Exhibit 99.2

CRANE CO.

Income Statement Data

(in thousands, except per share data)

	Three Months Ended June 30,						Six Months Ended June 30,
	2008			2007			2008			2007
Net Sales:
Aerospace & Electronics	$	165,928		$	160,172		$	324,379		$	308,564
Engineered Materials		72,937			87,712			155,710			175,461
Merchandising Systems		116,233			100,563			229,737			197,927
Fluid Handling		301,100			281,206			589,600			544,157
Controls		37,284			31,244			72,924			63,006
Total Net Sales	$	693,482		$	660,897		$	1,372,350		$	1,289,115
Operating Profit (Loss):
Aerospace & Electronics	$	18,487		$	24,365		$	34,482		$	45,391
Engineered Materials		8,100			17,933			19,754			33,971
Merchandising Systems		17,339			11,912			31,477			21,543
Fluid Handling		46,556			33,396			91,318			64,537
Controls		3,547			2,855			4,847			5,202
Corporate*		(7,758	)		(18,664	)		(20,258	)		(30,448	)
Total Operating Profit (Loss)		86,271			71,797			161,620			140,196
Interest Income		2,883			989			5,167			2,302
Interest Expense		(6,678	)		(6,901	)		(13,183	)		(13,769	)
Miscellaneous- Net		1,631			931			1,961			2,744
Income (Loss) Before Income Taxes		84,107			66,816			155,565			131,473
Provision for Income Taxes		25,098			21,080			48,178			42,092
Net Income (Loss)	$	59,009		$	45,736		$	107,387		$	89,381
Share Data:
Net Income (Loss) per Diluted Share	$	0.97		$	0.75		$	1.77		$	1.46
Average Diluted Shares Outstanding		60,581			60,882			60,812			61,096
Average Basic Shares Outstanding		59,707			59,767			59,911			60,039
Supplemental Data:
Cost of Sales - Operations	$	455,647		$	452,273		$	908,178		$	875,957
Selling, General & Administrative		151,564			136,827			302,552			272,962
Depreciation and Amortization**		14,712			15,492			29,695			31,068
Stock Compensation Expense		3,370			3,072			6,985			7,376

* Second quarter 2008 operating profit includes $4.4 million of recoveries related to environmental activities, and second quarter 2007 operating profit includes a $7.6 million provision for a legal settlement.

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

CRANE CO.

Condensed Balance Sheets

(in thousands)

	June 30, 2008		December 31, 2007
ASSETS
Current Assets
Cash and Cash Equivalents	$	321,548	$	283,370
Accounts Receivable		377,844		345,176
Current Insurance Receivable - Asbestos		33,600		33,600
Inventories		358,328		327,719
Other Current Assets		61,486		47,757
Total Current Assets		1,152,806		1,037,622
Property, Plant and Equipment		293,013		289,683
Long-Term Insurance Receivable - Asbestos		284,864		306,557
Long-Term Deferred Tax Assets		192,288		220,370
Other Assets		245,116		256,510
Goodwill		769,642		766,550
Total Assets	$	2,937,729	$	2,877,292
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Notes Payable and Current Maturities of Long-Term Debt	$	3,648	$	548
Accounts Payable		191,426		177,978
Current Asbestos Liability		84,000		84,000
Accrued Liabilities		223,720		230,295
Income Taxes		9,394		731
Total Current Liabilities		512,188		493,552
Long-Term Debt		398,390		398,301
Deferred Tax Liability		33,019		31,880
Long-Term Asbestos Liability		904,469		942,776
Other Liabilities		112,696		117,586
Minority Interest		8,326		8,394
Shareholders’ Equity		968,641		884,803
Total Liabilities and Shareholders’ Equity	$	2,937,729	$	2,877,292

CRANE CO.

Condensed Statements of Cash Flows

(in thousands)

	Three Months Ended June 30,						Six Months Ended June 30,
	2008			2007			2008			2007
Operating Activities:
Net income	$	59,009		$	45,736		$	107,387		$	89,381
Income from joint venture		—			(1,528	)		—			(2,545	)
Gain on divestitures		(932	)		—			(932	)		—
Depreciation and amortization		14,712			15,492			29,695			31,068
Stock-based compensation expense		3,370			3,072			6,985			7,376
Deferred income taxes		5,768			351			11,865			(9,468	)
Cash used for operating working capital		(16,454	)		(20,484	)		(46,288	)		(46,132	)
Other		(5,552	)		(2,799	)		(2,601	)		(14,131	)
Subtotal		59,921			39,840			106,111			55,549
Asbestos related payments, net of insurance recoveries		(14,553	)		(5,972	)		(16,614	)		15,208
Total provided by operating activities		45,368			33,868			89,497			70,757
Investing Activities:
Capital expenditures		(11,321	)		(14,868	)		(20,401	)		(21,831	)
Proceeds from disposition of capital assets		48			204			444			11,236
Proceeds from divestitures		1,320			—			2,106			—
Payment for acquisition, net of cash acquired		(47	)		150			(132	)		145
Total used for investing activities		(10,000	)		(14,514	)		(17,983	)		(10,450	)
Financing Activities:
Dividends paid		(10,761	)		(8,989	)		(21,556	)		(18,039	)
Reacquisition of shares on the open market		—			(10,000	)		(40,000	)		(50,001	)
Stock options exercised - net of shares reacquired		5,535			7,531			9,091			7,144
Excess tax benefit from stock-based compensation		793			1,437			900			2,127
Repayment of long-term debt		—			(22	)					(89	)
Net increase / decrease in short-term debt		(5,995	)		(10,408	)		3,042			(8,608	)
Total used for financing activities		(10,428	)		(20,451	)		(48,523	)		(67,466	)
Effect of exchange rate on cash and cash equivalents		1,880			2,251			15,187			3,627
Increase (decrease) in cash and cash equivalents		26,820			1,154			38,178			(3,532	)
Cash and cash equivalents at beginning of period		294,728			133,921			283,370			138,607
Cash and cash equivalents at end of period	$	321,548		$	135,075		$	321,548		$	135,075

