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, 2000

                          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,  2000,  was
8,743,103.


<PAGE>

                                  MESTEK, INC.

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

                                      INDEX

PART I - FINANCIAL INFORMATION                                         Page No.

Condensed consolidated balance sheets at June 30, 2000
         and December 31, 1999                                          3 - 4

Condensed consolidated statements of income for the three
         months ended June 30, 2000 and 1999 and the six months ended
         June 30, 2000 and 1999                                          5

Condensed consolidated statements of cash flows for the six
         months ended June 30, 2000 and 1999                             6

Condensed consolidated statement of changes in shareholders' equity
         for the period from January 1, 1999 through June 30, 2000       7

Notes to the condensed consolidated financial statements                8 - 15

Management's Discussion and Analysis of Financial Condition
         and Results of Operations                                       16


PART II - OTHER INFORMATION

Item 6 - Exhibits and Reports on Form 8-K                                17

Item 7 - Submission of Matters to a Vote of Security Holders             17

Statement of Computation of Per share Earnings                           18


SIGNATURE                                                                18

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.


<PAGE>


PART I - FINANCIAL INFORMATION

Item 1 - Financial Statements

                                  MESTEK, INC.
                      CONDENSED CONSOLIDATED BALANCE SHEETS


                                                         June 30,       Dec. 31,
                                                           2000           1999
                                                       ---------       ---------
                                                         (Amount in thousands)
                                                        (unaudited)    (audited)

ASSETS
Current Assets
  Cash                                                   $2,481          $4,468
  Accounts Receivable - less allowances of,
    $3,994 and $3,627 respectively                       65,283          66,605
  Unbilled Accounts Receivable                               40             447
  Inventories                                            72,828          54,688
  Other Current Assets                                    8,689           5,815
                                                       ---------       ---------

    Total Current Assets                                 149,321         132,023

Property and Equipment - net                             75,732          69,067
Notes Receivable                                           ---            3,850
Investment in Simione Central Holdings, Inc.              6,850            ---
Other Assets and Deferred Charges - net                   9,418           7,146
Excess of Cost over Net Assets of Acquired Companies     56,983          30,167
                                                       ---------         -------

    Total Assets                                       $298,304        $242,253
                                                       =========       =========



See the Notes to Condensed Consolidated Financial Statements
Continued on next page



<PAGE>


                                  MESTEK, INC.

                CONDENSED CONSOLIDATED BALANCE SHEETS (continued)

                                                       June 30,         Dec. 31,
                                                         2000              1999
                                                     ----------          -------
                                                         (Amounts in thousands)
                                                        (unaudited)    (audited)
LIABILITIES, AND SHAREHOLDERS' EQUITY
Current Liabilities

  Current Portion of Long-Term Debt                     $79,201         $14,467
  Accounts Payable                                       23,826          18,335
  Accrued Compensation                                    4,878           6,778
  Accrued Commissions                                     2,379           3,314
  Progress Billings in Excess of Cost
   and Estimated Earnings                                   253           3,257
  Customer Deposits                                       8,725           5,409
  Other Accrued Liabilities                              20,695          16,731
                                                        --------       ---------

    Total Current Liabilities                           139,957          68,291

Long-Term Debt                                              301          20,324
Other Liabilities                                         2,048           2,104
                                                       ---------       ---------

    Total Liabilities                                   142,306          90,719
                                                       ---------       ---------

Minority Interests                                        3,056           2,917
                                                       ---------       ---------

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                                     148,000         143,180
  Treasury Shares, at cost, (867,032 and 846,132
   common shares, respectively)                          (9,808)         (9,393)
  Cumulative Translation Adjustment                      (1,163)         (1,083)
                                                       ---------       ---------
    Total Shareholders' Equity                          152,942         148,617
                                                       ---------       ---------

    Total Liabilities, and Shareholders' Equity        $298,304        $242,253
                                                       =========       =========


See the Notes to Condensed Consolidated Financial Statements.


