Crane NXT Stock Surges 15% on Upbeat Currency Printing Guidance
Crane NXT (CXT) defied a sluggish market with a 15% surge after raising guidance for its U.S. currency printing business. The Federal Reserve's 2026 banknote order—projected at 3.8 billion to 5.1 billion notes ($109B-$140B)—drove the bullish revision. CEO Aaron Saak cited "expected growth in U.S. currency business and strong international performance" as catalysts.
The industrial tech firm plans detailed 2026 forecasts during its Q3 earnings call. While traditional finance stocks wavered, Crane's niche in currency production demonstrates how specialized industrial-tech plays can outperform broader indices even in risk-off environments.