Latham Group, Inc. (“Latham” or “the Company”) today announced that the Company was added to the US small-cap Russell 2000 ® Index at the conclusion of the 2021 Russell Indexes annual reconstitution, effective after the U.S. market opened on June 28, 2021.
Membership in the US small-cap Russell 2000® index, which remains in place for one year, means automatic inclusion in the U.S. all-cap Russell 3000® Index, as well as the appropriate growth and value style indexes.
“We are excited about Latham’s inclusion in the US small-cap Russell 2000 ® index, as it highlights our ability to generate shareholder value as the largest designer, manufacturer and marketer of in-ground residential swimming pools in North America, Australia and New Zealand,” commented Scott Rajeski, President and Chief Executive Officer of Latham. “Our inclusion in this index further builds investor awareness of Latham’s story as we continue transforming the industry with our unique go-to-market strategy powered by our leading brand and superior suite of digital technologies.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a leading 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.
