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JASPER® Race Products Performance Report

JASPER® Race Products Performance Report

Kyle Busch Wins at Pocono with JASPER 4-Speed Transmission, Custer Wins Xfinity Race on Last Lap Pass

Kyle Busch, running a JASPER 4-Speed Transmission, won Sunday's Monster Energy NASCAR Cup Series Pocono 400.  Busch led a race-high 79 laps enroute to his fourth series win of the season.  Erik Jones was third, and Clint Bowyer was fifth.  Drivers using JASPER products finished in three of the top five positions, and six of the top ten, at the checkered flag.  Cole Custer, also running a JASPER 4-Speed Transmission, used a last lap pass in an overtime finish to win Saturday's NASCAR Xfinity Series Pocono Green 250 Recycled by J.P. Mascaro & Sons.  Chase Briscoe was third, and Christopher Bell was fifth, as drivers using JASPER products took three of the top five positions, and five of the top 10, at the finish.  Both races were held at Pocono Raceway.

A recap of this weekend's results from Pocono Raceway follows.

Monster Energy NASCAR Cup Series Pocono 400 - Pocono Raceway

1st     Kyle Busch #18  (JASPER 4-Speed Transmission)
3rd     Erik Jones #20  (JASPER 4-Speed Transmission)
5th     Clint Bowyer #14  (JASPER 4-Speed Transmission)
6th     Denny Hamlin #11  (JASPER 4-Speed Transmission)
8th     Daniel Suarez #41  (JASPER 4-Speed Transmission)
10th   Aric Almirola #10  (JASPER 4-Speed Transmission)
17th   Matt DiBenedetto #95  (JASPER 4-Speed Transmission)
21st    Bubba Wallace #43  (JASPER 4-Speed Transmission)
22nd   Kevin Harvick #4  (JASPER 4-Speed Transmission)
24th   Ross Chastain #15  (JASPER 4-Speed Transmission)
25th   Bayley Currey #51  (JASPER 4-Speed Transmission)
27th   Ty Dillon #13  (JASPER 4-Speed Transmission)
30th   David Ragan #38  (JASPER 4-Speed Transmission)
34th   J.J. Yeley #52  (JASPER 4-Speed Transmission)
35th   Martin Truex, Jr. #19  (JASPER 4-Speed Transmission)
36th   Corey Lajoie #32  (JASPER 4-Speed Transmission)
 

Monster Energy NASCAR Cup Series 2019 Points Standings

1st     Kyle Busch #18  (JASPER 4-Speed Transmission)
5th     Kevin Harvick #4  (JASPER 4-Speed Transmission)
6th     Denny Hamlin #11  (JASPER 4-Speed Transmission)
7th     Martin Truex, Jr. #19  (JASPER 4-Speed Transmission)
10th   Clint Bowyer #14  (JASPER 4-Speed Transmission)
12th   Aric Almirola #10  (JASPER 4-Speed Transmission)
13th   Daniel Suarez #41  (JASPER 4-Speed Transmission)
15th   Erik Jones #20  (JASPER 4-Speed Transmission)
23rd   Ty Dillon #13  (JASPER 4-Speed Transmission)
26th   Matt DiBenedetto #95  (JASPER 4-Speed Transmission)
27th   David Ragan #38  (JASPER 4-Speed Transmission)
28th   Bubba Wallace #43  (JASPER 4-Speed Transmission)
29th   Corey Lajoie #32  (JASPER 4-Speed Transmission)

NASCAR Xfinity Series Pocono Green 250 Recycled by J.P. Mascaro & Sons - Pocono Raceway

1st     Cole Custer #00  (JASPER 4-Speed Transmission) - Stage 1 Winner
3rd     Chase Briscoe #98  (JASPER 4-Speed Transmission)
5th     Christopher Bell #20  (JASPER 4-Speed Transmission)
9th     Justin Haley #11  (JASPER 4-Speed Transmission)
10th   Austin Dillon #10  (JASPER 4-Speed Transmission)
22nd  Jeffrey Earnhardt #18  (JASPER 4-Speed Transmission)
38th   Brandon Jones #19  (JASPER 4-Speed Transmission)

Charging What You Are Worth

Charging What You Are Worth

Of late there has been a lot of dialogue around my circles about being paid for the value you give and bring to your customer. I recently saw a survey of shops whose sales averaged $750,000 yet their net operating profit was only 2%. That is only a $15,000 average net operating Income before tax. This troubling stat begs the question: How do you continue to invest in the business and even provide a living wage for you and your team at that level of profit?

