LSI Industries to Join the Russell 3000® Index
June 26 2023 - 6:00AM
Business Wire
LSI Industries Inc. (Nasdaq: LYTS, or the “Company”), a leading
U.S. based manufacturer of commercial lighting and display
solutions, today announced that it has earned the opportunity 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.
FTSE Russell determines membership for its Russell indexes
primarily by objective, market-capitalization rankings and style
attributes. Russell 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 FTSE Russell, a leading global index provider.
The Russell 3000 Index measures the performance of the largest
3,000 U.S. companies.
“We believe LSI remains one of the most exciting Industrial
growth opportunities in the U.S. public equity markets, one defined
by a multi-year track record of sustained value creation,” stated
James A. Clark, President and Chief Executive Officer of LSI. “Our
addition to the Russell 3000® Index is a testament to
the many contributions of our employees and partners who, as one
team, remain committed to building an integrated platform of scale
within the advanced lighting and display solutions markets.”
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 LSI INDUSTRIES
Headquartered in Cincinnati, LSI Industries (Nasdaq: LYTS)
specializes in the creation of advanced lighting, graphics, and
display solutions. The company’s American-made products, which
include lighting, print graphics, digital graphics, refrigerated
and custom displays, aim to help businesses stand out in a
competitive market. With a workforce of nearly 1,600 employees and
11 facilities throughout North America, LSI is dedicated to
providing top-quality solutions to its clients. Additional
information about LSI is available at www.lsicorp.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230626639541/en/
INVESTOR CONTACT Noel Ryan, IRC 720.778.2415
LYTS@vallumadvisors.com
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