<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, 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 6,707,516 (as of April 30, 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
                  April 30, 1999 and January 31, 1999.........................................................  2
         Condensed consolidated statement of operations for the three-month
                  periods ended April 30, 1999 and 1998.......................................................  3
         Condensed consolidated statement of stockholders' equity for the
                  three-month periods ended April 30, 1999 and 1998...........................................  4
         Condensed consolidated statement of cash flows for the three-month
                  periods ended April 30, 1999 and 1998.......................................................  5
         Notes to condensed consolidated financial statements.................................................  6
         Report of independent accountants....................................................................  9

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


PART II - OTHER INFORMATION

   Item 6(b).     Reports on Form 8-K......................................................................... 14

SIGNATURES.................................................................................................... 14

</TABLE>






















                                                        -1-

<PAGE>

                                                MET-PRO CORPORATION

                                       CONDENSED CONSOLIDATED BALANCE SHEET

                                                    (unaudited)

PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements
<TABLE>
<CAPTION>


                                                                                April 30,                  January 31,
ASSETS                                                                            1999                         1999
------------------------------------------------------------------------------------------------------------------------
<S>                                                                            <C>                         <C>

Current assets
    Cash and cash equivalents                                                  $ 6,952,175                  $ 7,446,369
    Accounts receivable, net of allowance for doubtful
       accounts of approximately $304,000 and
       $261,000, respectively                                                   14,615,426                   14,492,082
    Inventories - Note 4                                                        14,811,575                   14,973,169
    Prepaid expenses, deposits and other current assets                            985,540                      827,824
    Deferred income taxes                                                          944,009                      944,009
------------------------------------------------------------------------------------------------------------------------
          Total current assets                                                  38,308,725                   38,683,453

Property, plant and equipment, net                                              13,762,184                   13,931,276
Costs in excess of net assets of businesses acquired, net                       19,143,955                   19,260,591
Other assets                                                                       925,706                    1,013,321
------------------------------------------------------------------------------------------------------------------------
          Total assets                                                         $72,140,570                  $72,888,641
========================================================================================================================

LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------------------------------------------------------------------------------------------
Current liabilities
    Current portion of long-term debt                                           $2,077,235                   $2,125,093
    Accounts payable                                                             4,450,183                    5,213,770
    Accrued salaries, wages and expenses                                         7,907,027                    5,804,235
    Payroll and other taxes payable                                                165,464                      216,822
    Customers' advances                                                            993,557                    1,027,948
------------------------------------------------------------------------------------------------------------------------
          Total current liabilities                                             15,593,466                   14,387,868

Long-term debt                                                                  11,440,578                   11,941,954
Other non-current liabilities                                                      350,562                      328,838
Deferred income taxes                                                              297,639                      304,874
------------------------------------------------------------------------------------------------------------------------
          Total liabilities                                                     27,682,245                   26,963,534
------------------------------------------------------------------------------------------------------------------------


Stockholders' equity
    Common stock, $.10 par value; 18,000,000 shares
       authorized, 7,182,843 and 7,138,625 shares issued,
       of which 475,327 and 343,727 shares were reacquired
       and held in treasury at the respective dates                                718,284                      713,862
    Additional paid-in capital                                                   7,908,475                    7,508,748
    Retained earnings                                                           42,432,118                   42,718,355
    Accumulated other comprehensive loss                                          (236,090)                     (85,103)
    Treasury stock, at cost                                                     (6,364,462)                  (4,930,755)
------------------------------------------------------------------------------------------------------------------------
          Net stockholders' equity                                              44,458,325                   45,925,107
------------------------------------------------------------------------------------------------------------------------
          Total liabilities and stockholders' equity                           $72,140,570                  $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)



                                                                                                        Three Months Ended
                                                                                                              April 30,
                                                                                                       1999               1998
----------------------------------------------------------------------------------------------------------------------------------
<S>                                                                                                <C>                <C>

Net sales                                                                                          $20,828,028        $14,940,888