If you consider the investment you have and the hours you put in, even after your salary, all your hard work brought you a very small return on your investment. For some owners, they are happy with that because they want and have a job or even a hobby. Others are learning that a very small profit will not sustain the business and realizing that they must earn a higher net profit if they want to survive.

Profit is one of the reasons you are in business. It is the return on your investment; and yes, net profit makes your business more valuable to a potential buyer. A business coach recently mentioned that most shop owners do not realize that their business is the conduit to providing a living wage for you and your team; needless to mention a college education for your family and a nest egg for retirement. That sometimes is the deep realization that motivates owners to change and realize they need help running their business.

There is nothing wrong with asking for help. Humility is a great trait to have. Sometimes do not like to admit, that we do not have all the answers. Therefore, help from wise coaches and colleagues can be the difference in abundant success.

I would say that 98.9% of shop owners that I asked about raising their labor rate told me that they were the one who was most effected by the change. Most customers did not notice and did not even care. But raising your rate $10.00 may not be the correct move, why not $20.00? All too often you are so worried about the labor rate of the shop down the road or the dealer up the street. That is the wrong way to look at your rate. It is your value proposition to your customer that matters. Your investments in training, tools, equipment, subscriptions, facility and marketing, benefits help establish your rate. Of course, you do need to consider your market/s income demographic.

Okay, you decide to take a very serious look at your labor rate. There are many scientific ways to figure out your new labor rate. One of them is not what the guy down the street is charging or what the OE dealers get. You have got to consider all your labor costs and review your shops KPIs. Find someone in your network to help you ‘yellow pad’ the numbers, there are many that will help. I can even find someone who can help you, just send me an email. (carm@remarkableresults.biz)

Ask yourself if your new rate will provide a great value to your customer, even if you are the highest in your market? If your answer is yes, then it is easy to do.

Recently in podcast sessions we have discussed having multiple labor rates. We know that testing/diagnostic jobs in many cases do not come with a part sale. Typically, parts and labor make up 55/45 percent of every invoice.  As a shop owner, you know that profits are made on parts and on labor. When parts sales are not a significant part of a diagnostic procedure, you are missing out on the parts profit unless you have a different and higher testing/diagnostic labor rate.

Recently, a shop owner posted a special (higher) labor rate on vehicles that are 25 years and older. He is in the Southwest where cars last a long time. As he came to find out, through the school of hard knocks, he was losing money on these vehicles because of the time they were spending on the repair. I can only believe that in the North where salt is used on the roads the factor jumps even higher. He did not lose one customer.

Fear seems to be the biggest reason that many shop owners do not adjust their labor rates. You will convince yourself that you will lose business. I am not saying that it may happen, but most of the shop owners that did raise their rate wonder why it took so long to do so.

You know what it costs you to do business. You are bombarded everyday with price increases from services you use to run your business. There are also new marketing tools you would like to implement. There are raises and benefits to provide your people. All of that takes money. How will you ever start on the road to extreme profits unless you take a serious look at your labor rate.

Your peers have covered this topic in a great way on the aftermarket’s premier podcast. These long form audio forums make you the fly on the wall in every conversation and give you a ringside seat in the great networking world of podcasting. I am attaching a URL that will search the site for all podcasts where we cover labor rates. Pick out a few and listen, then take the steps to a financially healthier company and you.  http://bit.ly/2K9RCg2

 

Carm Capriotto
Aftermarket Influencer And Host Of Remarkable Results Radio and the Town Hall Academy Podcasts, Where the Business of the Aftermarket is Spoken.
www.remarkableresults.biz

JASPER® Race Products Performance Report

JASPER® Race Products Performance Report

Truex Jr. Wins at Charlotte with JASPER 4-Speed Transmission 

Martin Truex, Jr., running a JASPER 4-Speed Transmission, won Sunday's Monster Energy NASCAR Cup Series Coca-Cola 600.  Truex Jr. overcame early contact with the turn four wall, after a right front tire puncture, and made a four-wide pass for the lead during the race's final restart on lap 396, to notch his third series win of the season.  Kyle Busch was third as drivers using JASPER products finished in three of the top 10 positions at the checkered flag.  Jeffrey Earnhardt, also running a JASPER 4-Speed Transmission, finished third in Saturday's NASCAR Xfinity Series Alsco 300.  Justin Haley was fifth as drivers using JASPER products took three of the top ten positions at the finish.  Both races were held at Charlotte Motor Speedway.

