Willdan Set to Join Russell 3000 Index
June 13 2017 - 8:00AM
Business Wire
Willdan Group, Inc. (NASDAQ: WLDN) today announced that it is
set to join the broad-market Russell 3000® Index at the conclusion
of the Russell US Indexes annual reconstitution, effective after
the US market opens on June 26, according to a preliminary list of
additions posted on June 9.
Annual reconstitution of the Russell US indexes captures the
4,000 largest US stocks, ranking them by total market
capitalization. Membership in the US all-cap Russell 3000® Index,
which remains in place for one year, means automatic inclusion in
the large-cap Russell 1000® Index or small-cap Russell 2000® Index
as well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes by objective,
market-capitalization rankings and style attributes.
“We are very pleased to be added to the Russell indexes,” said
Tom Brisbin, Willdan’s CEO. “The Russell indexes are widely
followed within the investment community, and we believe our
inclusion will positively impact the liquidity in our stock and
lead to more awareness for our Company as an attractive
investment.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $8.4 trillion in assets
are benchmarked against Russell’s US indexes. Russell indexes are
part of FTSE Russell, a leading global index provider.
For more information on the Russell 3000® Index and the Russell
indexes reconstitution, go to the “Russell Reconstitution” section
on the FTSE Russell website.
About Willdan
Willdan provides professional consulting and technical services
to utilities, public agencies and private industry throughout the
United States. The Company's service offerings span a broad set of
complementary disciplines that include energy efficiency and
sustainability, engineering and planning, financial and economic
consulting, and national preparedness. Willdan provides integrated
technical solutions to extend the reach and resources of its
clients, and provides all services through its subsidiaries
specialized in each segment. For additional information, visit
Willdan's website at www.willdan.com.
About FTSE Russell
FTSE Russell is a leading global index provider creating and
managing a wide range of indexes, data and analytic solutions to
meet client needs across asset classes, style and strategies.
Covering 98% of the investable market, FTSE Russell indexes offer a
true picture of global markets, combined with the specialist
knowledge gained from developing local benchmarks around the
world.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately $12.5
trillion is currently benchmarked to FTSE Russell indexes. For over
30 years, leading asset owners, asset managers, ETF providers and
investment banks have chosen FTSE Russell indexes to benchmark
their investment performance and create investment funds, ETFs,
structured products and index-based derivatives. FTSE Russell
indexes also provide clients with tools for asset allocation,
investment strategy analysis and risk management.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on index innovation and customer
partnership applying the highest industry standards and embracing
the IOSCO Principles. FTSE Russell is wholly owned by London Stock
Exchange Group.
For more information, visit www.ftserussell.com.
Forward-Looking Statements
Statements in this press release that are not purely historical,
including statements regarding Willdan's intentions, hopes,
beliefs, expectations, representations, projections, estimates,
plans or predictions of the future are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. The forward-looking statements involve risks and
uncertainties including, but not limited to, the risk that Willdan
will not be able to expand its services or meet the needs of
customers in markets in which it operates. It is important to note
that Willdan's actual results could differ materially from those in
any such forward-looking statements. Factors that could cause
actual results to differ materially include, but are not limited
to, a slowdown in the local and regional economies of the states
where Willdan conducts business and the loss of or inability to
hire additional qualified professionals. Willdan's business could
be affected by a number of other factors, including the risk
factors listed from time to time in Willdan's SEC reports
including, but not limited to, the Annual Report on Form 10-K filed
for the year ended January 1, 2016. Willdan cautions investors not
to place undue reliance on the forward-looking statements contained
in this press release. Willdan disclaims any obligation to, and
does not undertake to, update or revise any forward-looking
statements in this press release.
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version on businesswire.com: http://www.businesswire.com/news/home/20170613005432/en/
Willdan Group, Inc.Stacy McLaughlin, 714-940-6300Chief
Financial Officersmclaughlin@willdan.comorInvestor/Media
ContactFinancial Profiles, Inc.Tony Rossi,
310-622-8221trossi@finprofiles.com
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