<PAGE>


                                  MESTEK, INC.
                   CONDENSED CONSOLIDATED STATEMENTS OF INCOME

                                   (Unaudited)

                                            Three Months Ended  Six Months Ended
                                                  June 30,         June 30,
                                               2000     1999     2000     1999
                                              ------   ------   ------   ------
                                                    (Amounts in thousands,
                                              except earnings per common share)

Net Sales                                    $92,115  $84,508 $181,590 $162,070
Net Service Revenues                             229     ---     2,222     ---
                                              -------  -------  -------  -------

Total Revenues                                92,344   84,508  183,812  162,070

Cost of Goods Sold                            66,815   60,825  131,024  116,794
Cost of Service Revenues                         159     ---     1,681     ---
                                              -------  -------  -------  -------

Gross Profit                                  25,370   23,683   51,107   45,276

Selling Expense                               12,090   11,374   24,013   21,290
General and Administrative Expense             4,976    4,217    9,671    7,865
Engineering Expense                            2,834    2,331    5,826    4,483
                                              -------  -------  -------  -------

Operating Profit                               5,470    5,761   11,597   11,638

Interest Expense                                (859)    (587)  (1,393)    (846)
Other Income (Expense) - net                     115       22      360     (170)
                                              -------  -------  -------  -------
Income from Continuing

Operations Before Income Taxes                 4,726    5,196   10,564   10,622

Income Taxes                                   1,893    1,950    4,193    4,018
                                              -------  -------  -------  -------

Income from Continuing Operations              2,833    3,246    6,371    6,604

Discontinued Operations:
  Income from Operations of
    Discontinued Segment Before Taxes           ---       588     ---       853
  Applicable Income Tax Expense                 ---      (229)    ---      (333)
                                              -------  --------  -------  ------
  Income from Operations
    of Discontinued Segment                     ---       359     ---       520

Net Income                                    $2,833   $3,605   $6,371   $7,124
                                              -------  -------  -------  -------

Basic Earnings Per Common Share

Continuing Operations                           $.32     $.37     $.73     $.74
Discontinued Operations                          ---      .04      ---      .06
                                              -------  -------  -------  -------
Net Income                                      $.32     $.41     $.73     $.80
                                              =======  =======  =======  =======

Basic Weighted Average Shares Outstanding      8,743    8,873    8,743    8,877
                                              =======  =======  =======  =======

Diluted Earnings Per Common Share

Continuing Operations                           $.32     $.37     $.73     $.74
Discontinued Operations                          ---      .04      ---      .06
                                              -------  -------  -------  -------
Net Income                                      $.32     $.41     $.73     $.80
                                              =======  =======  =======  =======

Diluted Weighted Average Shares Outstanding    8,760    8,900    8,760    8,904
                                              =======  =======  =======  =======

See the Notes to Condensed Consolidated Financial Statements.

Note: Year-to-date June 30, 2000 and June 30, 1999 earning per share figures
do not equal the sum of individual quarters due to rounding differences.


<PAGE>


                                  MESTEK, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                                   (Unaudited)

                                                          Six Months Ended
                                                                    June 30,
                                                                 2000      1999
                                                                --------  ------
                                                          (Amounts in thousands)

Cash Flows from Operating Activities:
Net Income                                                     $6,371    $7,124
Adjustments to Reconcile Net Income to Net Cash
Provided by Operating Activities:
Depreciation and Amortization                                   5,828     4,971
Provision for Losses on Accounts Receivable                       202       416
Change in Assets & Liabilities:
Cash Flows Provided by (Used in) Changes In:
Accounts Receivable                                             4,258     1,508
Unbilled Accounts Receivable                                      407        15
Inventory                                                      (6,130)     (418)
Other Assets                                                   (3,055)      280
Accounts Payable                                                4,003    (8,031)
Progress Billings                                                (164)       38
Other Liabilities                                              (3,204)   (3,437)
                                                               -------   -------

Net Cash Provided by Operating Activities                       8,516     2,466
                                                               -------   -------

Cash Flows from Investing Activities:
Capital Expenditures                                           (4,582)   (6,164)
Acquisition of Businesses (net of cash acquired)              (41,537)  (25,495)

Investment in Simione Central Holdings, Inc.                   (3,000)     --
                                                               -------   -------

Net Cash Used in Investing Activities                         (49,119)  (31,659)
                                                               -------   -------