A recap of this weekend's results from Charlotte Motor Speedway follows.

Monster Energy NASCAR Cup Series Coca-Cola 600 - Charlotte Motor Speedway

1st     Martin Truex, Jr. #19  (JASPER 4-Speed Transmission) - Stage 3 Winner
3rd     Kyle Busch #18  (JASPER 4-Speed Transmission)
10th   Kevin Harvick #4  (JASPER 4-Speed Transmission)
11th   Aric Almirola #10  (JASPER 4-Speed Transmission)
12th   Corey Lajoie #32  (JASPER 4-Speed Transmission)
15th   David Ragan #38  (JASPER 4-Speed Transmission)
17th   Denny Hamlin #11  (JASPER 4-Speed Transmission)
18th   Daniel Suarez #41  (JASPER 4-Speed Transmission)
23rd   Ty Dillon #13  (JASPER 4-Speed Transmission)
24th   Clint Bowyer #14  (JASPER 4-Speed Transmission)
25th   Bubba Wallace #43  (JASPER 4-Speed Transmission)
26th   Parker Kligerman #96  (JASPER 4-Speed Transmission)
32nd  Joey Gase #66  (JASPER 4-Speed Transmission)
35th   Bayley Currey #52  (JASPER 4-Speed Transmission)
36th   Ross Chastain #15  (JASPER 4-Speed Transmission)
38th   Cody Ware #51  (JASPER 4-Speed Transmission)
39th   Matt DiBenedetto #95  (JASPER 4-Speed Transmission)
40th   Erik Jones #20  (JASPER 4-Speed Transmission)
 

Monster Energy NASCAR Cup Series 2019 Points Standings

1st     Kyle Busch #18  (JASPER 4-Speed Transmission)
4th     Kevin Harvick #4  (JASPER 4-Speed Transmission)
6th     Martin Truex, Jr. #19  (JASPER 4-Speed Transmission)
7th     Denny Hamlin #11  (JASPER 4-Speed Transmission)
11th   Clint Bowyer #14  (JASPER 4-Speed Transmission)
12th   Aric Almirola #10  (JASPER 4-Speed Transmission)
13th   Daniel Suarez #41  (JASPER 4-Speed Transmission)
17th   Erik Jones #20  (JASPER 4-Speed Transmission)
23rd   Ty Dillon #13  (JASPER 4-Speed Transmission)
26th   Matt DiBenedetto #95  (JASPER 4-Speed Transmission)
27th   David Ragan #38  (JASPER 4-Speed Transmission)
28th   Corey Lajoie #32  (JASPER 4-Speed Transmission)
29th   Bubba Wallace #43  (JASPER 4-Speed Transmission)
 

NASCAR Xfinity Series Alsco 300 - Charlotte Motor Speedway

3rd     Jeffrey Earnhardt #18  (JASPER 4-Speed Transmission)
5th     Justin Haley #11  (JASPER 4-Speed Transmission)
10th   Brandon Jones #19  (JASPER 4-Speed Transmission)
19th   Chase Briscoe #98  (JASPER 4-Speed Transmission)
24th   Cole Custer #00  (JASPER 4-Speed Transmission)
28th   Austin Dillon #10  (JASPER 4-Speed Transmission)
31st   Christopher Bell #20  (JASPER 4-Speed Transmission) - Stage 1 Winner

 

JASPER® Race Products Performance Report

JASPER® Race Products Performance Report
 

Dillion Finishes 2nd at Charlotte Motor Speedway with JASPER 4-Speed Transmission 

Ty Dillon, running a JASPER 4-Speed Transmission, finished second in Saturday's Monster Energy NASCAR Cup Series Monster Energy Open at Charlotte Motor Speedway. Matt DiBenedetto was fourth as drivers using JASPER products finished in four of the top 10 positions at the checkered flag.

