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: September 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  November  6, 2000 was
8,743,103.


<PAGE>


                                  MESTEK, INC.

                          QUARTERLY REPORT ON FORM 10-Q
                  FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2000


                                      INDEX

                                                                           Page

PART I - FINANCIAL INFORMATION

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

Condensedconsolidated  statements of income for the three months ended September
         30, 2000 and 1999 and the nine months ended
         September 30, 2000 and 1999                                          5

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

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

Notes to the condensed consolidated financial statements                   8-15

Management's Discussion and Analysis of Financial Condition
         and Results of Operations                                        15-16


PART II - OTHER INFORMATION

Item 6 - Exhibits and Reports on Form 8-K                                    16

Statement of Computation of Per share Earnings                               17

SIGNATURE                                                                    17


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
                                   (Unaudited)


                                                     Sept. 30,         Dec. 31,
                                                       2000              1999
                                                       ----              ----
                                                         (Dollars in thousands)


ASSETS
Current Assets
   Cash                                                $3,031            $4,468
   Accounts Receivable - less allowances of
   $4,478 and $3,627 respectively                      74,400            66,605
   Unbilled Accounts Receivable                            44               447
   Inventories                                         71,873            54,688
   Other Current Assets                                 9,030             5,815
                                                     ---------         ---------

     Total Current Assets                             158,378           132,023

Property and Equipment -net                            75,771            69,067
Notes Receivable                                         ---              3,850
Investment in Simione Central Holdings, Inc.            6,850              ---
Other Assets and Deferred Charges - net                 8,840             7,146
Excess of Cost over Net Assets of Acquired Companies   56,845            30,167
                                                     ---------         ---------

     Total Assets                                    $306,684          $242,253
                                                     =========         =========







See the Notes to Condensed Consolidated Financial Statements.


Continued on next page


<PAGE>


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



                                                           Sept. 30,    Dec. 31,
                                                             2000         1999
                                                             ----         ----
                                                          (Dollars in thousands)
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
     Current Portion of Long-Term Debt                     $81,522      $14,467
     Accounts Payable                                       23,506       18,335
     Accrued Compensation                                    5,109        6,778
     Accrued Commissions                                     2,660        3,314
     Progress Billings in Excess of Cost and
         Estimated Earnings                                    268        3,257
     Customer Deposits                                       8,588        5,409
     Other Accrued Liabilities                              22,656       16,731
                                                          ---------     --------

         Total Current Liabilities                         144,309       68,291

Long-Term Debt                                                 244       20,324
Other Liabilities                                            2,326        2,104
                                                          ---------     --------

         Total Liabilities                                 146,879       90,719
                                                          ---------     --------

Minority Interests                                           2,789        2,917
                                                          ---------     --------

Shareholders' Equity
     Common Stock - no par, stated value $0.05
         per share, 9,610,135 shares                           479          479
     Paid in Capital                                        15,434       15,434
     Retained Earnings                                     152,035      143,180
     Treasury Shares, at cost, (867,032 and 846,132
          common shares, respectively)                      (9,809)      (9,393)
     Cumulative Translation Adjustment                      (1,123)      (1,083)
                                                          ---------    ---------

         Total Shareholders' Equity                        157,016      148,617
                                                          ---------    ---------


         Total Liabilities and Shareholders'  Equity      $306,684     $242,253
                                                          =========    =========





See the Notes to Condensed Consolidated Financial Statements.


<PAGE>


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


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

Net Sales                                 $114,967  $94,490   $296,558 $256,560
Net Service Revenues                           165      125        685      125
                                           --------  -------   -------- --------

Total Revenues                             115,132   94,615    297,243  256,685

Cost of Goods Sold                          83,860   69,368    214,884  186,162
Cost of Service Revenues                       149       15        450       15
                                           --------  -------   -------- --------

Gross Profit                                31,123   25,232     81,909   70,508

Selling Expense                             13,974   10,914     37,592   32,204
General and Administrative Expense           6,303    4,632     15,774   12,497
Engineering Expense                          3,126    2,757      8,751    7,240
                                           --------  -------    -------  -------

