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, 1999


                         Commission file number: 1- 448


                                  MESTEK, INC.


                            Pennsylvania Corporation


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


                              260 North Elm Street
                         Westfield, Massachusetts 01085


                            Telephone: (413) 568-9571


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



The number of shares of Common  Stock  outstanding  as of  November  5, 1999 was
8,829,403.


                                                         1

<PAGE>



                                  MESTEK, INC.

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


                                      INDEX


                                                                        Page No.
PART I - FINANCIAL INFORMATION

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

Condensedconsolidated  statements of income for the three months
         ended September 30, 1999 and 1998 and the nine months ended
         September 30, 1999 and 1998                                        5

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

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

Notes to the condensed consolidated financial statements                 8-13

Management's Discussion and Analysis of Financial Condition
         and Results of Operations                                         14


PART II - OTHER INFORMATION


Item 6 - Exhibits and Reports on Form 8-K                                  15

Statement of Computation of Per share Earnings                             15

SIGNATURE                                                                  15


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



                                                         2

<PAGE>



                         PART I - FINANCIAL INFORMATION


Item 1 - Financial Statements


                                   MESTEK,INC.
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                                   (Unaudited)


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


ASSETS
Current Assets
   Cash and Cash Equivalents                                $ 2,027     $ 3,777
   Accounts Receivable - less allowances of
   $4,120 and $3,443 respectively                            64,101      55,443
   Unbilled Accounts Receivable                                 247         286
   Inventories                                               54,022      52,980
   Other Current Assets                                       5,959       5,103
                                                            --------   ---------

     Total Current Assets                                   126,356     117,589

Property and Equipment -net                                  68,869      55,841
Other Assets and Deferred Charges - net                      10,276       7,148
Excess of Cost over Net Assets of Acquired Companies         30,458      24,565
                                                            --------   ---------

     Total Assets                                           $235,959   $205,143
                                                           =========   =========







See the Notes to Condensed Consolidated Financial Statements.



Continued on next page



                                        3

<PAGE>



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



                                                       Sept. 30,       Dec. 31,
                                                         1999            1998
                                                       ---------       ---------
                                                         (Dollars in thousands)
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
   Current Portion of Long-Term Debt                    $38,749         $12,750
   Accounts Payable                                      18,019          20,126
   Accrued Compensation                                   3,832           6,187
   Accrued Commissions                                    2,968           3,985
   Progress Billings in Excess of Cost and
      Estimated Earnings                                  3,075           3,150
   Customer Deposits                                      4,016           5,746
   Other Accrued Liabilities                             18,607          16,230
                                                       ---------      ----------

       Total Current Liabilities                         89,266          68,174

Long-Term Debt                                              337             438
Other Liabilities                                             6             370
                                                       ---------      ----------

       Total Liabilities                                 89,609          68,982
                                                       ---------      ----------

Minority Interests                                        2,852           2,863
                                                       ---------      ----------

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                                    136,456         125,263
   Treasury Shares, at cost, (765,732 and 719,830
        common shares, respectively)                     (7,778)         (6,790)
   Cumulative Translation Adjustment                     (1,093)         (1,088)
                                                       ---------      ----------

       Total Shareholders' Equity                       143,498         133,298
                                                       ---------      ----------


       Total Liabilities and Shareholders' Equity      $235,959        $205,143
                                                       =========       =========





See the Notes to Condensed Consolidated Financial Statements.