A recap of the results from Charlotte Motor Speedway follows.

Monster Energy NASCAR Cup Series Monster Energy Open - Charlotte Motor Speedway

2nd    Ty Dillon #13  (JASPER 4-Speed Transmission)
4th     Matt DiBenedetto #95  (JASPER 4-Speed Transmission)
8th     David Ragan #38  (JASPER 4-Speed Transmission)
9th     Corey LaJoie #32  (JASPER 4-Speed Transmission)
12th   Daniel Suarez #41  (JASPER 4-Speed Transmission)
17th   Bubba Wallace #43  (JASPER 4-Speed Transmission)
19th   Cody Ware #51  (JASPER 4-Speed Transmission)
20th   Ross Chastain #15  (JASPER 4-Speed Transmission)
21st   Joey Gase #46  (JASPER 4-Speed Transmission)
24th   B.J. McLeod #53  (JASPER 4-Speed Transmission)
 

JASPER® Race Products Performance Report

JASPER® Race Products Performance Report

Jones Finishes 3rd at Kansas with JASPER 4-Speed Transmission 

Erik Jones, running a JASPER 4-Speed Transmission, finished third in Saturday's Monster Energy NASCAR Cup Series Digital Ally 400 at Kansas Speedway.  Clint Bowyer was fifth as drivers using JASPER products finished in two of the top five positions at the checkered flag.

A recap of the results from Kansas Speedway follows.

Monster Energy NASCAR Cup Series - Digital Ally 400 - Kansas Speedway

3rd      Erik Jones #20 (JASPER 4-Speed Transmission)
5th      Clint Bowyer #14 (JASPER 4-Speed Transmission)
12th    Aric Almirola #10 (JASPER 4-Speed Transmission)
13th    Kevin Harvick #4 (JASPER 4-Speed Transmission) - Stage 1 Winner
14th    Daniel Suarez #41 (JASPER 4-Speed Transmission)
16th    Denny Hamlin #11 (JASPER 4-Speed Transmission)
19th    Martin Truex, Jr. #19 (JASPER 4-Speed Transmission)
22nd   Corey Lajoie #32 (JASPER 4-Speed Transmission)
27th    David Ragan #38 (JASPER 4-Speed Transmission)
28th    Ty Dillon #13 (JASPER 4-Speed Transmission)
29th    Bubba Wallace #43 (JASPER 4-Speed Transmission)
30th    Kyle Busch #18 (JASPER 4-Speed Transmission)
31st    Ross Chastain #15 (JASPER 4-Speed Transmission)
33rd    Bayley Currey #52 (JASPER 4-Speed Transmission)
36th    Matt DiBenedetto #95 (JASPER 4-Speed Transmission)
39th    Timmy Hill #66 (JASPER 4-Speed Transmission)
40th    Cody Ware #51 (JASPER 4-Speed Transmission)

Monster Energy NASCAR Cup Series 2019 Points Standings

2nd     Kyle Busch #18 (JASPER 4-Speed Transmission)
3rd      Kevin Harvick #4 (JASPER 4-Speed Transmission)
6th      Denny Hamlin #11 (JASPER 4-Speed Transmission)
7th      Martin Truex, Jr. #19 (JASPER 4-Speed Transmission)
9th      Clint Bowyer #14 (JASPER 4-Speed Transmission)
11th    Aric Almirola #10 (JASPER 4-Speed Transmission)
13th    Daniel Suarez #41 (JASPER 4-Speed Transmission)
14th    Erik Jones #20 (JASPER 4-Speed Transmission)
22nd   Ty Dillon #13 (JASPER 4-Speed Transmission)
25th    Matt DiBenedetto #95 (JASPER 4-Speed Transmission)
27th    David Ragan #38 (JASPER 4-Speed Transmission)
28th    Corey Lajoie #32 (JASPER 4-Speed Transmission)
29th    Bubba Wallace #43 (JASPER 4-Speed Transmission)