Cash Flows from Financing Activities:
Net Borrowings Under Line of Credit Agreements                 39,057    27,092
Principal Payments Under Long Term Debt Obligations               (84)      (42)
Increase in Minority Interests                                    139        76
Repurchase of Common Stock                                       (416)     (339)
Cumulative Translation Adjustments                                (80)       13
                                                               -------   -------

Net Cash Provided by Financing Activities                      38,616    26,800
                                                               -------   -------

Net Decrease in Cash and Cash Equivalents                      (1,987)   (2,393)
Cash and Cash Equivalents - Beginning of Period                 4,468     3,777
                                                               -------   -------

Cash and Cash Equivalents - End of Period                      $2,481    $1,384
                                                               =======   =======

See the Notes to Condensed Consolidated Financial Statements.


<PAGE>

<TABLE>

                                  MESTEK, INC.

       CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY

              For the period January 1, 1999 through June 30, 2000

<CAPTION>
                                                             Additional                                Cumlative
                                                  Common      Paid In      Retained      Treasury     Translation
                                                  Stock       Capital      Earnings      Shares       Adjustment        Total

<S>                                               <C>         <C>          <C>           <C>           <C>             <C>
Balance - January 1, 1999   (audited)             $479        $15,434      $125,263      ($6,790)      ($ 1,088)       $133,298

Net Income                                                                   17,917                                      17,917
Common Stock Repurchased                                                                  (2,603)                         2,603)
Cumulative Translation Adjustment                                                                             5               5
                                                  -----       --------     ---------     --------      ---------       ---------
Balance - December 31, 1999 (audited)             $479        $15,434      $143,180      ($9,393)      ($ 1,083)       $148,617

Net Income                                                                    6,371                                       6,371
Dividends Paid in MCS, Inc. common stock                                     (1,551)                                     (1,551)
Common Stock Repurchased                                                                    (415)                          (415)
Cumulative Translation Adjustment                                                                           (80)            (80)
                                                  -----       --------     ---------     --------      ---------       ---------
Balance - June 30, 2000     (unaudited)           $479        $15,434      $148,000      ($9,808)      ($ 1,163)       $152,942
                                                  =====       ========     =========     ========      =========       =========



See the Notes to Condensed Consolidated Financial Statements.
</TABLE>


<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  $1,893,000  and $  1,950,000  were
recorded for the three-month periods ended June 30, 2000 and 1999, respectively.

Excess of Cost Over Net Assets of Acquired Companies (Goodwill)

The Company  amortizes  Goodwill on the  straight-line  basis over the estimated
period to be benefited.  The acquisition of the assets of Anemostat on March 26,
1999 resulted in Goodwill of approximately  $6,800,000,  which will be amortized
over 25 years.  The  acquisition  of the assets of Wolfram,  Inc. d/b/a Cesco
Products as more fully described in Note 2, resulted in Goodwill of
approximately $2,700,000, which will be amortized over 25 years.  The
acquisition of selected assets of B & K Rotary Machinery International
Corporation, as more fully described in Note 2, resulted in Goodwill of
approximately $2,200,000, which will be amortized over 25 years.  The merger of
Met-Coil Systems Corporation into Formtek,  Inc., a wholly owned subsidiary  of
the  Company,  as more fully  described in Note 2, resulted in goodwill of
approximately $22,000,000,  which will be amortized over 25 years.  The
acquisition of the assets of Louvers and Dampers,  Inc., as more fully described
in Note 2, resulted in Goodwill of approximately $699,000, which will be
amortized over 25 years. The Company continually  evaluates the carrying value
of Goodwill.  Any impairments would be recognized when the expected future
operating cash flows derived from such Goodwill is less than their carrying
value.

Comprehensive Income

For the  period  ended  June  30,  2000 and June  30,  1999,  respectively,  the
components of other comprehensive income were immaterial and consisted solely of
foreign currency translation adjustments.

