,727 shares were reacquired
       and held in treasury at the respective dates                                718,550                      713,862
    Additional paid-in capital                                                   7,938,033                    7,508,748
    Retained earnings                                                           44,976,775                   42,718,355
    Accumulated other comprehensive loss                                          (235,940)                     (85,103)
    Treasury stock, at cost                                                    (10,127,984)                  (4,930,755)
------------------------------------------------------------------------------------------------------------------------
          Net stockholders' equity                                              43,269,434                   45,925,107
------------------------------------------------------------------------------------------------------------------------
          Total liabilities and stockholders' equity                           $67,488,573                  $72,888,641
========================================================================================================================
</TABLE>

See accompanying notes to condensed consolidated financial statements.


                                                          -2-
<PAGE>
<TABLE>
<CAPTION>
                                                    MET-PRO CORPORATION

                                      CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

                                                        (unaudited)


                                                                    Nine Months Ended                   Three Months Ended
                                                                        October 31,                         October 31,
                                                                1999                1998               1999              1998
----------------------------------------------------------------------------------------------------------------------------------
<S>                                                          <C>                 <C>                <C>                <C>
Net sales                                                    $59,212,504         $46,617,291        $17,846,269       $17,087,560

Cost of goods sold                                            38,824,967          29,274,180         11,528,063        10,908,351
----------------------------------------------------------------------------------------------------------------------------------

Gross profit                                                  20,387,537          17,343,111          6,318,206         6,179,209
----------------------------------------------------------------------------------------------------------------------------------

Operating expenses

    Selling                                                    5,558,747           4,219,151          1,809,594         1,513,383

    General and administrative                                 6,690,014           5,190,958          2,154,514         1,912,917
----------------------------------------------------------------------------------------------------------------------------------
                                                              12,248,761           9,410,109          3,964,108         3,426,300
----------------------------------------------------------------------------------------------------------------------------------

Income from operations                                         8,138,776           7,933,002          2,354,098         2,752,909

Other Income, net                                                372,775             478,504            110,715           142,180
----------------------------------------------------------------------------------------------------------------------------------

Income before taxes                                            8,511,551           8,411,506          2,464,813         2,895,089

Provision for taxes                                            3,060,910           3,126,044            763,150         1,100,133
----------------------------------------------------------------------------------------------------------------------------------

Net income                                                    $5,450,641          $5,285,462         $1,701,663        $1,794,956
==================================================================================================================================

Earnings per share, basic (1)                                       $.83                $.76               $.26              $.26

Earnings per share, diluted (2)                                     $.82                $.76               $.26              $.26

Cash dividend per share - declared (3)                              $.48                $.30               $.08              $.00

Cash dividend per share - paid (3)                                  $.40                $.30               $.08              $.00
===================================================================================================================================
</TABLE>

(1)  Basic earnings per share are based on the weighted average number of shares
     of common stock  outstanding  of 6,592,232 and 6,936,273 in the  nine-month
     periods  ended October 31, 1999 and 1998,  respectively,  and 6,619,678 and
     6,947,502  in the  three-month  periods  ended  October  31, 1999 and 1998,
     respectively.

(2)  Diluted  earnings  per share are based on the  weighted  average  number of
     shares of common  stock  outstanding  of  6,631,383  and  6,986,611  in the
     nine-month  periods  ended  October  31, 1999 and 1998,  respectively,  and
     6,660,094 and 6,999,652 in the  three-month  periods ended October 31, 1999
     and 1998, respectively.

(3)  On February  23,  1998,  the Company  declared a cash  dividend of $.30 per
     share  payable  on April 24,  1998 to  stockholders  of record on April 10,
     1998. On February 22, 1999,  the Company  declared an annual $.32 per share
     cash  dividend  payable on April 23, 1999 for the fiscal year ended January
     31, 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. On October
     20, 1999,  the Company  declared a quarterly  $.08 per share cash  dividend
     payable on December  10,  1999 to  stockholders  of record on November  26,
     1999.

