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AIT shares profit with employees - again

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AIT Laboratories said Monday morning it is awarding another $1 million in bonus money to employees, bringing their total take in profit sharing this year to an impressive $3 million.

The Indianapolis-based forensics, clinical and pharmaceutical testing firm began doling out profit-sharing bonuses to its workers in 2007. But this is the first time they received two within the same year.

“We like to reward our employees when the company is profitable,” AIT CEO Michael A. Evans said in a written release. “The employees are the ones responsible for the company being profitable, so it is the right thing to do to have them share in that success.”

Evans gave employees $2 million in June, in a surprise, mid-year bonus. The following month he transferred full ownership of the company to employees as part of an employee stock ownership plan, or ESOP.

AIT this year added more than 170 employees, bringing its nationwide work force to roughly 365, including 265 at its Indianapolis headquarters on the west side.

The company doubled its sales staff in 2009 and entered more than 15 new markets.

The growth has helped AIT zoom up Inc.’s list of the 5,000 fastest-growing private companies.
 
Founded in 1990, the firm now ranks 598, up from 1,466 a year ago. The list is based on percentage growth in revenue.
 
According to Laboratory Economics, AIT posted sales of $34 million in 2008, an improvement from $16 million in 2007. The company this year expects revenue to climb another 75 percent, which would mark its sixth consecutive year of double-digit growth.
   
In February, the Indiana Chamber of Commerce named the firm its 2009 Small Business of the Year.

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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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