AstroNova Added to Russell 3000 and Russell 2000 Indexes
July 01 2019 - 8:30AM
Business Wire
AstroNova, Inc. (NASDAQ: ALOT) a global leader in data
visualization technologies, today announced that it has been added
to the Russell 3000® Index and the Russell 2000® Index, effective
after the U.S. market opens today, as part of the 2019 Russell
indexes reconstitution.
“Inclusion in the Russell 3000 and 2000 indexes is a milestone
in AstroNova’s 50-year history, one that speaks to the consistent,
focused execution of our global team in delivering solid operating
and financial results,” said Greg Woods, the Company’s president
and CEO. “Our growth has helped to raise our visibility with
institutions and investors, and we look forward to building on that
momentum as a member of these prestigious financial industry
benchmarks.”
Annual reconstitution of the Russell indexes captures the 4,000
largest US stocks as of May 10, ranking them by total market
capitalization. For AstroNova, membership in the broad-market
Russell 3000 Index, which remains in place for one year, means
automatic inclusion in the U.S. small-cap Russell 2000 Index, as
well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style
attributes. AstroNova also remains a member of the Russell
Microcap® Index.
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $9 trillion in assets
are benchmarked against Russell’s US indexes. Russell indexes are
part of FTSE Russell, a leading global index provider.
About AstroNova AstroNova, Inc. (NASDAQ: ALOT), a global
leader in data visualization technologies since 1969, designs,
manufactures, distributes and services a broad range of products
that acquire, store, analyze and present data in multiple formats.
The Product Identification segment offers a variety of hardware and
software products and associated supplies that allow customers to
mark, track and enhance the appearance of their products. The
segment’s two business units are QuickLabel®, the industry leader
in tabletop digital color label printing and TrojanLabel®, an
innovative leader for professional label presses and specialty
printers. The Test and Measurement segment includes the Test &
Measurement business unit, which offers a suite of products and
services that acquire, record and analyze electronic signal data
from local and networked sensors. The segment also includes the
AstroNova Aerospace business unit, which designs and manufactures
avionics equipment and systems that serve the world’s aerospace and
defense industries with proven advanced airborne technology
solutions for both the cockpit and the cabin. The key products
include flight deck printers, networking hardware, and related
accessories. Additional information is available by visiting
www.astronovainc.com.
Forward-Looking Statements Information included in this
news release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are not statements of historical fact,
but rather reflect our current expectations concerning future
events and results. These statements may include the use of the
words “believes,” “expects,” “intends,” “plans,” “anticipates,”
“likely,” “continues,” “may,” “will,” and similar expressions to
identify forward-looking statements. Such forward-looking
statements involve risks, uncertainties and other factors, some of
which are beyond our control, which may cause our actual results,
performance or achievements to be materially different from those
expressed or implied by such forward-looking statements. These
risks, uncertainties and factors include, but are not limited to,
those factors set forth in the Company’s Annual Report on Form 10-K
for the fiscal year ended January 31, 2019 and subsequent filings
AstroNova makes with the Securities and Exchange Commission. The
Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. The reader is cautioned not to unduly
rely on such forward-looking statements when evaluating the
information presented in this news release.
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version on businesswire.com: https://www.businesswire.com/news/home/20190701005490/en/
Scott Solomon Senior Vice President Sharon Merrill Associates,
Inc. (617) 542-5300 ALOT@investorrelations.com
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