Reclassification

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

Note 2 - Business Acquisitions

On January 28, 2000,  the Company  acquired  substantially  all of the operating
assets of Wolfram,  Inc. d/b/a Cesco Products  ("Cesco") located in Minneapolis,
Minnesota.  Cesco  manufactures  vertical and horizontal  louvers;  controls and
fire/smoke dampers;  gravity  ventilators,  louver penthouses and walk-in access
doors for the HVAC industry at its location in Minneapolis, Minnesota. The Cesco
products  are  complementary  to  the  Company's   existing  louver  and  damper
businesses.  The purchase price paid for the assets  acquired was  approximately
$5,991,000, including assumed liabilities of approximately $991,000. The Company
accounted  for this  acquisition  under the purchase  method of  accounting  and
accordingly recorded goodwill of approximately $2,700,000.

On February 10, 2000, the Company  acquired the designs,  intellectual  property
and certain physical assets of B & K Rotary Machinery International  Corporation
("B & K") of Brampton,  Ontario,  Canada.  B & K is a well-known and experienced
manufacturer  of highly  engineered  metal  processing  line. B & K equipment is
found in steel processing centers,  tube/pipe production plants and roll-forming
facilities  around the world. The B & K  Supermill(TM),  Rotary  Shear(TM),  and
Rotary  Pierce(TM)  designs are the technology of choice among leading producers
of light gauge steel framing used in building  construction.  The purchase price
paid for the assets acquired was approximately $2,800,000. The Company accounted
for this  acquisition  under the purchase method of accounting and  accordingly,
recorded goodwill of approximately $2,200,000.

On June 3, 2000,  the  Company and  Met-Coil  Systems  Corporation  ("Met-Coil")
completed its previously  announced  merger  agreement  under which Met-Coil was
merged into a wholly owned subsidiary of the Company. Immediately thereafter, in
accordance  with the terms of the merger  agreement,  the Met-Coil  shareholders
were  redeemed  for a total cash  consideration  of  approximately  $33,600,000.
Met-Coil  manufactures  advanced  sheet-metal-forming   equipment,   fabricating
equipment and computer-controlled fabrication systems for the global market. The
Company employs approximately 270 people,  principally in its Cedar Rapids, Iowa
and Lisle, Illinois  manufacturing  facilities,  and had revenues for the fiscal
year ended May 31, 2000 of $48.3 million.  Met-Coil's products are complementary
with those of the Company's Metal Forming Segment. The Company accounted for the
merger under the  purchase  method of  accounting  and,  accordingly,  the total
purchase price allocated to the assets acquired was  approximately  $49,400,000,
including  assumed  liabilities  of  $15,800,000.  Goodwill of approximately
$22,000,000 was recorded.

On June 30, 2000 the Company acquired  substantially all of the operating assets
of Louvers  and  Dampers,  Inc.  (L & D) located in  Florence,  Kentucky.  L & D
manufactures  louver and damper  products  for the HVAC  industry.  The purchase
price paid for the assets  acquired  was  $3,000,000  and  included  $699,000 of
goodwill. The Company accounted for the acquisition under the purchase method of
accounting.

Note 3 - Discontinued Operation

On May 26, 1999 the Company entered into an agreement (the Agreement) to merge
its wholly owned subsidiary, MCS, Inc. (MCS) into Simione Central Holdings, Inc.
(Simione). 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,  for every share of outstanding Simione common
stock,  Simione would issue .85 shares of its common stock to the Company.  As a
result,  the Company  would own,  based on the number of Simione  common  shares
outstanding at the date of the Agreement, approximately 46% of Simione after the
merger is completed.  On August 12, 1999,  Simione,  with the Company's consent,
acquired all of the outstanding common stock of CareCentric Solutions,  Inc. for
$200,000 and acquired all of the Preferred Stock of CareCentric Solutions,  Inc.
in return for 3.1  million  newly  issued  shares of Simione  Series A Preferred
Stock,  which may be converted on a one for one basis into Simione common shares
upon consent of a majority of the Simione  shareholders.  The Series A Preferred
Stock was converted to common stock after shareholder approval on March 7, 2000.
As a result,  the Company owns approximately 38% of Simione. Under the terms of
the  Agreement,  MCS's  ProfitWorks  segment will remain with the Company.

