SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 10-Q


                  QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934


                      For the quarter ended: June 30, 1999


                          Commission file number: 1-448


                                  MESTEK, INC.


                            Pennsylvania Corporation


                       I.R.S. Employer Identification No.
                                   25-0661650


                              260 North Elm Street
                         Westfield, Massachusetts 01085


                            Telephone: (413) 568-9571




The Registrant has filed all reports required to be filed by Section 13 or 15(d)
of the  Securities  Exchange Act of 1934 during the  preceding 12 months and has
been subject to such filing requirements for the past 90 days.



The  number of  shares of Common  Stock  outstanding  as of July 27,  1999,  was
8,873,105.


<PAGE>



                                  MESTEK, INC.

                          QUARTERLY REPORT ON FORM 10-Q
                    FOR THE THREE MONTHS ENDED JUNE 30, 1999


                                      INDEX

PART I - FINANCIAL INFORMATION                                          Page No.
                                                                        --------

Condensed consolidated balance sheets at June 30, 1999
 and December 31, 1998                                                     3 - 4

Condensed consolidated  statements  of income for the three months
ended June 30, 1999 and 1998 and
the six months ended June 30, 1999 and 1998                                    5

Condensed consolidated statements of cash flows for the six
months ended June 30, 1999 and 1998                                            6

Condensed consolidated statement of changes in shareholders' equity
for the period from January 1, 1998 through June 30, 1999                      7

Notes to the condensed consolidated financial statements                    8-12

Management's Discussion and Analysis of Financial Condition
and Results of Operations                                                     13


PART II - OTHER INFORMATION

Item 6 - Exhibits and Reports on Form 8-K                                     14

Item 7 - Submission of Matters to a Vote of Security Holders                  14

Statement of Computation of Per share Earnings                                15


SIGNATURE                                                                     15

In the opinion of management,  the  information  contained  herein  reflects all
adjustments  necessary to make the results of operations for the interim periods
a fair  statement  of such  operations.  All  such  adjustments  are of a normal
recurring nature.

                                        2

<PAGE>



                         PART I - FINANCIAL INFORMATION


Item 1 - Financial Statements


                                  MESTEK, INC.
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                                   (Unaudited)



                                                       June 30,         Dec. 31,
                                                         1999            1998
                                                       ---------       ---------
                                                        (Dollars in thousands)
ASSETS
Current Assets
                                                       $  1,384        $  3,777
     Accounts Receivable - less allowances of,
         $4,122 and $3,443 respectively                  57,657          55,443
     Unbilled Accounts Receivable                           271             286
     Inventories                                         57,116          52,980
     Other Current Assets                                 6,287           5,103
                                                       ---------       ---------

         Total Current Assets                           122,715         117,589

Property and Equipment - net                             69,088          55,841
Other Assets and Deferred Charges - net                   7,401           7,148
Excess of Cost over Net Assets of Acquired Companies     30,822          24,565
                                                       ---------       ---------

         Total Assets                                  $230,026        $205,143
                                                       =========       =========





See the Notes to Condensed Consolidated Financial Statements.


                             Continued on next page






                                        3

<PAGE>



                                  MESTEK, INC.
                CONDENSED CONSOLIDATED BALANCE SHEETS (continued)
                                   (Unaudited)



                                                     June 30,          Dec. 31,
                                                       1999             1998
                                                    ---------         ---------
                                                        (Dollars in thousands)

LIABILITIES, AND SHAREHOLDERS' EQUITY
Current Liabilities
  Current Portion of Long-Term Debt                   $ 39,844         $ 12,750
  Accounts Payable                                      13,113           20,126
  Accrued Compensation                                   3,969            6,187
  Accrued Commissions                                    3,472            3,985
  Progress Billings in Excess
     of Cost and Estimated Earnings                      3,188            3,150
  Customer Deposits                                      4,549            5,746
  Other Accrued Liabilities                             18,139           16,230
                                                      ---------        ---------

    Total Current Liabilities                           86,274           68,174

Long-Term Debt                                             394              438
Other Liabilities                                          323              370
                                                      ---------        ---------

