Welcome to the 30th edition of The ESOP Builder – an internal publication only for the employees of JE Dunn Construction. Our goal is to keep everyone informed about the Employee Stock Ownership Plan and how the program impacts you as an employee-owner of JE Dunn.
We recently announced our 2023 share price, which is always an exciting time of the year! This edition of The ESOP Builder includes a letter from CFO Beth Soukup, a look at how Self-Perform benefits all of us as employee-owners, a project spotlight on CSU Spur, and more. A complete set of all ESOP information can be found on Connect. If you have ESOP questions that you cannot find answers to, please direct them to Anne Wright.
We are always looking for suggestions for The ESOP Builder content and ways to improve this publication. Please send feedback and ideas to Keli Schneider.
JE Dunn Construction Group, Inc. stock was valued at $74.40 per share as of December 31, 2023, an increase of $11.90 over the stock value of $62.50 as of December 31, 2022. Dividends paid for the year ended December 31, 2023, were $5.24 per share for a total return of 27.42% for JE Dunn shares.
The JE Dunn Construction Group, Inc. Board of Directors approved the following contributions into the JE Dunn Employee Stock Ownership Plan and Trust (ESOP) for 2023:
We anticipate ESOP participant statements will be available on the Principal Financial Group website by mid-April 2024. Statements will also be mailed to your home address by Principal Financial Group.
The ESOP Trust currently owns 27.36% of JE Dunn Construction Group, Inc. stock.
As we look ahead to 2024, we are currently forecasting 2024 construction revenue of approximately $7.9 billion, compared to 2023 construction revenue of $6.5 billion. Earnings before taxes as a percentage of construction revenue is currently forecasted at 2.55% for 2024. Final 2023 earnings before taxes as a percentage of construction revenue was 2.92% (which included a large investment gain of $49.5M which, if excluded, would change the percentage to 2.18%).
Click here to view a recap of our share price and annual return over the last seven years.
As an employee-owner, it’s refreshing to know that the entrepreneurial mindset, values, and success of the company aren’t reserved for just executives, but we as a whole, the employees, help make a difference to the business. I relish in the concept that every action and interaction I make internally and externally has a tangible impact on the outcome of JE Dunn’s future success.
91% of ESOP workers feel they can live comfortably in retirement compared to only 49% of non-ESOP retirees.
Employees at ESOP companies tend to earn higher wages and have greater savings than their peers in non-ESOP companies.
There are roughly 6,500 ESOP companies in the United States.
