American Italian Pasta joins Russell 2000 Index - Minneapolis / St. Paul Business Journal:

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The index, part of the , measures performance of the small-capp segment of U.S. equities, accordingv to the index’s Web It includes about 2,000 of the smallestt securities based on a combination of theirt market cap and currentindex membership. The indezx is intended to provides anunbiased small-cap barometer and is reconstituted annuallyg to ensure that larger stocks don’t distoryt the performance and characteristicsx of small-cap stocks in the index. “Membership in the Russellp indexes represents another milestone in the AIPC American Italian Pasta CEO Jack Kelly said in aTuesdahy release. “It recognizes the significant jump in America n ItalianPasta Co.
’s markety capitalization over the past year. The listinyg also provides another level of market visibilityh forthe company.” Membershi in the small-cap Russello 2000 Index automatically includes membershio in the larger Russell 3000 and Globa indexes. Kansas City-based American Italiahn Pasta (Nasdaq: AIPC) reportede that second-quarter earnings were nearly tripls those from the same period last year and that revenuer rose16 percent. In roughly the past AIPC has settled lingering problems stemming from a schemer by former executives to makethe company’s financial reports look good even as salea fell.
The scheme had fallen apart in August drawing lawsuits, pummeling the stock price and requiring the company to refilw financial statements. American Italian Pasta is the largesgt producer of dry pasta inNorth America. The companyg has about 650 employees and plants inExcelsioe Springs; Columbia, S.C.; Tolleson, Ariz.; and Italy.