Operating Profit                             7,720    6,929     19,792   18,567

Interest Expense                            (1,381)    (630)    (2,487)  (1,476)
Other Income (Expense) - net                    99      (31)       177     (201)
                                           --------  -------    -------  -------
Income from Continuing
Operations Before Income Taxes               6,438    6,268     17,482   16,890

Income Taxes                                 2,404    2,307      6,765    6,325
                                           --------  -------    -------  -------

Income from Continuing Operations            4,034    3,961     10,717   10,565

Discontinued Operations:
Income (Loss) from Operations of
Discontinued Segment Before Taxes             ---       182       (478)   1,035
Applicable Income Tax (Expense) Benefit       ---       (74)       167     (407)
                                           --------  -------    -------  -------
Income (Loss) from Operations
of Discontinued Segment                       ---       108       (311)     628

Net Income                                  $4,034   $4,069    $10,406  $11,193
                                           --------  -------    -------  -------

Basic Earnings Per Common Share
Continuing Operations                       $ .46     $ .45      $1.23    $1.19
Discontinued Operations                       ---       .01       (.04)     .07
                                           --------  -------    -------  -------
Net Income                                  $ .46     $ .46      $1.19    $1.26
                                           ========  =======    =======  =======

Basic Weighted Average Shares Outstanding    8,743    8,857      8,743    8,870
                                           ========  =======    =======  =======

Diluted Earnings Per Common Share
Continuing Operations                        $.46      $.45      $1.23    $1.19
Discontinued Operations                       ---       .01       (.04)     .07
                                           --------  -------    -------  -------
Net Income                                   $.46      $.46      $1.19    $1.26
                                           ========  =======    =======  =======

Diluted Weighted Average Shares Outstanding  8,760    8,888      8,760    8,899
                                           ========  =======    =======  =======

See the Notes to Condensed Consolidated Financial Statements.

Note: Year-to-date September 30, 2000 and September 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)
                                Nine Months Ended
                                  September 30,
                                                          2000             1999
                                                          ----             ----
                                                          (Dollars in thousands)
Cash Flows from Operating Activities:

  Net Income                                           $10,406          $11,193
  Adjustments to Reconcile Net Income to Net Cash
    Provided by Operating Activities:
  Depreciation and Amortization                          9,296            7,800
  Provision for Losses on Accounts Receivable            1,053              414
  Change in Assets & Liabilities:
  Cash Flows (Used) by Changes In:
         Assets and Liabilities                        (10,959)         (12,131)
                                                       --------         --------

  Net Cash Provided by Operating Activities              9,796            7,276
                                                       --------         --------

Cash Flows from Investing Activities:
Investment in Simione Central Holdings, Inc.            (3,000)            ---
Capital Expenditures                                    (7,348)          (8,425)
Acquisition of Businesses (net of cash acquired)       (41,537)         (25,495)
                                                       --------         --------

Net Cash (Used in) Investing Activities                (51,885)         (33,920)
                                                       --------         --------

Cash Flows from Financing Activities:
  Net Borrowings Under Line of Credit Agreement         41,328           26,007
  Principal Payments Under Long Term Debt Obligation       (91)            (109)
  Repurchase of Common Stock                              (417)            (988)
  Increase in Minority Interests                          (128)             (11)
  Cumulative Translation Adjustments                       (40)              (5)
                                                       --------         --------

Net Cash Provided by Financing Activities               40,652           24,894
                                                       --------         --------

Net (Decrease) in Cash and Cash Equivalents             (1,437)          (1,750)
Cash and Cash Equivalents - Beginning of Period          4,468            3,777
                                                       --------         --------

Cash and Cash Equivalents - End of Period               $3,031           $2,027
                                                        -------         --------

See the Notes to Condensed Consolidated Financial Statements.


<PAGE>
<TABLE>


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

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


<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, 1999                     $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                   $479        $15,434        $143,180       (9,393)       (1,083)         $148,617
                                              ======================================================================================

Net Income                                                                 10,406                                       10,406
Dividends Paid in MCS, Inc. common stock                                   (1,551)                                      (1,551)
Common Stock Repurchased                                                                  (416)                           (416)
Cumulative Translation Adjustment                                                                        (40)              (40)
                                              --------------------------------------------------------------------------------------

Balance - September 30, 2000                  $479        $15,434        $152,035       (9,809)       (1,123)         $157,016
                                              ======================================================================================



</TABLE>




See the Notes to the Condensed Consolidated Financial Statements.



