Exhibit 99.2

CRANE CO.

Income Statement Data

(in thousands, except per share data)

	Three Months Ended December 31,						Twelve Months Ended December 31,
	2009			2008			2009			2008
Net Sales:
Aerospace & Electronics	$	154,280	*	$	154,563		$	590,118	*	$	638,658
Engineered Materials		44,090			41,550			172,080			255,434
Merchandising Systems		71,731			78,229			292,636			401,577
Fluid Handling		253,577			278,666			1,049,960			1,161,887
Controls		21,326			36,271			91,549			146,751
Total Net Sales	$	545,004		$	589,279		$	2,196,343		$	2,604,307
Operating Profit (Loss):
Aerospace & Electronics	$	39,657	*	$	8,719		$	95,916	*	$	54,097
Engineered Materials		6,060			(19,922	)		19,657			4,242
Merchandising Systems		4,553			(10,333	)		21,122			32,028
Fluid Handling		33,503			33,130			132,211			159,363
Controls		(1,407	)		3,113			(4,391	)		11,237
Corporate		(12,926	)		(9,114	)		(56,246	)  **		(39,136	)
Environmental Provision		—			(24,342	)		—			(24,342	)
Total Operating Profit (Loss)		69,440			(18,749	)		208,269			197,489
Interest Income		1,242			1,884			2,820			10,263
Interest Expense		(6,769	)		(6,563	)		(27,139	)		(25,799	)
Miscellaneous- Net		(1,347	)		123			976			1,694
Income (Loss) Before Income Taxes		62,566			(23,305	)		184,926			183,647
Provision for Income Taxes		14,873			(15,096	)		50,846			48,694
Net income (loss) before allocations to noncontrolling interests		47,693			(8,209	)		134,080			134,953
Less: Noncontrolling interest in subsidiaries’ earnings (losses)		22			102			224			(205	)
Net income (loss) attributable to common shareholders	$	47,671		$	(8,311	)	$	133,856		$	135,158
Share Data:
Earnings (loss) per Diluted Share***	$	0.81		$	(0.14	)	$	2.28		$	2.24
Average Diluted Shares Outstanding		59,119			59,165			58,812			60,298
Average Basic Shares Outstanding		58,472			59,165			58,473			59,667
Supplemental Data:
Cost of Sales	$	349,002		$	408,476		$	1,466,030		$	1,751,036
Environmental Provision		—			24,342			—			24,342
Selling, General & Administrative		126,562			175,210			522,044			631,440
Depreciation and Amortization ****		14,347			13,197			58,204			57,162
Stock-Based Compensation Expense		2,464			2,880			9,166			13,327

* Includes $18.9 million of sales and $16.4 million of operating profit from the Boeing Company and GE Aviation Systems LLC settlement related to brake control systems.

** Includes a charge of $7.25 million related to the settlement of a lawsuit brought against the Company by a customer alleging failure of our fiberglass-reinforced plastic material.

*** For the three months ended December 31, 2008, because there was a net loss, this amount is equivalent to the net loss per basic share.

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

CRANE CO.

Condensed Balance Sheets

(in thousands)

	December 31, 2009		December 31, 2008
ASSETS
Current Assets
Cash and Cash Equivalents	$	372,714	$	231,840
Accounts Receivable, net		282,463		334,263
Current Insurance Receivable - Asbestos		35,300		41,300
Inventories, net		284,552		349,926
Other Current Assets		71,317		63,911
Total Current Assets		1,046,346		1,021,240
Property, Plant and Equipment, net		285,224		290,814
Long-Term Insurance Receivable - Asbestos		213,004		260,660
Other Assets		406,346		420,542
Goodwill		761,978		781,232
Total Assets	$	2,712,898	$	2,774,488
LIABILITIES AND EQUITY
Current Liabilities
Notes Payable and Current Maturities of Long-Term Debt	$	1,078	$	16,622
Accounts Payable		142,390		182,147
Current Asbestos Liability		91,000		91,000
Accrued Liabilities		218,864		246,915
Income Taxes		4,150		1,980
Total Current Liabilities		457,482		538,664
Long-Term Debt		398,557		398,479
Long-Term Deferred Tax Liability		29,578		22,971
Long-Term Asbestos Liability		730,013		839,496
Other Liabilities		203,566		229,057
Total Equity		893,702		745,821
Total Liabilities and Equity	$	2,712,898	$	2,774,488

CRANE CO.

