Exhibit 99.2

CRANE CO.

Income Statement Data

(in thousands, except per share data)

	Three Months Ended December 31,				Twelve Months Ended December 31,
	2007		2006		2007		2006
Net Sales:
Aerospace & Electronics	$	161,296	$	145,892	$	628,859	$	566,372
Engineered Materials		74,850		69,328		331,030		309,258
Merchandising Systems		91,838		78,253		388,227		257,818
Fluid Handling		300,860		255,302		1,135,843		999,413
Controls		37,119		32,877		135,212		124,028
Total Net Sales	$	665,963	$	581,652	$	2,619,171	$	2,256,889
Operating Profit (Loss):
Aerospace & Electronics	$	17,695	$	25,767	$	86,176	$	99,181
Engineered Materials		8,626		11,700		58,339		50,252
Merchandising Systems		8,386		428		39,684		17,529
Fluid Handling		38,154		22,780		140,168		107,377
Foundry Restructuring		19,083		—		19,083		—
Total Fluid Handling		57,237		22,780		159,251		107,377
Controls		1,570		2,699		9,901		10,052
Corporate		(9,837)		(9,909)		(51,945)		(36,455)
Environmental Provision		(18,912)		—		(18,912)		—
Asbestos Provision		—		—		(390,150)		—
Total Operating Profit (Loss)		64,765		53,465		(107,656)		247,936
Interest Income		2,422		2,776		6,259		4,939
Interest Expense		(6,790)		(6,748)		(27,404)		(23,015)
Miscellaneous—Net		6,313		2,333		9,906		9,474
Income (Loss) Before Income Taxes		66,710		51,826		(118,895)		239,334
Provision for Income Taxes		21,483		13,844		(56,553)		73,447
Net Income (Loss)	$	45,227	$	37,982	$	(62,342)	$	165,887
Share Data:
Net Income (Loss) per Diluted Share	$	0.74	$	0.61	$	(1.04)	$	2.67
Average Diluted Shares Outstanding		61,221		61,880		60,037		62,103
Average Basic Shares Outstanding		60,093		60,839		60,037		60,906
Supplemental Data:
Cost of Sales—Operations	$	454,597	$	399,657	$	1,776,157	$	1,525,633
Environmental Provision		18,912		—		18,912		—
Asbestos Provision		—		—		390,150		—
Selling, General & Administrative		146,762		128,530		560,681		483,320
Foundry Restructuring		19,083		—		19,083		—
Depreciation and Amortization		16,570		15,229		61,310		54,285
Stock Compensation Expense		4,074		3,595		15,247		14,883

CRANE CO.

Condensed Balance Sheets

(in thousands)

	December 31, 2007		December 31, 2006
ASSETS
Current Assets
Cash and Cash Equivalents	$	283,370	$	138,607
Accounts Receivable		345,176		330,146
Current Insurance Receivable—Asbestos		33,600		52,500
Inventories		327,719		313,259
Other Current Assets		47,757		45,897
Total Current Assets		1,037,622		880,409
Property, Plant and Equipment		292,683		289,555
Long-Term Insurance Receivable—Asbestos		306,557		170,400
Long-Term Deferred Tax Assets		220,370		171,164
Other Assets		253,510		214,220
Goodwill		766,550		704,736
Total Assets	$	2,877,292	$	2,430,484
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Notes Payable and Current Maturities of Long-Term Debt	$	548	$	9,505
Accounts Payable		177,978		161,270
Current Asbestos Liability		84,000		70,000
Accrued Liabilities		230,295		196,723
Income Taxes		731		24,428
Total Current Liabilities		493,552		461,926
Long-Term Debt		398,301		391,760
Deferred Tax Liability		31,880		89,595
Long-Term Asbestos Liability		942,776		459,567
Other Liabilities		125,980		109,033
Shareholders’ Equity		884,803		918,603
Total Liabilities and Shareholders’ Equity	$	2,877,292	$	2,430,484

CRANE CO.

Condensed Statements of Cash Flows

(in thousands)