Cost of goods sold                                                                                  13,726,315          9,237,989
----------------------------------------------------------------------------------------------------------------------------------

Gross profit                                                                                         7,101,713          5,702,899
----------------------------------------------------------------------------------------------------------------------------------

Operating expenses

    Selling                                                                                          1,878,087          1,407,457

    General and administrative                                                                       2,339,591          1,637,410
----------------------------------------------------------------------------------------------------------------------------------
                                                                                                     4,217,678          3,044,867
----------------------------------------------------------------------------------------------------------------------------------

Income from operations                                                                               2,884,035          2,658,032

Other income, net                                                                                      135,066            190,397
----------------------------------------------------------------------------------------------------------------------------------

Income before taxes                                                                                  3,019,101          2,848,429

Provision for taxes                                                                                  1,147,259          1,110,885
----------------------------------------------------------------------------------------------------------------------------------

Net income                                                                                          $1,871,842         $1,737,544
==================================================================================================================================

Earnings per share, basic (1)                                                                      $       .28        $       .25

Earnings per share, diluted (2)                                                                    $       .28        $       .25

Cash dividend per share - declared (3)                                                             $       .32        $       .30

Cash dividend per share - paid (3)                                                                 $       .32        $       .30
==================================================================================================================================
</TABLE>

(1)  Basic  earnings  per share are based upon the  weighted  average  number of
     common shares  outstanding  of 6,745,804 on April 30, 1999 and 7,009,023 on
     April 30, 1998.

(2)  Diluted  earnings per share are based upon the weighted  average  number of
     common shares  outstanding  of 6,779,524 on April 30, 1999 and 7,071,478 on
     April 30, 1998.

(3)  On February 22, 1999,  the Company  declared a $.32 per share cash dividend
     payable on April 23, 1999 to  shareholders  of record on April 9, 1999.  On
     February 23, 1998,  the Company  declared a cash dividend of $.30 per share
     payable on April 24, 1998 to shareholders of record on April 10, 1998.


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                                                       1,871,842
  Foreign currency translation                                                        (150,987)

     Total comprehensive income                                                                                           1,720,855

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

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

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

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



                                                                                    Accumulated
                                                   Additional                          Other
                                      Common        Paid-in       Retained         Comprehensive           Treasury
                                      Stock         Capital       Earnings         Income/(Loss)             Stock         Total
------------------------------------------------------------------------------------------------------------------------------------
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
   treasury stock                                                                                           (694,456)      (694,456)
------------------------------------------------------------------------------------------------------------------------------------
Balances, April 30, 1998            $713,862     $7,509,362      $37,304,847         ($178,282)          ($2,164,388)   $43,185,401
====================================================================================================================================
</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,
                                                                                  1999                         1998
------------------------------------------------------------------------------------------------------------------------
                                   INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

<S>                                                                             <C>                          <C>

Net cash provided by operating activities                                       $3,511,643                   $2,231,312
------------------------------------------------------------------------------------------------------------------------

Cash flows from investing activities
    Proceeds from sale of property and equipment                                     8,000                           --
    Acquisitions of property and equipment                                        (252,237)                    (321,994)
    Acquisitions of other intangibles                                               (7,281)                    (404,998)
------------------------------------------------------------------------------------------------------------------------
      Net cash (used in) investing activities                                     (251,518)                    (726,992)
------------------------------------------------------------------------------------------------------------------------

Cash flows from financing activities
    Reduction of debt                                                             (549,234)                    (547,266)
    Exercise of stock options                                                       15,000                      361,320
    Payment of dividends                                                        (1,726,750)                  (2,100,569)
    Purchase of treasury shares                                                 (1,475,887)                    (694,456)
------------------------------------------------------------------------------------------------------------------------
      Net cash (used in) financing activities                                   (3,736,871)                  (2,980,971)
------------------------------------------------------------------------------------------------------------------------

Effect of exchange rate changes on cash                                            (17,448)                       3,836
------------------------------------------------------------------------------------------------------------------------