On September 9, 1999, Mestek, Inc. ("Mestek") announced that it had entered into
an  amendment  to the Plan and  Agreement  of  Merger  dated  May 26,  1999 (the
"Amendment")  between Simione Central Holdings,  Inc. ("SCHI"),  Mestek, and its
wholly-owned  subsidiary,  MCS, Inc. ("MCS"), whereby the shares of common stock
of MCS will be  distributed  to the  Mestek  common  shareholders  in a spin-off
transaction (the Spin-off), and MCS will then be merged with and into SCHI, (the
Merger).  The  Spin-off and the Merger were  completed  on March 7, 2000,  after
shareholder approval.

In connection with the Amendment, Mestek loaned to SCHI a total of $4,000,000 on
a  short-term  basis.  Upon  the  closing  of the  above-mentioned  merger,  the
$4,000,000 loan was canceled, and Mestek contributed an additional $2,000,000 to
the capital of SCHI in return for newly issued Series B Preferred Stock of SCHI.
The Series B Preferred Stock issued to Mestek had super-voting rights equivalent
to 2.2 million  shares of SCHI common  stock.  On June 12, 2000 Mestek agreed to
reduce such voting rights by half to comply with NASDAQ's  voting rights policy,
in  exchange  for a  three-year  warrant to  acquire up to 490,396  shares at an
exercise price of $3.21 of SCHI Common Stock. Mestek also received as part of it
capital  contribution  to SCHI a warrant for the subsequent  purchase of 400,000
shares of SCHI common stock at an exercise price of $10.875.  The Amendment also
provided, upon consummation of the merger, for the appointment to the SCHI Board
of Directors of six individuals  designated by Mestek, and the obligation of the
Mestek Major Shareholders (as defined in the Amendment) to vote for the nominees
to the SCHI Board of Directors for eighteen  months after the effective  date of
the merger.

Mestek also loaned Simione $850,000 on November 11, 1999 on a short-term  basis.
Upon  consummation  of the merger,  the loan was  converted to $850,000 of newly
issued Series C Preferred  Stock. The Series C Preferred stock has voting rights
equal to 170,000 shares of SCHI common stock.

On March 6, 2000,  the Company  completed the Spin-off and on March 7, 2000, the
subsequent  merger of its wholly  owned  subsidiary,  MCS,  Inc.,  into  Simione
Central  Holdings,  Inc.  The net  book  value of the  assets  of MCS,  Inc.  of
approximately  $1,551,000 has been treated as a dividend to the  shareholders of
the Company.  The Company has accounted for the  operations of MCS prior to that
date as a discontinued operation in accordance with APB30.

Summarized financial information for the discontinued operations, is as follows:

                                              Quarter ended       Years ended
                                              June 30, 2000     1999       1998
                                              -------------     ----       ----

 Operating Revenues                                ---        $16,648    $14,901

 Income before Provision
   for Income Taxes                                ---           $772     $1,712

 Income from
   Discontinued Operations net of Income Tax       ---           $466     $1,026


                                                        At December 31, 1999

 Current Assets                                                $4,648
 Total Assets                                                  $6,696

 Current Liabilities                                           $6,191
 Total Liabilities                                             $6,191

 Net Assets of Discontinued Operations                           $505


Note 4 - Inventories

Inventories consisted of the following at:
                                           June 30,                December 31,
                                            2000                      1999
                                            ----                      ----

Finished Goods                             $21,892                   $18,692
Work-in-progress                            20,622                    14,865
Raw materials                               37,516                    28,335
                                           --------                    ------
                                            80,030                    61,892
Less provision for LIFO
  Method of valuation                       (7,202)                   (7,204)
                                           --------                  --------
                                           $72,828                   $54,688
                                           ========                  ========

Note 5 - Property and Equipment

                                         June 30,                 Dec. 31,
                                          2000                      1999
                                         --------                 --------

Land                                      $4,636                   $2,853
Building                                  29,022                   26,792
Leasehold Improvements                     4,752                    4,415
Equipment                                102,253                   96,028
                                         --------                 --------
                                         140,663                  130,088
Accumulated Depreciation                 (64,931)                 (61,021)
                                         --------                 --------
                                         $75,732                  $69,067
                                         ========                 ========


Note 6 - Long-Term Debt

                                       March 31,                     Dec. 31,
                                         2000                          1999
                                       ---------                     --------

Revolving Loan Agreement                 $73,415                      $34,358
Other Bonds and Notes Payable              6,087                          433
                                         --------                     --------

                                          79,502                       34,791
Less Current Maturities                  (79,201)                     (14,467)
                                         --------                     --------

                                            $301                      $20,324
                                         ========                     ========


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 one percent (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,
2001. 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 percent (50%) of net income.

