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: March 31, 2001


                          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 May 10, 2001,
was 8,721,603.


<PAGE>


                                  MESTEK, INC.

                          QUARTERLY REPORT ON FORM 10-Q
                    FOR THE THREE MONTHS ENDED MARCH 31, 2001


                                      INDEX

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

Condensed consolidated balance sheets at March 31, 2001
         and December 31, 2000                                         3 - 4

Condensed consolidated statements of income for the three
         months ended March 31, 2001 and 2000                              5

Condensed consolidated statements of cash flows for the three
         months ended March 31, 2001 and 2000                              6

Condensed consolidated statement of changes in shareholders' equity
         for the period from January 1, 2000 through March 31, 2001        7

Notes to the condensed consolidated financial statements                8-12

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


PART II - OTHER INFORMATION

Statement of Computation of Per share Earnings                            14


SIGNATURE                                                                 14


<PAGE>


PART I - FINANCIAL INFORMATION


Item 1 - Financial Statements


                                  MESTEK, INC.
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                                   (Unaudited)



                                                            March 31,   Dec. 31,
                                                              2001        2000
                                                            ---------   --------
                                                          (Dollars in thousands)
ASSETS
Current Assets
     Cash                                                   $3,878       $2,417
     Accounts Receivable - less allowances of,
         $3,911 and $3,627 respectively                     58,227       64,832
     Unbilled Accounts Receivable                               12           27
     Inventories                                            68,426       70,911
     Deferred Tax Benefit                                    3,313        3,333
     Other Current Assets                                    6,199        6,489
                                                           --------    ---------

         Total Current Assets                              140,055      148,009

Property and Equipment - net                                55,183       73,489
Notes Receivable                                               800          800
Investment in Simione Central Holdings, Inc.                 6,850        6,850
Other Assets and Deferred Charges - net                      7,634        7,676
Excess of Cost over Net Assets of Acquired Companies        49,018       56,665
                                                           --------    ---------

         Total Assets                                     $259,540     $293,489
                                                          ========     =========


See the Notes to Condensed Consolidated Financial Statements.


     Continued on next page


<PAGE>


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



                                                           March 31,   Dec. 31,
                                                             2001        2000
                                                           ---------   ---------
                                                          (Dollars in thousands)

LIABILITIES, AND SHAREHOLDERS' EQUITY
Current Liabilities
   Current Portion of Long-Term Debt                       $17,481      $63,418
   Accounts Payable                                         19,758       19,646
   Accrued Compensation                                      3,366        6,903
   Accrued Commissions                                       2,227        2,528
   Progress Billings in Excess of
     Cost and Estimated Earnings                               267          283
   Customer Deposits                                         8,522        9,321
   Other Accrued Liabilities                                29,288       19,658
                                                           --------     --------

         Total Current Liabilities                          80,909      121,757

Long-Term Debt                                                 240          240
Other Liabilities                                            2,908        5,064
                                                           --------     --------

         Total Liabilities                                  84,057      127,061
                                                           --------     --------

Minority Interests                                           1,051        2,746
                                                           --------     --------

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                                     169,885      158,697
     Treasury Shares, at cost, (888,532 and 867,032
         common shares, respectively)                      (10,101)      (9,733)
     Cumulative Translation Adjustment                      (1,265)      (1,195)
                                                           --------    ---------
         Total Shareholders' Equity                        174,432      163,682
                                                           --------    ---------

         Total Liabilities, and Shareholders' Equity      $259,540     $293,489
                                                          ========     =========


See the Notes to Condensed Consolidated Financial Statements.


