Drilling Tools International Corp. Announces Expected Addition to Russell US Indexes

Company Overview - Drilling Tools International Corp. (DTI) is a global oilfield services company that specializes in designing, engineering, manufacturing, and providing rental-focused tools for onshore and offshore horizontal and directional drilling operations [1][10] - The company operates 16 service and support centers across North America and 7 international service and support centers in Europe and the Middle East [10] Index Inclusion Announcement - DTI is expected to be added to multiple Russell indexes, including the Russell 2000®, Russell 2500®, Russell 3000®, Russell Small Cap Completeness® Index, and Russell Microcap® Index as part of the 2024 Annual Reconstitution [1] - The addition to these indexes is anticipated to occur after equity markets close on June 28, 2024, with trading as a component starting on July 1, 2024 [1] Market Impact - Inclusion in the Russell indexes is seen as a significant milestone for DTI, enhancing its visibility and providing access to a broader range of investment managers and institutional investors [7] - The Russell 2000 Index specifically measures the performance of the small-cap segment of U.S. equity markets, which is a subset of the larger Russell 2500 and 3000 indexes [13] FTSE Russell Overview - FTSE Russell is a global index leader that provides benchmarking, analytics, and data solutions for investors, covering 98% of the investable market globally [3][14] - Approximately $20.1 trillion is currently benchmarked to FTSE Russell indexes, indicating their extensive use by institutional and retail investors [14]