Note Payable - The Company has an  unsecured  uncommitted  Demand Loan  Facility
with a  second  commercial  bank  under  which  the  Company  can  borrow  up to
$25,000,000  on  a  LIBOR  basis.  The  facility  expires  on  April  30,  2001.
$20,000,000 was outstanding under the Demand Loan facility as of June 30, 2000.

Note 7 - Interim Segment Information

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

The  Company  has  three  reportable  segments:   the  manufacture  of  heating,
ventilating  and  air-conditioning  equipment  (HVAC),  the manufacture of metal
handling and metal forming  machinery  (Metal  Forming),  and the  production of
metal products  (Metal  Products).  As further  described in Note 3, the Company
discontinued its Computer Software segment during fiscal 2000.

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,  Koldwave,  Anemostat and  Spacepak.  Assets  totaling
approximately   $8,991,000  acquired  in  the  Cesco  and  Louvers  and  Dampers
acquisitions,  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 gray 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   equipment   and   related   machinery   under  names  such  as
Cooper-Weymouth, Peterson, Dahlstrom, Hill Engineering, CoilMate/Dickerman,
Rowe, B & K Rotary, Lockformer and Iowa Precision. The products are sold through
independent dealers in most cases to end-users and in some cases to other
original equipment manufacturers. The products include roll formers, wing
benders, coil feeds, straighteners, cradles, cut-to-length lines, specialty
dies,  rotary punch,  tube feed and cut-off and flying cut-off saws. Assets
totaling approximately $2,800,000 acquired in the B & K acquisition on February
10, 2000 as more fully described in Note 2, have been added to the Company's
Metal Forming segment. Assets totaling approximately $49,400,000 acquired in the
Met-Coil acquisition on June 3, 2000, as more fully described in Note 2, have
also been added to the Company's Metal Forming segment.

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.  Inter-segment sales and transfers are recorded
at prices substantially  equivalent to the Company's cost; inter-company profits
on such inter-segment 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.

Three Months ended

June 30, 2000:

                                              Metal     Metal    All
                                   HVAC      Products  Forming  Others   Totals

Revenues from External Customers   $60,294   $18,685   $13,136   $229    $92,344

Segment Operating Profit            $2,159    $2,479      $892   ($60)    $5,470


Three Months ended

June 30, 1999:

                                              Metal     Metal    All
                                   HVAC      Products  Forming  Other     Totals

Revenues from External Customers  $59,660    $16,162    $8,686   ----    $84,508

Segment Operating Profit           $3,875     $1,777      $253   (144)    $5,761


Note 8 - 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 9 - Common Stock Buyback Program

No  purchases  have been made under the  Company's  program of  selective  "open
market" purchases of its common stock since January 13, 2000.

Note 10 - 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. All options granted under the Plan total 175,000 shares,  none
of which have been  exercised at March 31, 2000.  No options were granted in the
second quarter of 2000.

Note 11 - Related Party Transactions

As more fully  described  in Note 3, the  Company  has  invested  $6,850,000  in
Simione Central Holdings, Inc. (Simione) equity securities.

On July 12, 2000, the Company executed a guarantee on behalf of Simione relative
to Simione's $6 million  one-year line of credit with  Wainwright Bank and Trust
Company.  Under the terms of the guarantee,  the Company is obligated to fulfill
any obligations under the line of credit agreement not fulfilled by Simione. The
outstanding  balance  under  the  line  of  credit  as  of  July  28,  2000  was
approximately $3,100,000. In consideration of the guarantee the Company received
a three-year warrant to purchase up to 104,712 shares of Simione common stock at
an exercise price of $2.51.