    Total Liabilities                                   86,991           68,982
                                                      ---------        ---------

Minority Interests                                       2,939            2,863
                                                      ---------        ---------

Shareholders' Equity
  Common Stock - no par, stated value $0.05 per share,
    9,610,135 shares issued                                479              479
  Paid in Capital                                       15,434           15,434
  Retained Earnings                                    132,387          125,263
  Treasury Shares, at cost, (737,030 and 719,830
    common shares, respectively)                        (7,129)          (6,790)
  Cumulative Translation Adjustment                     (1,075)          (1,088)
                                                      ---------        ---------
    Total Shareholders' Equity                         140,096          133,298
                                                      ---------        ---------

Total Liabilities, and Shareholders' Equity           $230,026         $205,143
                                                      =========        =========



See the Notes to Condensed Consolidated Financial Statements.



                                        4

<PAGE>



                                  MESTEK, INC.
                   CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                                   (Unaudited)


                                        Three Months Ended    Six Months Ended
                                             June 30,              June 30,
                                         1999       1998       1999       1998
                                        -------   --------   --------   --------
                                        (In thousands, except for share amounts)

Net Sales                              $84,508    $73,780   $162,070   $145,414
Net Service Revenues                     5,025      3,908      9,489      7,923
                                       --------   --------   --------   --------

     Total Revenues                     89,533     77,688    171,559    153,337

Cost of Goods Sold                      60,825     53,585    116,794    105,473
Cost of Service Revenues                 2,578      2,496      5,600      5,085
                                       --------   --------   --------   --------

     Gross Profit                       26,130     21,607     49,165     42,779

Selling Expense                         12,128     10,386     22,847     20,139
General and Administrative Expense       4,677      4,077      8,708      7,784
Engineering Expense                      2,982      2,197      5,134      4,185
                                       --------   --------   --------   --------
     Operating Profit                    6,343      4,947     12,476     10,671

Interest Expense                          (587)      (287)      (846)      (446)
Other Income (Expense) - net                28       (162)      (155)      (289)
                                       --------   --------   --------   --------

     Income Before Income Taxes          5,784      4,498     11,475      9,936

Income Taxes                             2,179      1,666      4,351      3,734
                                       --------   --------   --------   --------

Net Income                              $3,605     $2,832     $7,124     $6,202
                                       ========   ========   ========   ========

Basic Earnings Per Common Share           $.41       $.32       $.80       $.69
                                       ========   ========   ========   ========
Basic Weighted Average
 Shares Outstanding                      8,873      8,925      8,877      8,926
                                       ========   ========   ========   ========

Diluted Earnings Per Common Share         $.41       $.32       $.80       $.69
                                       ========   ========   ========   ========

Diluted Weighted Average
 Shares Outstanding                      8,900      8,956      8,904      8,953
                                       ========   ========   ========   ========

See the Notes to Condensed Consolidated Financial Statements.

Note: Year to date June 30, 1999 and June 30, 1998 earning per share figures
do not equal the sum of individual quarters due to rounding differences.

                                                       5

<PAGE>



                                  MESTEK, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
                                                           Six Months Ended
                                                                June 30,
                                                          1999            1998
                                                        ---------      ---------
                                                          (Dollars in thousands)

Cash Flows from Operating Activities:
  Net Income                                            $  7,124       $  6,202
Adjustments to Reconcile Net Income to Net Cash
  Provided by Operating Activities:
    Depreciation and Amortization                          4,971          3,903
    Provision for Losses on Accounts Receivable              416            301
    Change in Assets & Liabilities:
    Cash Flows Provided by (Used in) Changes In:
      Accounts Receivable                                  1,508          4,044
      Unbilled Accounts Receivable                            15             17
      Inventory                                             (418)        (6,744)
      Other Assets                                           280           (991)
      Accounts Payable                                    (8,031)        (3,087)
      Progress Billings                                       38           (409)
      Other Liabilities                                   (3,437)        (2,379)
                                                        ---------      ---------

