Exhibit 99.2

CRANE CO.

Income Statement Data

(in thousands, except per share data)

	Three Months Ended December 31,						Year Ended December 31,
	2006			2005			2006			2005
Net Sales:*
Aerospace & Electronics	$	145,892		$	140,488		$	566,372		$	536,829
Engineered Materials		69,328			69,274			309,258			304,824
Merchandising Systems		78,253			36,248			257,818			166,298
Fluid Handling		255,411			230,924			999,867			937,097
Controls		32,877			29,525			124,028			116,810
Intersegment Elimination		(109	)		(121	)		(454	)		(609	)
Total Net Sales	$	581,652		$	506,338		$	2,256,889		$	2,061,249
Operating Profit:*
Aerospace & Electronics	$	25,767		$	25,224		$	99,181		$	84,982
Engineered Materials		11,700			12,147			50,252			62,982
Merchandising Systems		428			1,434			17,529			12,797
Fluid Handling		22,780			22,266			107,377			76,240
Controls		2,699			2,498			10,052			8,320
Corporate		(9,909	)		(8,454	)		(36,455	)		(31,699	)
Total Operating Profit		53,465			55,115			247,936			213,622
Interest Income		2,776			1,368			4,939			2,372
Interest Expense		(6,748	)		(5,391	)		(23,015	)		(22,416	)
Miscellaneous- Net		2,333			101			9,474			2,945
Income Before Income Taxes		51,826			51,193			239,334			196,523
Provision for Income Taxes		13,844			15,870			73,447			60,486
Net Income	$	37,982		$	35,323		$	165,887		$	136,037
Share Data:
Net Income per Diluted Share	$	0.61		$	0.58		$	2.67		$	2.25
Average Diluted Shares Outstanding		61,880			60,928			62,103			60,413
Average Basic Shares Outstanding		60,839			60,233			60,906			59,816
Supplemental Data:
Cost of Sales	$	399,657		$	347,630		$	1,525,633		$	1,418,662
Selling, General & Administrative		128,530			103,593			483,320			428,965
Depreciation and Amortization **		15,229			11,502			54,285			48,011
Stock Compensation Expense		3,595			1,252			14,883			7,704

* Segment amounts reflect changes for 2005 and 2006 with Wireless Monitoring Systems and Crane Environmental business units included in the Controls Segment which were previously included in the Aerospace & Electronics and the Fluid Handling Segments, respectively. See separate Net Sales and Operating Profit worksheets for quarterly results from 2003 to 2006 reflecting the move of these business units to the Control Segment.

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

CRANE CO.

Condensed Balance Sheets

(in thousands)

	December 31, 2006		December 31, 2005
ASSETS
Current Assets
Cash and Cash Equivalents	$	138,607	$	180,392
Accounts Receivable		330,146		279,521
Inventories		313,259		272,354
Current Insurance Receivable - Asbestos		52,500		10,000
Other Current Assets		45,897		56,128
Total Current Assets		880,409		798,395
Property, Plant and Equipment		289,555		263,791
Long-Term Insurance Receivable - Asbestos		170,400		224,600
Other Assets		385,384		284,345
Goodwill		704,736		568,355
Total Assets	$	2,430,484	$	2,139,486
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Notes Payable and Current Maturities of Long-Term Debt	$	9,505	$	254
Accounts Payable		161,270		149,647
Current Asbestos Liability		70,000		55,000
Accrued Liabilities		196,723		174,366
Income Taxes		24,428		19,322
Total Current Liabilities		461,926		398,589
Long-Term Debt		391,760		293,248
Deferred Tax Liability		89,595		71,406
Long-Term Asbestos Liability		459,567		526,830
Other Liabilities		109,033		96,119
Shareholders’ Equity		918,603		753,294
Total Liabilities and Shareholders’ Equity	$	2,430,484	$	2,139,486

CRANE CO.

Condensed Statements of Cash Flows

(in thousands)

