Release Date: 
04/28/18

Associate-owner shareholders in the Jasper Engines & Transmissions Employee Stock Ownership Plan (ESOP) were treated to another record-setting share value announcement on April 26.

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 and CEO Doug Bawel announced the share value was $340.45 for 2017, up 54.4 percent over 2016.

"To put your company in perspective," Bawel told associate-owners, "the NASDAQ went up 28.3 percent, the S&P 500 went up 19.4 percent, and the Dow averaged 25.1 percent growth in 2017, and you averaged 54.4 percent."

"Your performance, compared to other publicly-traded companies, puts you in the top 2 percent of all public companies," Bawel shared while congratulating the associate-owners.

"Our goal is to outperform the markets by twice their value each year," he added. "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 remanufacturing plants, 75 branch locations and 3000-plus associate-owners across the United States.