RACINE, Wis., June 26, 2017 (GLOBE NEWSWIRE) -- Twin Disc, Inc., (Nasdaq:TWIN), announced today
that its stock was added to the broad-market Russell 3000® Index as part of the Russell U.S. Indexes’ annual
reconstitution.
“We are very pleased that our stock will be included in the small-cap Russell 2000® Index,” stated
John H. Batten, President and Chief Executive Officer. “Over the past several quarters, Twin Disc has successfully responded
to challenging conditions across many of the Company’s markets, by proactively reducing and controlling operating expenses, while
maintaining world-class product and customer support and delivering continued product innovations. This commitment continues
to position Twin Disc as a leader throughout its end markets, and our inclusion in the small-cap Russell 2000® Index
reflects our success.”
Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of the end of May, 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.
Russell indexes are widely used by investment managers and institutional investors for index funds and as
benchmarks for active investment strategies. Approximately $8.4 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 3000® Index and the Russell U.S. Indexes reconstitution, go to
the “Russell Reconstitution” section on the FTSE Russell website.
About Twin Disc, Inc.
Twin Disc, Inc. designs, manufactures and sells marine and heavy-duty off-highway power transmission equipment. Products
offered include: marine transmissions, surface drives, propellers and boat management systems, as well as power-shift
transmissions, hydraulic torque converters, power take-offs, industrial clutches and control systems. The Company sells its
products to customers primarily in the pleasure craft, commercial and military marine markets, as well as in the energy and natural
resources, government and industrial markets. The Company’s worldwide sales to both domestic and foreign customers are
transacted through a direct sales force and a distributor network.
About FTSE Russell:
FTSE Russell is a leading global index provider creating and managing a wide range of indexes, data and analytic
solutions to meet client needs across asset classes, style and strategies. Covering 98% of the investable market, FTSE Russell
indexes offer a true picture of global markets, combined with the specialist knowledge gained from developing local benchmarks
around the world.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally.
Approximately $12.5 trillion is currently benchmarked to FTSE Russell indexes. 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
investment funds, ETFs, structured products and index-based derivatives. FTSE Russell indexes also provide clients with tools for
asset allocation, investment strategy analysis and risk management.
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based
methodology is informed by independent committees of leading market participants. FTSE Russell is focused on index innovation and
customer partnership applying the highest industry standards and embracing the IOSCO Principles. FTSE Russell is wholly owned by
London Stock Exchange Group.
For more information, visit www.ftserussell.com
Forward-Looking Statements
This press release may contain statements that are forward looking as defined by the Securities and Exchange Commission in its
rules, regulations and releases. The Company intends that such forward-looking statements be subject to the safe harbors created
thereby. All forward-looking statements are based on current expectations regarding important risk factors including those
identified in the Company’s most recent periodic report and other filings with the Securities and Exchange Commission. Accordingly,
actual results may differ materially from those expressed in the forward-looking statements, and the making of such statements
should not be regarded as a representation by the Company or any other person that the results expressed therein will be
achieved.
Contact: Jeffrey S. Knutson (262) 638-4242