	Three Months Ended December 31,						Twelve Months Ended December 31,
	2007			2006			2007			2006
Operating Activities:
Net income	$	45,227		$	37,982		$	(62,342	)	$	165,887
Asbestos provision		—			—			390,150			—
Environmental provision		18,912			—			18,912			—
Foundry restructuring		(27,838	)		—			(27,838	)		—
Gain on sale of joint venture		(4,144	)		—			(4,144	)		—
Income from joint venture		(1,524	)		(1,116	)		(5,322	)		(5,641	)
Loss/(Gain) on divestitures		—			453			975			(8,478	)
Depreciation and amortization		16,570			15,229			61,310			54,285
Stock-based compensation expense		4,074			3,595			15,247			14,883
Deferred income taxes		27,602			95			(112,641	)		5,049
Cash (used for) provided by operating working capital		32,210			34,782			(7,322	)		(835	)
Other		(7,065	)		(1,635	)		(23,954	)		(2,892	)
Subtotal		104,024			89,385			243,031			222,258
Asbestos related payments, net of insurance recoveries		(17,509	)		(10,606	)		(10,198	)		(40,563	)
Total provided by operating activities		86,515			78,779			232,833			181,695
Investing Activities:
Capital expenditures		(13,757	)		(4,859	)		(47,169	)		(27,171	)
Proceeds from sale of equity investment		32,996			—			32,996			—
Proceeds from disposition of capital assets		36,827			1,786			48,437			5,103
Proceeds from divestitures		—			—			2,005			26,088
Payment for acquisition, net of cash acquired		(332	)		(47,903	)		(65,498	)		(282,637	)
Total used for investing activities		55,734			(50,976	)		(29,229	)		(278,617	)
Financing Activities:
Dividends paid		(10,823	)		(9,131	)		(39,651	)		(33,596	)
Reacquisition of shares on the open market		—			(22,499	)		(50,001	)		(59,998	)
Stock options exercised—net of shares reacquired		4,955			2,264			15,057			22,870
Excess tax benefit from stock-based compensation		2,897			113			6,978			7,688
Issuance of Debt		—			25,087			—			96,377
Net increase / decrease in short-term debt		(24,184	)		9,173			(8,992	)		9,228
Total used for financing activities		(27,155	)		5,007			(76,609	)		42,569
Effect of exchange rate on cash and cash equivalents		6,028			6,720			17,768			12,568
Increase (decrease) in cash and cash equivalents		121,122			39,530			144,763			(41,785	)
Cash and cash equivalents at beginning of period		162,248			99,077			138,607			180,392
Cash and cash equivalents at end of period	$	283,370		$	138,607		$	283,370		$	138,607

CRANE CO.

Order Backlog

(in thousands)

	December 31, 2007		December 31, 2006
Aerospace & Electronics	$	392,822	$	396,799
Engineered Materials		14,802		13,198
Merchandising Systems		34,093		33,170
Fluid Handling		242,591		210,532
Controls		35,273		22,982
Total Backlog	$	719,581	$	676,681

CRANE CO.

Non-GAAP Financial Measures

(in thousands, except for per share amounts)

	Three Months Ended December 31,						Twelve Months Ended December 31,						Percent Change Three and Twelve Months Ended December 31,
	2007			2006			2007			2006			2007		2007
INCOME ITEMS
Net Sales	$	665,963		$	581,652		$	2,619,171		$	2,256,889		14.5	%	16.1	%
Operating Profit (Loss) - GAAP	$	64,765		$	53,465		$	(107,656	)	$	247,936
Special Items impacting Operating Profit:
Asbestos Provision - Pre-Tax (a)		—			—			390,150			—
Environmental Provision (b)		18,912			—			18,912
Environmental Reimbursement (c)											(4,900	)
Foundry Restructuring Gain - Pre-Tax (d)		(19,083	)		—			(19,083	)		—
Government Settlement - Pre-Tax (e)		—			—			7,600			—
Operating Profit before Special Items - Non-GAAP	$	64,594		$	53,465		$	289,923		$	243,036		20.8	%	19.3	%
Percentage of Sales		9.7	%		9.2	%		11.1	%		10.8	%
Net Income (Loss) - GAAP	$	45,227		$	37,982		$	(62,342	)	$	165,887
Per Share	$	0.74		$	0.61		$	(1.04	)	$	2.67
Special Items impacting Net Income:
Asbestos Provision - Net of Tax (a)		3,597			—			253,597			—
Per Share	$	0.06					$	4.22
Environmental Provision - Net of Tax (b)		12,293			—			12,293			—
Per Share	$	0.20					$	0.20
Environmental Reimbursement - Net of Tax (c)											(3,185	)
Per Share										$	(0.05	)
Foundry Restructuring Gain - Net of Tax (d)		(18,402	)		—			(18,402	)		—
Per Share	$	(0.30	)		—		$	(0.31	)
Government Settlement - Net of Tax (e)		—			—			5,396			—
Per Share							$	0.09
Gain on Sale of Partnership Interest - Net of Tax (f)		(5,846	)		—			(5,846	)		—
Per Share	$	(0.10	)				$	(0.10	)
Tax Provision on Undistributed Foreign Earnings (g)		10,400			—			10,400			—
Per Share	$	0.17					$	0.17
Net Gain on Divestitures - Net of Tax (h)		—			—			—			(1,779	)
Per Share										$	(0.03	)
Net Income before Special Items - Non-GAAP	$	47,269		$	37,982		$	195,096		$	160,923		24.5	%	21.2	%
Per Basic Share	$	0.79		$	0.62		$	3.25		$	2.64
Per Diluted Share	$	0.77		$	0.61		$	3.19		$	2.59		25.8	%	23.2	%

In the twelve months ended December 31, 2007, Average Shares Outstanding excluding the effect of diluted stock options were used to compute the per share amounts since this period was in a loss position. Had net income been reported for the period, Average Shares Outstanding would have included the effect of diluted stock options when computing the per share amount (see chart below).

Average Basic Shares Outstanding	60,037
Effect of Diluted Stock Options	1,093
Average Shares Outstanding including the effect of Stock Options	61,130

When considering the effect of dilutive stock options on shares outstanding, Net Income before Special Items is $3.19 per share for the twelve months ended December 31, 2007.