                                        4

<PAGE>



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


                                          Three Months Ended  Nine Months Ended
                                               Sept. 30,          Sept. 30,

                                             1999     1998      1999     1998
                                           -------   -------   ------  --------
                                        (In thousands, except per share amounts)


Net Sales                                  $94,490   $87,792 $256,560  $233,206
Net Service Revenues                         4,156     4,221   13,645    12,144
                                            -------   ------- --------  --------
  Total Revenues                            98,646    92,013  270,205   245,350

Cost of Goods Sold                          69,368    62,981  186,162   168,454
Cost of Service Revenues                     2,500     2,600    8,100     7,527
                                            -------   -------  -------   -------
  Gross Profit                              26,778    26,432   75,943    69,369

Selling Expense                             11,619    11,692   34,466    31,831
General and Administrative Expense           5,004     5,000    13712    12,784
Engineering Expense                          3,057     2,199    8,191     6,542
                                             ------    ------  -------   -------
  Operating Profit                           7,098     7,541   19,574    18,212

Interest Expense                              (630)      (42)    (147)     (875)

Other Income (Expense) - net                   (18)      (73)    (173)     (362)
                                             ------    ------  -------   -------

Income Before Income Taxes                   6,450     7,039   17,925    16,975

Income Taxes                                 2,381     2,715    6,732     6,449
                                             -----     ------  -------   -------

Net Income                                  $4,069    $4,324  $11,193   $10,526
                                            =======   ======= ========  ========

Basic and Diluted Earnings per Common Share  $ .46    $ .48    $ 1.26    $ 1.18
                                              =====    =====    ======    ======

Basic Weighted Average Shares Outstanding    8,857    8,920     8,870     8,924
                                             ======   ======    ======    ======

Diluted Weighted Average Share Outstanding   8,888    8,947     8,899     8,951
                                             ======   ======    ======    ======



See the Notes to Condensed Consolidated Financial Statements.


                                        5

<PAGE>



                                  MESTEK, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)
                                                         Nine Months Ended
                                                           September 30,
                                                      1999                 1998
                                                      ----                 ----
                                                        (Dollars in thousands)
Cash Flows from Operating Activities:

   Net Income                                         $11,193           $10,526
   Adjustments to Reconcile Net Income to Net Cash
       Provided by Operating Activities:
   Depreciation and Amortization                        7,800             5,903
   Provision for Losses on Accounts Receivable            414               649
   Change in Assets & Liabilities:
   Cash Flows (Used) by Changes In:
            Assets and Liabilities                    (12,131)           (4,715)
                                                      --------          --------

   Net Cash Provided by Operating Activities            7,276            12,363
                                                      --------          --------

Cash Flows from Investing Activities:
Capital Expenditures                                   (8,425)           (8,571)
Acquisition of Businesses (net of cash acquired)      (25,495)           (3,096)
                                                      --------          --------

Net Cash (Used in) Investing Activities               (33,920)          (11,667)
                                                      --------          --------

Cash Flows from Financing Activities:
   Net Borrowings Under Line of Credit Agreement       26,007            14,308
   Principal Payments Under Long Term Debt Obligations   (109)          (15,111)
   Repurchase of Common Stock                            (988)             (121)
   Increase in Minority Interests                         (11)              174
   Cumulative Translation Adjustments                      (5)              (75)
                                                      --------           -------

Net Cash Provided by (Used In) Financing Activities    24,894              (825)
                                                      --------          --------

Net (Decrease) in Cash and Cash Equivalents            (1,750)             (129)
Cash and Cash Equivalents - Beginning of Period         3,777             2,494
                                                      --------          --------

Cash and Cash Equivalents - End of Period              $2,027            $2,365
                                                      --------          --------

See the Notes to Condensed Consolidated Financial Statements.

                                        6

<PAGE>



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

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



                                     Additional                 Cumulative
                               Common Paid In  Retained Treasury Transl
                                Stock  Capital  Earnings  Shares  Adj.   Total


Balance - January 1, 1998       $479  $15,434  $109,199  ($6,109)($996)$118,007
Net Income                                       16,064                  16,064
Common Stock Repurchased                                    (681)          (681)
Cumulative Translation Adjustment                                  (92)     (92)
                                ----  -------  -------- --------- -----  ------
Balance - December 31, 1998     $479  $15,434  $125,263 ($6,790)($1,088)$133,298

Net Income                                       11,193                  11,193
Common Stock Repurchased                                   (988)           (988)
Cumulative Translation Adjustment                                   (5)      (5)
                                ====  =======  ========  ======== =====  ------

Balance - September 30, 1999    $479  $15,434  $136,456   (7,778)(1,093)$143,498
                                ====  =======  ========  ======== =====  ======







See the Notes to the Condensed Consolidated Financial Statements.


