Exhibit 99.2

CRANE CO.

Income Statement Data

(in thousands, except per share data)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2005			2004			2005			2004
Net Sales:
Aerospace & Electronics	$	141,722		$	127,144		$	409,243		$	372,857
Engineered Materials		75,558			69,913			235,550			213,244
Merchandising Systems		40,610			44,078			130,050			126,119
Fluid Handling		244,036			217,652			718,504			639,430
Controls		20,413			18,737			61,896			53,435
Intersegment Elimination		(108	)		(204	)		(331	)		(353	)
Total Net Sales	$	522,231		$	477,320		$	1,554,912		$	1,404,732
Operating Profit:
Aerospace & Electronics	$	26,461		$	23,574		$	60,679		$	67,722
Engineered Materials		15,691			13,283			50,835			44,596
Merchandising Systems		3,529			4,170			11,362			7,765
Fluid Handling		21,131			15,844			53,588			39,493
Controls		1,711			1,688			5,287			3,815
Corporate		(6,764	)		(7,928	)		(23,244	)		(23,328	)
Operating Profit before Charge		61,759			50,631			158,507			140,063
Asbestos and Environmental Charge		—			(361,813	)		—			(361,813	)
Total Operating Profit (Loss)		61,759			(311,182	)		158,507			(221,750	)
Interest Income		503			855			1,004			1,244
Interest Expense		(5,563	)		(5,819	)		(17,025	)		(18,047	)
Miscellaneous- Net		778			118			2,844			(63	)
Income Before Income Taxes		57,477			(316,028	)		145,330			(238,616	)
Provision (Benefit) for Income Taxes		17,434			(110,822	)		44,616			(86,824	)
Net Income (Loss)	$	40,043		$	(205,206	)	$	100,714		$	(151,792	)
Per Diluted Share Data:
Net Income (Loss)	$	0.66		$	(3.48	)	$	1.67		$	(2.56	)
Average Diluted Shares Outstanding		60,490			59,004			60,229			59,279
Average Basic Shares Outstanding		59,936			59,004			59,676			59,279
Supplemental Data:
Cost of Sales	$	356,058		$	687,863		$	1,071,033		$	1,318,137
Selling, General & Administrative		104,414			100,639			325,372			308,345
Depreciation and Amortization *		13,245			13,355			42,961			41,984

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

CRANE CO.

Condensed Balance Sheets

(in thousands)

	September 30, 2005		December 31, 2004
ASSETS
Current Assets
Cash and Cash Equivalents	$	113,604	$	50,727
Accounts Receivable		328,214		308,140
Inventories		275,398		284,291
Other Current Assets		61,891		59,648
Total Current Assets		779,107		702,806
Property, Plant and Equipment		268,804		287,596
Insurance Receivable - Asbestos		232,931		245,160
Other Assets		289,622		301,865
Goodwill		566,754		579,081
Total Assets	$	2,137,218	$	2,116,508
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Current Maturities of Long-Term Debt and Loans Payable	$	1,330	$	371
Accounts Payable		144,037		161,477
Current Asbestos Liability		67,346		67,800
Accrued Liabilities		158,752		157,730
Income Taxes		36,766		22,636
Total Current Liabilities		408,231		410,014
Long-Term Debt		292,933		296,592
Deferred Income Taxes		75,787		71,367
Long-Term Asbestos Liability		545,597		581,914
Pension, Postretirement and Other Liabilities		87,128		92,927
Common Shareholders’ Equity		727,542		663,694
Total Liabilities and Shareholders’ Equity	$	2,137,218	$	2,116,508

CRANE CO.