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         (Loss)             Stock           Total
-----------------------------------------------------------------------------------------------------------------------------------
<S>                                    <C>          <C>             <C>                <C>             <C>              <C>
Balances, January 31, 1999             $713,862     $7,508,748      $42,718,355        ($85,103)       ($4,930,755)     $45,925,107

Comprehensive income:
  Net income                                                          5,450,641
  Foreign currency translation                                                         (150,837)

    Total comprehensive income                                                                                            5,299,804

Dividends paid, $.40 per share                                       (2,680,881)                                         (2,680,881)

Dividends declared, $.08 per share                                     (511,340)                                           (511,340)

Proceeds from issuance of
  common stock under dividend
  reinvestment plan (46,882               4,688        456,465                                                              461,153
  shares)

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

Purchase of 453,025 shares of
  treasury stock                                                                                        (5,239,409)      (5,239,409)
-----------------------------------------------------------------------------------------------------------------------------------
Balances, October 31, 1999             $718,550     $7,938,033      $44,976,775       ($235,940)      ($10,127,984)     $43,269,434
====================================================================================================================================





                                                                                    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                                                          5,285,462
  Foreign currency translation                                                          207,547

    Total comprehensive income                                                                                            5,493,009

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

Stock option transactions                             (359,609)                                            721,837          362,228

Purchase of 191,400 shares of
  treasury stock                                                                                        (2,776,031)      (2,776,031)
------------------------------------------------------------------------------------------------------------------------------------
Balances, October 31, 1998             $713,862     $7,508,748      $40,852,765        ($11,468)       ($4,244,441)     $44,819,466
====================================================================================================================================
</TABLE>



See accompanying notes to condensed consolidated financial statements.

                                                                    -4-
<PAGE>
<TABLE>
<CAPTION>

                                                MET-PRO CORPORATION

                                  CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

                                                    (unaudited)


                                                                                         Nine Months Ended
                                                                                            October 31,
                                                                                  1999                         1998
------------------------------------------------------------------------------------------------------------------------
                                   INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

<S>                                                                             <C>                          <C>

Net cash provided by operating activities                                       $7,715,350                   $5,521,373
------------------------------------------------------------------------------------------------------------------------

Cash flows from investing activities
    Proceeds from sale of property and equipment                                    12,048                        6,600
    Acquisitions of property and equipment                                        (888,414)                    (989,647)
    Acquisitions of other intangibles                                               (7,281)                    (412,856)
    Payment for acquisition of businesses                                               --                  (15,367,221)
------------------------------------------------------------------------------------------------------------------------
      Net cash (used in) investing activities                                     (883,647)                 (16,763,124)
------------------------------------------------------------------------------------------------------------------------

Cash flows from financing activities
    Proceeds from new borrowing                                                         --                   12,000,000
    Reduction of debt                                                           (1,624,270)                  (1,143,238)
    Exercise of stock options                                                       15,000                      362,228
    Payment of dividends                                                        (2,219,728)                  (2,100,569)
    Purchase of treasury shares                                                 (5,239,408)                  (2,776,031)
------------------------------------------------------------------------------------------------------------------------
      Net cash provided by (used in) financing activities                       (9,068,406)                   6,342,390
------------------------------------------------------------------------------------------------------------------------

Effect of exchange rate changes on cash                                            (19,625)                      27,400
------------------------------------------------------------------------------------------------------------------------

Net (decrease) in cash and cash equivalents                                     (2,256,328)                  (4,871,961)

Cash and cash equivalents at February 1                                          7,446,369                   11,253,380
------------------------------------------------------------------------------------------------------------------------
Cash and cash equivalents at October 31                                         $5,190,041                   $6,381,419
========================================================================================================================




                                          SUPPLEMENTAL CASH FLOW INFORMATION


Cash paid during the period for:

    Interest                                                                      $631,011                     $186,391
    Income taxes                                                                $2,739,675                   $3,328,384
========================================================================================================================
</TABLE>


See accompanying notes to condensed consolidated financial statements.