JASPER® Race Products Performance Report

JASPER® Race Products Performance Report

Truex Wins at Dover with JASPER 4-Speed Transmission, Bell Wins in NASCAR Xfinity Series 

Martin Truex, Jr., running a JASPER 4-Speed Transmission, won Monday's rain-delayed Monster Energy NASCAR Cup Series Gander RV 400.  Despite starting at the rear of the field due to pre-race inspection penalties, Truex rebounded to earn his second series win of 2019.  Kevin Harvick finished fourth as drivers using JASPER products finished in two of the top five positions, and five of the top ten, at the checkered flag.  Christopher Bell, also running a JASPER 4-Speed Transmission, won Saturday's NASCAR Xfinity Series Allied Steel Buildings 200.  Cole Custer was fourth, and Chase Briscoe fifth, as drivers using JASPER products took three of the top five positions, and four of the top ten, at the finish.  Both races were held at Dover International Speedway.

A recap of the results from Dover International Speedway follows.

Monster Energy NASCAR Cup Series - Gander RV 400 - Dover International Speedway

1st      Martin Truex, Jr. #19 (JASPER 4-Speed Transmission) - Stage 2 Winner
4th      Kevin Harvick #4 (JASPER 4-Speed Transmission)
6th      Erik Jones #20 (JASPER 4-Speed Transmission)
9th      Clint Bowyer #14 (JASPER 4-Speed Transmission)
10th    Kyle Busch #18 (JASPER 4-Speed Transmission)
11th    Daniel Suarez #41 (JASPER 4-Speed Transmission)
16th    Aric Almirola #10 (JASPER 4-Speed Transmission)
20th    Matt DiBenedetto #95 (JASPER 4-Speed Transmission)
21st    Denny Hamlin #11 (JASPER 4-Speed Transmission)
22nd   Ty Dillon #13 (JASPER 4-Speed Transmission)
26th    David Ragan #38 (JASPER 4-Speed Transmission)
27th    Bubba Wallace #43 (JASPER 4-Speed Transmission)
29th    Corey Lajoie #32 (JASPER 4-Speed Transmission)
30th    Ross Chastain #15 (JASPER 4-Speed Transmission)
34th    Cody Ware #51 (JASPER 4-Speed Transmission)
37th    BJ McLeod #52 (JASPER 4-Speed Transmission)

Monster Energy NASCAR Cup Series 2019 Points Standings

1st      Kyle Busch #18 (JASPER 4-Speed Transmission)
3rd      Kevin Harvick #4 (JASPER 4-Speed Transmission)
4th      Denny Hamlin #11 (JASPER 4-Speed Transmission)
5th      Martin Truex, Jr. #19 (JASPER 4-Speed Transmission)
10th    Clint Bowyer #14 (JASPER 4-Speed Transmission)
11th    Aric Almirola #10 (JASPER 4-Speed Transmission)
12th    Daniel Suarez #41 (JASPER 4-Speed Transmission)
16th    Erik Jones #20 (JASPER 4-Speed Transmission)
22nd   Ty Dillon #13 (JASPER 4-Speed Transmission)
25th    Matt DiBenedetto #95 (JASPER 4-Speed Transmission)
27th    David Ragan #38 (JASPER 4-Speed Transmission)
28th    Bubba Wallace #43 (JASPER 4-Speed Transmission)
29th    Corey Lajoie #32 (JASPER 4-Speed Transmission)

NASCAR Xfinity Series - Allied Steel Buildings 200 - Dover International Speedway

1st      Christopher Bell #20 (JASPER 4-Speed Transmission)
4th      Cole Custer #00 (JASPER 4-Speed Transmission)
5th      Chase Briscoe #98 (JASPER 4-Speed Transmission)
7th      Brandon Jones #19 (JASPER 4-Speed Transmission)
15th    Riley Herbst #18 (JASPER 4-Speed Transmission)
17th    Justin Haley #11 (JASPER 4-Speed Transmission)

 

Do You Know the Enemy of Leadership?

Do You Know the Enemy of Leadership?

In my lifetime I can recall a few life lessons that continue to haunt me. I would bet, and surely win, if we had an honest one-on-one session and compared leadership blunders, my bet is that you micromanaged your way to become a leader and failed, just like me.