Condensed Statements of Cash Flows

(in thousands)

	Three Months Ended December 31,							Twelve Months Ended December 31,
	2009				2008			2009					2008
Operating Activities:
Net income attributable to common shareholders	$	47,671			$	(8,311	)	$	133,856				$	135,158
Noncontrolling interest in subsidiaries’ earnings (losses)		22				102			224					(205	)
Net income before allocations to noncontrolling interests		47,693				(8,209	)		134,080					134,953
Environmental charge						24,342								24,342
Restructuring - non cash						15,745								15,745
Gain on divestiture		—				—			—					(932	)
Depreciation and amortization		14,347				13,197			58,204					57,162
Stock-based compensation expense		2,464				2,880			9,166					13,327
Deferred income taxes		8,680				(9,343	)		23,571					13,296
Cash provided by operating working capital		34,366				52,995			47,403					17,560
Other		(23,222	)	*		(7,511	)		(27,583	)	*			(25,978	)
Subtotal		84,328				84,096			244,841					249,475
Asbestos related payments, net of insurance recoveries		(21,039	)			(23,168	)		(55,827	)	*	*		(58,083	)
Total provided by operating activities		63,289				60,928			189,014					191,392
Investing Activities:
Capital expenditures		(7,087	)			(11,478	)		(28,346	)				(45,136	)
Proceeds from disposition of capital assets		1,442				1,143			4,768					1,871
Payment for acquisition, net of cash acquired		—				(48,518	)		—					(76,527	)
Proceeds from divestiture		17,864				—			17,864					2,106
Total used for investing activities		12,219				(58,853	)		(5,714	)				(117,686	)
Financing Activities:
Dividends paid		(11,704	)			(11,682	)		(46,783	)				(45,203	)
Reacquisition of shares on open market		—				(20,001	)		—					(60,001	)
Stock options exercised - net of shares reacquired		1,369				251			1,070					8,955
Excess tax benefit from stock-based compensation		93				608			224					1,996
Change in short-term debt		(109	)			(1,782	)		(16,474	)				(1,371	)
Total used for financing activities		(10,351	)			(32,606	)		(61,963	)				(95,624	)
Effect of exchange rate on cash and cash equivalents		2,669				(16,060	)		19,537					(29,612	)
Increase (decrease) in cash and cash equivalents		67,826				(46,591	)		140,874					(51,530	)
Cash and cash equivalents at beginning of period		304,888				278,431			231,840					283,370
Cash and cash equivalents at end of period	$	372,714			$	231,840		$	372,714				$	231,840

* Includes a $17 million advance pension contribution.

** Includes a $14.5 million insurance settlement receipt from the Highlands Insurance Company.

CRANE CO.

Order Backlog

(in thousands)

	December 31,			September 30,		June 30,		March 31,		December 31,
	2009			2009		2009		2009		2008
Aerospace & Electronics	$	351,004	*	$	369,898	$	383,335	$	396,393	$	418,382
Engineered Materials		12,070			8,454		9,135		6,924		6,942
Merchandising Systems		23,522			23,574		19,955		18,822		23,407
Fluid Handling		249,901			252,333		256,467		275,660		302,653
Controls		27,958			27,292		28,026		26,667		30,509
Total Backlog	$	664,455		$	681,551	$	696,918	$	724,466	$	781,893

* The backlog at December 31, 2009 was unfavorably impacted by the sale of GTC, which had backlog of $18 million at the time of the divestiture.

CRANE CO.

Non-GAAP Financial Measures

(in thousands)

