Exhibit 99.2

CRANE CO.

Income Statement Data

(in thousands, except per share data)

	Three Months Ended March 31,
	2006			2005
Net Sales:
Aerospace & Electronics	$	142,440		$	133,581
Engineered Materials		85,950			80,798
Merchandising Systems		52,557			43,753
Fluid Handling		245,348			228,552
Controls		23,243			20,516
Intersegment Elimination		(155	)		(139	)
Total Net Sales	$	549,383		$	507,061
Operating Profit:
Aerospace & Electronics	$	22,474		$	15,950
Engineered Materials		15,739			16,858
Merchandising Systems		3,752			3,781
Fluid Handling		24,356			12,424
Controls		2,592			1,759
Corporate		(11,698	)		(8,922	)
Total Operating Profit		57,215			41,850
Interest Income		708			341
Interest Expense		(5,527	)		(5,720	)
Miscellaneous- Net		1,261			282
Income Before Income Taxes		53,657			36,753
Provision for Income Taxes		16,258			11,755
Net Income	$	37,399		$	24,998
Share Data:
Net Income Per Diluted Share	$	0.61		$	0.42
Average Diluted Shares Outstanding		61,801			60,070
Average Basic Shares Outstanding		60,718			59,455
Supplemental Data:
Cost of Sales	$	371,501		$	351,641
Selling, General & Administrative		120,667			113,570
Depreciation and Amortization *		15,265			12,344
Stock Compensation Expense		4,082			2,953

* Amount included within cost of sales and selling, general & administrative costs.

CRANE CO.

Condensed Balance Sheets

(in thousands)

	March 31, 2006		December 31, 2005
ASSETS
Current Assets
Cash and Cash Equivalents	$	96,501	$	180,392
Accounts Receivable		315,063		289,521
Inventories		284,884		272,354
Other Current Assets		58,610		56,128
Total Current Assets		755,058		798,395
Property, Plant and Equipment		265,104		263,791
Insurance Receivable - Asbestos		222,833		224,600
Other Assets		315,842		284,345
Goodwill		608,535		568,355
Total Assets	$	2,167,372	$	2,139,486
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Notes Payable and Current Maturities of Long-Term Debt	$	189	$	254
Accounts Payable		150,690		149,647
Current Asbestos Liability		55,000		55,000
Accrued Liabilities		167,870		174,366
Income Taxes		24,135		19,322
Total Current Liabilities		397,884		398,589
Long-Term Debt		293,616		293,248
Deferred Tax Liability		73,306		71,406
Long-Term Asbestos Liability		515,762		526,830
Other Liabilities		96,989		96,119
Shareholders’ Equity		789,815		753,294
Total Liabilities and Shareholders’ Equity	$	2,167,372	$	2,139,486

CRANE CO.

Condensed Statements of Cash Flows

(in thousands)

	Three Months Ended March 31,
	2006			2005
Operating Activities:
Net income	$	37,399		$	24,998
Income from joint venture		(1,761	)		(1,198	)
Depreciation and amortization		15,265			12,344
Stock-based compensation expense		4,082			2,953
Cash used for operating working capital		(32,899	)		(45,021	)
Other		4,196			978
Subtotal		26,282			(4,946	)
Payments for asbestos-related fees and costs, net		(9,300	)		(10,824	)
Refund associated with terminated Master Settlement Agreement		—			9,925
Total provided by (used for) operating activities		16,982			(5,845	)
Investing Activities:
Capital expenditures		(8,390	)		(5,575	)
Proceeds from disposition of capital assets		1,236			255
Payment for acquisition, net of cash acquired		(85,338	)		—
Total used for investing activities		(92,492	)		(5,320	)
Financing Activities:
Dividends paid		(7,623	)		(5,955	)
Common shares acquired on the open market		(12,041	)		—
Stock options exercised - net of shares reacquired		8,396			1,761
Excess tax benefit from stock-based compensation		1,716			—
Repayment of debt, net		(202	)		(1,684	)
Total used for financing activities		(9,754	)		(5,878	)
Effect of exchange rate on cash and cash equivalents		1,373			(1,107	)
Decrease in cash and cash equivalents		(83,891	)		(18,150	)
Cash and cash equivalents at beginning of period		180,392			50,727
Cash and cash equivalents at end of period	$	96,501		$	32,577

CRANE CO.

Order Backlog

(in thousands)

	March 31, 2006		December 31, 2005		March 31, 2005
Aerospace & Electronics	$	364,539	$	365,010	$	367,472
Engineered Materials		16,972		17,241		19,414
Merchandising Systems		14,838		9,183		9,469
Fluid Handling		205,741		188,832		200,578
Controls		19,480		16,864		15,625
Total Backlog	$	621,570	$	597,130	$	612,558

CRANE CO.

Non-GAAP Financial Measures

(in thousands)

	March 31, 2006			December 31, 2005
BALANCE SHEET ITEMS
Notes Payable and Current Maturities of Long-Term Debt	$	189		$	254
Long-Term Debt		293,616			293,248
Total Debt		293,805			293,502
Less Cash and Cash Equivalents		(96,501	)		(180,392	)
Net Debt		197,304			113,110
Shareholders’ Equity		789,815			753,294
Total Capitalization	$	987,119		$	866,404
Percentage of Net Debt to Total Capitalization		20.0	%		13.1	%

	Three Months Ended March 31,						Year Ended December 31,
	2006			2005			2006
							(Estimated)
CASH FLOW ITEMS
Cash Provided from (Used by) Operating Activities before Asbestos - Related Payments	$	26,282		($	4,946	)	$	260,000
Net Asbestos Payments *		(9,300	)		(10,824	)		(45,000	)
Refund Associated with Terminated Master Settlement Agreement		—			9,925			—
Cash Provided from (Used by) Operating Activities		16,982			(5,845	)		215,000
Less: Capital Expenditures		(8,390	)		(5,575	)		(30,000	)
Free Cash Flow	$	8,592		($	11,420	)	$	185,000

* Includes certain legal fees and expenses relating to the terminated Master Settlement Agreement amounting to $5.1 million in 2005, of which $3.6 million was incurred in the first quarter of 2005.

Certain non-GAAP measures have been provided to facilitate comparison with the prior year.

Free cash flow provides supplemental information to assist management and investors in analyzing the Company’s ability to generate positive cash flow. Free cash flow is considered a measure of cash generation and should be considered in addition to, but not as a substitute for, other measures reported in accordance with generally accepted accounting principles and may be inconsistent with similar measures presented by other companies.