                                                        -5-
<PAGE>

                     MET-PRO CORPORATION 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 October 31,  1999 and the  results of  operations  for the nine-
month and  three-month  periods ended October 31, 1999 and 1998,  and changes in
stockholders'  equity and cash flows for the nine-month  periods then ended. The
results of operations for the nine-month and  three-month  periods ended October
31, 1999 and 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, 1999.



NOTE 3 - ACQUISITION OF BUSINESS

On October 29,  1998,  the  Company,  pursuant to an Asset  Purchase  Agreement,
purchased all of the operating  assets of Flex-Kleen  Corporation and Flex-Kleen
Canada Limited (collectively "Flex-Kleen") for a purchase price of approximately
$15,000,000  plus  the  assumption  of  ordinary   business   liabilities.   The
acquisition  was  accounted  for  as a  purchase  transaction.  Flex-Kleen  is a
manufacturer  of dry  particulate  collectors  that  are used  primarily  in the
process of  manufacturing  food  products  and  pharmaceuticals.  The  condensed
consolidated  statement of operations for the nine-months ended October 31, 1998
includes the operations of Flex-Kleen for the period since October 1, 1998.

The  acquisition was completed by a cash payment of  approximately  $15,000,000,
plus acquisition costs, which resulted in approximately $12,150,000 of goodwill.
A bank loan totalling  $12,000,000  having a ten-year term with a fixed interest
rate swap of 5.98% was used to finance the  acquisition.  Payments of  principal
and interest are payable on a quarterly basis.

On a pro-forma  basis,  consolidated  results of operations  for the  nine-month
period ended October 31, 1998 would have been as follows, if the acquisition had
been made as of February 1, 1998:


    Net sales                              $58,542,291
    Income before taxes                      9,249,543
    Net income                               5,804,946

    Earnings per share, basic                     $.84
    Earnings per share, diluted                   $.83














                                       -6-
<PAGE>


                               MET-PRO CORPORATION

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS




NOTE 4 - INVENTORIES

Inventories consisted of the following:

                                          October 31,             January 31,
                                             1999                    1999
                                         ------------            ------------
    Raw material                          $6,677,852              $7,246,379
    Work in progress                       2,239,776               2,435,351
    Finish goods                           4,908,152               5,291,439
                                         ------------            ------------
                                         $13,825,780             $14,973,169
                                         ============            ============



NOTE 5 - BUSINESS SEGMENT DATA

The Company's  operations are conducted in two business segments as follows: the
manufacture and sale of pollution control systems and allied 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>

                                                                                    Nine Months Ended October 31,
                                                                                    1999                      1998
                                                                                --------------------------------------
<S>                                                                             <C>                       <C>
Net sales
    Pollution control systems and allied equipment                              $39,346,224               $26,689,206
    Fluid handling equipment                                                     19,866,280                19,928,085
                                                                                ------------              ------------
                                                                                $59,212,504               $46,617,291
                                                                                ============              ============
Income from operations
    Pollution control systems and allied equipment                               $5,518,948                $4,987,520
    Fluid handling equipment                                                      2,619,828                 2,945,482
                                                                                ------------              ------------
                                                                                 $8,138,776                $7,933,002
                                                                                ============              ============


                                                                                              October 31,
                                                                                    1999                      1998
                                                                                --------------------------------------

Identifiable assets
    Pollution control systems and allied equipment                              $42,049,189               $44,883,938
    Fluid handling equipment                                                     18,969,915                20,585,637
                                                                                ------------              ------------
                                                                                 61,019,104                65,469,575
    Corporate                                                                     6,469,469                 7,869,579
                                                                                ------------              ------------
                                                                                $67,488,573               $73,339,154
                                                                                ============              ============
</TABLE>


