Hillman set to join Russell 3000® Index


CINCINNATI, June 06, 2022 (GLOBE NEWSWIRE) — Hillman Solutions Corp. (Nasdaq: HLMN) (the “Company” or “Hillman”), a leading provider of hardware products and merchandising solutions, is set to join the broad market Russell 3000 Index® following the annual replenishment of Russell 2022 indices, effective after the US market opens on June 27, 2022, according to a preliminary list of additions published on June 3, 2022.

The annual Russell Indices Replenishment captures the 4,000 largest US stocks as of May 6, 2022, ranking them by total market capitalization. As of that date, Hillman had a market capitalization of approximately $2.3 billion, which would qualify it for inclusion in the Russell 3000® indices, as well as the appropriate growth and value style indices. FTSE Russell determines membership in its Russell indices primarily by objective market capitalization rankings and style attributes.

Russell indices are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Around $12 trillion in assets are benchmarked against US Russell indices. Russell Indices are part of FTSE Russell, one of the world’s leading index providers.

For more information on the Russell 3000® Index and the Reconstruction of the Russell Indices, go to the ‘Russell Reconstruction’ section of the FTSE Russell website.

About Hillman Solutions Corp.
Founded in 1964 and based in Cincinnati, Ohio, Hillman Solutions Corp. (“Hillman”) is a leading North American provider of complete hardware solutions, providing the best customer service in the industry at more than 40,000 locations. Hillman designs innovative products and merchandising solutions for complex categories that deliver exceptional customer experiences to home improvement centers, mass merchandisers, national and regional hardware stores, pet supply stores, and OEM customers and industrial. Leveraging a world-class distribution and sales network, Hillman delivers a “small business” experience with “big business” efficiency.

About FTSE Russell

FTSE Russell is a global index leader providing innovative benchmarking, analytics and data solutions to investors around the world. FTSE Russell calculates thousands of indices that measure and compare markets and asset classes in over 70 countries, covering 98% of the global investment market.

The expertise and products of the FTSE Russell Index are widely used by institutional and retail investors around the world. Around $20 trillion is currently indexed to the FTSE Russell indices. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen the FTSE Russell indices to benchmark their investment performance and create ETFs, structured products and derivatives based on indices.

A set of universal principles guides the design and management of the FTSE Russell Index: a transparent rules-based methodology is informed by independent committees made up of leading market participants. FTSE Russell focuses on applying the highest industry standards in index design and governance and adheres to the principles of IOSCO. FTSE Russell is also focused on index innovation and client partnerships as it seeks to improve the breadth, depth and reach of its offering.

FTSE Russell is 100% owned by the London Stock Exchange Group.

For more information, visit www.ftserussell.com.

Forward-looking statements

This communication contains certain forward-looking statements, including, but not limited to, certain plans, expectations, objectives, projections and statements, which are not historical facts and are subject to numerous assumptions, risks and uncertainties. Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements. All forward-looking statements are made in good faith by the company and are intended to benefit from the safe harbor of liability established by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. You should not rely on these forward-looking statements as predictions of future events. Words such as “expect”, “estimate”, “project”, “budget”, “anticipate”, “envision”, “anticipate”, “intend”, “plan”, “target” , “goal”, “may”, “will”, “could”, “should”, “believes”, “predicts”, “potential”, “continues” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, but are not limited to, the Company’s expectations regarding future performance. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are beyond the Company’s control and are difficult to predict. Factors that could cause such differences include, but are not limited to: (1) adverse economic conditions that could affect operations, financial condition and cash flows, including expenditures for renovation projects or home construction, inflation, recessions, instability in financial markets or credit markets; (2) increased supply chain costs, including raw materials, procurement, transportation and energy; (3) the highly competitive nature of the markets we serve; (4) the ability to continue to innovate with new products and services; (5) seasonality; (6) high customer concentration; (7) ability to recruit and retain qualified employees; (8) the outcome of any legal proceedings that may be brought against the Company; (9) adverse changes in exchange rates; (10) the impact of COVID-19 on the Company’s business; or (11) regulatory changes and potential legislation that could adversely impact financial results. The above list of factors is not exclusive, and readers should also refer to the risks included in the company’s filings with the Securities and Exchange Commission (“SEC”), including the annual report on form 10-K filed March 16, 2022. In light of these uncertainties, investors or potential investors are cautioned not to place undue reliance on these forward-looking statements.

Except as required by applicable law, the Company neither undertakes nor accepts any obligation or undertaking to issue updates or revisions to any forward-looking statements in this communication to reflect any change in its expectations or any change in events, conditions or circumstances. on which such statement is based.

Michael Koehler
Vice President of Investor Relations and Treasury

Source: Hillman Solutions Corp.


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