![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_11.jpg)
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_12.jpg)
This presentation includes forward-looking statements which
reflect the Company’s current views with respect to future
events and financial performance, but involve uncertainties
that could significantly impact results. The Private Securities
Litigation Reform Act of 1995 provides a “safe harbor” for
such forward-looking statements.
reflect the Company’s current views with respect to future
events and financial performance, but involve uncertainties
that could significantly impact results. The Private Securities
Litigation Reform Act of 1995 provides a “safe harbor” for
such forward-looking statements.
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_13.jpg)
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_14.jpg)
Financial Highlights
For FYE 1/31
(1) Excludes $2.2 million (net of tax) from the sale of real estate in FYE 2008
(2) Excludes $0.15 per share from the sale of real estate in FYE 2008
2008
2009
83.2
78.8
Total Shareholders’ Equity
6.1
4.5
Total Debt
.63
.65
Earnings Per Share, Diluted
9.7
9.9
Net Income
$106.9
$103.4
Net Sales
(1)
(2)
.21
.23
Cash Dividend Paid Per Share
0.6
7.7
Share Repurchases
Millions ($)
9.9
12.1
Cash Flow from Operating Activities
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_15.jpg)
Net Sales
For FYE 1/31
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_16.jpg)
Operating Margins
(a) Excludes 3.3% from the sale of real estate in FYE 2008
13.2%
(a)
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_17.jpg)
Diluted EPS
(a) Excludes $0.15 per share from the sale of real estate in FYE 2008
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_18.jpg)
Cash Flow from Operating Activities
$4.4
$3.9
$9.9
$12.1
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_19.jpg)
First Quarter - FYE 2010
Ended 4/30
(a) Includes pension, healthcare and stock option expenses in the first quarter ended April 30,
2009 and proceeds received from a legal settlement in the first quarter ended April 30, 2008.
On an aggregate basis, these various items amount to $0.04 per share.
2009 and proceeds received from a legal settlement in the first quarter ended April 30, 2008.
On an aggregate basis, these various items amount to $0.04 per share.
2008
2009
$0.07
Diluted EPS
$ 1.9
$ 1.0
Net Income
$22.7
$19.6
Net Sales
$0.13
(a)
Millions ($)
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_110.jpg)
Strong Financial Condition
$1.81
per share
per share
Total Debt
Total Assets
Shareholders Equity
Cash
4.9
104.4
79.2
26.4
Millions ($)
4/30/09
$
$
$
$
Debt to Equity
Ratio = 6.2%
Ratio = 6.2%
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_111.jpg)
34 Straight Years of Dividends
• First quarter dividend of $0.06 per share paid on March 12, 2009
• A 9.1% increase over the prior year first quarter dividend
• Dividends have been increased for 7 consecutive years
For FYE 1/31
$.178
$.191
$.207
$.230
$.060
projected
Current Yield = 2.8%
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_112.jpg)
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_113.jpg)
Overview
• Over $100 million in sales for second consecutive year
• Record net income and fully diluted earnings per share
• Gross margins increased 90 basis points
• Operating margins increased 40 basis points
• Increased operating cash flows 23% to a record $12.1
million
million
• Strongest balance sheet in the Company’s history
(a)
(a) Excludes gain from the sale of real estate in FYE 2008
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_114.jpg)
Overview
• Implemented our first lean manufacturing program
• Improved our manufacturing flexibility
• Benefited from efficiency improvements and lower
costs realized through:
costs realized through:
– Facility/organization consolidations
– Global sourcing
– More effective logistics
• Increased global sales coverage
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_115.jpg)
New Products
Launched the
Smart System™
energy-saving
laboratory
exhaust system
Smart System™
energy-saving
laboratory
exhaust system
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_116.jpg)
New Products
Field tested an
advanced
control system
to reduce
scrubber
chemical
consumption
advanced
control system
to reduce
scrubber
chemical
consumption
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_117.jpg)
New Products
Upgraded our
BIO-PRO™
biological
scrubber
product line
BIO-PRO™
biological
scrubber
product line
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_118.jpg)
New Products
Developed a nano-
technology based
chemical cleaning
system for:
technology based
chemical cleaning
system for:
• Commercial printing
• Plating
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_119.jpg)
New Products
Completed the
development of
the world’s most
extensive line of
mag-drive “All-
FRP” pumps
development of
the world’s most
extensive line of
mag-drive “All-
FRP” pumps
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_120.jpg)
New Products
Supported the
development of
technology to
monitor water
system
corrosion
development of
technology to
monitor water
system
corrosion
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_121.jpg)
New Products
Became a
member of a
University/Industry
Cooperative
Research
Consortium
member of a
University/Industry
Cooperative
Research
Consortium
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_122.jpg)
Third Party Recognition
Met-Pro added to the
broad market Russell®
3000 Index
broad market Russell®
3000 Index
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_123.jpg)
Third Party Recognition
Met-Pro recognized
for third consecutive
year as one of
America’s “200 Best
Small Companies”
by Forbes magazine
for third consecutive
year as one of
America’s “200 Best
Small Companies”
by Forbes magazine
According to Forbes,
these companies “are
the strongest small
public outfits in a very
tough time”
these companies “are
the strongest small
public outfits in a very
tough time”
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_124.jpg)
Third Party Recognition
Met-Pro recognized for
second consecutive year as
one of America’s “Top Small
to Midsize Manufacturers”
by Start-It magazine
second consecutive year as
one of America’s “Top Small
to Midsize Manufacturers”
by Start-It magazine
According to Start-It,
this list highlights
“top small to midsize
manufacturers chosen by
revenue” in the industrial
machinery sector of
“discrete industries”
this list highlights
“top small to midsize
manufacturers chosen by
revenue” in the industrial
machinery sector of
“discrete industries”
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_125.jpg)
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_126.jpg)
Looking Ahead
• Maintain flexibility and resourcefulness to respond
accordingly to economic conditions
accordingly to economic conditions
• Prepare ourselves for the recovery
• Exercise sound financial management
– Continue to deploy cash on a basis consistent with
our strategy and long-term objectives
our strategy and long-term objectives
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_127.jpg)
Looking Ahead
• Utilize our strong balance sheet to support
investments to:
investments to:
– Further enhance our efficiency initiatives
– Develop/acquire exciting new products
– Pursue acquisition opportunities
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_128.jpg)
Looking Ahead
• Capitalize on global niche-oriented growth
opportunities through:
opportunities through:
– Strong customer focus
– Geographic expansion
– Increased penetration in existing niche-markets
– Global penetration in new niche-markets
– New product introductions
– Accretive acquisitions and/or technology licensing
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_129.jpg)
Looking Ahead
• Continue to expand operating margin through:
– Pricing power
– Single source solutions
– Global sourcing
– Volume discounts
– Consolidation
– Leveraged operating expenses
– Improved project execution
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_130.jpg)
Summary
Over the long-term, we are confident
that your Company is well positioned
to capitalize on the very powerful
trends toward global environmental
stewardship, energy efficiency,
and process improvement
that your Company is well positioned
to capitalize on the very powerful
trends toward global environmental
stewardship, energy efficiency,
and process improvement
![](https://capedge.com/proxy/8-K/0000065201-09-000027/ex99_131.jpg)