BUSINESS SEGMENT DATA

6 Months Ended

Jul. 31, 2011

Notes to Financial Statements [Abstract]

NOTE 12 - BUSINESS SEGMENT DATA

The segment discussion outlined below represents the adjusted segment structure as determined by management in accordance with FASB ASC Topic 280, "Segment Reporting".

As reported in the Company's Annual Report on Form 10-K as of January 31, 2011, the Company has five operating segments which are aggregated into three reportable segments: Product Recovery/Pollution Control Technologies, Fluid Handling Technologies and Mefiag Filtration Technologies, and one other segment (Filtration/Purification Technologies). The Filtration/Purification Technologies segment is comprised of two operating segments that do not meet the criteria for aggregation outlined in ASC Topic 280-10-50-12. The Company's analysis is that ASC Topic 280-10-50-12 permits the aggregation of operating segments if, individually, each operating segment does not meet any of the following quantitative thresholds: (i) reported revenue is 10% or more of combined revenue of all reported operating segments, (ii) the absolute amount of reported profit or loss is 10% or more of the greater, in absolute amounts, of either the combined reported profit of all operating segments that did not report a loss or the combined reported loss of all operating segments that did report a loss, and (iii) its assets are 10% or more of the combined assets of all operating segments. As of the fiscal quarter ended July 31, 2011, none of the operating segments included in the Filtration/Purification Technologies segment met these criteria, and at least 75% of total consolidated revenue was included in the Product Recovery/Pollution Control Technologies, Fluid Handling Technologies and Mefiag Filtration Technologies reporting segments; therefore, the Company determined the aggregation of these operating segments into this other segment was appropriate under ASC Topic 280-10-50-12.

The Company expects, based upon the current financial performance of its business units, the segmentation reporting will continue to be presented in future periods using the three reportable segments and the one other segment.

The following is a description of each segment:

Product Recovery/Pollution Control Technologies: This reportable segment consists of one operating segment that manufactures products for the purification of air or liquids. Many of these products are custom designed and engineered to solve a customer's product recovery or pollution control issues. The products are sold worldwide through Company sales personnel and a network of manufacturer's representatives. This reporting segment is comprised of the Met-Pro Environmental Air Solutions (the combination of the Duall, Systems, Flex-Kleen, Bio-Reaction Industries and Met-Pro Industrial Services product brands), Met-Pro Product Recovery/Pollution Control Technologies Inc., and Strobic Air Corporation business units.

Fluid Handling Technologies: This reportable segment consists of one operating segment that manufactures high quality centrifugal pumps that are suitable for difficult applications including the pumping of acids, brines, caustics, bleaches, seawater, high temperature liquids and a wide variety of waste liquids. A variety of pump configurations make these products adaptable to almost any pumping application. These products are sold worldwide through an extensive network of distributors. This reporting segment is comprised of the Met-Pro Global Pump Solutions (the combination of the Dean Pump, Fybroc and Sethco product brands) business unit.

Mefiag Filtration Technologies: This reportable segment consists of one operating segment that produces filter systems using horizontal disc technology for tough, corrosive applications in the plating, metal finishing and printing industries. These products are sold worldwide through Company sales personnel and a network of distributors. This reporting segment is comprised of the Mefiag, Mefiag B.V. and Mefiag (Guangzhou) Filter Systems Ltd. business units.

Filtration/Purification Technologies: This other segment consists of two operating segments that produce the following products: cartridges and filter housings; and filtration products for difficult industrial air and liquid applications; proprietary chemicals for the treatment of municipal drinking water systems and boiler and cooling tower systems. This other segment is comprised of the Keystone Filter and Pristine Water Solutions Inc. operating segments.

The accounting policies of the reporting segments are the same as those described in the summary of significant accounting policies. The Company evaluates the performance of these segments based on many factors including sales, sales trends, margins and operating performance.

No significant intercompany revenue is realized in these reporting segments. 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.

The financial segmentation information, adjusted as a result of the ASC Topic 280 aggregation criteria, is shown below:

	Six Months Ended			Three Months Ended
	July 31,			July 31,
	2011		2010	2011		2010
Net sales
Product Recovery/Pollution Control Technologies	$17,957,870		$20,720,407	$9,625,898		$9,707,182
Fluid Handling Technologies	16,960,255		13,039,530	7,407,151		6,508,959
Mefiag Filtration Technologies	6,344,301		4,942,719	3,204,384		2,508,470
Filtration/Purification Technologies	5,256,820		5,011,307	2,851,910		2,712,275
	$46,519,246		$43,713,963	$23,089,343		$21,436,886

Income (loss) from operations
Product Recovery/Pollution Control Technologies	($529,328	)	$1,158,397	($49,043	)	$642,236
Fluid Handling Technologies	4,142,399		2,603,264	1,901,703		1,314,468
Mefiag Filtration Technologies	390,550		369,965	169,078		163,446
Filtration/Purification Technologies	301,848		278,444	200,755		186,880
	$4,305,469		$4,410,070	$2,222,493		$2,307,030


	July 31,		January 31,
	2011		2011
Identifiable assets
Product Recovery/Pollution Control Technologies	$33,815,944		$34,003,251
Fluid Handling Technologies	19,300,127		18,114,257
Mefiag Filtration Technologies	14,943,245		12,814,143
Filtration/Purification Technologies	8,403,782		8,369,385
	76,463,098		73,301,036
Corporate	32,663,387		34,745,292
	$109,126,485		$108,046,328