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Met-Pro
Corporation Five Year Financial Summary
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Years Ended January 31, |
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2008 |
2007 |
2006 |
2005 |
2004 |
| Selected
Operating Statement Data |
| Net
Sales (a) |
$106,867,849 |
$93,505,504 |
$87,687,053 |
$74,431,932 |
$78,213,995 |
| Income
from operations |
17,597,491 |
9,757,075 |
9,662,604 |
7,384,115 |
9,850,090 |
| Net
income |
11,906,165 |
6,926,804 |
7,313,284 |
4,814,679 |
6,346,579 |
| Earnings
per share, basic (b) |
.79 |
.46 |
.49 |
.32 |
.43 |
| Earnings
per share, diluted (b) |
.78 |
.46 |
.48 |
.32 |
.43 |
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Selected
Balance Sheet Data |
| Current
assets |
$68,095,140 |
$58,803,353 |
$53,413,413 |
$50,034,033 |
$47,569,003 |
| Current
liabilities |
16,850,801 |
14,364,393 |
14,361,953 |
12,916,500 |
11,429,817 |
| Working
capital |
51,244,339 |
44,438,960 |
39,051,460 |
37,117,533 |
36,139,186 |
| Current
ratio |
4.0 |
4.1 |
3.7 |
3.9 |
4.2 |
| Total
assets |
109,410,903 |
96,741,657 |
89,071,391 |
82,687,604 |
80,531,131 |
| Long-term
obligations |
4,075,682 |
5,417,990 |
2,723,586 |
4,039,068 |
5,447,869 |
| Total
shareholders' equity |
83,243,168 |
72,313,132 |
67,538,238 |
63,165,191 |
60,270,734 |
| Total
capitalization |
87,318,850 |
77,731,122 |
70,261,824 |
67,204,259 |
65,718,603 |
| Return
on average total assets, % |
11.6 |
7.5 |
8.5 |
5.9 |
8.2 |
| Return
on average shareholders' equity, % |
15.3 |
9.9 |
11.2 |
7.8 |
10.9 |
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| Other
Financial Data |
| Net
cash flows from operating activities |
$9,875,144 |
$3,900,152 |
$4,441,414 |
$8,545,521 |
$8,232,851 |
| Capital
expenditures |
5,456,418 |
4,398,910 |
4,151,253 |
1,193,767 |
952,812 |
| Shareholders'
equity per share (b) |
5.56 |
4.84 |
4.53 |
4.25 |
4.09 |
| Cash
dividends paid per share (b) |
.207 |
.191 |
.178 |
.166 |
.155 |
| Average
common shares, basic (b) |
15,002,012 |
14,943,174 |
14,918,209 |
14,861,124 |
14,751,409 |
| Average
common shares, diluted (b) |
15,328,368 |
15,205,012 |
15,111,483 |
15,045,342 |
14,930,233 |
Common shares
outstanding (b) |
15,039,030 |
14,953,658 |
14,929,480 |
14,876,518 |
14,796,937 |
| (a) |
The Company reclassified the freight out, and representative and distributor commissions from a deduction in gross sales to the cost of goods sold and selling expense categories, respectively, for the fiscal years ended January 31, 2008, 2007, 2006, 2005 and 2004. For the fiscal years ended January 31, 2008, 2007, 2006, 2005 and 2004, the freight out was $1,216,522, $982,729, $722,438, $489,532 and $449,844, respectively, and the representative and distributor commissions were $2,762,909, $1,930,291, $1,848,515, $1,826,111 and $2,705,222, respectively. |
| (b) |
All references to per share amounts, average common shares and shares outstanding have been restated to reflect the effect of the four-for-three stock split effective November 14, 2007. |
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Met-Pro
Corporation Quarterly Data (unaudited)
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Quarter
Ended
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April |
July |
October |
January |
| Year
ended January 31, 2008 |
| Net
Sales |
$21,373,563 |
$26,102,277 |
$30,140,427 |
$29,251,582 |
| Gross Profit |
7,158,505 |
8,935,050 |
10,169,258 |
10,109,555 |
| Net
income |
3,721,751 |
1,927,268 |
3,066,852 |
3,190,294 |
| Earnings
per share, basic |
.25 |
.13 |
.20 |
.21 |
| Earnings
per share, diluted |
.24 |
.13 |
.20 |
.21 |
| Price
range of common shares: |
| High |
12.01 |
12.21 |
13.52 |
12.82 |
| Low |
10.69 |
11.18 |
10.40 |
10.20 |
| Cash Dividend Paid |
.0506 |
.0506 |
.0506 |
.0550 |
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April |
July |
October |
January |
| Year ended January 31, 2007 |
| Net Sales |
$20,320,308 |
$24,609,500 |
$25,873,604 |
$22,702,092 |
| Gross Profit |
6,205,975 |
7,229,392 |
8,779,829 |
7,830,312 |
| Net income |
1,207,448 |
1,808,685 |
2,066,466 |
1,844,205 |
| Earnings per share, basic |
.08 |
.12 |
.14 |
.12 |
| Earnings per share, diluted |
.08 |
.12 |
.14 |
.12 |
| Price range of common shares: |
| High |
$11.54 |
$12.19 |
$10.28 |
$11.54 |
| Low |
9.50 |
9.08 |
9.22 |
9.92 |
| Cash Dividend Paid |
.0469 |
.0469 |
.0469 |
.0506 |
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Adjusted for four-for-three stock split.
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