Q1 2009 Financial Report of Crane Co.

- Crane Co.'s net sales decreased 18% in Q1 2009 compared to Q1 2008, with declines across all business segments. Net income declined 52% over the same period. - As of March 31, 2009, Crane Co.'s cash and cash equivalents totaled $210 million, accounts receivable was $325 million, and order backlog for aerospace and electronics was $396 million. - In Q1 2009, Crane Co. generated $15 million in cash from operating activities. However, it used $21 million in cash for financing activities, including paying dividends and reacquiring shares.