	Three Months Ended December 31,					Twelve Months Ended December 31,						Full Year Guidance 2008
	2007			2006		2007			2006			Low		High
EBITDA (Non-GAAP)
Net Income (Loss)	$	45,227		$	37,982	$	(62,342	)	$	165,887		$	214,500	$	224,000
Non-GAAP Adjustments:
Depreciation and amortization		16,570			15,229		61,310			54,285			69,000		69,000
Amortization of stock based compensation		4,074			3,595		15,247			14,883			15,700		15,700
Asbestos provision - pre-tax (a)		—			—		390,150			—			—		—
Environmental provision (b)		18,912			—		18,912						—		—
Environmental Reimbursement (c)		—			—		—			(4,900	)		—		—
Foundry restructuring gain - pre-tax (d)		(19,083	)		—		(19,083	)		—			—		—
Government settlement - pre-tax (e)		—			—		7,600			—			—		—
Gain on sale of partnership interest - pre-tax (f)		(4,144	)		—		(4,144	)		—			—		—
Interest expense, net		4,368			3,972		21,145			18,076			15,300		15,300
Provision for income taxes		21,483			13,844		(56,553	)		73,447			96,400		100,600
EBITDA	$	87,407		$	74,622	$	372,242		$	321,678		$	410,900	$	424,600

(a) During the three months ended September 30, 2007, the Company recorded an asbestos provision of $390 million. During the three months ended December 31, 2007, the Company recorded a tax expense related to the previously recorded Asbestos Provision recorded in the previous quarter.

(b) During the three months ended December 31, 2007, the Company recorded a charge related to an increase in the Company’s expected liability at its Goodyear, AZ Superfund site.

(c) During the three months ended September 30, 2006, the Company recorded a reimbursement from the US Government for environmental clean-up costs.

(d) During the three months ended December 31, 2007, the Company recorded a net restructuring gain related to the consolidation of its remaining foundry operations in the UK and Canada.

(e) During the three months ended June 30, 2007, the Company recorded a settlement with the US Government, regarding alleged civil violations of the False Claims Act.

(f) During the three months ended December 31, 2007, the Company recorded a gain on the sale of its share of the Industrial Motion Control, LLC joint venture.

(g) During the three months ended December 31, 2007, the Company recorded an income tax provision related to the potential repatriation of foreign cash.

(h) During the three months ended June 30, 2006, the Company recorded a gain of $4.5 million related to the divestiture of two businesses, which was offset by a $2.7 million charge related to the sale of unused property resulting from prior plant consolidations and certain legal costs associated with previous divestitures.

CRANE CO.

Non-GAAP Financial Measures

(in thousands, except for per share amounts)

	December 31, 2007			December 31, 2006
BALANCE SHEET ITEMS
Notes Payable and Current Maturities of Long-Term Debt	$	548		$	9,505
Long-Term Debt		398,301			391,760
Total Debt		398,849			401,265
Less Cash and Cash Equivalents		(283,370	)		(138,607	)
Net Debt		115,479			262,658
Shareholders’ Equity		884,803			918,603
Net Capitalization	$	1,000,282		$	1,181,261
Percentage of Net Debt to Net Capitalization		11.5	%		22.2	%
Shareholders’ Equity	$	884,803		$	918,603
Asbestos Provision, Net of Tax		253,597			—
Shareholders’ Equity before Asbestos Provision, Net of Tax		1,138,400			918,603
Net Debt		115,479			262,658
Net Capitalization before Asbestos Provision, Net of Tax	$	1,253,879		$	1,181,261
Percentage of Net Debt to Net Capitalization before Asbestos
Provision, Net of Tax		9.2	%		22.2	%

	Three Months Ended December 31						Twelve Months Ended December 31						Full Year Guidance 2008
	2007			2006			2007			2006
CASH FLOW ITEMS
Cash Provided from Operating Activities before Asbestos - Related Payments, Net of Insurance	$	104,024		$	89,385		$	243,031		$	222,258		$	275,000
Asbestos Related Payments, Net of Insurance Recoveries		(17,509	)		(10,606	)		(41,698	)		(40,563	)		(55,000	)
Equitas Receipts		—			—			31,500			—			—
Cash Provided from Operating Activities		86,515			78,779			232,833			181,695			220,000
Less: Capital Expenditures		(13,757	)		(4,859	)		(47,169	)		(27,171	)		(50,000	)
Free Cash Flow	$	72,758		$	73,920		$	185,664		$	154,524		$	170,000

The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). However, management believes that non-GAAP financial measures which exclude certain non-recurring items present additional useful comparisons between current results and results in prior operating periods, providing investors with a clearer view of the underlying trends of the business. Management also uses these non-GAAP financial measures in making financial, operating, planning and compensation decisions and in evaluating the Company’s performance. In addition, Free Cash Flow and EBITDA provide supplemental information to assist management and investors in analyzing the Company’s ability to generate positive cash flow. Non-GAAP financial measures, which may be inconsistent with similarly captioned measures presented by other companies, should be viewed in addition to, and not as a substitute for, the Company’s reported results prepared in accordance with GAAP.