Crane NXT (CXT) 8-K Other events

Exhibit 99.2

CRANE CO.

Income Statement Data

(in thousands, except per share data)

	Three Months Ended
	March 31,
	2003			2002
Net Sales:
Aerospace	$	87,374		$	85,456
Engineered Materials		62,886			54,245
Merchandising Systems		37,606			42,976
Fluid Handling		173,468			173,027
Controls		15,210			15,857
Intersegment Elimination		(74	)		(16	)
Total Net Sales	$	376,470		$	371,545
Operating Profit:
Aerospace	$	16,871		$	15,606
Engineered Materials		12,964			10,636
Merchandising Systems		(2,118	)		4,377
Fluid Handling		7,426			12,361
Controls		398			795
Corporate		(7,362	)		(6,961	)
Total Operating Profit		28,179			36,814
Interest Income		189			450
Interest Expense		(3,944	)		(4,491	)
Miscellaneous-Net		(165	)		(1,732	)
Income Before Income Taxes		24,259			31,041
Provision for Income Taxes		7,763			10,244
Income Before Cumulative Effect of a Change in Accounting Principle		16,496			20,797
Cumulative Effect of a Change in Accounting Principle		—			(28,076	)
Net Income (Loss)	$	16,496		$	(7,279	)
Depreciation and Amortization	$	12,364		$	12,002
Per Diluted Share Data:
Income Before Cumulative Effect of a Change in Accounting Principle	$	0.28		$	0.35
Cumulative Effect of a Change in Accounting Principle		—			(0.47	)
Net Income (Loss)	$	0.28		$	(0.12	)
Average Diluted Shares Outstanding		59,455			59,786
Average Basic Shares Outstanding		59,400			59,786

CRANE CO.

Condensed Balance Sheets

(in thousands)

	March 31,		December 31,
	2003		2002
ASSETS
Current Assets
Cash and Cash Equivalents	$	44,257	$	36,589
Accounts Receivable		225,750		213,850
Inventories		221,185		214,689
Other Current Assets		45,258		44,349
Total Current Assets		536,450		509,477
Property, Plant and Equipment		273,320		273,248
Other Assets		218,165		220,615
Goodwill		410,626		410,356
Total Assets	$	1,438,561	$	1,413,696
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Current Maturities of Long-Term Debt	$	101,650	$	400
Loans Payable		49,550		48,153
Accounts Payable		101,673		91,072
Accrued Liabilities		123,752		125,859
Income Taxes		27,991		22,941
Total Current Liabilities		404,616		288,425
Long-Term Debt		103,670		205,318
Deferred Income Taxes		8,878		8,972
Postretirement, Pension and Other Liabilities		261,357		261,919
Common Shareholders’ Equity		660,040		649,062
Total Liabilities and Shareholders’ Equity	$	1,438,561	$	1,413,696

CRANE CO.

Condensed Statements of Cash Flows

(in thousands)

	Three Months Ended
	March 31,
	2003			2002
Operating Activities:
Net income (loss)	$	16,496		$	(7,279	)
Cumulative effect of a change in accounting principle		—			28,076
Income before accounting change		16,496			20,797
(Income) loss from joint venture		(371	)		643
Depreciation and amortization		12,364			12,002
Cash used for operating working capital		(4,580	)		(6,167	)
Other		(1,288	)		(199	)
Total Provided from Operating Activities		22,621			27,076
Investing Activities:
Capital expenditures		(6,484	)		(6,479	)
Proceeds from disposition of capital assets		344			462
Payments for acquisitions, net		—			(1,650	)
Proceeds from divestitures		1,200			—
Total Used for Investing Activities		(4,940	)		(7,667	)
Financing Activities:
Dividends paid		(5,945	)		(5,983	)
Reacquisition of shares-open market		(6,116	)		—
Stock options exercised—net of shares reacquired		360			738
Issuance (repayment) of debt, net		1,032			(22,221	)
Total Used for Financing Activities		(10,669	)		(27,466	)
Effect of exchange rate on cash and cash equivalents		656			(138	)
Increase (decrease) in cash and cash equivalents		7,668			(8,195	)
Cash and cash equivalents at beginning of period		36,589			21,163
Cash and cash equivalents at end of period	$	44,257		$	12,968

CRANE CO.

Order Backlog

(in thousands)

	March 31,		December 31,		March 31,
	2003		2002		2002
Aerospace	$	224,513	$	217,598	$	230,766
Engineered Materials		9,828		11,153		12,304
Merchandising Systems		10,543		12,932		22,345
Fluid Handling		138,134		130,195		141,526
Controls		14,736		13,784		18,323
Total Backlog	$	397,754	$	385,662	$	425,264