                                                         7

<PAGE>



                                  MESTEK, INC.

            NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (Unaudited)



Note 1 - Significant Accounting Policies

Basis of Presentation

The  condensed  consolidated  financial  statements  include the accounts of the
company and its wholly owned  subsidiaries.  In the opinion of  management,  the
financial  statements  include all  material  adjustments  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  $2,381,000  and  $2,715,000  were
recorded for the three months ended September 30, 1999 and 1998, respectively.

Goodwill

The Company  amortizes  Goodwill on the straight  line basis over the  estimated
period to be benefitted.  The  acquisitions of National  Northeast  Corporation,
National  Southeast  Aluminum  Corporation,  and Heat  Exchangers,  Inc. in 1995
resulted in Goodwill of $11,118,000  which is being amortized over 25 years. The
acquisitions of Rowe Machinery & Automation,  Inc., and Omega Flex, Inc. in 1996
resulted in Goodwill of $7,729,000  which is being amortized over 25 years.  The
acquisition of Hill Engineering,  Inc. on January 31, 1997, resulted in Goodwill
of  $2,892,000  which is being  amortized  over 25  years.  The  acquisition  of
Anemostat,  as  more  fully  described  in  Note  2,  resulted  in  Goodwill  of
approximately  $6,800,000,  which 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.

Reclassification

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



                                                         8

<PAGE>



Note 2 - Business Acquisitions

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

On April 26, 1999, an order was entered in the Bankruptcy Court for the Southern
District of Ohio, whereby the Company's offer to acquire the operating assets of
ACDC, Inc. (ACDC) of New Milford, Ohio, a manufacturer of industrial dampers for
the power generation market,  was approved.  The Company closed this transaction
on May 7, 1999 for $2,554,000.


Note 3 - Merger Agreement

On  May  26,  1999  the  Company  entered  into  a  definitive  agreement,  (The
Agreement),  to merge its wholly owned subsidiary,  MCS, Inc. (MCS) into Simione
Central Holdings,  Inc. (Simione).  Under the terms of the Agreement,  for every
share of outstanding Simione common stock,  Simione will issue .85 shares of its
common stock to the Company.  As a result,  the Company 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 Simione  management intends to seek such consent and
conversion in June 2000.  As a result the Company  would expect to own,  barring
other changes in the capital structure of Simione,  approximately 38% of Simione
after  the  merger  is  completed.  Under  the  terms  of  the  Agreement  MCS's
ProfitWorks segment will be distributed to the Company prior to the merger.

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  shall be  distributed  to the  Mestek  common  stock  shareholders  in a
spin-off  transaction (the Spinoff),  and MCS shall then be merged with and into
SCHI, (the Merger).

In connection with the Amendment, Mestek loaned to SCHI the sum of $3,000,000 on
a  short-term  basis.  Upon  the  closing  of the  above-mentioned  merger,  the
$3,000,000 loan will be

                                                         9

<PAGE>



canceled, and Mestek shall contribute an additional $3,000,000 to the capital of
SCHI in return for newly issued Series B Preferred  Stock of SCHI.  The Series B
Preferred  Stock  issued to Mestek will have voting  rights  equivalent  to 11.2
million  shares of SCHI common  stock.  Mestek  will also  receive as part of it
capital  contribution to SCHI a warrant for the subsequent purchase of 2 million
shares of SCHI common stock.  The Amendment also provides 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.