<PAGE>


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

Total  Revenues in the Company's HVAC segment for the  three-month  period ended
June 30, 2000, after adjusting for revenues  generated by the CESCO  acquisition
described  in Note 2, were down approximately  2.8%  owing to  softness  in
certain air distribution and industrial  heating products.  Gross profit margins
for the HVAC segment,  accordingly,  were slightly lower at 26.4% reflecting the
effect  of   unabsorbed   burden.   Operating   income  for  this   segment  was
correspondingly  decreased  from  $3,875,000  in the  second  quarter of 1999 to
$2,159,000 in the second quarter of 2000.  Costs associated with a number of new
product development projects and the relocation of an air distribution  products
manufacturing facility also impacted operating results for this segment.

Total  Revenues in the  Company's  Metal  Products  segment for the  three-month
period ended June 30, 2000,  were up 15.6%,  principally as a result of improved
performances at National Northeast Corporation,  which had experienced a sub-par
1999 due to relocation  costs and  installation of a new extrusion press, and at
Omega Flex, Inc., which continued to expand sales of it TracPipe(R) flexible gas
piping product. As a result of these factors, gross profit margins and operating
income increased  significantly  for this segment during the for the three-month
period ended June 30, 2000.

Total Revenues in the Company's Metal Forming segment,  as illustrated in Note 7
to the Condensed  Consolidated  Financial  Statement were up 50%. Primarily this
increase is due to revenues from the Company's Met-Coil unit, which was acquired
on June 3,  2000.  Gross  Profit  Margins  for the Metal  Forming  segment  were
relatively  unchanged this quarter.  Operating income was accordingly  increased
from $253,000 in the second  quarter of 1999 to $892,000 in the second quarter
of 2000.

For the Company as a whole, Sales,  General and Administrative,  and Engineering
costs, taken together as a percentage of Total Revenues, increased slightly from
21.2% to 21.5%.

Operating  income from continuing  operations for the second quarter of 2000 for
the Company as a whole decreased  approximately 5% from $5,761,000 to $5,470,000
reflecting the net effect of the factors mentioned above.

The Company's total debt (long-term debt plus current portion of long-term debt)
reflecting  principally the Met-Coil  acquisition on June 3, 2000, as more fully
described  in  Note  2  to  the  Condensed  Consolidated  Financial  Statements,
increased by  $41,100,000  during the quarter  ended June 30,  2000.  Management
regards the Company's  current capital  structure and banking  relationships  as
fully  adequate  to meet  foreseeable  future  needs.  Except  for the  non-cash
distribution of the stock of MCS during the first quarter 2000 as further
described in Note 3, the Company has not paid dividends on its common stock
since 1979.


<PAGE>


PART II - OTHER INFORMATION

Item 6 - Exhibits and Reports on Form 8-K

(a) Statement of Computation of Per Share Earnings ... Page 18

(b)  Registrant  filed one report 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 12,  2000.  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,
2000.


<PAGE>


                                  MESTEK, INC.

              SCHEDULE OF COMPUTATION OF EARNINGS PER COMMON SHARE

                                           Three Months Ended   Six Months Ended
                                                June 30,            June 30,
                                             2000     1999        2000     1999
                                             -----    -----       -----    -----
                                                (Amounts in thousands, except
                                                  earnings per common share)

Net Income for earnings per share           $2,833   $3,605      $6,371   $7,124
                                             =====    =====       =====    =====

Basic Earnings per Common Share

     Continued Operations                     .32      .37         .73      .74
     Discontinued Operations                    -      .04           -      .06
                                             -----    -----       -----    -----
     Net Income                              $.32     $.41        $.73     $.80
                                             =====    =====       =====    =====

Basic Weighted Average Shares Outstanding    8,743    8,873       8,743    8,877
                                             =====    =====       =====    =====

Diluted Earnings per Common Share

     Continuing Operations                     .32     .37         .73      .74
     Discontinued Operations                     -     .04           -      .06
                                             -----    -----       -----    -----
     Net Income                               $.32    $.41        $.73     $.80
                                             =====    =====       =====    =====

Diluted Weighted Average Shares Outstanding  8,760    8,900       8,760    8,904
                                             =====    =====       =====    =====

Note:  Year-to-date June 30, 2000 and 1999 earnings per share figures do not
equal the sum of individual quarters due to rounding differences.




                                   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: August 21, 2000           By: /S/ Stephen M. Shea
                                ---------------------------------------------
                                Stephen M. Shea, Senior Vice President - Finance
                                and CFO (Chief Financial Officer)