<PAGE>


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

                                                             Three Months Ended
                                                                  March 31,
                                                              2001        2000
                                                            --------    --------
                                        (In thousands, except for share amounts)

Net Sales                                                   $96,118     $80,274
Net Service Revenues                                            176         291
                                                            --------    --------

Total Revenues                                               96,294      80,565

Cost of Goods Sold                                           71,040      56,976
Cost of Service Revenues                                        142         163
                                                            --------    --------

Gross Profit                                                 25,112      23,426

Selling Expense                                              12,632      11,011
General and Administrative Expense                            4,905       4,107
Engineering Expense                                           3,113       2,708
Restructuring Charges                                           774         --
                                                            --------    --------

Operating Profit                                              3,688       5,600

Interest Income (Expense)                                      (193)        183
Other Income (Expense) - net                                   (113)          1
                                                            --------    -------

Income from Continuing Operations Before Income Taxes         3,382       5,784

Income Taxes                                                  1,284       2,236
                                                            --------    -------

Income from Continuing Operations                             2,098       3,548

Discontinued Operations:

Gain on Sale of Discontinued Operations                      16,572         --
Applicable Income Tax Expense                                 7,482         --
                                                            --------    --------
Net Gain on Sale of Discontinued Operations                   9,090         --

Income from Operations of
Discontinued Operations Before Income Taxes                     --           55
Applicable Income Tax Expense                                   --           64
                                                            --------    -------
(Loss) from Discontinued Operations                             --           (9)

Net Income                                                  $11,188      $3,539
                                                            ========    =======

Basic Earnings Per Common Share
Continuing Operations                                         $0.24       $0.40
Discontinued Operations                                        1.04         --
                                                               ----       -----
Net Income                                                    $1.28       $0.40
                                                              =====       =====

Basic Weighted Average Shares Outstanding                     8,729       8,745
                                                              =====       =====

Diluted Earnings Per Common Share
Continuing Operations                                         $0.24       $0.40
Discontinued Operations                                        1.04         --
                                                               ----        ---
Net Income                                                    $1.28       $0.40
                                                              =====       =====

Diluted Weighted Average Shares Outstanding                   8,749       8,762
                                                              =====       =====


See the Notes to Condensed Consolidated Financial Statements.


<PAGE>


                                  MESTEK, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)

                                                            Three Months Ended
                                                                March 31,
                                                             2001         2000
                                                             ----         ----
                                                          (Dollars in thousands)

Cash Flows from Operating Activities:
   Net Income                                               $11,188       3,539
   Adjustments to Reconcile Net Income to Net Cash
     Provided by Operating Activities:
   Depreciation and Amortization                              2,135       2,867
   Provision for Losses on Accounts Receivable                  408         130
   Change in Assets & Liabilities:
   Cash Flows Provided by (Used in) Changes In:
     Accounts Receivable                                        586       5,024
     Unbilled Accounts Receivable                                15         162
     Inventory                                               (1,076)     (3,255)
     Other Assets                                              (198)       (586)
     Accounts Payable                                         1,867         592
     Accrued Expenses                                         4,758      (1,765)
     Progress Billings                                          (16)       (116)
     Other Long Term Liabilities                             (1,155)        255
                                                            --------    --------
Net Cash Provided by Operating Activities                    18,512       6,847
                                                            --------    --------

Cash Flows from Investing Activities:
   Capital Expenditures                                        (419)     (2,810)
   Additional Investment in Simione                              --      (3,000)
   Net Book Value of National Northeast
     Assets & Liabilities Disposed of                        31,438          --
   Acquisition of Businesses (net of cash acquired)              --      (8,018)
                                                            --------    --------
Net Cash Provided by (Used in) Investing Activities          31,019     (13,828)
                                                            --------    --------

Cash Flows from Financing Activities:
   Net Borrowings (Repayments)
     Under Line of Credit Agreements                        (45,937)      3,673
   Principal Payments Under Long Term Debt Obligations          --          (23)
   Increase (Decrease) in Minority Interests                 (1,695)         66
   Repurchase of Common Stock                                  (368)       (416)
   Cumulative Translation Adjustments                           (70)         (9)
                                                            --------    --------
Net Cash Provided by (Used in) Financing Activities         (48,070)      3,291
                                                            --------    --------

Net Increase (Decrease) in Cash and Cash Equivalents          1,461      (3,690)
Cash and Cash Equivalents - Beginning of Period               2,417       4,468
                                                            -------     --------

