EXHIBIT 11

Crane Co.

Exhibit 11 to FORM 10-K

Annual Report for the Year Ended December 31, 2009

Computation of Net Income Per Share

(In Thousands, Except Per Share Data)

Basic	2009		2008		2007			2006		2005
Net income (loss) attributable to common shareholders	$	133,856	$	135,158	$	(62,342	)	$	165,887	$	136,037
Earnings (loss) per share	$	2.29	$	2.27	$	(1.04	)	$	2.72	$	2.27
Weighted average number of basic shares		58,473		59,667		60,037			60,906		59,816
Diluted
Net income (loss) attributable to common shareholders	$	133,856	$	135,158	$	(62,342	)	$	165,887	$	136,037
Earnings (loss) per share	$	2.28	$	2.24	$	(1.04	)	$	2.67	$	2.25
Weighted average number of basic shares		58,473		59,667		60,037			60,906		59,816
Add:
Adjustment to basic for dilutive stock options		339		631		—			1,197		597
Weighted average number of diluted shares		58,812		60,298		60,037			62,103		60,413

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