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Centuri Holdings, Inc. Joins the Russell 2000® Index
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Centuri Holdings (NYSE: CTRI), a top utility infrastructure services company in North America, has been added to the Russell 2000® Index as of July 1, 2024. This reconstitution includes the 4,000 largest U.S. stocks based on market capitalization as of April 30. Membership in the Russell 2000® Index, effective for one year, ensures automatic inclusion in growth and value style indexes, enhancing Centuri's visibility among investment managers and institutional investors. Approximately $10.5 trillion in assets are benchmarked against these indexes.
Positive
Centuri Holdings (NYSE: CTRI) added to the Russell 2000® Index.
Inclusion in Russell 2000® Index increases visibility among investment managers.
Approximately $10.5 trillion in assets benchmarked against Russell US indexes.
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PHOENIX--(BUSINESS WIRE)--
Centuri Holdings, Inc. (NYSE: CTRI) (“Centuri”), a leading, pure-play North American utility infrastructure services company, today announced that, as part of the annual reconstitution of the Russell stock indexes, Centuri has been added to the Russell 2000® Index effective at the open of U.S. equity markets today, July 1, 2024.
The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30, ranking them by total market capitalization. Membership in the Russell 2000® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. 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. According to the data as of the end of December 2023, about $10.5 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, a prominent global index provider.
For more information on the Russell 2000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.
About Centuri
Centuri Holdings, Inc. is a strategic utility infrastructure services company that partners with regulated utilities to build and maintain the energy network that powers millions of homes and businesses across the United States and Canada.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can often be identified by the use of words such as “will,” “predict,” “continue,” “forecast,” “expect,” “believe,” “anticipate,” “outlook,” “could,” “target,” “project,” “intend,” “plan,” “seek,” “estimate,” “should,” “may” and “assume,” as well as variations of such words and similar expressions referring to the future. Forward-looking statements could include (without limitation) statements regarding our confidence in our prospects to deliver value for our stockholders as an independent standalone company and our expectation to continue to build on our track record of delivering consistent growth by serving our customers across the utility value chain. A number of important factors affecting the business and financial results of Centuri could cause actual results to differ materially from those stated in any forward-looking statements. These factors include, but are not limited to, capital market risks and the impact of general economic or industry conditions. Factors that could cause actual results to differ also include (without limitation) those discussed in Centuri’s filings filed from time to time with the SEC. The statements in this press release are made as of the date of this press release, even if subsequently made available by Centuri on its website or otherwise. Centuri does not assume any obligation to update any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.
What is the significance of Centuri Holdings (CTRI) joining the Russell 2000® Index?
Joining the Russell 2000® Index increases Centuri Holdings' visibility among investment managers and institutional investors, potentially attracting more investment.
When was Centuri Holdings (CTRI) added to the Russell 2000® Index?
Centuri Holdings was added to the Russell 2000® Index on July 1, 2024.
How are stocks selected for the Russell 2000® Index?
Stocks are selected based on market capitalization rankings and style attributes, capturing the 4,000 largest U.S. stocks as of April 30 each year.
What is the impact on assets benchmarked to the Russell US indexes?
Approximately $10.5 trillion in assets are benchmarked against the Russell US indexes, indicating significant investment alignment.