	Three Months Ended December 31,						Twelve Months Ended December 31,						Percent Change December 31, 2009		Percent Change December 31, 2009
	2009			2008			2009			2008			Three Months		Twelve Months
INCOME ITEMS
Net Sales	$	545,004		$	589,279		$	2,196,343		$	2,604,307		-7.5	%	-15.7	%
Special Items impacting Net Sales
Settlement related to brake control systems (a)		(18,880	)		—			(18,880	)		—
Net Sales before Special Items	$	526,124		$	589,279		$	2,177,463		$	2,604,307		-10.7	%	-16.4	%
Operating Profit		69,440			(18,749	)		208,269			197,489
Percentage of Sales		12.7	%		-3.2	%		9.5	%		7.6	%
Special Items impacting Operating Profit:
Settlement related to brake control systems, net (a)		(16,360	)		—			(16,360	)		—
Lawsuit Settlement - Pre-Tax (b)		—			—			7,250			—
Restructuring Charges - Pre-Tax (c)		2,883			40,703			5,243			40,703
Environmental Charge - Pre-Tax (d)		—			24,342			—			24,342
Operating Profit before Special Items	$	55,963		$	46,296		$	204,402		$	262,534		20.9	%	-22.1	%
Percentage of Sales		10.6	%		7.9	%		9.4	%		10.1	%
Net Income Attributable to Common Shareholders	$	47,671		$	(8,311	)	$	133,856		$	135,158
Per Share	$	0.81		$	(0.14	)	$	2.28		$	2.24
Special Items impacting Net Income Attributable to Common Shareholders:
Settlement related to brake control systems, net - Net of Tax (a)		(10,634	)		—			(10,634	)		—
Per Share	$	(0.18	)		—		$	(0.18	)		—
																		2009 Full Year Guidance (f)
Tax benefit from divestiture (e)		(5,238	)		—			(5,238	)		—							Low		High
Per Share	$	(0.09	)		—		$	(0.09	)		—
Adjusted Net Income Attributable to Common Shareholders	$	31,799		$	(8,311	)	$	117,984		$	135,158						$	112,000	$	121,000
Per Share	$	0.54		$	(0.14	)	$	2.01		$	2.24						$	1.90	$	2.05
Lawsuit Settlement - Net of Tax (b)		—			—			4,713			—							4,713		4,713
Per Share		—			—		$	0.08			—						$	0.08	$	0.08
Restructuring Charges - Net of Tax (c)		1,916			25,737			3,703			25,737							4,100		4,100
Per Share	$	0.03		$	0.44		$	0.06		$	0.43						$	0.07	$	0.07
Environmental Provision - Net of Tax (d)		—			15,822			—			15,822							—		—
Per Share		—		$	0.27			—		$	0.26
Net Income Attributable To Common Shareholders Before Special Items	$	33,715		$	33,248		$	126,400		$	176,717		1.4	%	-28.5	%	$	120,813	$	129,813
Per Basic Share	$	0.58		$	0.56		$	2.16		$	2.96
Per Diluted Share	$	0.57		$	0.56		$	2.15		$	2.93						$	2.05	$	2.20

In the three months ended December 31, 2008, 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 this periods, Average Shares Outstanding would have included the effect of diluted stock options when computing per share amounts (see chart below).

Average Basic Shares Outstanding	59,165
Effect of Diluted Stock Options	152
Average Shares Outstanding including the effect of Stock Options	59,317

(a) During the three months ended December 31, 2009, the Company recorded a settlement with Boeing and GE Aviation LLC related to the development of brake control systems for the Boeing 787 aircraft.

(b) During the three months ended March 31, 2009, the Company recorded a charge for the settlement of a lawsuit brought against the Company by a customer alleging failure or our fiberglass-reinforced plastic material. During the three months ended June 30, 2009, the Company recorded additional insurance recoveries associated with the aforementioned settlement.

(c) Amounts represent restructuring charges in connection with the Restructuring Program.

(d) During the three months ended December 31, 2008, the Company recorded a charge related to an increase in the Company’s expected liability at its Goodyear, AZ Superfund site.

(e) During the three months ended December 31, 2009, the Company recorded a tax benefit related to the divestiture of one of its businesses.

(f) The Company’s EPS guidance issued in October 2009 did not include the favorable impacts of the Boeing Company and GE Aviation Systems LLC agreement, or the tax benefit associatied with the divestiture of GTC.

	December 31, 2009			December 31, 2008
BALANCE SHEET ITEMS
Notes Payable and Current Maturities of Long-Term Debt	$	1,078		$	16,622
Long-Term Debt		398,557			398,479
Total Debt		399,635			415,101
Less: Cash and Cash Equivalents		(372,714	)		(231,840	)
Net Debt		26,921			183,261
Equity		893,702			745,821
Net Capitalization	$	920,623		$	929,082
Percentage of Net Debt to Net Capitalization		2.9	%		19.7	%

	Three Months Ended December 31,							Twelve Months Ended December 31,
	2009				2008			2009					2008
CASH FLOW ITEMS
Cash Provided from Operating Activities before Asbestos - Related Payments	$	84,328		*	$	84,096		$	244,841		*		$	249,475
Asbestos Related Payments, Net of Insurance Recoveries		(21,039	)			(23,168	)		(55,827	)	*	*		(58,083	)
Cash Provided from Operating Activities		63,289				60,928			189,014					191,392
Less: Capital Expenditures		(7,087	)			(11,478	)		(28,346	)				(45,136	)
Free Cash Flow	$	56,202			$	49,450		$	160,668				$	146,256

* Includes a $17 million discretionary pension contribution.

** Includes a $14.5 million insurance settlement receipt from the Highlands Insurance Company.

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.