Condensed Statements of Cash Flows

(in thousands)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2005			2004			2005			2004
Operating Activities:
Net income (loss)	$	40,043		$	(205,206	)	$	100,714		$	(151,792	)
Charge for asbestos and environmental - net of tax		—			238,384			—			238,384
Income from joint venture		(1,894	)		(1,060	)		(4,476	)		(2,728	)
Depreciation and amortization		13,245			13,355			42,961			41,984
Cash used for operating working capital		9,573			(1,943	)		(35,063	)		(39,049	)
Other		11,531			(2,792	)		14,665			(4,090	)
Subtotal		72,498			40,738			118,801			82,709
Payments for asbestos-related fees and costs, net		(5,298	)		(6,730	)		(24,556	)		(18,336	)
Refund associated with termination of the Master Settlement Agreement		—			—			9,925			—
Total provided by operating activities		67,200			34,008			104,170			64,373
Investing Activities:
Capital expenditures		(6,259	)		(4,750	)		(17,634	)		(15,652	)
Proceeds from disposition of capital assets		188			111			1,569			906
Payments for acquisitions, net		(7,157	)		673			(7,157	)		(49,957	)
Total used for investing activities		(13,228	)		(3,966	)		(23,222	)		(64,703	)
Financing Activities:
Dividends paid		(7,509	)		(5,900	)		(19,429	)		(17,768	)
Settlement of treasury shares acquired on the open market		—			—			—			(42,748	)
Stock options exercised - net of shares reacquired		8,758			456			10,634			9,636
Borrowings (repayments) of debt, net		1,009			(31,233	)		(3,416	)		(58,987	)
Total provided by (used for) financing activities		2,258			(36,677	)		(12,211	)		(109,867	)
Effect of exchange rate on cash and cash equivalents		(2,250	)		491			(5,860	)		(122	)
Increase (decrease) in cash and cash equivalents		53,980			(6,144	)		62,877			(110,319	)
Cash and cash equivalents at beginning of period		59,624			38,343			50,727			142,518
Cash and cash equivalents at end of period	$	113,604		$	32,199		$	113,604		$	32,199

CRANE CO.

Order Backlog

(in thousands)

	September 30, 2005		June 30, 2005		March 31, 2005		December 31, 2004		September 30, 2004
Aerospace & Electronics	$	366,109	$	370,913	$	367,472	$	341,505	$	355,564
Engineered Materials		20,673		15,964		19,414		16,376		15,677
Merchandising Systems		8,362		9,298		9,469		11,998		10,877
Fluid Handling		194,436		201,768		200,578		183,158		176,650
Controls		15,182		14,952		15,625		13,696		13,586
Total Backlog	$	604,762	$	612,895	$	612,558	$	566,733	$	572,354

CRANE CO.

Non-GAAP Financial Measures

(in thousands)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2005			2004			2005			2004
Operating profit (loss)	$	61,759		$	(311,182	)	$	158,507		$	(221,750	)
Asbestos and environmental charge - pre-tax		—			361,813			—			361,813
Operating profit before charge	$	61,759		$	50,631		$	158,507		$	140,063
Net income (loss)	$	40,043		$	(205,206	)	$	100,714		$	(151,792	)
Asbestos and environmental charge - net of tax		—			238,384			—			238,384
Net income before charge	$	40,043		$	33,178		$	100,714		$	86,592
Earnings (loss) per share		0.66			(3.48	)		1.67			(2.56	)
Asbestos and environmental charge - net of tax		—			4.04			—			4.02
Earnings per share before charge	$	0.66		$	0.56		$	1.67		$	1.46
				Three Months Ended Dec 31, 2004
Earnings per share				$	0.78
Victaulic divestiture					(0.11	)
Reduction in asbestos liability					(0.15	)
Earnings per share before charge				$	0.52
													Year Ended December 31, 2005
													(Estimated Range)
Cash provided from operating activities before asbestos-related payments	$	72,498		$	40,738		$	118,801		$	82,709		$	175,000		$	175,000
Net asbestos payments		(5,298	)		(6,730	)		(24,556	)		(18,336	)		(40,000	)		(50,000	)
Refund associated with termination of the Master Settlement Agreement		—			—			9,925			—			10,000			10,000
Cash provided from operating activities	$	67,200		$	34,008		$	104,170		$	64,373		$	145,000		$	135,000
Capital expenditures		(6,259	)		(4,750	)		(17,634	)		(15,652	)		(25,000	)		(25,000	)
Free cash flow	$	60,941		$	29,258		$	86,536		$	48,721		$	120,000		$	110,000

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

Free cash flow provides supplemental information to assist management and certain 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. Free cash flow now includes net asbestos payments, which were excluded from the previous definition.