JET hits record-setting share valueApril 24, 2019
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.
More on DuboisCountyHerald.com
Be honest. If someone asked you to spell “delicatessen” or “spontaneity” or...
The Southridge Middle School Spell Bowl team earned State Champion status Saturday at the...
Brightly colored balloons clung to the walls of Northeast Dubois High School science teacher...
A smile spread across Craig Weyer’s face Wednesday morning as the coffee beans turning in his...
French Lick Resort’s two newest attractions officially opened on Friday.
The bulk of Historic Fourth Street’s redesign is complete.
Mary (Fierst) Miller-Wright remembers the first time she flew.
A photo essay exploring diversity among Generation Z in Dubois and surrounding counties.