Johnson County business news: May 18

M/I Homes opens new Bargersville community

M/I Homes is holding the grand opening of its newest community, Sawyer Walk, in Bargersville today from noon to 6 p.m. and invites community members and prospective homebuyers to attend the open house.

This event, located at 3821 State Road 144, they will allow guests to tour three model homes, explore the community and speak directly with a new home consultant.

Nineveh laundromat holding grand opening

Lakeside Laundry is having a grand opening today at 7 a.m., daily hours are Sunday-Thursday 7 a.m. to 10 p.m. and Friday and Saturday 7 a.m. to 11 p.m. This is a self-serve laundromat, which means someone will not always be on site but doors will be open during those hours.

The laundromat is located at 1056 E. County Road 775 S., Nineveh. They also offer a wash, dry and fold service for those interested. If interested email at [email protected].

IBC reports record quarterly profits

IBC Advanced Alloys Corp. recorded its highest-ever quarterly net income in the quarter of $1.36 million, or $0.01 per share, on sales of $10.2 million. Both net income and sales revenue set new quarterly records for the company. Consolidated sales of $34.3 million on a TTM basis and sales of $27.0 million in the nine-month period ended March 31 also were the highest ever recorded.

This record performance was driven largely by increased sales and stronger gross margin performance in IBC’s Copper Alloys division, coupled with higher sales revenue from the Engineered Materials division of beryllium-aluminum products used in defense markets, and the recovery of an onerous contracts provision booked in the prior year.

The Copper Alloys division also achieved near-record quarterly sales of $6.6 million, eclipsed only by sales of $7.1 million in the preceding quarter. A portion of the division’s sales over the preceding two quarters was driven by the completion of two special non-recurring projects.

Local company celebrates PEO week

Greenwood company Tilson is joining with hundreds of other professional employer organizations around the country in celebrating National Professional Employer Organizations Week May 19-25, in recognition of the industry’s contributions to the economy.

Professional Employer Organizations, or PEO, provide payroll, employee benefits, compliance assistance, and HR services to hundreds of thousands of small and mid-sized businesses that employ more than 4 million people nationwide. Over the last 10 years, the industry has quadrupled in size as more and more businesses turn to PEOs for back-office assistance so that they can focus on the core mission of their business, profitability, and growth.

For National PEO Week, Tilson is highlighting how PEOs contribute to the success and sustainability of businesses, particularly during challenging times. Additionally, they’ll be showcasing success stories from clients, as well as “PEO Superstars” from within the company, emphasizing the invaluable role these professionals play in empowering businesses to thrive and navigate through various operational hurdles with confidence and resilience.

Brightli names new board member

Brightli, Inc., parent company of Indianapolis-based Adult and Child Health, announces the appointment of Tom Gaunt to its board of directors. Gaunt officially joined the board in April, bringing his expertise from his service to Indianapolis and surrounding communities.

Gaunt leaned on his lived experience as a foster parent and foster child advocate to help guide the organization and was appointed board chair in 2018. He has provided Adult and Child Health with valuable insights from a foster parenting perspective and draws on his background in process management to contribute to the organization’s operations.

As a foster parent, Gaunt and his wife, Jean, adopted 11 foster children in addition to raising four children of their own. Overall the Gaunts provided care for more than 110 foster children with multiple disabilities, many of them Adult and Child clients.

Lou Malnati’s gives back to teachers

The Lou Malnati’s Pizzeria team visited schools across Central Indiana during Teacher Appreciation Week — May 6-10 — to honor the winners of its “Ce-LOU-Brate” teachers contest. Teachers from Bishop Chatard and Carmel received free pizza for a year, while a Center Grove teacher was among the those who received a gift certificate. Sugar Grove teacher Elizabeth Dodds is the local winner.