CRANE CO.

Order Backlog

(in thousands)

	June 30, 2008		March 31, 2008		December 31, 2007		June 30, 2007
Aerospace & Electronics	$	417,883	$	407,398	$	392,822	$	393,708
Engineered Materials		11,892		15,941		14,802		18,544
Merchandising Systems		35,708		42,551		34,093		32,260
Fluid Handling		297,937		268,302		242,591		259,144
Controls		41,633		34,464		35,273		35,701
Total Backlog	$	805,053	$	768,656	$	719,581	$	739,357

CRANE CO.

Non-GAAP Financial Measures

(in thousands, except for per share amounts)

	Three Months Ended June 30,						Six Months Ended June 30,						Percent Change Three and Six Months Ended June 30,
	2008			2007			2008			2007			2008		2007
INCOME ITEMS:
Net Sales	$	693,482		$	660,897		$	1,372,350		$	1,289,115		4.9	%	6.5	%
Operating Profit (Loss)	$	86,271		$	71,797		$	161,620		$	140,196
Government Settlement - Pre-Tax (a)					7,600						7,600
Environmental Reimbursement - Pre-Tax (b)		(4,444	)					(4,444	)
Operating Profit before Government Settlement and Environmental Reimbursement	$	81,827		$	79,397		$	157,176		$	147,796		3.1	%	6.3	%
Percentage of Sales		11.8	%		12.0	%		11.5	%		11.5	%
Net Income (Loss)	$	59,009		$	45,736		$	107,387		$	89,381
Per Share	$	0.97		$	0.75		$	1.77		$	1.46
Government Settlement - Net of Tax (a)		—			5,396			—			5,396
Per Share				$	0.09					$	0.09
Environmental Reimbursement - Net of Tax (b)		(2,889	)					(2,889	)
Per Share	$	(0.05	)				$	(0.05	)
Net Income before Government Settlement and Environmental Reimbursement	$	56,120		$	51,132		$	104,498		$	94,777		9.8	%	10.3	%
Per Share	$	0.93		$	0.84		$	1.72		$	1.55
Average Diluted Shares Outstanding		60,581			60,882			60,812			61,096

(a) During the three months ended June 30, 2007, the Company recorded a settlement with the US Government.

(b) During the three months ended June 30, 2008, the Company recorded a $2.1 million reimbursement from the US Government and a $2.4 million reimbursement from a service provider, both related to environmental clean-up activities.

	June 30, 2008			December 31, 2007
BALANCE SHEET ITEMS
Notes Payable and Current Maturities of Long-Term Debt	$	3,648		$	548
Long-Term Debt		398,390			398,301
Total Debt		402,038			398,849
Less: Cash and Cash Equivalents		(321,548	)		(283,370	)
Net Debt		80,490			115,479
Shareholders’ Equity		968,641			884,803
Net Capitalization	$	1,049,131		$	1,000,282
Percentage of Net Debt to Net Capitalization		7.7	%		11.5	%

	Three Months Ended June 30,						Six Months Ended June 30,						Year Ended December 31,
	2008			2007			2008			2007			2008		2007
													(Estimated)
CASH FLOW ITEMS
Cash Provided from Operating Activities before Asbestos - Related Payments	$	59,921		$	39,840		$	106,111		$	55,549		275,000		$	243,031
Asbestos Related Payments, Net of Insurance Recoveries		(14,553	)		(5,972	)		(16,614	)		(16,292	)	(55,000	)		(41,698	)
Equitas Receipts		—			—			—			31,500		—			31,500
Cash Provided from Operating Activities		45,368			33,868			89,497			70,757		220,000			232,833
Less: Capital Expenditures		(11,321	)		(14,868	)		(20,401	)		(21,831	)	(50,000	)		(47,169	)
Free Cash Flow	$	34,047		$	19,000		$	69,096		$	48,926		170,000		$	185,664

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

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 provides 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.