Net Cash Provided by Operating Activities                  2,466            857
                                                        ---------      ---------
Cash Flows from Investing Activities:
  Capital Expenditures                                    (6,164)        (5,121)
  Acquisition of Businesses (net of cash acquired)       (25,495)       ( 3,096)
                                                        ---------      ---------
  Net Cash Used in Investing Activities                  (31,659)        (8,217)
                                                        ---------      ---------

Cash Flows from Financing Activities:
  Net Borrowings Under Line of Credit Agreements          27,092         24,898
  Principal Payments Under Long Term Debt Obligations        (42)       (15,040)
  Increase in Minority Interests                              76            141
  Repurchase of Common Stock                                (339)          (121)
  Cumulative Translation Adjustments                          13            (26)
                                                        ---------      ---------

Net Cash Provided by Financing Activities                 26,800          8,152
                                                        ---------      ---------

Net (Decrease) Increase in Cash and Cash Equivalents      (2,393)           792
Cash and Cash Equivalents - Beginning of Period            3,777          2,494
                                                        ---------      ---------

Cash and Cash Equivalents - End of Period                 $1,384         $3,286
                                                        =========      =========

See the Notes to Condensed Consolidated Financial Statements.


                                        6

<PAGE>

<TABLE>


                                  MESTEK, INC.
       CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
                                   (Unaudited)


              For the period January 1, 1998 through June 30, 1999


<CAPTION>

                                              Additional                         Cumulative
                                      Common    Paid In    Retained    Treasury  Translation
                                       Stock    Capital    Earnings     Shares    Adjustment    Total


<S>                                     <C>     <C>        <C>         <C>           <C>      <C>
Balance - January 1, 1998               $479    $15,434    $109,199    ($6,109)      ($996)   $118,007

Net Income                                                   16,064                             16,064
Common Stock Repurchased                                                  (681)                   (681)
Cumulative Translation Adjustment                                                      (92)        (92)
                                    ---------   --------   ---------   --------   ---------   ---------
Balance - December 31, 1998             $479    $15,434    $125,263    ($6,790)    ($1,088)   $133,298

Net Income                                                    7,124                              7,124
Common Stock Repurchased                                                  (339)                   (339)
Cumulative Translation Adjustment                                                       13          13
                                    ---------   --------   ---------   --------   ---------   ---------

Balance - June 30, 1999                 $479    $15,434    $132,387    ($7,129)    ($1,075)   $140,096
                                    =========   ========   =========   ========   =========   =========



See the Notes to Condensed Consolidated Financial Statements.

</TABLE>


                                        7

<PAGE>



                                  MESTEK, INC.

            NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)


Note 1 - Significant Accounting Policies

Basis of Presentation

The  condensed  consolidated  financial  statements  include the accounts of the
company and its  wholly-owned  subsidiaries.  In the opinion of management,  the
financial  statements  include all material  adjustments,  consisting  solely of
normal recurring adjustments, necessary for a fair presentation of the Company's
financial  position,  results of operations and cash flows.  The results of this
interim period are not necessarily indicative of results for the entire year.

Inventories

Inventories  are valued at the lower of cost or market.  Cost of  inventories is
determined principally by the last-in, first-out (LIFO) method.

Income Taxes

Provisions  for income tax in the  amounts of $ 2,179,000  and $ 1,666,000  were
recorded for the three month period ended June 30, 1999 and 1998, respectively.

Goodwill

The Company  amortizes  Goodwill on the straight  line basis over the  estimated
period to be benefitted.  The  acquisitions of National  Northeast  Corporation,
National  Southeast  Aluminum  Corporation,  and Heat  Exchangers,  Inc. in 1995
resulted in Goodwill of $11,118,000  which is being amortized over 25 years. The
acquisitions of Rowe Machinery & Automation,  Inc., and Omega Flex, Inc. in 1996
resulted in Goodwill of $7,729,000  which is being amortized over 25 years.  The
acquisition of Hill Engineering,  Inc. on January 31, 1997, resulted in Goodwill
of  $2,892,000  which is being  amortized  over 25  years.  The  acquisition  of
Anemostat,  as  more  fully  described  in  Note  2,  resulted  in  Goodwill  of
approximately  $6,800,000,  which is being amortized over 25 years.  The Company
continually  evaluates the carrying value of Goodwill.  Any impairments would be
recognized  when the  expected discounted future  operating  cash flows  derived
from such Goodwill is less than their carrying value.