Net (decrease) in cash and cash equivalents                                       (494,194)                  (1,472,815)

Cash and cash equivalents at February 1                                          7,446,369                   11,253,380
------------------------------------------------------------------------------------------------------------------------
Cash and cash equivalents at April 30                                           $6,952,175                   $9,780,565
========================================================================================================================





                                          SUPPLEMENTAL CASH FLOW INFORMATION


Cash paid during the period for:

   Interest                                                                       $219,401                      $83,748
   Income taxes                                                                   $190,396                     $422,640
========================================================================================================================
</TABLE>













See accompanying notes to condensed consolidated financial statements.




                                                        -5-
<PAGE>

                               MET-PRO CORPORATION

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS




NOTE 1 - PRINCIPLES OF CONSOLIDATION

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


NOTE 2 - BASIS OF PRESENTATION

In the opinion of management,  the accompanying  unaudited  condensed  financial
statements  contain all  adjustments  necessary to present  fairly the financial
position  as of April  30,  1999  and the  results  of  operations,  changes  in
stockholders'  equity and cash flows for the three-month periods ended April 30,
1999 and 1998. The results of operations for the three-month  period ended April
30, 1999 are not  necessarily  indicative  of the results to be expected for the
full year. These condensed  consolidated  financial statements should be read in
conjunction with the audited consolidated financial statements and notes thereto
contained in the Company's Annual Report on Form 10-K for the year ended January
31, 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 three months ended April 30, 1999
includes the operations of Flex-Kleen.

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  three-month
period ended April 30, 1998 would have been as follows,  if the acquisition had
been made as of February 1, 1998:




    Net sales                               $19,210,888
    Income before taxes on income             3,051,250
    Net Income                                1,861,265

    Earnings per share, basic                      $.27
    Earnings per share, diluted                    $.26












                                                        -6-

<PAGE>

                               MET-PRO CORPORATION

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS



NOTE 4 - INVENTORIES

Inventories consisted of the following:

                                               April 30,             January 31,
                                                  1999                  1999
                                              -----------            -----------

    Raw material                               $7,168,174             $7,246,379
    Work in progress                            2,409,068              2,435,351
    Finished goods                              5,234,333              5,291,439
                                              -----------            -----------
                                              $14,811,575            $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.


                                                    Three Months Ended April 30,
                                                        1999             1998
                                                    ----------------------------
Net sales
    Pollution control systems and allied equipment   $14,266,646      $8,160,536
    Fluid handling equipment                           6,561,382       6,780,352
                                                     -----------     -----------
                                                     $20,828,028     $14,940,888
                                                     ===========     ===========
Income from operations
    Pollution control systems and allied equipment    $1,999,725      $1,532,873
    Fluid handling equipment                             884,310       1,125,159
                                                      ----------      ----------
                                                      $2,884,035      $2,658,032
                                                      ==========      ==========
Identifiable assets
    Pollution control systems and allied equipment   $44,913,862     $24,861,889
    Fluid handling equipment                          19,553,875      20,856,730
                                                     -----------     -----------
                                                      64,467,737      45,718,619
    Corporate                                          7,672,833      11,448,901
                                                     -----------     -----------
                                                     $72,140,570     $57,167,520
                                                     ===========     ===========



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 up to 50% of the employee
contribution up to 4% of compensation in the form of Met-Pro common stock.






                                       -7-

<PAGE>

                               MET-PRO CORPORATION

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS



NOTE 7 - RECENT ACCOUNTING PRONOUNCEMENTS

In June 1998,  the  Financial  Accounting  Standards  Board issued  Statement of
Financial Accounting  Standards No. 133, "Accounting for Derivative  Instruments
and Hedging  Activities".  This  pronouncement  is effective for the fiscal year
ending January 31, 2000. The adoption of this  pronouncement will have no impact
on Met-Pro's  consolidated  results of  operations,  financial  position or cash
flows.



