Crane NXT (CXT) 8-K Provides Updated 2013 EPS Guidance of $4.10 - $4.30

Exhibit 99.2

CRANE CO.

Income Statement Data

(in thousands, except per share data)

	Three Months Ended December 31,						Twelve Months Ended December 31,
	2012			2011			2012			2011
Net Sales:
Aerospace & Electronics	$	176,081		$	171,973		$	701,208		$	677,663
Engineered Materials	46,900			45,037			216,503			220,071
Merchandising Systems	94,160			86,204			371,901			373,907
Fluid Handling	291,884			294,386			1,195,501			1,140,315
Controls	20,763			22,204			93,955			88,413
Total Net Sales	$	629,788		$	619,804		$	2,579,068		$	2,500,369
Operating Profit (Loss) from Continuing Operations:
Aerospace & Electronics	$	39,181		$	38,785		$	156,015		$	145,624
Engineered Materials	3,344			4,562			24,522			29,754
Merchandising Systems	10,447			7,705			33,771			30,337
Fluid Handling	39,247			38,329			148,167			149,803
Controls	2,300			2,336			12,813			11,228
Corporate	(18,336		)	(13,748		)	(64,847		)	(58,201		)
Asbestos Provision	—			(241,647		)	—			(241,647		)
Environmental Provision	—			(30,327		)	—			(30,327		)
Total Operating Profit (Loss) from Continuing Operations	76,183			(194,005		)	310,441			36,571
Interest Income	587			514			1,879			1,635
Interest Expense	(6,717		)	(6,730		)	(26,831		)	(26,255		)
Miscellaneous- Net	(180		)	(452		)	(884		)	2,810			*
Income (Loss) from Continuing Operations Before Income Taxes	69,873			(200,673		)	284,605			14,761
Provision for Income Taxes	23,901			(74,991		)	88,416			(8,055		)
Income (Loss) from Continuing Operations	45,972			(125,682		)	196,189			22,816
Profit from Discontinued Operations attributable to common shareholders (a)	—			1,350			3,777			5,693
Gain from Sales of Discontinued Operations attributable to common shareholders (b)	—			—			29,445			—
Profit from Discontinued Operations attributable to common shareholders, net of tax (a)	—			878			2,456			3,700
Gain from Sales of Discontinued Operations attributable to common shareholders, net of tax (b)	—			—			19,176			—
Gain / Profit from Discontinued Operations, net of tax	—			878			21,632			3,700
Net income (loss) before allocation to noncontrolling interests	45,971			(124,805		)	217,821			26,516
Less: Noncontrolling interest in subsidiaries' earnings	327			324			828			201
Net income (loss) attributable to common shareholders	$	45,644		$	(125,129	)	$	216,993		$	26,315

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Share Data:
Earnings (Loss) per share from Continuing Operations	$	0.79	$	(2.18	)	$	3.35	$	0.38
Earnings per share from Discontinued Operations	—		0.02			0.37		0.06
Earnings (Loss) per Diluted Share	$	0.79	$	(2.16	)	$	3.72	$	0.44
Average Diluted Shares Outstanding	57,783		57,903			58,293		59,204
Average Basic Shares Outstanding	57,008		57,903			57,443		58,120
Supplemental Data:
Cost of Sales	$	417,569	$	417,950		$	1,708,240	$	1,653,238
Asbestos Provision			241,647					241,647
Environmental Provision			30,327					30,327
Selling, General & Administrative	131,505		123,885			539,755		538,586
Repositioning Charges	4,531		—			20,632		—
Depreciation and Amortization **	14,141		15,735			57,263		62,943
Stock-Based Compensation Expense	4,459		3,840			17,319		14,972

* Primarily related to the sale of a building and the divestiture of a small product line in the three months ended March 31, 2011.

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

(a) Amounts represent the operating profit, and after-tax profit, from the Houston Service Center and Azonix Corporation businesses divested in June 2012.

(b) Amounts represent the pre-tax and after-tax gains from the June 2012 sales of both the Houston Service Center and the Azonix Corporation.

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CRANE CO.

Condensed Balance Sheets

(in thousands)

	December 31, 2012		December 31, 2011
ASSETS
Current Assets
Cash and Cash Equivalents	$	423,947	$	245,089
Accounts Receivable, net	333,330		349,250
Current Insurance Receivable - Asbestos	33,722		16,345
Inventories, net	352,725		360,689
Other Current Assets	36,797		60,859
Total Current Assets	1,180,521		1,032,232
Property, Plant and Equipment, net	268,283		284,146
Long-Term Insurance Receivable - Asbestos	171,752		208,952
Other Assets	455,530		497,377
Goodwill	813,792		820,824
Total Assets	$	2,889,878	$	2,843,531
LIABILITIES AND EQUITY
Current Liabilities
Notes Payable and Current Maturities of Long-Term Debt	$	1,123	$	1,112
Accounts Payable	182,731		194,158
Current Asbestos Liability	91,670		100,943
Accrued Liabilities	220,678		226,717
Income Taxes	15,686		10,165
Total Current Liabilities	511,888		533,095
Long-Term Debt	399,092		398,914
Long-Term Deferred Tax Liability	36,853		41,668
Long-Term Asbestos Liability	704,195		792,701
Other Liabilities	310,474		255,097
Total Equity	927,376		822,056
Total Liabilities and Equity	$	2,889,878	$	2,843,531

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CRANE CO.