<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  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  $2,404,000  and  $2,307,000  were
recorded for the three months ended September 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
$23,000,000,  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 periods ended September 30, 2000 and September 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.

Recent Accounting Pronouncements

On December 3, 1999, the SEC released Staff  Accounting  Bulletin 101,  (SAB101)
"Revenue  Recognition in Financial  Statements".  This bulletin established more
clearly defined revenue  recognition  criteria than previous existing accounting
pronouncements.  On June 26, 2000,  the SEC released Staff  Accounting  Bulletin
101B which delayed the required implementation of SAB101 until no later than the
fourth quarter of fiscal years ending  December 31, 2000.  The Company  believes
that the  effects of SAB101 will not be  material  to its  financial  condition,
results of operations or cash flow.

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,  through a wholly owned subsidiary,  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  lines.  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
$23,000,000 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.

On August 25, 2000 the Company,  through a 75% owned  subsidiary,  Airtherm LLC,
acquired  substantially of all of the operating assets of Airtherm Manufacturing
Company,  a Missouri  corporation,  and  Airtherm  Products,  Inc.,  an Arkansas
corporation, (collectively the sellers), except the real property owned by these
companies,  for  approximately  $4,099,000,  including  assumed  liabilities  of
$101,000. No goodwill was recorded in the transaction. The Company has an option
to acquire the  remaining 25% of Airtherm LLC  membership  interests it does not
own for $2,000,000,  subject to certain downward adjustments. The option expires
on February 21, 2002. The Company may become contractually obligated to purchase
these  shares for  $2,500,000,  subject to certain  downward  adjustments  if it
chooses not to  exercise  its option.  If the  Company  chooses to exercise  its
option to acquire the  membership  interests,  or is  required  to purchase  the
membership interests, the amount paid will be recorded as goodwill in connection
with the acquisition of Airtherm. In connection with the transaction the Company
also loaned  $1,550,000 to an unrelated company which acquired two manufacturing
facilities owned by the sellers.  The loan is evidenced by a $750,000 promissory
note which  bears  interest  at 7% and matures on August 31, 2002 and a $800,000
promissory  note which bears  interest at 7% and matures on August 31, 2002. The
notes are secured in each case by the related  manufacturing  facilities and are
included in other current assets and other assets, respectively, as of September
30, 2000.


Note 3 - Merger Agreement

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 remains 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.
See also - Note 11 - Related Party Transactions
Summarized financial information for the discontinued operations, is as follows:

                                       Quarter ended                Years ended
                                     September 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



<PAGE>


                                      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:
                                            September 30,          December 31,
                                                2000                   1999
                                                ----                   ----

Finished Goods                                $23,252                $18,692
Work-in-progress                               23,172                 14,865
Raw materials                                  32,652                 28,335
                                               ------                 ------
                                               79,076                 61,892
Less provision for LIFO
  Method of valuation                          (7,203)                (7,204)
                                               -------                -------
                                              $71,873                $54,688
                                               =======                =======


Note 5 - Property and Equipment

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

Land                                         $4,636                     $2,853
Building                                     29,188                     26,792
Leasehold Improvements                        4,824                      4,415
Equipment                                   104,781                     96,028
                                            -------                    -------

                                            143,429                    130,088
Accumulated Depreciation                    (67,658)                   (61,021)
                                            --------                   -------

                                            $75,771                    $69,067
                                            ========                   ========




<PAGE>


Note 6 - Long-Term Debt

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

Revolving Loan Agreement                      $61,430               $34,358
Note Payable                                   20,000                  ---
Other Bonds and Notes Payable                     336                   433
                                              -------               --------

                                               81,766                34,791
Less Current Maturities                       (81,522)              (14,467)
                                              --------              --------

                                                 $244               $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 September 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  $13,090,000  acquired  in the Cesco,  Louvers  and  Dampers,  and
Airtherm LLC 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 Rotary 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.