                                                        -7-
<PAGE>


                               MET-PRO CORPORATION

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS




NOTE 6 - EMPLOYEE BENEFIT PLAN

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



NOTE 7 - INTEREST EXPENSE

The Company's  interest expense is included in general and administrative and is
comprised of the following:


                                                      October 31,
                                             1999                       1998
                                          -------------------------------------
Nine months ended                          $620,896                   $171,686
Three months ended                          201,212                     54,312




NOTE 8 - RECENT ACCOUNTING PRONOUNCEMENTS

In June 1998,  the  Financial  Accounting  Standards  Board issued  Statement of
Financial  Accounting  Standards  ("SFAS") No. 133,  "Accounting  for Derivative
Instruments  and Hedging  Activities".  SFAS No. 133 is effective for all fiscal
quarters of fiscal years  beginning  after June 15,  2000.  The adoption of this
pronouncement will have no immediate impact on Met-Pro's consolidated results of
operations, financial position or cash flows.



NOTE 9 - 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.
























                                       -8-
<PAGE>

                           REPORT OF INDEPENDENT ACCOUNTANTS



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

We have  reviewed  the  accompanying  condensed  consolidated  balance  sheet of
Met-Pro Corporation and its wholly owned subsidiaries as of October 31, 1999 and
the related condensed  consolidated  statements of operations for the nine-month
and three-month periods ended October 31, 1999 and 1998 and stockholders' equity
and cash flows for the nine-month periods ended October 31, 1999 and 1998. 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, 1999 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,
1999, 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, 1999 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
November 16, 1999

















                                       -9-
<PAGE>

                               MET-PRO CORPORATION


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


Results of Operations:

    Nine Months Ended October 31, 1999 vs Nine Months Ended October 31, 1998

Net sales for the  nine-month  period  ended  October 31, 1999 were  $59,212,504
compared to  $46,617,291  for the  nine-month  period ended October 31, 1998, an
increase of $12,595,213  or 27.0%.  Sales in the Pollution  Control  Systems and
Allied  Equipment  segment were $12,657,018 or 47.4% higher than  the nine-month
period ended October 31, 1998 due to the  acquisition of Flex-Kleen  Corporation
and  Flex-Kleen  Canada  Limited  (collectively  "Flex-Kleen"),  effective as of
October 1, 1998,  coupled with higher demand primarily for our Pollution Control
and Allied Equipment. Sales in the Fluid Handling Equipment segment were $61,805
lower compared to the nine-month period ended October 31, 1998.

Backlog at October 31, 1999 totaled  $12,877,852 or 17.4% lower than the backlog
of orders on hand at  October  31,  1998 and 48.4%  higher  than the  backlog of
orders on hand at July 31,  1999.  In  addition,  the Company had an  additional
$4,274,414  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.

The gross  margin for the  nine-month  period  ended  October 31, 1999 was 34.4%
versus  37.2% for the same period in the prior year due to lower  gross  margins
experienced in the Pollution Control Systems and Allied Equipment segment.

Selling expense increased  $1,339,596 during the nine-month period ended October
31, 1999 compared to the same period last year. The increase in selling  expense
is  attributed  to the inclusion of  Flex-Kleen  operations  for the  nine-month
period ended October 31, 1999 which in the previous year only included one month
for the  comparative  period.  Selling  expense as a percentage of net sales was
9.4% for  the nine-month  period  ended  October  31,  1999,  a slight  increase
compared to the nine-month period ended October 31, 1998.

General and  administrative  expense was $6,690,014  for the  nine-month  period
ended October 31, 1999 compared to $5,190,958  for the same period last year, an
increase of $1,499,056.  The increase was due mainly to  amortization,  interest
expense  and other  administrative  expenses  connected  with the  inclusion  of
Flex-Kleen,  which  in the  previous  year  only  included  one  month  for  the
comparative period.  Interest expense for the nine-months ended October 31, 1999
and  1998  amounted  to  $620,896  and  $171,686,   respectively.   General  and
administrative  expense as a percentage of net sales  increased to 11.3% for the
nine-month  period  ended  October  31, 1999 from 11.1% for the same period last
year.