Reclassification

Reclassifications   are  made   periodically  to  previously   issued  financial
statements to conform with the current year presentation.





                                        8


<PAGE>



Note 2 - Business Acquisition


On March 26,  1999,  the Company  acquired  substantially  all of the  operating
assets of the  Anemostat  Products  and  Anemostat-West  Divisions  of  Dynamics
Corporation of America, (collectively,  Anemostat), a wholly-owned subsidiary of
CTS Corporation.  Anemostat  manufactures  commercial air distribution  products
(grilles,  registers,  diffusers  and  VAV  boxes);  security  air  distribution
products;  and door  and  vision  frame  products  for the  HVAC and  commercial
building industries at locations in Scranton, Pennsylvania, (Anemostat Products)
and  Carson,   California,   (Anemostat-West).   The   Anemostat   products  are
complementary  to the  Company's  existing  louver  and damper  businesses.  The
purchase  price  paid for the assets  acquired  was  approximately  $25,360,000,
including assumed liabilities of approximately $2,419,000. The Company accounted
for this acquisition  under the purchase method of accounting and,  accordingly,
recorded Goodwill of approximately $6,800,000.

On April 26, 1999, an order was entered in the Bankruptcy Court for the Southern
District of Ohio, whereby the Company's offer to acquire the operating assets of
ACDC, Inc. (ACDC) of New Milford, Ohio, a manufacturer of industrial dampers for
the power generation market,  was approved.  The Company closed this transaction
on May 7, 1999 for approximately $2.6 million.


Note 3 - Merger Agreement

On  May  26,  1999  the  Company  entered  into  a  definitive  agreement,  (The
Agreement),  to merge its wholly owned subsidiary,  MCS, Inc. (MCS) into Simione
Central Holdings,  Inc. (Simione).  Under the terms of the Agreement,  for every
share of outstanding Simione common stock,  Simione will issue .85 shares of its
common stock to the Company. As a result, the Company will own approximately 46%
of Simione after the merger is completed. Under the terms of the Agreement MCS's
ProfitWorks segment will be distributed to the Company prior to the merger.

Simione is a provider of  information  systems  and  services to the home health
care industry  supplying  information  systems,  consulting  and agency  support
services to customers nationwide. Simione provides freestanding,  hospital based
and multi-office Home Health care Providers (including certified,  private duty,
staffing,  HME, IV therapy, and hospice) with information solutions that address
all aspects of home care operations. Simione maintains offices nationwide and is
headquartered in Atlanta, Georgia.

Under the terms of the  Agreement,  if either party  terminated the Agreement in
favor of an  alternative  acquisition  proposal the  terminating  party shall be
obligated  to pay the other party up to  $1,700,000  in  termination  fees.  The
Agreement is subject to regulatory and shareholder  approvals and is expected by
the parties to close prior to the end of 1999.










                                        9


<PAGE>



Note 4 - Property and Equipment

                                                        June 30,      Dec. 31,
                                                          1999          1998
                                                       ----------    ---------

Land                                                   $2,853,000    $2,395,000
Building                                               26,274,000    21,887,000
Leasehold Improvements                                  4,414,000     4,474,000
Equipment                                              91,617,000    78,820,000
                                                      ------------  ------------

                                                      125,158,000   107,576,000
Accumulated Depreciation                              (56,070,000)  (51,735,000)
                                                      ------------  ------------

                                                      $69,088,000   $55,841,000
                                                      ============  ============


Note 5 - Long-Term Debt

                                                      June 30,        Dec. 31,
                                                        1999            1998
                                                    ------------    ------------