Cash and Cash Equivalents - End of Period                    $3,878        $778
                                                            ========    ========

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, 2000 through March 31, 2001


<CAPTION>

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

<S>                                          <C>       <C>          <C>            <C>           <C>             <C>
Balance - January 1, 2000                    $479      $15,434      $143,180       ($9,393)      ($1,083)        $148,617
Net Income                                                            17,068                                       17,068
Dividends Paid in MCS, Inc. Common Stock                              (1,551)                                      (1,551)
Common Stock Repurchased                                                              (340)                          (340)
Cumulative Translation Adjustment                                                                   (112)            (112)
                                             -----     --------     --------       --------      --------        ---------
Balance - December 31, 2000                  $479      $15,434      $158,697       ($9,733)      ($1,195)        $163,682

Net Income                                                            11,188                                       11,188
Common Stock Repurchased                                                              (368)                          (368)
Cumulative Translation Adjustment                                                                    (70)             (70)
                                             -----     --------     --------       --------      --------        ---------
Balance - March 31, 2001                     $479      $15,434      $169,885      ($10,101)      ($1,265)        $174,432
                                             =====     ========     ========      =========      ========        ========


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 on continuing operations in the amounts of
$1,284,000 and $2,236,000 were recorded for the three-month periods ended March
31, 2001 and 2000, 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 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 March 31, 2001 and March 31, 2000, 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.


<PAGE>


Note 3 - Discontinued Operation

         On January 9, 2001 the Company completed the sale of its 89.5% owned
subsidiary, National Northeast Corporation ("National"), an aluminum extruder
and heat sink fabricator, to Alpha Technologies Group, Inc. ("Alpha") for a
total cash consideration of $49.9 million. The Company's net pre-tax gain, after
accounting for the minority interest and related costs of sale, was
approximately $16.6 million. The Income Tax Expense recorded in respect of the
gain is higher than would be suggested by applying statutory rates to the gain
recorded for accounting purposes due principally to the fact that as part of the
agreement for sale the Company agreed to make on behalf of Alpha an election
under Internal Revenue Code Section 338(h)10 which requires that the Company
treat the transaction for tax purposes as a deemed sale of 100% of National's
assets, the tax consequences of which inure to the Company. The Company has
accounted for the transaction as a Gain on Disposal of Discontinued Operations
in accordance with APB30.


Note 4 - Inventories

             Inventories consisted of the following at:

                                       March 31,              December 31,
                                          2001                    2000
                                          ----                    ----

Finished Goods                          $20,448                 $16,969
Work-in-progress                         22,595                  22,488
Raw materials                            32,650                  38,776
                                       ---------               ---------
                                         75,693                  78,233
Less provision for LIFO
  Method of valuation                    (7,267)                 (7,322)
                                       ---------               ---------
                                        $68,426                 $70,911
                                       =========               =========


Note 5 - Property and Equipment

                                       March 31,               December 31,
                                         2001                      2000
                                         ----                      ----

Land                                     $4,316                   $4,636
Building                                 24,546                   28,639
Leasehold Improvements                    4,615                    4,839
Equipment                                84,747                  105,763
                                        --------                 --------

                                        118,224                  143,877
Accumulated Depreciation                (63,041)                 (70,388)
                                        --------                 --------

                                        $55,183                  $73,489
                                        ========                 ========


Note 6 - Long-Term Debt
                                       March 31,               December 31,
                                         2001                     2000
                                         ----                     ----

Revolving Loan Agreement                $17,410                  $48,336
Note Payable                                 --                   15,000
Other Bonds and Notes Payable               311                      322
                                        --------                 --------

                                         17,721                   63,658
Less Current Maturities                 (17,481)                 (63,418)
                                        --------                 --------

                                           $240                     $240
                                        ========                 ========

         Revolving Loan Agreement - The Company has a Revolving Loan Agreement
and Letter of Credit Facility (the Agreement) with a commercial bank. The
Agreement has been amended and extended on a one-year basis through April 30,
2002. The Agreement as amended provides $50 million of unsecured revolving
credit including $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 Revolving Loan Agreement
contains financial covenants, which require that the Company maintain ratios,
relating to interest coverage and leverage. 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. On January 9, 2001, the company paid off the
$15,000,000 outstanding balance. No balance was outstanding under the Demand
Loan facility as of March 31, 2001. The facility expires May 31, 2001. The
Company expects to renew the facility on substantially equivalent terms before
its expiration.


