Jasper Holdings, Inc. Announces Record ESOP Value for 2024

 

Graphic: Jasper Holdings Inc. ESOP, shows stock ownership growth. Includes bar chart and dollar figure $1,295.15.

On April 29th, Associate-Owner Shareholders of Jasper Holdings, Inc. (JHI) Employee Stock Ownership Plan (ESOP) received some outstanding news. JHI Chairman/CEO Doug Bawel announced, “A new all-time record price of $1,295.15 per share based on their performance and market conditions, up $171.25 per share. This past year, we had an annual contribution of 15%, with the average contribution across JHI being 18% (including trust fund gain shares).” Bawel shared, “Our ESOP has been a game changer for our Associate-Owners, their Families, and the Communities where they live. Our ESOP is truly about Wealth Building for our Associate-Owners.”

Bawel added, “Today, we have a total of 3,419 active Associate-Shareholders and have distributed over $733 Million of stock since the inception of our ESOP. 1,813, or 53% of our Associate-Owners, have greater than $50,000 in stock, and 1,331, or 39% of our Associate-Owners have greater than $100,000 in stock. This is in addition to our matching 401k retirement plan, which has over $327 Million invested in a Fully Funded Trust Fund with a match of $7.0 Million in 2024, another all-time record.”

“Today, our market capitalization is in excess of $1.9 Billion, a $246 Million increase over 2023,” Bawel said. “In just 16 years, we have become the 27th largest ESOP and are one of America’s top performing ESOPs. We knew 2024 would have some challenges with continued shortages of certain parts along with the headwinds in our heavy-duty brands.”

“Our success is a reflection of our Associate-Owners and their commitment to making our Jasper Holdings companies world-class performers,” Bawel added. “We have been blessed with great Associate-Owners who have continued to stay focused on what is in our control, a never-ending commitment to improvements in Safety, Quality, Productivity, Customer Service, and Reduction of Waste. We are so thankful for our great Associate-Owners and wonderful Customers who have made it all possible.”

 

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