Other income,  net,  decreased  $105,729 for the nine-month period ended October
31, 1999 compared to the  nine-month  period ended October 31, 1998, due to less
interest earned on lower cash balances.

The effective tax rate for the nine-month  period ended October 31, 1999 was 36%
compared to 37.2% for the nine-month period ended October 31, 1998.


    Three Months Ended October 31, 1999 vs Three Months Ended October 31, 1998

Net sales for the  three-month  period ended  October 31, 1999 were  $17,846,269
compared to $17,087,560  for the  three-month  period ended October 31, 1998, an
increase  of $758,709  or 4.4%.  The sales  increase  can be  attributed  to the
acquisition  of  Flex-Kleen,  which in the previous year only included one month
for the comparative period.






                                      -10-
<PAGE>

                               MET-PRO CORPORATION


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



The gross margin for the  three-month  period  ended  October 31, 1999 was 35.4%
compared to 36.2% for the same period  last year.  The  decrease is due to lower
gross margins experienced in Pollution Control and Allied Equipment segment.

Selling expenses  increased $296,211 during the three-month period ended October
31, 1999  compared to the same period last year.  As a percentage  of net sales,
selling expense increased to 10.1% for the three-month  period ended October 31,
1999 from 8.9% for the  three-month  period ended October 31, 1998. The increase
in selling  expense is attributed to the inclusion of Flex-Kleen  operations for
the  three-month  period ended  October 31, 1999 which in the previous year only
included one month for the comparative period.

General and administrative  expense was $2,154,514 during the three-month period
ended October 31,1999 compared to $1,912,917 during the three-month period ended
October 31, 1998, an increase of $241,597. Interest expense for the three-months
ended October 31, 1999 and 1998 amounted to $201,212 and $54,312,  respectively.
General and administrative  expense for the three-month period ended October 31,
1999  increased to 12.1% of net sales compared to 11.2% for the same period last
year.  The increase in general and  administrative  expense is attributed to the
inclusion of Flex-Kleen  operations for the three-month period ended October 31,
1999, which in the  previous  year only  included  one month of the  comparative
period.

Other income,  net,  decreased $31,465 for the three-month  period ended October
31, 1999 compared to the prior year's comparable  three-month period due to less
interest earned on lower cash balances.

The  effective  tax rate for the  three-month  period ended October 31, 1999 was
31.0% compared to 38.0% for the three-month period ended October 31, 1998.


Liquidity:

The  Company's  cash and cash  equivalents  were  $5,190,041 on October 31, 1999
compared to  $7,446,369  on January 31,  1999,  a decrease of  $2,256,328.  This
decrease  is the net  result  of the  payment  of cash  dividends  amounting  to
$2,219,728 (net of $461,153 of dividends  utilized for stock purchased under the
Dividend  Reinvestment Plan),  payments on long-term debt totalling  $1,624,270,
purchase  of  treasury  stock  amounting  to  $5,239,408,  acquisition  of other
intangibles  amounting  to $7,281  and  investment  in  property  and  equipment
amounting  to  $888,414,  offset by positive  cash flow  provided  by  operating
activities of $7,715,350,  proceeds  received from the exercise of stock options
of  $15,000,  and  proceeds  received  from the sale of property  and  equipment
amounting to $12,048.  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 $13,103,331 on October 31, 1999 compared
to $14,492,082 on January 31, 1999,  which  represents a decrease of $1,388,751.
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  $13,825,780  on October 31, 1999 compared to  $14,973,169  on
January  31,  1999,  a decrease  of  $1,147,389.  Inventory  balances  fluctuate
depending  upon market  demand,  the size and timing of orders and varying  lead
times required.





