Business
ParkOhio Set to Join Russell 3000® Index
CLEVELAND--(BUSINESS WIRE)-- Park-Ohio Holdings Corp. (NASDAQ: PKOH) is set to join the broad-market Russell 3000® Index at the conclusion of the 2023
About this update from Park-ohio Holdings Corp.
[{"type":"text","content":" CLEVELAND--(BUSINESS WIRE)--\nPark-Ohio Holdings Corp. (NASDAQ: PKOH) is set to join the broad-market Russell 3000® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the U.S. market opens on June 26, 2023 according to a preliminary list of additions posted May 19, 2023.\n\n\nMatthew V. Crawford, Chairman and Chief Executive Officer, stated, “Joining the Russell 3000® Index reflects the growing momentum from the business improvements that we have implemented, combined with strong business activity and backlogs. Most importantly, it demonstrates the vigorous commitment of ParkOhio’s global team members. Additionally, joining the Russell 3000® Index provides ParkOhio with increased visibility and access to a wider investor base.”\n\n\nAnnual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of April 28, 2023 ranking them by total market capitalization. Membership in the U.S. 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 primarily by objective, market-capitalization rankings, and style attributes.\n\n\nRussell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of the FTSE Russell, a leading global index provider.\n\n\nFor more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.\n\n\nParkOhio is a diversified international company providing world-class customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products. Headquartered in Cleveland, Ohio, ParkOhio operates more than 130 manufacturing sites and supply chain logistics facilities worldwide, through three reportable segments: Supply Technologies, Assembly Components and Engineered Products.\n\n\nThis news release contains forward-looking statements, including statements regarding ...