Revolving Loan Agreement                            $32,712,000     $12,619,000
Other Bonds and Notes Payable                         7,526,000         569,000
                                                    ------------    ------------

                                                     40,238,000      13,188,000
Less Current Maturities                             (39,844,000)    (12,750,000)
                                                    ------------    ------------

                                                       $394,000        $438,000
                                                    ============     ===========

Revolving Loan Agreement - The Company has a Revolving Loan Agreement and Letter
of Credit  Facility  (the  Agreement)  with a  commercial  bank.  The  Agreement
provides  $55 million of unsecured  revolving  credit and $10 million of standby
letter of credit  capacity.  Borrowings  under the Agreement  bear interest at a
floating rate based on the bank's prime rate less 1.00% or, at the discretion of
the borrower,  LIBOR plus a quoted market factor or,  alternatively,  in lieu of
the prime based rate,  a rate based on the  overnight  Federal  Funds Rate.  The
Agreement  has been  extended on a one year basis  through  April 30, 2000.  The
Revolving Loan Agreement  contains  financial  covenants  which require that the
Company maintain certain current ratios, working capital amounts,  capital bases
and leverage  ratios.  This Agreement also contains  restrictions  regarding the
creation of indebtedness, the occurrence of mergers or consolidations,  the sale
of  subsidiary  stock,  and the  payment  of  dividends  in excess of 50% of net
income.


Note 6 - Interim Segment Information

Description  of the types of products  and services  from which each  reportable
segment derives its revenues:

The Company has four reportable segments: the manufacture of heating,
ventilating and air-conditioning

                                       10


<PAGE>



equipment (HVAC),  the manufacture of metal handling and metal forming machinery
(Metal Forming), the production of metal products (Metal Products), and computer
software development and system design, (Computer Software).

The Company's HVAC segment manufactures and sells a wide variety of residential,
commercial and industrial  heating,  cooling,  and air distribution  products to
independent wholesales supply warehouses,  to mechanical,  sheet metal and other
contractors,  and in some  cases  to other  HVAC  manufacturers  under  original
equipment  manufacture  (OEM)  contracts.  The products  include finned tube and
baseboard radiation equipment gas fired heating and ventilating  equipment,  air
damper  equipment  and related air  distribution  products  and  commercial  and
residential boilers. The products are marketed under a number of franchise names
including Sterling, Beacon Morris, Smith, Hydrotherm,  RBI, Vulcan, Applied Air,
Wing,  AWV, ABI,  Arrow,  Anemostat,  Koldwave,  and SpacePak.  Assets  totaling
approximately  $2.6 million  acquired in the ACDC acquisition on May 7, 1999, as
more fully described in Note 2, have been added to the Company's HVAC segment.

The Company's  Metal Products  segment  manufactures a variety of metal products
including aluminum extrusions,  flexible metal hose and grey iron castings. This
segment sells its products mostly as components to manufacturers who incorporate
them into  their own  products.  In some  cases  flexible  metal hose is sold to
distributors.

The Company's Metal Forming Segment designs, manufactures and sells a variety of
metal  forming  and  handling  products  under  names  such as  Cooper-Weymouth,
Peterson,  Dahlstrom,  Hill  Engineering,   Coilmate-Dickerman,  and  Rowe.  The
products  are sold  directly  and through  independent  dealers in most cases to
end-users  and in some  cases to other  original  equipment  manufacturers.  The
products include custom metal forming systems and other standard  machinery such
as roll  formers,  wing  formers,  destackers,  presses,  feeds,  straighteners,
cradles, stock reels, cut-to-length lines, gasket dies, tools and dies for metal
forming systems and specialty punching and cut-off machinery.

The Company's Computer Software segment operates under the name MCS, Inc. (MCS)
and develops and  sells  software  used  principally  in the medical information
systems marketplace.  MCS's  products  include  software  used to manage the day
-to-day operations of home medical equipment dealers and home health agencies.

