JET hits record-setting share value

From Local Sources

JASPER — Jasper Engines & Transmissions announced a record-setting share value during the company’s recent annual Employee Stock Ownership Plan shareholders meeting.

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. 

Chairman and CEO Doug Bawel shared that in 2018, Jasper Engines opened branch locations in Jacksonville, Florida, and Sacramento, California, and acquired a distributorship in Charleston, West Virginia. Weller opened branch locations in Indianapolis, Denver and Portland, Oregon. Branches under construction for 2019 include Lubbock, Texas, Pensacola, Florida, and a potential location in central California.

Bawel announced the 2018 share price of $462.10, a 36% increase over their 2017 stock price.

He added: “Associate-Owners have outperformed 98% of all Publicly Traded Companies.”

A total of 34,654 shares were issued Tuesday, bringing a total of 365,885 shares issued, totaling over $169 million in stock given to Associate-Owners since 2010.

Jasper Holdings, Inc. currently has a market capitalization value in excess of $665 million.

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