Associate-Owner shareholders in the Jasper Engines & Transmissions Employee Stock Ownership Plan (ESOP) were treated to another record-setting share value April 25th. A total of $9,963,676 in new shares was distributed to 2,316 eligible Associate-Owners.
JASPER® share value has experienced 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 $220.55 for 2016, up 20.6% over 2015!
“To put your company in perspective,” Bawel told Associate-Owners, “the NASDAQ, S & P 500, and the Dow averaged 10.1% growth in 2016, and you averaged 20.6%, which is double what those three did last year.”
Bawel shared, “JASPER has been blessed, and has so much to be thankful for, including four record-setting years.” He added the company is very thankful for all the hours, efforts and 18,400+ Continuous Improvement ideas of our Associate-Owners in making 2016 such a success. “As you can see, we have had great growth in our share value since we started our plan, and we have outperformed Apple, Ford, Microsoft, General Electric and 98% of all publicly-traded companies.
“If we stay committed to Safety, Quality, Productivity, Customer Service and Reduction of Waste, we can, and will continue, to be very successful,” he added.
Today, Jasper-Weller has 11 remanufacturing plants, 75 branch locations and 3000+ Associate-Owners across the United States.