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    Everus Construction Group Set to Join S&P SmallCap 600

    10/29/24 5:57:00 PM ET
    $CLW
    $MDU
    $SPGI
    Paper
    Basic Materials
    Mining & Quarrying of Nonmetallic Minerals (No Fuels)
    Industrials
    Get the next $CLW alert in real time by email

    NEW YORK, Oct. 29, 2024 /PRNewswire/ -- Everus Construction Group Inc. (NYSE:ECG) will be added to the S&P SmallCap 600 effective prior to the opening of trading on Friday, November 1, replacing Clearwater Paper Corp. (NYSE:CLW), which will be removed from the S&P SmallCap 600 effective prior to the opening of trading on Monday, November 4. S&P SmallCap 600 constituent MDU Resources Group Inc. (NYSE:MDU) is spinning off Everus Construction Group in a transaction expected to be completed on November 1. Following the spin-off, the parent company MDU Resources Group will remain in the S&P SmallCap 600 but will change its Global Industry Classification Standard (GICS) sector from Industrials to Utilities. Clearwater Paper is no longer representative of the small-cap market space.

    Following is a summary of the changes that will take place prior to the open of trading on the effective date:

    Effective Date

    Index Name      

    Action

    Company Name

    Ticker

    GICS Sector

    November 1, 2024

    S&P SmallCap 600

    Addition

    Everus Construction Group

    ECG

    Industrials

    November 4, 2024

    S&P SmallCap 600

    Deletion

    Clearwater Paper

    CLW

    Materials

    For more information about S&P Dow Jones Indices, please visit www.spdji.com

    ABOUT S&P DOW JONES INDICES

    S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

    S&P Dow Jones Indices is a division of S&P Global (NYSE:SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

    FOR MORE INFORMATION:

    S&P Dow Jones Indices

    [email protected]

    Media Inquiries

    [email protected]

    Cision View original content:https://www.prnewswire.com/news-releases/everus-construction-group-set-to-join-sp-smallcap-600-302290746.html

    SOURCE S&P Dow Jones Indices

    Get the next $CLW alert in real time by email

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    Q&A

    New
    • When will Everus Construction Group Inc. be added to the S&P SmallCap 600?

      Everus Construction Group Inc. will be added to the S&P SmallCap 600 on November 1, 2024.

    • Which company is being removed from the S&P SmallCap 600 and when?

      Clearwater Paper Corp. will be removed from the S&P SmallCap 600 effective November 4, 2024.

    • What is the reason for Everus Construction Group Inc.'s addition to the S&P SmallCap 600?

      The addition of Everus Construction Group Inc. is due to a spin-off from MDU Resources Group Inc., which is expected to be completed on November 1, 2024.

    • What change will occur for MDU Resources Group Inc. following the spin-off of Everus Construction Group?

      MDU Resources Group Inc. will remain in the S&P SmallCap 600 but will change its GICS sector from Industrials to Utilities.

    • Why is Clearwater Paper Corp. being removed from the S&P SmallCap 600?

      Clearwater Paper is no longer representative of the small-cap market space.

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