	Three Months Ended December 31,						Year Ended December 31,
	2006			2005			2006			2005
Operating Activities:
Net income	$	37,982		$	35,323		$	165,887		$	136,037
Income from joint venture		(1,116	)		(1,489	)		(5,641	)		(5,965	)
Loss (Gain) on divestitures		453			—			(8,478	)		—
Depreciation and amortization		15,229			11,502			54,285			48,011
Stock-based compensation expense		3,595			1,252			14,883			7,704
Cash (used for) provided by operating working capital		34,782			40,095			(835	)		5,032
Other		(1,540	)		11,474			2,157			26,139
Subtotal		89,385			98,157			222,258			216,958
Asbestos related payments, net of insurance recoveries		(10,606	)		(20,782	)		(40,563	)		(45,338	)
Refund associated with terminated Master Settlement Agreement		—			—			—			9,925
Total provided by operating activities		78,779			77,375			181,695			181,545
Investing Activities:
Capital expenditures		(4,859	)		(9,530	)		(27,171	)		(27,164	)
Proceeds from disposition of capital assets		1,786			4,770			5,103			6,339
Proceeds from divestitures		—			—			26,088			—
Payments for acquisitions, net of cash acquired		(47,903	)		(1,666	)		(282,637	)		(8,823	)
Total used for investing activities		(50,976	)		(6,426	)		(278,617	)		(29,648	)
Financing Activities:
Dividends paid		(9,131	)		(7,533	)		(33,596	)		(26,962	)
Common shares acquired on the open market		(22,499	)		—			(59,998	)		—
Stock options exercised - net of shares reacquired		2,264			7,990			22,870			18,624
Excess tax benefit from stock-based compensation		113			—			7,688			—
Issuance of debt		245,228			—			316,928			—
Repayment of debt, net		(210,968	)		(1,427	)		(211,323	)		(4,843	)
Total provided by (used for) financing activities		5,007			(970	)		42,569			(13,181	)
Effect of exchange rate on cash and cash equivalents		6,720			(3,191	)		12,568			(9,051	)
Increase (decrease) in cash and cash equivalents		39,530			66,788			(41,785	)		129,665
Cash and cash equivalents at beginning of period		99,077			113,604			180,392			50,727
Cash and cash equivalents at end of period	$	138,607		$	180,392		$	138,607		$	180,392

CRANE CO.

Order Backlog

(in thousands)

	December 31, 2006		September 30, 2006		June 30, 2006		March 31, 2006		December 31, 2005
Aerospace & Electronics	$	396,799	$	372,601	$	370,267	$	363,443	$	361,920
Engineered Materials		13,198		13,162		18,617		16,972		17,241
Merchandising Systems		33,170		18,637		15,190		14,838		9,183
Fluid Handling		210,532		204,157		198,651		202,739		186,727
Controls		22,982		30,396		34,161		23,578		22,059
Total Backlog	$	676,681	$	638,953	$	636,886	$	621,570	$	597,130

CRANE CO.

Non-GAAP Financial Measures

(in thousands)

	December 31, 2006			December 31, 2005
BALANCE SHEET ITEMS
Notes Payable and Current Maturities of Long-Term Debt	$	9,505		$	254
Long-Term Debt		391,760			293,248
Total Debt		401,265			293,502
Less Cash and Cash Equivalents		(138,607	)		(180,392	)
Net Debt		262,658			113,110
Shareholders’ Equity		918,603			753,294
Total Capitalization	$	1,181,261		$	866,404
Percentage of Net Debt to Total Capitalization		22.2	%		13.1	%

	Three Months Ended December 31,						Year Ended December 31,
	2006			2005			2007	2006			2005
							(Estimated)
CASH FLOW ITEMS
Cash Provided from Operating Activities before Asbestos - Related Payments	$	89,385		$	98,157		$240,000 - 255,000	$	222,258		$	216,958
Asbestos Related Payments, Net of Insurance Recoveries *		(10,606	)		(20,782	)	(51,500)		(40,563	)		(46,838	)
Equitas Receipts							31,500					1,500
Refund Associated with Terminated Master Settlement Agreement		—			—		—		—			9,925
Cash Provided from Operating Activities		78,779			77,375		$220,000 - 235,000		181,695			181,545
Less: Capital Expenditures		(4,859	)		(9,530	)	(45,000)		(27,171	)		(27,164	)
Free Cash Flow	$	73,920		$	67,845		$175,000 - 190,000	$	154,524		$	154,381

* Includes certain legal fees and expenses relating to the terminated Master Settlement Agreement amounting to $5.1 million for the full year of 2005 and $.3 million in the fourth 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.

CRANE CO.

Net Sales - Realigned Segments *

(in thousands)