Note 7 - Interim Segment Information

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

As described in Note 2, the Company completed the sale of National Northeast
Corporation, (National) on January 9, 2001. National historically represented
the largest division in the Company's Metal Products segment. The Company has
elected to incorporate the Metal Products segment's remaining units, Omega-Flex,
Inc. and Boyertown Foundry Company into the Heating, Ventilating, and Air
Conditioning segment (HVAC) as of January 1, 2001. First quarter 2000 segment
information has been similarly reclassified for purposes of comparability.

Effective January 1, 2001, therefore, the Company has two reportable segments:
the manufacture of heating, ventilating and air-conditioning equipment (HVAC)
and the manufacture of metal handling and metal forming machinery (Metal
Forming).

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, Omega Flex and Spacepak.

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, Lockformer, Iowa Precision (IPI), Hill
Engineering, Coilmate-Dickerman, and Rowe. The products are sold directly to
end-users and through independent dealers to end-users and to other original
equipment manufacturers. The products include roll formers, wing benders, duct
forming systems, plasma and water-jet cutting equipment, coil feeds,
straighteners, cradles, cut-to-length lines, specialty dies, rotary punching
equipment, tube feed and cut-off and flying cut-off saws.

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
March 31, 2001:

                                                   Metal       All
                                         HVAC     Forming     Other     Totals
                                        ----      -------     -----     ------

Revenues from External Customers       $76,123     $19,995     $176     $96,294

Segment Operating Profit                $3,303        $485    ($100)     $3,688

Three Months ended
March 31, 2000:

The following table excludes data related to National Northeast Corporation
which is included in Discontinued Operations as explained in Note 2. The balance
of the former Metal Products segment operations are included in the HVAC segment
for purposes of comparability.

                                                     Metal      All
                                         HVAC       Forming    Other     Totals
                                         ----       -------    -----     ------

Revenues from External Customers        $71,709     $8,565     $291     $80,565

Segment Operating Profit                 $5,413       $192      ($5)     $5,600


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

During the first quarter of 2001 the Company continued its program of selective
"open market" purchases of its common stock acquiring 21,500 shares. All such
shares have been accounted for as treasury shares. No purchases have been made
since subsequent to March 31, 2001.


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, 2001. No options were granted in the
first quarter of 2001.


Note 11 - Restructuring Charges

The Company has established a restructuring reserve of $774,000 in the
accompanying financial statements relating to the planned shutdown of certain
operations and product lines at several of the manufacturing locations in the
Air Distribution division of the Company's HVAC segment. The number of employees
terminated or to be terminated as a result of the above restructuring plan is
estimated at 65.


Note 12 - Subsequent Events

On April 30, 2001, the Company announced that it had executed a letter of intent
to acquire the business of Yoder Manufacturing (Yoder) and Mentor AGVS (Mentor)
from SNS Properties, Inc. of Cleveland, Ohio. Yoder is a leading manufacturer of
roll forming equipment and tube and pipe mills; Mentor manufactures laser-guided
automated vehicles for material handling. Yoder's and Mentor's products are
complementary with other products manufactured by the Company's Metal Forming
(Formtek) segment. The Company expects to close the transaction on or before
June 30, 2001.


<PAGE>


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

As described in Note 2, the Company completed the sale of National Northeast
Corporation, (National) on January 9, 2001. National historically represented
the largest division in the Company's Metal Products segment. The Company has
elected to incorporate the Metal Products segment's remaining units, Omega-Flex,
Inc. and Boyertown Foundry Company into the Heating, Ventilating, and Air
Conditioning segment (HVAC) as of January 1, 2001. First quarter 2000 segment
information has been similarly reclassified for purposes of comparability.