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

Under the terms of the  Agreement,  if either party  terminates the Agreement in
favor of an  alternative  acquisition  proposal the  terminating  party shall be
obligated  to pay the other party up to  $1,700,000  in  termination  fees.  The
Agreement is subject to regulatory and shareholder  approvals and is expected by
the parties to close prior to the end of January, 2000.


Note 4 - Property and Equipment

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

Land                         $    2,853,000           $    2,395,000
Building                         26,695,000               21,887,000
Leasehold Improvements            4,387,000                4,474,000
Equipment                        93,484,000               78,820,000
                              -------------            -------------
                                127,419,000              107,576,000
Accumulated Depreciation        (58,550,000)             (51,735,000)
                              -------------              ------------

                               $ 68,869,000            $  55,841,000
                               ============             =============











                                                        10

<PAGE>



Note 5 - Long-Term Debt

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

Revolving Loan Agreement       $ 31,628,000                  $ 12,619,000
Other Bonds and Notes Payable     7,458,000                       569,000
                              --------------               ---------------

                                39,086,000                    13,188,000
Less Current Maturities        (38,749,000)                  (12,750,000)
                                ------------                  ------------

                               $   337,000                   $   438,000
                               ===========                   ===========


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

Note Payable - The Company has a Demand Loan facility  with a second  commercial
bank under which the Company can borrow up to $10,000,000 on a LIBOR basis.  The
facility expires on April 1, 2000. Borrowings under the facility were $7,000,000
at September 30, 1999.


Note 6 - Interim Segment Information

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

The  Company  has  four  reportable   segments:   the  manufacture  of  heating,
ventilating  and  air-conditioning  equipment  (HVAC),  the manufacture of metal
handling and metal forming  machinery (Metal  Forming),  the production of metal
products (Metal Products),  and computer software development and system design,
(Computer Software).

The Company's HVAC segment manufactures and sells a wide variety of residential,
commercial and industrial  heating,  cooling,  and air distribution  products to
independent wholesales supply warehouses,  to mechanical,  sheet metal and other
contractors,  and in some  cases  to other  HVAC  manufacturers  under  original
equipment  manufacture  (OEM)  contracts.  The products  include finned tube and
baseboard radiation equipment gas fired heating and ventilating  equipment,  air
damper equipment and related air distribution products and

                                                        11

<PAGE>



commercial and residential  boilers. The products are marketed under a number of
franchise names  including  Sterling,  Beacon Morris,  Smith,  Hydrotherm,  RBI,
Vulcan, Applied Air, Wing, AWV, ABI, Arrow,  Anemostat,  Koldwave, and SpacePak.
Assets  acquired in the Anemostat and ACDC  acquisitions  on March 26, 1999, and
May 7, 1999 respectively,  as more fully described in Note 2, have been added to
the Company's HVAC segment.

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

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

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

Measurement of segment profit or loss and segment assets:

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

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

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









                                                        12

<PAGE>



Nine Months ended
September 30, 1999:

                                            Metal   Metal   Computer
                                     HVAC Products Forming  Software     Totals

Revenues from External Customers  $ 68,678  16,028   9,784   4,156     98,646

Segment Operating Profit             5,098   1,418     403     180      7,099




Nine Months ended
September 30, 1998:

                                             Metal   Metal  Computer
                                      HVAC Products Forming  Software     Totals

Revenues from External Customers  $ 66,035  10,862  10,895     4,221     92,013
Segment Operating Profit             5,395   1,034     619       492      7,540


Note 7 - Earnings Per Common Share

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


Note 8 - Common Stock Buyback Program

During the second quarter of 1999, the Company  acquired 28,702 shares of common
stock in the open  market.  These  shares  have been  accounted  for as treasury
shares.


