Jasper Holdings Announces Record ESOP Value
Doug Bawel, Jasper chairman and CEO, announced 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.
A total of $17+ million in new shares were distributed to over 2,500 eligible associate-owners. Over the last 10 years, a total of $191 million in stock has been given to associate owners.
The share value continued its upward growth since the inception of its ESOP in 2009 at $2.30 per share. Bawel announced to associate owners, via company video, the 100% associate-owned company's new share value of $476.30, up $14.20/share.
"We've had some great growth in our share price, and today we have over $685 million of enterprise value," Bawel said. "Let's make sure we stay focused on what is in our control; a never-ending commitment to improvements in safety, quality, productivity, customer service, and reduction of waste."
As seen in Engine Builder magazine.