                                      -11-


<PAGE>


                               MET-PRO CORPORATION

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



Current  liabilities  amounted to  $13,105,622  on October 31, 1999  compared to
$14,387,868  on January 31, 1999, a decrease of  $1,282,246.  Accounts  payable,
current  portion of long term debt,  customer  advances and other taxes payable,
offset by the increase in accrued expenses and dividends declared but payable in
a subsequent period, accounted for the decrease.

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


Capital Resources and Requirements:

Cash flows provided by operating  activities  during the nine-month period ended
October  31,  1999  amounted  to  $7,715,350  compared  with  $5,521,373  in the
nine-month period ended October 31, 1998, an increase of $2,193,977.

Cash flows used in  investing  activities  during the  nine-month  period  ended
October  31,  1999  amounted  to  $883,647  compared  with  $16,763,124  for the
nine-month  period ended October 31, 1998.  The Company's  investing  activities
principally  represent the acquisitions of property,  plant and equipment in the
two operating  segments,  combined with acquisition of businesses.  One of those
acquisitions  occurred  on October  29,  1998,  when the  Company  acquired  all
operating  assets of Flex-Kleen  Corporation  and Flex-Kleen  Canada Limited for
approximately  $15,000,000  together with the  assumption  of ordinary  business
liabilities. Flex-Kleen is a manufacturer of dry particulate collectors that are
used   primarily   in  the   process  of   manufacturing   food   products   and
pharmaceuticals.  The purchase price, exclusive of liabilities assumed, was paid
through the utilization of $3,000,000  from available  resources and $12,000,000
from new borrowings of long-term debt from Mellon Bank,  N.A. The purchase price
was allocated among operating  assets,  operating  liabilities,  covenant not to
compete, and goodwill.  The other acquisition during the nine-month period ended
October  31,  1998,  occurred  when 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  nine-month  period  ended  October  31,  1999
utilized  $9,068,406  of  available  resources  compared to  $6,342,390  of cash
provided for the nine-month  period ended October 31, 1998. The 1999 activity is
the result of the payment of dividends  amounting to $2,219,728 (net of $461,153
of dividends utilized for stock purchased under the Dividend Reinvestment Plan),
reduction of long-term debt totalling $1,624,270,  plus the purchase of treasury
stock totalling $5,239,408, offset by proceeds provided by the exercise of stock
options totalling $15,000.

On February  22, 1999,  the Board of Directors  declared a $.32 per share annual
cash  dividend  (compared to the $.30 per share cash  dividend paid on April 24,
1998) payable on April 23, 1999 to  stockholders of record on April 9, 1999. The
dividend  paid on April 23,  1999  represented  30.1% of the prior  fiscal  year
earnings.  A total of $431,329 of such dividend was used by our  stockholders to
purchase an aggregate of 44,218 shares through our dividend reinvestment plan.






                                      -12-
<PAGE>


                               MET-PRO CORPORATION


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


Due to the strong cash flows  generated from operating  activities,  the Company
announced the change from an annual dividend which was traditionally paid during
the month of April to an expected quarterly dividend.

On June 2, 1999,  the Board of Directors  declared a quarterly  dividend of $.08
per share payable on September 10, 1999 to  stockholders  of record at the close
of business on August 20, 1999.

On October 20,  1999,  the Board of Directors  declared a quarterly  dividend of
$.08 per share  payable on December  10, 1999 to  stockholders  of record at the
close of business on November 26, 1999.