Condensed Statements of Cash Flows

(in thousands)

	Three Months Ended December 31,							Twelve Months Ended December 31,
	2012			2011				2012			2011
Operating Activities:
Net income attributable to common shareholders	$	45,644		$	(125,129	)		$	216,993		$	26,315
Noncontrolling interest in subsidiaries' earnings	327			324				828			201
Net income before allocations to noncontrolling interests	45,971			(124,805		)		217,821			26,516
Asbestos Provision	—			241,647				—			241,647
Environmental charge	—			30,327				—			30,327
Gain on divestiture	—			—				(29,445		)	(4,258		)
Restructuring - Non Cash	1,078			—				3,855			—
Depreciation and amortization	14,141			15,735				57,263			62,943
Stock-based compensation expense	4,459			3,840				17,319			14,972
Defined benefit plans and postretirement expense	5,321			1,959				20,090			6,770
Deferred income taxes	30,583			(66,574		)		55,000			(43,923		)
Cash provided by (used for) operating working capital	81,146			34,957				1,824			(41,955		)
Defined benefit plans and postretirement contributions	(1,041		)	(31,059		)	*	(5,504		)	(48,113		)
Environmental payments, net of reimbursements	(2,115		)	(799		)		(13,371		)	(9,534		)
Other	(6,134		)	(366		)		(12,139		)	(6,303		)
Subtotal	173,409			104,862				312,713			229,089
Asbestos related payments, net of insurance recoveries	(17,906		)	(20,044		)		(77,957		)	(79,277		)
Total provided by operating activities	155,503			84,818				234,756			149,812
Investing Activities:
Capital expenditures	(9,364		)	(7,034		)		(29,308		)	(34,737		)
Proceeds from disposition of capital assets	4,184			73				6,438			4,793
Payment for acquisition, net of cash acquired	—			(996		)		—			(36,590		)
Proceeds from divestiture	480			—				54,079			1,000
Total provided by (used for) investing activities	(4,700		)	(7,957		)		31,209			(65,534		)
Financing Activities:
Dividends paid	(15,976		)	(15,035		)		(61,974		)	(56,992		)
Reacquisition of shares on open market	—			(30,000		)		(49,991		)	(79,999		)
Stock options exercised - net of shares reacquired	4,630			3,295				13,056			23,232
Excess tax benefit from stock-based compensation	370			391				3,603			6,097
Change in short-term debt	—			333				—			(1,003		)
Total used for financing activities	(10,976		)	(41,016		)		(95,306		)	(108,665		)
Effect of exchange rate on cash and cash equivalents	3,584			(1,939		)		8,199			(3,465		)
Increase (decrease) in cash and cash equivalents	143,411			33,906				178,858			(27,852		)
Cash and cash equivalents at beginning of period	280,536			211,183				245,089			272,941
Cash and cash equivalents at end of period	$	423,947		$	245,089			$	423,947		$	245,089

* Includes a $30 million discretionary pension contribution

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CRANE CO.

Order Backlog

(in thousands)

	December 31, 2012		September 30, 2012		June 30, 2012		March 31, 2012		December 31, 2011
Aerospace & Electronics	$	378,152	$	392,862	$	423,282	$	437,822	$	410,794
Engineered Materials	12,689		11,357		13,884		11,129		11,110
Merchandising Systems	14,686		19,957		23,587		30,033		15,212
Fluid Handling	326,863		330,824		334,696		337,538		313,715		*
Controls	16,507		17,296		16,187		29,770		27,120		**
Total Backlog	$	748,897	$	772,296	$	811,636	$	846,292	$	777,951

* Includes Order Backlog of $2.9 million at March 31, 2012 and $1.9 million at December 31, 2011 pertaining to a business divested in June 2012.

** Includes Order Backlog of $11.3 million at March 31, 2012 and $9.6 million at December 31, 2011 pertaining to a business divested in June 2012.

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CRANE CO.

