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Met-Pro Corporation Five Year Financial Summary |
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Years Ended January 31, |
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2010 |
2009 |
2008 |
2007 |
2006 |
Selected Operating Statement Data |
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| Net sales |
$80,132,493 |
$103,391,926 |
$106,867,849 |
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$93,505,504 |
$87,687,053 |
| Income from operations |
6,512,555 |
14,057,079 |
17,597,491 |
(1) |
9,757,075 |
9,662,604 |
| Net income |
4,439,811 |
9,861,065 |
11,906,165 |
(2) |
6,926,804 |
7,313,284 |
| Earnings per share, basic |
.30 |
.66 |
.79 |
(3) |
.46 |
.49 |
| Earnings per share, diluted |
.30 |
.65 |
.78
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(4) |
.46 |
.48 |
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Selected Balance Sheet Data |
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| Current assets |
$63,245,243 |
$64,161,732 |
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$58,803,353 |
$53,413,413 |
| Current liabilities |
10,198,047 |
12,239,667 |
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14,364,393 |
14,361,953 |
| Working capital |
53,047,196 |
51,922,065 |
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44,438,960 |
39,051,460 |
| Current ratio |
6.2 |
5.2 |
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4.1 |
3.7 |
| Total assets |
104,608,359 |
104,752,304 |
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96,741,657 |
89,071,391 |
| Long-term obligations |
3,536,755 |
3,753,228 |
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5,417,990 |
2,723,586 |
| Total shareholders' equity |
80,977,584 |
78,777,481 |
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72,313,132 |
67,538,238 |
| Total capitalization |
84,514,339 |
82,530,709 |
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77,731,122 |
70,261,824 |
| Return on average total assets, % |
4.2 |
9.2 |
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7.5 |
8.5 |
| Return on average shareholders' equity, % |
5.6 |
12.2 |
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9.9 |
11.2 |
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Other Financial data |
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Net cash flows from operating activities |
$15,645,713 |
$12,142,087 |
$9,875,144 |
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$3,900,152 |
$4,441,414 |
Capital expenditures |
2,133,807 |
1,580,528 |
5,456,418 |
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4,398,910 |
4,151,253 |
Dollar value of share repurchases |
251,612 |
7,694,333 |
630,515 |
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140,135 |
Shareholders' equity per share |
5.54 |
5.40 |
5.56 |
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4.84 |
4.53 |
Cash dividends paid per share |
.240 |
.230 |
.207 |
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.191 |
.178 |
Average common shares, basic |
14,602,276 |
14,909,809 |
15,002,012 |
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14,943,174 |
14,918,209 |
Average common shares, diluted |
14,675,735 |
15,219,540 |
15,328,368 |
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15,205,012 |
15,111,483 |
Common shares outstanding |
14,617,015 |
14,600,109 |
15,039,030 |
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14,953,658 |
14,929,480 |
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| (1) |
Includes $3,513,940 from the sale of a building owned by the Company in Hauppauge, New York. |
| (2) |
Includes $2,213,782 (net of tax) from the sale of a building owned by the Company in Hauppauge, New York. |
| (3) |
Includes $0.14 per share from the sale of a building owned by the Company in Hauppauge, New York. |
| (4) |
Includes $0.15 per share from the sale of a building owned by the Company in Hauppauge, New York. |
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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, 2010 |
| Net sales |
$19,641,008 |
$20,885,583 |
$19,807,781 |
$19,798,121 |
| Gross profit |
7,012,968 |
7,105,953 |
6,676,537 |
6,581,094 |
| Net income |
952,449 |
1,182,868 |
1,024,830 |
1,279,664 |
| Earnings per share, basic |
.07 |
.08 |
.07 |
.09 |
| Earnings per share, diluted |
.07 |
.08 |
.07 |
.09 |
| Price range of common shares: |
| High |
$12.76 |
$11.25 |
$10.94 |
$10.84 |
| Low |
6.05 |
8.50 |
9.15 |
9.03 |
| Cash Dividend Paid |
.0600 |
.0600 |
.0600 |
.0600 |
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April |
July |
October |
January |
| Year ended January 31, 2009 |
| Net sales |
$22,656,474 |
$28,145,718 |
$27,979,483 |
$24,610,251 |
| Gross profit |
7,592,224 |
9,633,048 |
10,245,087 |
8,630,637 |
| Net income |
1,925,645 |
2,702,961 |
3,011,366 |
2,221,093 |
| Earnings per share, basic |
.13 |
.18 |
.20 |
.15 |
| Earnings per share, diluted |
.13 |
.18 |
.20 |
.15 |
| Price range of common shares: |
| High |
$11.76 |
$15.38 |
$16.65 |
$13.50 |
| Low |
9.83 |
11.67 |
9.10 |
8.93 |
| Cash dividend paid |
.0550 |
.0550 |
.0550 |
.0600 |
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