On June 3, 1998,  the Company  announced the initiation of a 350,000 share stock
repurchase  program  ("1998 Stock  Repurchase  Program").  On May 12, 1999,  the
Company  announced  a new stock  repurchase  program for an  additional  350,000
shares or approximately 5% of the Company's outstanding stock, to commence after
all shares have been repurchased  under the 1998 Stock Repurchase  Program.  The
Company  completed  the 1998 Stock  Repurchase  Program,  during the  nine-month
period ended October 31, 1999.  These stock  repurchase  programs were initiated
and are expected to be implemented because, in management's view, the prevailing
price of the Company's stock does not adequately reflect the stock's fair value.
Purchases  will 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 nine-month period ended October 31,
1999,  the  Company  had  repurchased  453,025  shares,  280,825  under the plan
effective  May 12,  1999 and  172,200  shares  under the 1998  Stock  Repurchase
Program.

Consistent with past practices, the Company intends to 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:

The "Year 2000" issue refers to computer  systems and other equipment  operating
on software  that uses only two digits to represent  the year,  rather than four
digits. As a result,  these systems and equipment may not process information or
otherwise function properly when using the year "2000",  since that year will be
indistinguishable from the year "1900".

The Company initiated a Year 2000 program to assess and develop plans to resolve
the issue both  internally  and  externally.  During  1997,  the  Company  began
developing  a plan to upgrade its business  and  operating  systems to Year 2000
compliant software. Implementation of the upgrade began in 1998 with the initial
testing  of the  system  on a  limited  basis  prior  to  converting  all of the
Company's  locations.  As of May 1998, the Company had  substantially  completed
implementation  and testing of  substantially  all of its business and operating
systems at all of the Company's facilities.

The  Company has  surveyed  its major  suppliers,  financial  institutions,  and
certain others with whom it does business to determine their Year 2000 readiness
and  coordinate  conversion  efforts.  Approximately  95%  of  the  third  party
suppliers surveyed have responded to the Company's surveys. At the current time,
respondents the Company considers critical to the operations of the Company have
indicated  that they are,  or  reasonably  believe  that they will be, Year 2000
compliant.  If a material  risk  arises,  the Company is  prepared to  implement
procedures that will resolve the issues associated with the risks. Additionally,
the  Company  has  established  programs  to ensure  that  future  purchases  of
equipment and software are Year 2000 compliant.





                                      -13-
<PAGE>


                     MET-PRO CORPORATION MET-PRO CORPORATION




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



While  reasonable  actions  have been taken to address the Year 2000 problem and
will  continue  to be taken in the  future  to  mitigate  such  disruption,  the
magnitude of all Year 2000 disturbances cannot be predicted. Management believes
that  past  or  expected  future  capital  requirements  related  to  Year  2000
compliance issues will not have a material impact on the Company's  consolidated
financial position or results of operations.

The information above contains  forward-looking  statements  including,  without
limitation, statements relating to the Company's plans, strategies,  objectives,
expectations,  intentions,  and adequate resources that are made pursuant to the
"Safe Harbor"  provisions  of the Private  Securities  Litigation  Reform Act of
1995. Readers are cautioned that forward-looking  statements about the Year 2000
should be read in conjunction with the Company's  disclosures under the heading:
Cautionary Statement Regarding Forward Looking Statements.


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 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 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.















                                      -14-
<PAGE>


                               MET-PRO CORPORATION



PART II - OTHER INFORMATION



Item 1.  Legal Proceedings

None

Item 2.  Changes in Securities and Use of Proceeds

None

Item 3.  Defaults Upon Senior Securities

None

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

None

Item 5.  Other Information

None

Item 6.  Exhibits and Reports on Form S-K

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

         None

         (b) Reports on Form 8-K

         There were  no reports  filed for the  nine-month  period ended October
         31, 1999.




































                                      -15-
<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)




December 1, 1999               /s/  William L. Kacin
                                -------------------------------------------
                                William L. Kacin,
                                Chairman, President and
                                Chief Executive Officer



December 1, 1999               /s/  Gary J. Morgan
                                -------------------------------------------
                                Gary J. Morgan,
                                Vice President of Finance,
                                Secretary and Treasurer, Chief
                                Financial Officer, Chief Accounting Officer
                                and Director




























                                      -16-