From Local Sources
JASPER -- Associate-Owner shareholders in the Jasper Engines & Transmissions Employee Stock Ownership Plan (ESOP) were treated to another record-setting share value April 26th. A total of nearly $12,000,000 in new shares were distributed to over 2,400 eligible Associate-Owners.
JASPER share value continues to experience rocket ship growth since the inception of its ESOP in 2009 at $2.30 per share. JASPER Chairman/CEO Doug Bawel was thrilled to announce to Associate-Owners the 100% Associate-Owned company’s new share value was $340.45 for 2017, up 54.4% over 2016!
“To put your company in perspective,” Bawel told Associate-Owners, “the NASDAQ went up 28.3%, the S & P 500 went up 19.4%, and the Dow averaged 25.1% growth in 2017, and you averaged 54.4%.”
Bawel shared, “Your performance, compared to other publicly-traded companies, puts you in the top 2% of all Public Companies. Congratulations!”
“Our goal is to outperform the markets by twice their value each year,” he said. “So let’s make sure we stay focused on what is in our control, our commitments to Safety, Quality, Productivity, Customer Service and the Reduction of Waste.”
Today, Jasper-Weller has 11 re-manufacturing plants, 75 branch locations and 3000+ Associate-Owners across the United States.