<PAGE>


Three Months ended
September 30, 2000:
                                             Metal      Metal    All
                                   HVAC      Products   Forming  Others  Totals
                                   -------   --------   -------  ------  -------
Revenues from External Customers   $75,015   $19,427    $20,525   $165  $115,132

Segment Operating Profit            $4,289    $2,642       $906  ($117)   $7,720


Three Months ended
September 30, 1999:
                                             Metal       Metal    All
                                    HVAC     Products    Forming  Others  Totals
                                   -------   --------    -------  ------ -------
Revenues from External Customers   $68,678   $16,028     $9,784   $125   $94,615

Segment Operating Profit            $5,098    $1,418       $403    $10    $6,929


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
third 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  September  30,  2000 was
approximately $4,598,000. 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 per share.

Simione  Central  Holdings,  Inc. is obligated  to the Company  under a $600,000
one-year  Promissory  Note which bears interest at prime plus one and matures on
July 30, 2001.  The Note is included in other  current  assets on September  30,
2000.


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
September 30, 2000, net of revenues  generated by the Cesco,  Inc.,  Louvers and
Dampers, Inc., and Airtherm, Inc. acquisitions,  as more fully described in Note
2, were up  approximately  2.9%.  Gross profit margins for the HVAC segment were
slightly  lower  at  26.8%   reflecting  the   transitional   effects  of  these
acquisitions. Operating income for this segment decreased from $5,098,000 in the
third  quarter  of 1999 to  $4,289,000  in the  third  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  September  30,  2000,  were up 21.2%,  principally  as a result of
improved  performances at National  Northeast  Corporation,  which 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 its  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
three-month period ended September 30, 2000.

Total Revenues in the Company's  Metal Forming  segment more than doubled during
the quarter  ended  September  30, 2000, as set forth in Note 7 to the Condensed
Consolidated  Financial  Statement,  as a result of revenues  from the Company's
Met-Coil unit,  which was acquired on June 3, 2000. Gross Profit Margins for the
Metal Forming  segment were reduced  relative to the comparable  quarter in 1999
due to reduced  revenues  from  certain  historical  product  lines and  certain
transitional  costs  associated  with the  absorption of B & K Rotary  Machinery
International Corporation, which was acquired on February 10, 2000 as more fully
described  in Note 2.  Operating  income  increased  from  $403,000 in the third
quarter of 1999 to $906,000 in the third quarter of 2000  reflecting  the effect
of the MetCoil acquisition.

For the Company as a whole, Sales,  General and Administrative,  and Engineering
costs, taken together as a percentage of Total Revenues, increased from 19.3% to
20.3%.

Operating  income from  continuing  operations for the third quarter of 2000 for
the Company as a whole increased 2.7% from  $6,268,000 to $6,438,000  reflecting
the net effect of the factors mentioned above.

The Company's total debt (long-term debt plus current portion of long-term debt)
increased by $2,260,000 during the quarter ended September 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.


                           PART II - OTHER INFORMATION

Item 6 - Exhibits and Reports on Form 8-K

     (a) Statement of Computation of Per Share Earnings...Page 11.

     (b) Registrant did file a Form 8-K during the quarter for which this report
is filed.


                                  MESTEK, INC.
              SCHEDULE OF COMPUTATION OF EARNINGS PER COMMON SHARE


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


Net income for earnings per share          $4,034   $4,069      $10,406  $11,193
                                            =====    =====       ======  =======

Basic earnings per common share
Continued Operations                        $ .46    $ .45        $1.23    $1.19
Discontinued Operations                        --      .01         (.04)     .07
                                            -----    -----        -----    -----
Net Income                                  $ .46    $ .46        $1.19    $1.26
                                            =====    =====        =====    =====

Basic Weighted Average Share Outstanding    8,743    8,857        8,743    8,870
                                            =====    =====        =====    =====

Diluted Earnings Per Common Share
Continued Operations                          .46      .45         1.23     1.19
Discontinued Operations                        --      .01         (.04)     .07
                                            -----    -----        -----    -----
Net Income                                  $ .46    $ .46        $1.19    $1.26
                                            =====    =====        =====    =====

Diluted Weighted Average Share Outstanding  8,760    8,888        8,760    8,899
                                            =====    =====        =====    =====

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




<PAGE>


                                    SIGNATURE

     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: November 14, 2000             /S/ Stephen M. Shea
                                   ---------------------------------------------
                                   Stephen M. Shea Senior Vice President-Finance
                                                     (Chief Financial Officer)