It took me some time to realize my mistakes. One of my big breakthroughs was when my team finally confronted me and said, ‘You do it because we will never get it right in the world according to Carm.’

I thought I had explained exactly how I wanted it done. In retrospect, they did a pretty good job on the project/task I gave them, but it was not ‘my way’. So, I re-did the project myself. I was demonstrating that I had no faith, trust or belief in them. 

It took some time for it all to sink in. It has been 35 years and I can recall it like it was yesterday. That was one of my biggest lessons, yet it took a few more years for it to all sink in. One of my remedies was reading leadership books, attending seminars/conferences and networking.  I thought I was practicing leadership, but I was in left field. I was not engaging and supporting my people. It was ‘my way’ or the highway. Sound familiar?

Why do we micromanage? We put everything on the line to start our business. We must be the smartest; the ‘answer man’ or woman; the expert. You embed yourself as the hub of the wheel and micromanaging creeps up on you. You feel the pressure to be all things to all people. When your people want to help, support and contribute to the business, it goes in one ear and out the other. If it does you do not listen to learn or understand.

When I think back, no-one had an original thought or an idea to help the business. I wonder why? I was proving to the world that ‘my way’ was the best. I would be bias on having the best ideas or making every great decision (how wrong I was to think like that).  In retrospect, what would the business or my world be like had I embraced, so much earlier in my career, that “Leadership is influence, nothing more, nothing less.” (My favorite quote from John Maxwell)

Let me encourage you to make big changes and build a culture of inclusion in your team, business and life. Therefore, stop micromanaging. Quit making every decision. Stop being the center of the wheel and thinking that you are the only one who has all the right answers.

 Start by creating your business values with your team. Ask for their input on policies, procedures and issues. Support their decisions, even when their means to an end gets the job done and does not agree with yours. When people implement their own ideas, they own them.

Understand your role. If you are the president or CEO, manager or team leader you can become a great leader and influencer of people. Your job is not to micromanage every detail of your world around you. If you are just starting, then you have a more critical role in the day to day business. However, if you have plans to grow, and you should, practice being a great leader, it will aid that growth and build a team that will help you reach your goals.

If you can relate to any part of this article, then please spend some time with Town Hall Academy Episode 93. It is all about micromanaging.  I am confident that the time you spend watching the webcast or listening to the podcast will really help set a good direction for you to find your leadership stride by minimizing your micromanaging ways.

Carm Capriotto
Aftermarket Influencer and Host of Remarkable Results Radio and the Town Hall Academy Podcasts

https://remarkableresults.biz/a093/

JASPER® Race Products Performance Report

JASPER® Race Products Performance Report

Top 10 Finishes at Talladega with JASPER 4-Speed Transmission, Bell 3rd in NASCAR Xfinity Series 

Drivers running a JASPER 4-Speed Transmission took two of the top ten finishing positions in Sunday's Monster Energy NASCAR Cup Series GEICO 500.  Aric Almirola finished 9th and Kyle Busch was 10th.  Christopher Bell, also running a JASPER 4-Speed Transmission, finished 3rd in Saturday's NASCAR Xfinity Series MoneyLion 300.  Chase Briscoe was 4th, as drivers using JASPER products took two of the top five finishing positions, and three of the top ten, at the checkered flag.  Both races were held at Talladega Superspeedway.

A recap of the results from this weekend's races at Talladega Superspeedway follows.

Monster Energy NASCAR Cup Series - GEICO 500 - Talladega Superspeedway

9th      Aric Almirola #10 (JASPER 4-Speed Transmission)
10th    Kyle Busch #18 (JASPER 4-Speed Transmission)
11th    Corey Lajoie #32 (JASPER 4-Speed Transmission)
12th    Daniel Suarez #41 (JASPER 4-Speed Transmission)
17th    Ty Dillon #13 (JASPER 4-Speed Transmission) - Stage 1 Winner
19th    Erik Jones #20 (JASPER 4-Speed Transmission)
20th    Martin Truex, Jr. #19 (JASPER 4-Speed Transmission)
23rd    David Ragan #38 (JASPER 4-Speed Transmission)
26th    Ross Chastain #15 (JASPER 4-Speed Transmission)
27th    Parker Kligerman #96 (JASPER 4-Speed Transmission)
28th    Cody Ware #51 (JASPER 4-Speed Transmission)
29th    Clint Bowyer #14 (JASPER 4-Speed Transmission)
31st    Matt DiBenedetto #95 (JASPER 4-Speed Transmission)
35th    Stanton Barrett #52 (JASPER 4-Speed Transmission)
36th    Denny Hamlin #11 (JASPER 4-Speed Transmission)
38th    Kevin Harvick #4 (JASPER 4-Speed Transmission)
39th    Bubba Wallace #43 (JASPER 4-Speed Transmission)

