Crane NXT Expects High Single Digit Revenue Growth in its U.S. Currency Business in 2026
Rhea-AI Summary
Crane NXT (NYSE:CXT) anticipates high single-digit revenue growth in its U.S. Currency business for 2026, driven by the Federal Reserve Board's 2026 print order. The order projects banknote demand of 3.8-5.1 billion, with higher denomination notes ($10-$100) volume increasing ~90% at midpoint versus 2025.
The company will support the U.S. Currency Program's redesign initiative, starting with the new $10 banknote launch next year. Additionally, Crane NXT's planned acquisition of Antares Vision aligns with its strategy to lead in trusted technology solutions for security, detection, and authentication. Management will provide further details during the Q3 earnings call.
Positive
- High single-digit revenue growth expected in U.S. Currency business for 2026
- 90% increase in higher denomination banknote volumes ($10-$100) vs 2025
- Strong performance reported in international markets
- Strategic acquisition of Antares Vision to enhance technology solutions portfolio
Negative
- Decrease in expected volumes for lower denomination banknotes ($1-$5)
News Market Reaction
On the day this news was published, CXT gained 14.68%, reflecting a significant positive market reaction. Argus tracked a peak move of +11.3% during that session. Our momentum scanner triggered 33 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $487M to the company's valuation, bringing the market cap to $3.80B at that time. Trading volume was elevated at 2.1x the daily average, suggesting notable buying interest.
Data tracked by StockTitan Argus on the day of publication.
Outlook based on the Federal Reserve’s recently released 2026 currency print order
WALTHAM, Mass., Sept. 23, 2025 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE: CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced it expects its U.S. Currency business to grow in the high-single-digits in 2026 based on the Federal Reserve Board’s recently published 2026 print order.
The 2026 print order projects a range of 3.8 billion to 5.1 billion in banknote demand with the volume of higher denomination banknotes (i.e.,
Aaron W. Saak, Crane NXT’s President and Chief Executive Officer, stated: “We are pleased with the significant increase in expected demand in 2026 for higher denomination banknotes containing advanced security features. Additionally, we look forward to continuing to support the U.S. Currency Program’s strategic priorities, including the currency redesign starting with the introduction of the new
Mr. Saak continued: “The expected growth in the U.S. Currency business and the continued strong performance in international markets gives us high confidence that Crane Currency is on-track for a successful 2026. Coupled with our recent announcement to acquire Antares Vision, we continue to execute our strategy to be the leading provider of trusted technology solutions that secure, detect, and authenticate our customers' most important assets. I look forward to providing additional updates on our 2026 outlook during our Q3 earnings call.”
About Crane NXT, Co.
Crane NXT is a premier industrial technology company that provides trusted technology solutions to secure, detect, and authenticate what matters most to its customers. Through its industry-leading businesses, Crane NXT provides customers with advanced technologies to secure high-value physical products, sophisticated detection equipment and systems, and proprietary products and services that protect brand identity. Crane NXT’s approximately 5,000 employees help our customers protect their most important assets and ensure secure, seamless transactions around the world every day. For more information visit www.cranenxt.com.
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding the Company's intent, belief, or expectations. Words such as “anticipate(s),” “expect(s),” “intend(s),” “believe(s),” “plan(s),” “may,” “will,” “would,” “could,” “should,” “seek(s),” and similar expressions, or the negative of these terms, are intended to identify such forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties that could lead to actual results differing materially from those projected, forecasted or expected. The Company assumes no (and disclaims any) obligation to revise or update these statements to reflect future events or circumstances. Although the Company believes that the assumptions underlying the forward-looking statements are reasonable, it can give no assurance that its expectations will be attained. The Company cautions investors not to place undue reliance on any such forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from the Company's expectations include, but are not limited to: the impact of tariffs and other trade measures; changes in global economic conditions (including inflationary pressures) and geopolitical risks, including macroeconomic fluctuations; demand for its products, which is variable and subject to factors beyond its control; risks associated with conducting a substantial portion of its business outside the U.S.; information systems and technology networks failures, breaches in data security, theft of personally identifiable and other information, and non-compliance with its contractual or other legal obligations regarding such information; being unable to identify or complete acquisitions, or to successfully integrate the businesses the Company acquires; fluctuation in the prices of, or disruption in its ability to source, components and raw materials, and delays in the distribution of its products; loss of personnel or being able to hire and retain additional personnel needed to sustain and grow its business as planned; being unable to successfully develop and introduce new products, which would limit its ability to grow and maintain its competitive position; governmental regulations and failure to comply with those regulations; the ability to protect its intellectual property; risks from litigation, claims and investigations, including those related to product liability and warranties, and employee, commercial, intellectual property and environmental matters; risks related to its ability to improve productivity, reduce costs and align manufacturing capacity with customer demand; significant competition in the Company's markets; additional tax expenses or exposures; adverse impacts from intangible asset impairment charges; inadequate or ineffective internal controls; and risks related to the Separation, including not obtaining the intended tax treatment of the Separation transaction, failure of Crane Company to perform under the various transaction agreements and actual or potential conflicts of interest with Crane Company. Readers should carefully review Crane NXT, Co.’s financial statements and the notes thereto, as well as the section entitled “Risk Factors” in Item 1A of Crane NXT, Co.’s Annual Report on Form 10-K for the year ended December 31, 2024 and the other documents Crane NXT, Co. and its subsidiaries file from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.
Contact:
Matt Roache
VP, Investor Relations
matthew.roache@cranenxt.com
www.cranenxt.com
FAQ
What is Crane NXT's (CXT) expected revenue growth for U.S. Currency business in 2026?
How many banknotes are in the Federal Reserve's 2026 print order for Crane NXT?
What is the increase in higher denomination banknote volumes for Crane NXT in 2026?
When will Crane NXT launch the new $10 banknote design?
How does the Antares Vision acquisition fit into Crane NXT's strategy?