Total Revenues in the Company's HVAC segment, as illustrated in Note 7 to the
Condensed Consolidated Financial Statements, increased by 6.1% during the first
quarter of 2001 relative to the first quarter of 2000 due primarily to sales
from the Company's Louvers and Dampers Inc. and Airtherm, LLC acquisitions which
were completed in the second and third quarters of 2000, respectively. Sales
from certain of the Company's wholesale distribution products were soft due to
general economic conditions affecting the HVAC industry. Gross profit margins
for the HVAC segment were down slightly to 25.4%. Operating income for this
segment decreased from $5,413,000 in the first quarter of 2000 to $3,303,000 in
the first quarter of 2001. Gross Profit margins and operating expenses were
impacted by a variety of transitional costs related to plant closings and
product relocations as more fully explained in Note 11 to the Condensed
Consolidated Financial Statements.

Total Revenues in the Company's Metal Forming segment, as illustrated in Note 7
to the Condensed Consolidated Financial Statements, increased 233% during the
first quarter of 2001, owing to sales from the Company's Met-Coil System
Corporation acquisition which was completed on June 3, 2000. Absent such
revenues, sales for this segment were down 26%, primarily in the CWP and Rowe
coil handling equipment businesses, reflecting the economic downturn in the
manufacturing sector, especially automotive stamping. Gross profit margins
dropped to 23.0% in the first quarter of 2001 from 27.3% in the first quarter of
2000 primarily due to lower than expected margins in Met-Coil, which were
adversely affected by certain custom jobs that included significant product
development costs. Other Metal Forming divisions gross profits increased 11%.
Operating profits as a percentage of sales were essentially flat.

For the Company as a whole, Sales, General and Administrative, and Engineering
costs, taken together as a percentage of Total Revenues, were slightly reduced
from 22.1% to 21.4%.

Operating income for the first quarter of 2001, exclusive of Restructuring
Charges, for the Company as a whole decreased by $1,138,000 or 25.8% reflecting
the net effect of the factors mentioned above.

The Company's total debt (long-term debt plus current portion of long-term debt)
was substantially reduced in the first quarter of 2001 from $63.7 million to
$17.7 million, as a result of the sale of National Northeast Corporation, as
more fully explained in Note 2 to the Condensed Financial Statements. Management
regards the Company's current capital structure and banking relationships as
fully adequate to meet foreseeable future needs. The Company has not paid
dividends on its common stock since 1979.

The Company's Annual Meeting of Shareholders will be held 11 a.m., June 7, 2001
at the Reed Institute adjacent to the Company's headquarters in Westfield,
Massachusetts.


<PAGE>


PART II - OTHER INFORMATION


Item 6 - Exhibits and Reports on Form 8-K

(a) Statement of Computation of Per Share Earnings ... Page 14


(b) Registrant filed one report on 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 March 31,
                                                         2001           2000
                                                      ---------        -------

Income from Continuing Operations                      $2,098          $3,548
Income from Discontinued Operations                     9,090              (9)
                                                      --------         -------
Net Income                                            $11,188          $3,539

Basic Earnings per Common Share:
Continuing Operations                                   $0.24           $0.40
Discontinued Operations                                  1.04              --
                                                      --------         -------
Net Income                                              $1.28           $0.40
                                                      ========         =======

Basic Weighted Average Shares Outstanding               8,729           8,745
                                                      ========         =======

Diluted Earnings Per Common Share:
Continuing Operations                                   $0.24           $0.40
Discontinued Operations                                  1.04              --
                                                      --------         -------
Net Income                                              $1.28           $0.40
                                                      ========         =======

Diluted Weighted Average Shares Outstanding             8,749           8,762
                                                      ========         =======



                                   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: May 15, 2001     By: /S/ Stephen M. Shea
                       -----------------------------------------------
                       Stephen M. Shea, Senior Vice President - Finance
                       and CFO (Chief Financial Officer)