Non-GAAP Financial Measures

(in thousands)

	Three Months Ended December 31,						Twelve Months Ended December 31,						Percent Change December 31, 2012		Percent  Change December 31, 2012
	2012			2011			2012			2011			Three Months		Twelve Months
INCOME ITEMS
Net Sales	$	629,788		$	619,804		$	2,579,068		$	2,500,369		1.6	%	3.1	%
Operating Profit (Loss) from Continuing Operations	76,183			(194,005		)	310,441			36,571			N/A		748.9	%
Percentage of Sales	12.1		%	(31.3		)%	12.0		%	1.5		%
Special Items impacting Operating Profit (Loss) from Continuing Operations:
Repositioning Charges (a)	4,531						20,632
Asbestos Provision - Pre-Tax (b)				241,647						241,647
Environmental Provision - Pre-Tax (c)				30,327						30,327
Non-deductible Acquisition Transaction Costs (d)	3,874						3,874
Operating Profit from Continuing Operations before Special Items	$	84,588		$	77,969		$	334,947		$	308,545		8.5	%	8.6	%
Percentage of Sales	13.4		%	12.6		%	13.0		%	12.3		%
Net Income (Loss) Attributable to Common Shareholders	$	45,644		$	(125,129	)	$	216,993		$	26,315
Per Diluted Share	$	0.79		$	(2.16	)	$	3.72		$	0.44		N/A		737.5	%
Special Items impacting Net Income (Loss) Attributable to Common Shareholders:
Repositioning Charges - Net of Tax (a)	3,896						16,724
Per Share	$	0.07					$	0.29
Asbestos Provision - Net of Tax (b)				157,071						157,071
Per Share				$	2.71					$	2.65
Environmental Provision - Net ofTax (c)				19,713						19,713
Per Share				$	0.34					$	0.33
Non-deductible Acquisition Transaction Costs (d)	3,874						3,874
Per Share	$	0.07					$	0.07
Gain on Divestitures - Net of Tax (e)							(19,176		)
Per Share							$	(0.33	)
Net Income Attributable To Common Shareholders Before Special Items	$	53,414		$	51,654		$	218,416		$	203,098		3.4	%	7.5	%
Per Diluted Share	$	0.92		$	0.88		$	3.75		$	3.43		5.3	%	9.2	%
Profit from Discontinued Operations attributable to common shareholders, net of tax (f)	—			(878		)	(2,456		)	(3,700		)
Per Share				$	(0.01	)	$	(0.04	)	$	(0.06	)
Net Income Attributable To Common Shareholders Before Special Items from Continuing Operations	$	53,414		$	50,776		$	215,960		$	199,398
Per Diluted Share	$	0.92		$	0.86		$	3.70		$	3.37		7.1	%	10.0	%

(a) The Company incurred repositioning charges in the second quarter, third quarter and fourth quarter of 2012, associated with productivity actions. The charges included severance and impairment costs related to the shutdown of certain facilities, the transfer of certain manufacturing operations, staff reduction actions and a pension curtailment charge.

(b) During the three months ended December 31, 2011, the Company recorded an Asbestos Provision.

(c) During the three months ended December 31, 2011, the Company recorded a charge related to an increase in the Company's expected liability at its Goodyear, AZ Superfund Site.

(d) During the three months ended December 31, 2012, the Company recorded non-deductible transaction costs associated with the potential acquisition of MEI.

(e) In June 2012, the Company divested of a business within the Fluid Handling segment (Houston Service Center) and a business within the Controls segment (Azonix Corporation). The associated gains were included in the “Gain from Sale of Discontinued Operations attributable to common shareholders, net of tax" section on the accompanying Income Statement Data. In September 2012, the Company recorded a favorable price adjustment associated with the Azonix Corporation divestiture.

(f) Amounts represent the after-tax profit from the Houston Service Center and Azonix Corporation businesses divested in June 2012.

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	Three Months Ended December 31,						Twelve Months Ended December 31,
	2012			2011			2012			2011
CASH FLOW ITEMS
Cash Provided from Operating Activities
before Asbestos - Related Payments	$	173,409		$	104,862		$	312,713		$	229,089
Asbestos Related Payments, Net of Insurance Recoveries	(17,906		)	(20,044		)	(77,957		)	(79,277		)
Cash Provided from Operating Activities	155,503			84,818			234,756			149,812
Less: Capital Expenditures	(9,364		)	(7,034		)	(29,308		)	(34,737		)
Free Cash Flow	$	146,139		$	77,784		$	205,448		$	115,075

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 liquidity from its operating activities. The measure of Free Cash Flow does not take into consideration certain other non-discretionary cash requirements such as, for example, mandatory principal payments on the Company's long-term debt. 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.

Non-GAAP financial measures, which may be inconsistent with similarly captioned measures presented by other companies, should be viewed in the context of the definitions of the elements of such measures we provide and in addition to, and not as a substitute for, the Company’s reported results prepared in accordance with GAAP.

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