NOTE 8 - ACCOUNTANTS' 10-Q REVIEW

Margolis & Company P.C., the Company's 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 April 30, 1999 and
the related  condensed  consolidated  statements  of  operations,  stockholders'
equity and cash flows for the three-month periods ended April 30, 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
May 14, 1999


















                                       -9-

<PAGE>

                               MET-PRO CORPORATION


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


Results of Operations:

Three Months Ended April 30, 1999 vs Three Months Ended April 30, 1998

Net sales for the  three-month  period  ended  April 30,  1999 were  $20,828,028
compared to  $14,940,888  for the  three-month  period ended April 30, 1998,  an
increase of $5,887,140  or 39.4%.  Sales in the  Pollution  Control  Systems and
Allied  Equipment  segment were $14,266,646 or 74.8% higher than the three-month
period ended April 30, 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 fume and odor control
equipment. Sales in the Fluid Handling Equipment segment were $6,561,382 or 3.2%
lower compared to the  three-month  period ended April 30, 1998 due primarily to
decreased demand for our specialty pump equipment.

Backlog at April 30, 1999 totaled  $11,004,683 or 93% higher than the backlog of
orders on hand at April 30,  1998.  In addition,  the Company had an  additional
$4,630,878  of orders which are not included in our backlog due to the Company's
long-standing  policy of not including these orders in backlog until engineering
drawings are approved.

Net  income for the  three-month  period  ended  April 30,  1999 was  $1,871,842
compared to  $1,737,544  for the  three-month  period ended April 30,  1998,  an
increase  of  $134,298  or 7.7%.  The  increase  in net income is related to the
higher sales volume and  continuing  cost  controls for the  three-month  period
ended April 30, 1999.

The gross  margin for the  three-month  period  ended  April 30,  1999 was 34.1%
versus  38.2% 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 $470,630 during the three-month period ended April 30,
1999 compared to the same period last year.  Selling  expense as a percentage of
net sales was 9.0% for the  three-month  period  ended April 30,  1999, a slight
decrease compared to the three-month period ended April 30, 1998.

General and  administrative  expense was $2,339,591 for the  three-month  period
ended April 30, 1999  compared to  $1,637,410  for the same period last year, an
increase of $702,181. The increase was due mainly to amortization, interest, and
other  administrative  expenses  connected  with the  inclusion  of  Flex-Kleen.
General and  administrative  expense as a percentage  of net sales  increased to
11.2% for the  three-month  period  ended April 30, 1999 from 11.0% for the same
period last year.

Other income,  net, decreased $55,331 for the three-month period ended April 30,
1999  compared  to the  three-month  period  ended April 30,  1998,  due to less
interest earned on lower cash balances.

The effective tax rate for the  three-month  period ended April 30, 1999 was 38%
compared to 39% for the three-month period ended April 30, 1998.













                                      -10-

<PAGE>
                               MET-PRO CORPORATION


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


Liquidity:

The  Company's  cash and cash  equivalents  were  $6,952,175  on April 30,  1999
compared  to  $7,446,369  on January 31,  1999,  a decrease  of  $494,194.  This
decrease is the net result of the payment of the annual cash dividend  amounting
to $1,726,750 (net of $431,329 of dividends  untilized for stock purchased under
the Dividend  Reinvestment Plan), payments on long-term debt totalling $549,234,
purchase  of  treasury  stock  amounting  to  $1,475,887,  acquisition  of other
intangibles  amounting  to $7,281  and  investment  in  property  and  equipment
amounting  to  $252,237,  offset by positive  cash flow  provided  by  operating
activities of $3,511,643,  proceeds  received from the exercise of stock options
of  $15,000,  and  proceeds  received  from the sale of property  and  equipment
amounting to $8,000.  The Company's  cash flows from  operating  activities  are
influenced by the timing of shipments and  negotiated  standard  payment  terms,
including retention associated with major projects.