Measurement of segment profit or loss and segment assets:

The Company  evaluates  performance  and allocates  resources based on profit or
loss from  operations  before  interest  expense  and income  taxes,  (EBIT) not
including  non-operating  gains  and  losses.  The  accounting  policies  of the
reportable  segments  are  the  same  as  those  described  in  the  summary  of
significant  accounting policies.  Intersegment sales and transfers are recorded
at prices substantially  equivalent to the Company's cost; inter-company profits
on such intersegment sales or transfers are not material.

Factors management used to identify the enterprise's reportable segments:

The  Company's  reportable  segments  are  business  units that offer  different
products.  The  reportable  segments  are each managed  separately  because they
manufacture and distribute distinct products using distinct production processes
intended for distinct marketplaces.


                                       11


<PAGE>



Three Months ended
June 30, 1999:

                                             Metal    Metal    Computer
                                     HVAC  Products  Forming   Software   Totals

Revenues from External Customers   $59,660  16,162   8,686      5,025     89,533

Segment Operating Profit             3,875   1,777     162        529      6,343


Three Months ended
June 30, 1998:

                                             Metal    Metal    Computer
                                     HVAC  Products  Forming   Software   Totals

Revenues from External Customers   $49,924  11,982  11,874      3,908     77,688

Segment Operating Profit             1,557   1,351   1,611        428      4,947


Note 7 - Earnings Per Common Share

Basic  earnings per share were  computed  using the weighted  average  number of
common  shares  outstanding.   Common  stock  options  were  considered  in  the
computation of diluted earnings.


Note 8 - Common Stock Buyback Program

During the second  quarter of 1999, the Company made no "open market" or odd lot
purchases of its common stock.


Note 9 - Stock Option Plans

On March 20, 1996 the Company adopted a stock option plan, the Mestek, Inc. 1996
Stock Option Plan, (the Plan),  which provides for the granting of incentive and
non-qualified  stock  options  of up to  500,000  shares  of  stock  to  certain
employees  of the  Company  and  other  persons,  including  directors,  for the
purchase  of the  Company's  common  stock at fair  market  value at the date of
grant.  The Plan was  approved by the  Company's  shareholders  on May 22, 1996.
Options  granted  under the plan vest over a five-year  period and expire at the
end of ten years.  During the first quarter of 1999,  options to purchase 85,000
shares of common  stock were  granted,  (65,000 on January 4, 1999 and 20,000 on
March 29, 1999) at an exercise price of $20.00, to seven employees.  All options
granted under the Plan total 175,000  shares,  all of which are  outstanding  at
June 30, 1999.




                                       12


<PAGE>



Item 2 - Management's Discussion and Analysis of Financial Condition and Results
 of Operation

Total  Revenues in the Company's  HVAC segment,  as illustrated in Note 5 to the
Condensed Consolidated  Financial Statements,  during the second quarter of 1999
were  increased  relative to the second  quarter of 1998,  by 19.5%,  reflecting
principally  the  effect of the  acquisition  of  Anemostat  on March 26,  1999.
Comparative  results  for the HVAC  segment  were also  positively  impacted  by
improved results in a number of the segment's hydronic and industrial  products.
Operating  income for this segment as a result  increased from $1,557,000 in the
second quarter of 1998 to $3,875,000 in the second quarter of 1999.

Total Revenues in the Company's Metal Products segment, as illustrated in Note 5
to the Condensed  Consolidated  Financial  Statements,  were up 34.9% during the
second  quarter of 1999,  principally  as a result of the  addition of Boyertown
Foundry  Company  which was  acquired  on November 2, 1998.  In  addition,  this
segment's  Omega Flex  division  continued to expand  sales of it  Trac-Pipe(TM)
flexible gas piping product.  This segment's National Northeast unit experienced
reduced  revenues and  operating  profits  during the quarter,  however,  due to
delays in the  startup  of its new  3,000 ton  extrusion  press in  Pelham,  New
Hampshire and as a result,  gross profit margins for the segment as a whole were
slightly reduced; operating profits, notwithstanding, increased by 22.1%.