 

Monster Energy NASCAR Cup Series 2019 Points Standings

1st      Kyle Busch #18 (JASPER 4-Speed Transmission)
3rd     Denny Hamlin #11 (JASPER 4-Speed Transmission)
4th      Kevin Harvick #4 (JASPER 4-Speed Transmission)
6th      Martin Truex, Jr. #19 (JASPER 4-Speed Transmission)
10th    Clint Bowyer #14 (JASPER 4-Speed Transmission)
11th    Aric Almirola #10 (JASPER 4-Speed Transmission)
12th    Daniel Suarez #41 (JASPER 4-Speed Transmission)
18th    Erik Jones #20 (JASPER 4-Speed Transmission)
22nd    Ty Dillon #13 (JASPER 4-Speed Transmission)
25th    Matt DiBenedetto #95 (JASPER 4-Speed Transmission)
27th    David Ragan #32 (JASPER 4-Speed Transmission)
28th    Bubba Wallace #43 (JASPER 4-Speed Transmission)
29th    Corey Lajoie #32 (JASPER 4-Speed Transmission)

 

NASCAR Xfinity Series - MoneyLion 300 - Talladega Superspeedway

3rd      Christopher Bell #20 (JASPER 4-Speed Transmission)
4th      Chase Briscoe #98 (JASPER 4-Speed Transmission)
7th      Justin Haley #11 (JASPER 4-Speed Transmission)
18th    Brandon Jones #19 (JASPER 4-Speed Transmission)
26th    Jeffrey Earnhardt #18 (JASPER 4-Speed Transmission)
32nd    Cole Custer #00 (JASPER 4-Speed Transmission)

Record-Setting ESOP Share Value!!

Jasper Engines & Transmissions Announces Record-Setting ESOP Share Value!



Doug Bawel, Chairman/CEO, started the Jasper Holdings, Inc. annual meeting with a Thank You.  He then asked Steve Fleck, Company Chaplain, to open with a prayer.  The meeting was held at their corporate facility, and live-streamed to other facilities.  Bawel quickly got into the Audited Results for 2018, announcing a new all-time record year in Revenue, Income and EBITDA.  He thanked all 3,000+ Associate-Owners for making the past year such a great success.

Total sales for Jasper Holdings, Inc. were $642,713,040, up 5.7% for the year, of which Jasper Engines & Transmissions sales were $402,910,027.  Weller sales were $195,636,313, up 5.9% over 2017.  Jasper Electric Motors sales were $5,848,528, up 5.5% over 2017, and Jasper Innovative Solutions were $41,485,715.  Bawel shared that in 2018, JASPER opened branch locations in Jacksonville, FL, Sacramento, CA, along with acquiring a distributorship in Charleston, WV.  Weller opened branch locations in Indianapolis, IN, Denver, CO, and Portland, OR.  Branches under construction for 2019 include Lubbock, TX, Pensacola, FL, and a potential location in central California.

 



Bawel then announced the 2018 Share Price of $462.10, a 36% increase over their 2017 stock price.  He went on to add, “Associate-Owners have outperformed 98% of all Publicly Traded Companies.”  Bawel thanked all Associate-Owners for their commitment to a never ending improvement in Safety, Quality, Productivity, Customer Service and Reduction of Waste.  A total of 34,654 shares will be issued today, bringing a total of 365,885 shares issued, totaling over $169 Million in stock given to our Associate-Owners since 2010.  Bawel added, “as of today, 541 Associate-Owners have over $100,000 in their ESOP accounts.”  Jasper Holdings, Inc. currently has a market capitalization value in excess of $665 Million.