Accounts  receivable (net) amounted to $14,615,426 on April 30, 1999 compared to
$14,492,082 on January 31, 1999, which  represents an increase of $123,344.  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  $14,811,575  on April 30,  1999  compared to  $14,973,169  on
January 31, 1999, a decrease of $161,594. Inventory balances fluctuate depending
upon  market  demand,  the size and  timing of orders  and  varying  lead  times
required.

Current  liabilities  amounted  to  $15,593,466  on April 30,  1999  compared to
$14,387,868  on January 31, 1999, an increase of $1,205,598.  Accrued  expenses,
offset by the  reduction  in the  current  portion of  long-term  debt and other
current liabilities, accounted for the increase.

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


Capital Resources and Requirements:

Cash flows provided by operating  activities during the three-month period ended
April  30,  1999  amounted  to  $3,511,643   compared  with  $2,231,312  in  the
three-month period ended April 30, 1998, an increase of $1,280,331.

Cash flows used in  investing  activities  during the  three-month  period ended
April 30, 1999 amounted to $251,518  compared with $726,992 for the  three-month
period ended April 30, 1998.  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, 1999 utilized
$3,736,871 of available  resources  compared to $2,980,971  for the  three-month
period ended April 30, 1998.  The 1999  activity is the result of the payment of
the annual cash dividend  amounting to $1,726,750  (net of $431,329 of dividends
utilized for stock purchased under the Dividend Reinvestment Plan), reduction of
long-term debt totalling $549,234, plus the purchase of treasury stock totalling
$1,475,887,  offset  by  proceeds  provided  by the  exercise  of stock  options
totalling $15,000.




                                                       -11-

<PAGE>

                               MET-PRO CORPORATION


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


On June 3, 1998,  the Company  announced the initiation of a 350,000 share stock
repurchase program. For the three-month period ended April 30, 1999, the Company
had repurchased  134,600 shares under this stock repurchase program. As of April
30,  1999,  the  Company  had  37,600  shares  remaining  under  the 1998  stock
repurchase program.

On October  29,  1998,  the  Company  acquired  all of the  operating  assets of
Flex-Kleen  Corporation and Flex-Kleen  Canada Limited from Aqua Alliance,  Inc.
Flex-Kleen  is a  manufacturer  of dry  particulate  collectors  that  are  used
primarily in the process of manufacturing food products and pharmaceuticals. The
Company  paid   approximately   $15,000,000  in  the  transaction   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.,  exclusive  of assumed
liabilities.

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 April 23, 1999 in cash and 44,218 of newly issued shares purchased
by stockholders  through our dividend  reinvestment program represented 30.1% of
the prior fiscal year earnings.

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  repurchaed  under the 1998 stock
repurchase program. The new program was initiated, because in management's view,
the current stock price does not reflect the true stock value. Purchases 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.

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 completed  implementation
and  testing of its  business  and  operating  systems  at all of the  Company's
facilities.

In order to identify potential Year 2000 problems at key suppliers,  the Company
has initiated external surveys to assess their level of compliance.  The Company
expects  to  complete  its  assessment  of  outside   parties  and  develop  the
appropriate actions to be taken by the end of May 1999.

The  Company  is also in the  process  of  reviewing  embedded  software  in its
equipment  and  facilities  to identify  potential  Year 2000 issues.  Equipment
manufacturers  are being  requested to certify their  compliance  and assist the
Company in  developing  solutions  where they are currently  non-compliant.  The
Company expects to complete the assessment and testing process by August 1999.


                                      -12-

<PAGE>

                               MET-PRO CORPORATION


Item 2.  Management's Discussion and Analysis of the 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  "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.

















                                      -13-

<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, 1999.








                                   SIGNATURES


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.





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



May 25, 1999                         /s/  William L. Kacin
                                     -------------------------------------------
                                     William L. Kacin,
                                     President,
                                     Chief Executive Officer and Director



May 25, 1999                         /s/  Gary J. Morgan
                                     -------------------------------------------
                                     Gary J. Morgan,
                                     Vice President of Finance,
                                     Secretary and Treasurer, Chief
                                     Financial Officer, Chief Accounting Officer
                                     and Director









                                      -14-