SP Plus

SP Plus Corp. provides professional parking, ground transportation, facility maintenance, security, event logistics, and baggage handling and related services to commercial, institutional, municipal and aviation clients. It also provides a wide range of event logistics services. The firm operates through the following segments: Commercial, Aviation, and Other. The Commercial segment encompasses services in healthcare facilities, municipalities including meter revenue collection and enforcement services, government facilities, hotels, commercial real estate, residential communities, retail, colleges and universities, as well as ancillary services. The Aviation segment encompasses services in aviation, as well as ancillary services, which include shuttle and ground transportation services, valet services, baggage handling, baggage repair and replacement, remote air check-in services, wheelchair assist services and other services. The company was founded in 1929 and is headquartered in Chicago, IL.

Earnings data Q3 2020

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SP Plus reports robust Q4 growth driven by technology synergies

SP Plus delivered strong financial performance in Q4 2022, with double-digit growth across key metrics and a focus on technology-driven revenue synergies.
The company's strategic strengths lie in its broad-based business model, robust technology offerings, and operational resilience in the face of economic uncertainties.
Challenges include managing labor inflation, pricing dynamics, and transitioning technology solutions' contribution to gross profit, requiring careful navigation.
Amidst challenges, SP Plus sees opportunities in municipal solutions, leveraging existing services, and investments in technology and business development for future growth.

SP Plus reports robust Q1 earnings, eyes tech acquisitions

SP Plus delivered strong Q1 2023 results, driven by technology-related growth and increased demand for its services. The company reaffirmed full-year guidance and expects high single-digit gross profit growth beyond 2023. With a focus on acquisitions, technology advancements, and capital allocation priorities, SP Plus is well-positioned for future growth.

SP Plus (SP) reports record Q2 performance and projects strong growth ahead

SP Plus (SP) delivered strong Q2 performance with record levels of profit and EBITDA, supported by new business wins and technology solutions.
While facing challenges in acquisitions, pricing, and operational strategies, the company remains confident in its growth trajectory and long-term outlook.
Opportunities for continued growth in revenue, stable lease locations, and a robust business development pipeline position SP Plus (SP) for sustained success and expansion.

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SP+ is a diverse provider of parking, ground transportation, facility maintenance, security and event logistics services to real estate owners and managers in a wide array of markets. The company forms operations specialists who link innovation with exceptional market-based expertise in each of their service lines. With nine operating groups, each focusing exclusively on a single market, they are experts at understanding the specific needs and idiosyncrasies of those markets and have the depth of experienced personnel and financial resources to satisfy them.

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News for SP Plus Stock (SP)