Q&A followed with a look at the first quarter.  Bawel ended the meeting thanking every Associate-Owner for a job well done.

JASPER® Race Products Performance Report

JASPER® Race Products Performance Report

Truex Wins at Richmond with JASPER 4-Speed Transmission, Custer wins in NASCAR Xfinity Series 

Martin Truex, Jr., running a JASPER 4-Speed Transmission, won Saturday's Monster Energy NASCAR Cup Series Toyota Owners 400.  Truex led 186 of the 400 laps for his first series win of the year.  Clint Bowyer finished third, Kevin Harvick was fourth, and Denny Hamlin fifth.  Drivers using JASPER products took four of the top five finishing positions, and five of the top ten, at the checkered flag.  Cole Custer, also running a JASPER 4-Speed Transmission, earned his second NASCAR Xfinity Series victory of the season, winning Friday's ToyotaCare 250.  Drivers using JASPER products took four of the top ten positions at the finish.  Both races were held at Richmond Raceway.

A recap of the results from this weekend's races at Richmond Raceway follows.

Monster Energy NASCAR Cup Series - Toyota Owners 400 - Richmond Raceway

1st      Martin Truex, Jr. #19 (JASPER 4-Speed Transmission)
3rd      Clint Bowyer #14 (JASPER 4-Speed Transmission)
4th      Kevin Harvick #4 (JASPER 4-Speed Transmission)
5th      Denny Hamlin #11 (JASPER 4-Speed Transmission)
8th      Kyle Busch #18 (JASPER 4-Speed Transmission) - Stage 1 Winner
14th    Erik Jones #20 (JASPER 4-Speed Transmission)
18th    Daniel Suarez #41 (JASPER 4-Speed Transmission)
21st    Ty Dillon #13 (JASPER 4-Speed Transmission)
23rd    Aric Almirola #10 (JASPER 4-Speed Transmission)
24th    Matt DiBenedetto #95 (JASPER 4-Speed Transmission)
26th    Corey Lajoie #32 (JASPER 4-Speed Transmission)
27th    Bubba Wallace #43 (JASPER 4-Speed Transmission)
28th    David Ragan #38 (JASPER 4-Speed Transmission)
30th    Ross Chastain #15 (JASPER 4-Speed Transmission)
31st    Jeb Burton #51 (JASPER 4-Speed Transmission)
32nd   Bayley Currey #52 (JASPER 4-Speed Transmission)
33rd    Joey Gase #66 (JASPER 4-Speed Transmission)

Monster Energy NASCAR Cup Series 2019 Points Standings

1st      Kyle Busch #18 (JASPER 4-Speed Transmission)
3rd     Denny Hamlin #11 (JASPER 4-Speed Transmission)
4th      Kevin Harvick #4 (JASPER 4-Speed Transmission)
6th      Martin Truex, Jr. #19 (JASPER 4-Speed Transmission)
8th      Clint Bowyer #14 (JASPER 4-Speed Transmission)
11th    Aric Almirola #10 (JASPER 4-Speed Transmission)
12th    Daniel Suarez #41 (JASPER 4-Speed Transmission)
17th    Erik Jones #20 (JASPER 4-Speed Transmission)
22nd    Ty Dillon #13 (JASPER 4-Speed Transmission)
24th    Matt DiBenedetto #95 (JASPER 4-Speed Transmission)
26th    Bubba Wallace #43 (JASPER 4-Speed Transmission)
27th    David Ragan #38 (JASPER 4-Speed Transmission)
30th    Corey Lajoie #32 (JASPER 4-Speed Transmission)

NASCAR Xfinity Series - ToyotaCare 250 - Richmond Raceway

1st      Cole Custer #00 (JASPER 4-Speed Transmission) - Stage 2 Winner
8th      Chase Briscoe #98 (JASPER 4-Speed Transmission)
9th      Riley Herbst #18 (JASPER 4-Speed Transmission)
10th    Justin Haley #11 (JASPER 4-Speed Transmission)
12th    Elliot Sadler #10 (JASPER 4-Speed Transmission)
16th    Christopher Bell #20 (JASPER 4-Speed Transmission)
33rd    Brandon Jones #19 (JASPER 4-Speed Transmission)