DALLAS , July 5, 2023
/PRNewswire/ -- CECO Environmental Corp.
(Nasdaq: CECO), a leading environmentally focused,
diversified industrial company whose solutions protect people, the
environment and industrial equipment, today announced that it was
added as a member of the US small-cap Russell 2000 Index maintained
by FTSE Russell effective after the U.S. market opens today as part
of the 2023 Russell Index's annual reconstitution.
"It's an honor to be added to
the Russell index which validates the potential
we believe investors see in CECO Environmental
as we entered 2023 with record backlog and strong
momentum executing our growth model," said
Todd Gleason, CEO of CECO Environmental.
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 $9 trillion in assets are benchmarked against
Russell U.S. indexes. Russell indexes are part of FTSE Russell, a
leading global index provider.
ABOUT FTSE RUSSELL
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics, and data solutions for investors
worldwide, FTSE Russell calculates thousands of indexes that
measure and benchmark markets and asset classes in more than 70
countries, covering 98% of the investable market globally. FTSE
Russell's expertise and products are used extensively by
institutional and retail investors globally. For over 30
years, leading asset owners, asset managers,
ETF providers and
investment banks have chosen FTSE
Russell indexes to benchmark
their investment performance and create ETF's,
structured products, and index-based derivatives.
For more information on the Russell indexes,
please visit the FTS Russell
website at www.ftserussell.com.
ABOUT CECO ENVIRONMENTAL
CECO Environmental is a leading environmentally
focused, diversified industrial company, serving the
broad landscape of industrial air, industrial water and
energy transition markets globally providing
innovative solutions and application expertise.
CECO helps companies grow their
business with safe, clean, and
more efficient solutions that help
protect people, the environment and
industrial equipment. CECO solutions
improve air and water quality, optimize emissions
management, and increase energy efficiency for
highly-engineered applications in power generation,
midstream and downstream hydrocarbon processing and
transport, electric vehicle production, polysilicon
fabrication, semiconductor and electronics, battery production and
recycling, specialty metals and steel production, beverage can, and
water/wastewater treatment and a wide range of other industrial end
markets. CECO is listed on Nasdaq under the ticker symbol
"CECO." Incorporated in
1966, CECO's global headquarters is in Dallas,
Texas. For more information, please visit
www.cecoenviro.com.
Company Contact:
Peter Johansson
Chief Financial and Strategy Officer
888-990-6670
Investor Relations Contact:
Steven Hooser
or Francis Okoniewski
Three Part Advisors
214-872-2710
Investor.Relations@OneCECO.com
News Media:
Kimberly Plaskett
Corporate Communications Director
kplaskett@OneCECO.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/ceco-environmental-announces-inclusion-in-russell-2000-index-301869830.html
SOURCE CECO Environmental Corp.