Note 9 - Stock Option Plans

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





                                                        13

<PAGE>



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

Total  Revenues in the Company's  HVAC segment,  as illustrated in Note 6 to the
Condensed  Consolidated  Financial Statements,  during the third quarter of 1999
were  increased  relative  to the  third  quarter  of  1998,  by 4%,  reflecting
principally  the  effect of the  acquisition  of  Anemostat  on March 26,  1999.
Comparative results for the HVAC segment were negatively impacted by substandard
results from certain of the Company's air distribution  product lines as well as
by Hurricane  Floyd which  disrupted  operations  temporarily  at the  Company's
Farmville,  North  Carolina  facility in  September.  Operating  income for this
segment as a result  decreased  from  $5,395,000 in the third quarter of 1998 to
$5,098,000 in the third quarter of 1999.

Total Revenues in the Company's Metal Products segment, as illustrated in Note 6
to the Condensed  Consolidated  Financial  Statements,  were up 47.6% during the
third  quarter of 1999,  principally  as a result of the  addition of  Boyertown
Foundry  Company  which was  acquired  on November 2, 1998.  In  addition,  this
segment's  Omega Flex  division  continued to expand  sales of it  Trac-Pipe(TM)
flexible gas piping product.  This segment's National Northeast unit experienced
reduced  revenues and  operating  profits  during the quarter,  however,  due to
problems  related  to the  relocation  of its 1,800  ton  extrusion  press  from
Lawrence,  Massachusetts,  to Pelham,  New  Hampshire,  as well as an  equipment
failure  at its  Winter  Haven,  Florida  facility.  Operating  income  for this
segment,  however, result increased from $1,034,000 in the third quarter of 1998
to $1,418,000 in the third quarter of 1999.

Total Revenues in the Company's Metal Forming segment,  as illustrated in Note 6
to the Condensed Consolidated Financial Statement were down 10.1% reflecting the
effect of an  industry-wide  slow-down  in  incoming  orders  for Metal  Forming
Equipment  experienced  primarily in the 3rd and 4th quarters of 1998. Operating
income was  accordingly  reduced from  $619,000 in the third  quarter of 1998 to
$403,000 in the third quarter of 1999.

The Company's  Computer Software segment reported slightly reduced revenues and
operating
income  owing in part to increased  spending on product  support and development
initiatives.  The medical  information  software  products  and services of this
segment  are the  subject of the merger  agreement  set forth in Note 3 to these
Condensed Consolidated Financial Statements on page 9.

For the Company as a whole, Sales,  General and Administrative,  and Engineering
costs, taken together as a percentage of Total Revenues, were slightly decreased
from 20.53% to 19.95%, reflecting the overall effect of growth.

Operating  income  for the  third  quarter  of 1999 for the  Company  as a whole
decreased by $443,000 or 5.9% reflecting the net effect of the factors mentioned
above.

The Company's total debt (long-term debt plus current portion of long-term debt)
decreased by 2.9% or 1.1 million  during the quarter  ended  September  30, 1999
reflecting  principally  the  effect of  positive  cash  flow  from  operations.
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.








                                                        14

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                                            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,
                                           -------------      -------------
                                       1999         1998     1999         1998
                                       ----         ----     ----         ----
            (Amounts in thousands, except earnings per common shares)


Net income for earnings per share      $4,069      $4,324   $11,193    $10,526
                                       ======      ======   =======    =======
Basic weighted average
     number of common share             8,857       8,920     8,870     8,924
                                      =======     =======   =======   =======

Basic earnings per common share      $    .46    $    .48   $  1.26   $  1.18
                                     ========    ========   =======   =======

Diluted weighted average number of
     common share outstanding           8,888       8,947     8,899     8,951
                                      =======     =======  ======== =========
Diluted earnings per common share    $    .46    $    .48   $  1.26  $   1.18
                                     ========    ========  ========  ========


                                                     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 5, 1999

                                           /S/ Stephen M. Shea
                                               Stephen M. Shea
                                               Senior Vice President - Finance
                                               (Chief Financial Officer)
                                                       15

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