Jasper Holdings announced all-time corporate records at its recent annual meeting.
Jasper Chairman and CEO Doug Bawel says 2018 was a record year in revenue, income and EBITDA for the ESOP business. Total sales for Jasper Holdings, Inc. were $642,713,040, up 5.7 percent for the year, of which Jasper Engines & Transmissions sales were $402,910,027. Weller sales were $195,636,313, up 5.9 percent over 2017. Jasper Electric Motors sales were $5,848,528, up 5.5 percent over 2017, and Jasper Innovative Solutions were $41,485,715.
Bawel also shared that in 2018 Jasper opened branch locations in Jacksonville, Fla., Sacramento, Calif., along with acquiring a distributorship in Charleston, W.V. Weller opened branch locations in Indianapolis, Denver, and Portland, Ore. Branches under construction for 2019 include Lubbock, Texas, Pensacola, Fla., and a potential location in central California, Bawel adds.
He then announced the 2018 Share Price of $462.10, a 36 percent increase over their 2017 stock price. “Associate-Owners have outperformed 98 percent of all Publicly Traded Companies,” he says.
Jasper says 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.
“As of today, 541 Associate-Owners have over $100,000 in their ESOP accounts,” Bawel says, with the company adding Jasper Holdings currently has a market capitalization value in excess of $665 Million.