Total Revenues in the Company's Metal Forming segment,  as illustrated in Note 5
to the Condensed Consolidated Financial Statement were down 26.8% reflecting the
effect of an  industry-wide  slow-down  in  incoming  orders  for Metal  Forming
Equipment  experienced  primarily in the 3rd and 4th quarters of 1998. Operating
income was accordingly  reduced from $1,611,000 in the second quarter of 1998 to
$162,000 in the second  quarter of 1999.  Sales backlog in this  segment,  which
recorded a twelve -month low of approximately  $10,908,000 at December 31, 1998,
has grown to approximately $15,076,000 at June 30, 1999.

The  Company's  Computer  Software  segment  reported  significant  increases in
revenues  and gross  profits and a modest  increase in  operating  income  owing
principally  to the  release of an  upgraded  version of its  flagship  product,
MestaMed,  in the latter  part of 1998 and  reorganization  of  management.  The
operating income increase has not kept pace with the increase in revenues due to
increased spending on product support and development  initiatives.  The medical
information  software  products  and services of this segment are the subject of
the  merger  agreement  set  forth  in Note 3 to  these  Condensed  Consolidated
Financial Statements on page 9.

For the Company as a whole, Sales,  General and Administrative,  and Engineering
costs, taken together as a percentage of Total Revenues, were slightly increased
from 21.44% to 22.10%.

Operating  income  for the  first  quarter  of 1999 for the  Company  as a whole
increased  by  $1,396,000  or 28.2%  reflecting  the net  effect of the  factors
mentioned above.

The Company's total debt (long-term debt plus current portion of long-term debt)
increased  by $ 3.4 million  during the quarter  ended June 30, 1999  reflecting
principally  the effect of the  acquisition of ACDC on May 7, 1999 as more fully
described  in  Note  2  to  the  Condensed  Consolidated  Financial  Statements.
Management   regards  the  Company's   current  capital  structure  and  banking
relationships  as fully adequate to meet  foreseeable  future needs. The Company
has not paid dividends on its common stock since 1979.


                                       13


<PAGE>



                           PART II - OTHER INFORMATION


Item 6 - Exhibits and Reports on Form 8-K

(a) Statement of Computation of Per Share Earnings ...                   Page 15

(b)  Registrant  filed two reports on Form 8-K during the quarter for which this
report is filed.

Item 7 - Submission of Matters to a Vote of Security Holders

The  Company  held its  Annual  Meeting of  Shareholders  on May 18,  1999.  The
following Directors were re-elected to serve until the next Annual Meeting.

                                             A. Warne Boyce
                                             E. Herbert Burk
                                             William J. Coad
                                             Winston R. Hindle, Jr.
                                             David W. Hunter
                                             David M. Kelly
                                             David R. Macdonald
                                             John E. Reed
                                             Stewart B. Reed

The  shareholders  voted to affirm  the  appointment  of Grant  Thornton  LLP as
independent  auditors  for the Company for the fiscal year ending  December  31,
1999.



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<PAGE>



                                  MESTEK, INC.

              SCHEDULE OF COMPUTATION OF EARNINGS PER COMMON SHARE


                                        Three Months Ended      Six Months Ended
                                             June 30,              June 30,
                                        1999       1998          1999      1998
                                       ------     ------        ------    ------
(Amounts in thousands, except earnings per common share)

Net Income for earnings per share      $3,605     $2,832        $7,124    $6,202
                                       ======     ======        ======    ======


Basic weighted average number of
common shares outstanding               8,873      8,925         8,877     8,926
                                       ======     ======        ======    ======

Basic earnings per common share         $ .41      $ .32         $ .80     $ .69
                                       ======     ======        ======    ======

Diluted weighted average number
of common shares outstanding            8,900      8,956         8,904     8,953
                                       ======     ======        ======    ======

Diluted earnings per common share       $ .41      $ .32         $ .80     $ .69
                                       ======     ======        ======    ======



                               SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                              MESTEK, INC.
                              (Registrant)


Date: July 27, 1999          By: /S/ Stephen M. Shea
                              ----------------------------------------------
                             Stephen M. Shea, Senior Vice President -Finance and
                             CFO (Chief Financial Officer)


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