	Three Months Ended,												Year
	March 31			June 30			September 30			December 31
2006
Aerospace & Electronics	$	139,540		$	141,453		$	139,487		$	145,892		$	566,372
Engineered Materials		85,949			82,345			71,636			69,328			309,258
Merchandising Systems		52,556			53,625			73,384			78,253			257,818
Fluid Handling		242,179			249,995			252,282			255,411			999,867
Controls		29,329			30,904			30,918			32,877			124,028
Intersegment Elimination		(171	)		(171	)		(3	)		(109	)		(454	)
Total	$	549,382		$	558,151		$	567,704		$	581,652		$	2,256,889
2005
Aerospace & Electronics	$	129,322		$	129,731		$	137,288		$	140,488		$	536,829
Engineered Materials		80,798			79,194			75,558			69,274			304,824
Merchandising Systems		43,753			45,687			40,610			36,248			166,298
Fluid Handling		224,883			241,864			239,426			230,924			937,097
Controls		28,488			29,297			29,500			29,525			116,810
Intersegment Elimination		(183	)		(154	)		(151	)		(121	)		(609	)
Total	$	507,061		$	525,619		$	522,231		$	506,338		$	2,061,249
2004
Aerospace & Electronics	$	116,786		$	123,511		$	122,930		$	133,932		$	497,159
Engineered Materials		69,010			74,321			69,913			62,942			276,186
Merchandising Systems		39,450			42,591			44,078			43,086			169,205
Fluid Handling		199,978			214,217			212,647			218,966			845,808
Controls		23,214			24,596			28,074			26,940			102,824
Intersegment Elimination		(133	)		(130	)		(320	)		(264	)		(847	)
Total	$	448,305		$	479,106		$	477,322		$	485,602		$	1,890,335
2003
Aerospace & Electronics	$	87,374		$	102,807		$	108,654		$	122,184		$	421,019
Engineered Materials		62,886			58,278			64,317			54,739			240,220
Merchandising Systems		37,606			39,869			40,396			37,418			155,289
Fluid Handling		169,687			184,297			190,484			188,729			733,197
Controls		19,069			20,834			21,543			25,299			86,745
Intersegment Elimination		(152	)		(112	)		(103	)		(112	)		(479	)
Total	$	376,470		$	405,973		$	425,291		$	428,257		$	1,635,991

* Segment amounts reflect changes for 2003 - 2006 with Wireless Monitoring Systems and Crane Environmental business units included in the Controls Segment which were previously included in the Aerospace & Electronics and the Fluid Handling Segments, respectively.

CRANE CO.

Operating Profit - Realigned Segments *

(in thousands)

	Three Months Ended,												Year
	March 31			June 30			September 30			December 31
2006
Aerospace & Electronics	$	22,406		$	25,967		$	25,041		$	25,767		$	99,181
Engineered Materials		15,740			13,151			9,661			11,700			50,252
Merchandising Systems		3,752			4,462			8,887			428			17,529
Fluid Handling		25,478			29,931			29,188			22,780			107,377
Controls		1,540			3,254			2,559			2,699			10,052
Corporate		(11,698	)		(10,675	)		(4,173	)		(9,909	)		(36,455	)
Total	$	57,218		$	66,090		$	71,163		$	53,465		$	247,936
2005
Aerospace & Electronics	$	15,490		$	18,197		$	26,071		$	25,224		$	84,982
Engineered Materials		16,858			18,286			15,691			12,147			62,982
Merchandising Systems		3,782			4,052			3,529			1,434			12,797
Fluid Handling		12,867			20,174			20,933			22,266			76,240
Controls		1,776			1,747			2,299			2,498			8,320
Corporate		(8,923	)		(7,558	)		(6,764	)		(8,454	)		(31,699	)
Total	$	41,850		$	54,898		$	61,759		$	55,115		$	213,622
2004
Aerospace & Electronics	$	19,973		$	23,653		$	23,059		$	24,524		$	91,209
Engineered Materials		15,531			15,782			13,283			9,476			54,072
Merchandising Systems		474			3,121			4,170			1,957			9,722
Fluid Handling		8,959			15,363			15,649			13,149			53,120
Controls		906			1,071			2,398			1,627			6,002
Corporate		(7,165	)		(8,235	)		(7,928	)		(4,493	)		(27,821	)
Asbestos Charge								(321,813	)		14,019			(307,794	)
Environmental Charge								(40,000	)					(40,000	)
Total	$	38,678		$	50,755		$	(311,182	)	$	60,259		$	(161,490	)
2003
Aerospace & Electronics	$	16,871		$	23,226		$	22,522		$	32,859		$	95,478
Engineered Materials		12,964			11,674			13,295			10,203			48,136
Merchandising Systems		(2,118	)		1,322			2,064			1,498			2,766
Fluid Handling		8,231			14,389			11,850			10,924			45,394
Controls		(400	)		346			863			2,521			3,330
Corporate		(7,369	)		(8,046	)		(5,825	)		(4,852	)		(26,092	)
Total	$	28,179		$	42,911		$	44,769		$	53,153		$	169,012

* Segment amounts reflect changes for 2003 - 2006 with Wireless Monitoring Systems and Crane Environmental business units included in the Controls Segment which were previously included in the Aerospace & Electronics and the Fluid Handling Segments, respectively.