Met-Pro Corp. (MPR) Gets Substantial Product Order
Met-Pro Corporation announced today that it received an order for one of its regenerative thermal oxidation (RTO) systems. Industrial companies use this product to treat volatile organic compounds (VOCs) and other atmospheric pollutants. The order will provide $500,000 in revenues for Met-Pro (MPR). Met-Pro Corporation reported net income of $1.2 million, or $0.08 per share, in its second fiscal quarter. The company’s balance sheet is unlevered and ended the quarter with $29.2 million in cash, and debt of $3.8 million. Raymond J. De Hont, the CEO of Met-Pro Corporation said, “The second quarter again demonstrated the resiliency of our business…