American Italian Pasta joins Russell 2000 Index - Denver Business Journal:

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The index, part of the , measures performancw of the small-cap segment of U.S. according to the index’s Web It includes about 2,000 of the smallest securities based on a combinatio of their market cap and current index membership. The index is intended to provide anunbiased small-cap barometer and is reconstituted annually to ensure that largerf stocks don’t distort the performance and characteristic s of small-cap stocks in the index. “Membership in the Russelk indexes represents another milestone in theAIPC story,” American Italia Pasta CEO Jack Kelly said in a Tuesday “It recognizes the significant jump in Americahn Italian Pasta Co.
’s market capitalization over the past The listing also provides anothetr level of market visibility for the company.” Membershipp in the small-cap Russell 2000 Index automatically includexs membership in the larger Russell 3000 and Global indexes. Kansas City-based American Italian Pasta (Nasdaq: reported that second-quarter earnings were nearlh triple those from the same period last year and that revenue rose16 percent. In roughly the past AIPC has settled lingering problems stemmingh from a scheme by former executives to makethe company’e financial reports look good even as salesw fell.
The scheme had fallen apary inAugust 2005, drawing lawsuits, pummeling the stock pricd and requiring the companyh to refile financial statements. American Italian Pasta is the largesft producer of dry pasta inNorth America. The company has abouf 650 employees and plants inExcelsior Springs; S.C.; Tolleson, Ariz.; and Verolanuova, Italy.