| December 2023 Candlestick
Message from the President
We are pleased to share the exciting news that Alamon and our employee owners had a very successful fiscal year 2023. This was achieved through the collective efforts and dedication of all our employees.
Alamon’s commitment to its ESOP model, where employees have a stake in the company’s success, has proven to be a driving force behind our accomplishments. This year’s achievements serve as a testament to the hard work, innovation, and collaborative spirit exhibited by everyone.
Thank you for your outstanding contributions and commitment, which have not only bolstered the company’s performance but also exemplify the power of employee ownership in fostering economic prosperity.
If you haven’t had a chance to see our ESOP Town Hall video, we encourage you to watch it here. Not only is it insightful, it is entertaining.
Thanks again for all your efforts.
Brad Cronk
President
Watch the 2023 ESOP Town Hall to learn more about how the ESOP works, Alamon’s record-setting fiscal year 2023, and the company’s plans for 2024.
Alamon Chief Operating Officer Scott Lawrence (2nd from right) and Utility West Operations Manager Nathan Anunson (far right) answer ESOP questions from Utility West inspectors Nathaneal Mathison (far left) and Clayton Davis (2nd from left).
This is a good time to work at Alamon. The past year has been outstanding from a revenue generation standpoint, and the recent dramatic leap in the company’s share price reflects that (see the details here). The increased share price directly boosts the value of the Employee Stock Ownership Plan, which everyone* participates in.
As Alamon Chief Operating Officer Scott Lawrence recently pointed out to Utility West inspection teams working in Ephrata, WA, “when you work at an employee-owned company, there’s no ‘fat cat’ at the top of the organization making the lion’s share of the money from your hard work.”
Simply put, when Alamon succeeds, we all succeed. ESOP companies provide employees a greater level of participation in the growth and success of the company, which has been shown to increase employee and company performance.
President Brad Cronk firmly believes in the ESOP. “It is so difficult today to save money for retirement. The ESOP is the best solution to that problem, and it’s a great way to generate significant wealth for retirement by simply working hard, doing the right thing, and taking great care of our customers.”
Did you know that your Employee Stock Ownership Plan is funded entirely by Alamon? It is. Nothing comes out of your paycheck. Find answers to the most common ESOP questions, and take a closer look at the results of Alamon’s fiscal year 2023 HERE.
*Employees enter the Employee Stock Ownership Plan at fiscal year-end, after working 1,000 hours and having been employed at Alamon on June 30th (the last day of our fiscal year).
The Utility East Group honored outstanding team members with their first annual Employee Appreciation Day. View photos and see the faces behind one of Alamon’s best turnaround stories in 2023.
Operations Support Specialist Amanda Staggs has been with Alamon for over 20 years, and is universally recognized for her professionalism, positive presence and willingness to help co-workers. Having served all departments in a variety of roles over the years, Amanda has great advice for what it takes to be successful at Alamon.
Alamon’s Technology team is making great strides toward setting our Utility Services department apart from the competition by modernizing the process of data collection, management and validation needed for accurate utility pole inspections.
Alamon’s Alatrac data collection software not only enhances our ability to serve our customers from a data accuracy and verification standpoint, it also provides remote workforce management tools that other platforms don’t.
ContractorScore.com evaluates contractors and measures key aspects of their financial and management capacity as a service to companies who are seeking suitable contractors.
In its most recent evaluation of Alamon, ContractorScore.com assigned a strong score that places the company firmly in the “Excellent” category. Exactly how excellent is Alamon? Read more HERE to find out.
Alamon has vast capabilities when it comes to infrastructure services. You may have a good grasp of what your particular department does for customers, but do you know what everyone else does?
Test your knowledge and see how comprehensive our service offerings actually are by reading more HERE.
ETS TECH NEWS
Problem-Solving with 3D Printing
Alamon’s ETS team is currently upgrading the communications infrastructure system at the Veterans Hospital in Reno, Nevada.
While running more than 6,000 Category A cables throughout the medical campus, they discovered problems that required an innovative solution.
ETS leveraged the skills and equipment they have in-house and was able to improve the quality of the installations, while also saving time and money.
Learn how ETS embraced the future and used 3D printing technology to their advantage.
Since we are an employee-owned company, outstanding employee performance at Alamon leads to greater ESOP value for everyone. Please take a minute to recognize our talented ESOP All-Star employee-owners who are doing outstanding work and making big contributions.
Alamon’s Energy Services team continues to make strides toward growing our footprint in the southwestern U.S. Gaining licenses in key states has been a vital part of the process, and that important work has been in the capable hands of Justin Pratt and Nathan Anunson.
Alamon teams from around the country gathered in Kalispell in early August to share ideas, plan for the new fiscal year, and spend some social time getting caught up with each other. Check out the photos and videos from the 2023 Summer Meetings.