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.

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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.

SP Plus Corporation (NASDAQ:SP ) Q4 2022 Earnings Conference Call February 22, 2023 5:00 PM ET Company Participants Kris Roy - Chief Financial Officer Marc Baumann - Chairman and CEO Conference Call Participants Tim Mulrooney - William Blair Kevin Steinke - Barrington Marc Riddick - Sidoti Operator Thank you for standing by. And welcome to the Q4 2022 SP Plus Corporation Earnings Conference Call.

SP Plus Corporation (SP) Q4 2022 Earnings Call Transcript

SP Plus (SP) delivered earnings and revenue surprises of -23.29% and 0.40%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

SP Plus (SP) Lags Q4 Earnings Estimates

-- Fourth Quarter Gross Profit and Adjusted Gross Profit Increased 7% and 16%, Respectively -- -- G&A Investments to Drive Accelerated Growth --

SP Plus Corporation Announces Fourth Quarter and Full-Year 2022 Results

SP+ was the first commercial parking operator to earn APO with Distinction SP+ was the first commercial parking operator to earn APO with Distinction

SP Plus Corporation Successfully Re-Accredited as an Accredited Parking Organization (APO) with Distinction

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CHICAGO, Feb. 16, 2023 (GLOBE NEWSWIRE) -- SP Plus Corporation (Nasdaq: SP ), a leading provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America and Europe, today announced its Board has approved a new repurchase authorization of $60 million for open market share repurchases.

SP Plus Corporation Announces New $60 Million Share Repurchase Authorization

CHICAGO, Feb. 01, 2023 (GLOBE NEWSWIRE) -- SP Plus Corporation (NASDAQ: SP) today announced that it expects to release fourth quarter and full-year 2022 earnings on Wednesday, February 22, 2023, after the close of market. Later that same day, the Company will host a conference call at 4:00 PM (Central Time) that can be accessed via webcast at http://ir.spplus.com.

SP Plus Corporation to Release Fourth Quarter and Full-Year 2022 Results on February 22, 2023

SP Plus continues to post strong growth when it comes to sales, profits, and cash flows. Even so, shares of the business have languished, likely because of broader economic concerns.

SP Plus: A Disconnect Between Fundamentals And Share Price Performance

NEW ORLEANS, Dec. 07, 2022 (GLOBE NEWSWIRE) -- SP Plus Corporation (SP+), (Nasdaq: SP), a leading provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America and Europe, has upgraded the on-street metered parking program in New Orleans to include pay-by-text and pay-by-plate options.

SP+ Brings Technology-Based Parking Payment Options to City of New Orleans

CHICAGO, Dec. 05, 2022 (GLOBE NEWSWIRE) -- SP Plus Corporation (Nasdaq:SP), a leading provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America and Europe, today announced its participation in the Sidoti December Virtual Small Cap Conference. Marc Baumann, Chairman and Chief Executive Officer, and Kristopher Roy, Chief Financial Officer, will host a fireside chat at 12:45 p.m. CT (1:45 p.m. ET) on Wednesday, December 7. A live audio webcast will be available here. A replay will be available for three months following the conference. Management will also host investor meetings at this conference.

SP Plus Corporation Announces Participation in the Sidoti December Virtual Small Cap Conference

CHICAGO, Nov. 15, 2022 (GLOBE NEWSWIRE) -- SP Plus Corporation (Nasdaq:SP), a leading provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America and Europe, today announced several leadership changes intended to best position the Company to benefit from the growth opportunities on the horizon. These changes, which will take effect on January 1, 2023, are in line with the Company's strategy to accelerate its growth by leveraging its robust parking and transportation operations, expanding its software and technology services, and building its global footprint.

SP Plus Corporation Announces 2023 Leadership Changes To Accelerate Future Growth

-- Creates Technology Innovation Lab, Based in India, to Accelerate Technology Capabilities and Expand Menu of Technology Offerings -- -- Creates Technology Innovation Lab, Based in India, to Accelerate Technology Capabilities and Expand Menu of Technology Offerings --

SP Plus Corporation Acquires Assets of DIVRT, Inc., an Innovator in Frictionless Parking Technology

CHICAGO, Nov. 08, 2022 (GLOBE NEWSWIRE) -- SP Plus Corporation (SP+), (Nasdaq: SP), a leading global provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America, announced its selection by the Port of Portland in Oregon to continue its tech-based parking, ground transportation, and remote check-in operations at Portland International Airport (PDX).

SP+ Corporation Selected to Provide Sphere Technologies for Parking, Transportation & Remote Check-In at Portland International Airport

SP Plus Corporation (NASDAQ:SP ) Q3 2022 Earnings Conference Call November 2, 2022 5:00 PM ET Company Participants Marc Baumann - Chairman and Chief Executive Officer Kristopher Roy - Chief Financial Officer Conference Call Participants Daniel Moore - CJS Securities Tim Mulrooney - William Blair Marc Riddick - Sidoti Operator Good day, and thank you for standing by. Welcome to the Q3 2022 SP Plus Corporation Earnings Conference Call.

SP Plus Corporation (SP) CEO Marc Baumann on Q2 2022 Results - Earnings Call Transcript

SP Plus (SP) delivered earnings and revenue surprises of 5.26% and 6.42%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

SP Plus (SP) Q3 Earnings and Revenues Beat Estimates

--Strong Quarterly Performance Marks Completion of Company's Post-Pandemic Financial Recovery-- --Re-Affirms Full Year EBITDA and EPS Guidance to Exceed Pre-Pandemic Levels--

SP Plus Corporation Announces Third Quarter 2022 Results

CHICAGO, Nov. 01, 2022 (GLOBE NEWSWIRE) --  SP Plus Corporation (SP+), (Nasdaq: SP), a leading provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America, announced its selection by the City of Atlanta to provide parking, transportation and facility maintenance services at Atlanta Hartsfield-Jackson International Airport (ATL).

City of Atlanta Selects SP+ Corporation to Enhance Airport Parking & Shuttle Operations

CHICAGO, Oct. 27, 2022 (GLOBE NEWSWIRE) -- SP Plus Corporation (SP+), (Nasdaq: SP), a leading provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America, announced its selection by the City of Roanoke, Virginia, to upgrade its parking operations with new technologies and services designed to make garage, surface lot and on-street parking easier for residents and visitors.

SP+ Corporation Brings Sphere Technology to Parking in the City of Roanoke

SP Plus Corporation continues to outperform the market thanks to robust financial results on the top and bottom lines. Management also recently increased guidance for 2022 in what should be considered another vote of confidence for the firm.

SP Plus Corporation: Further Upside Is Warranted From Here

The company announced the acquisition of KMP Associates, a provider of software & technology supporting clients in the aviation and commercial parking industries across North America and Europe. The company is experiencing strong demand in both segments after the pandemic.

SP Plus: Rising Demand And KMP Acquisition Should Accelerate Growth

CHICAGO, Oct. 18, 2022 (GLOBE NEWSWIRE) -- SP Plus Corporation (NASDAQ: SP) today announced that it expects to release third quarter 2022 earnings on Wednesday, November 2, 2022, after the close of market. Later that same day, the Company will host a conference call at 4:00 PM (Central Time) that can be accessed via webcast at http : //ir . sp p lu s .c o m .

SP Plus Corporation to Release Third Quarter 2022 Results on November 2, 2022

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Acquisition Broadens Technology Capabilities and Expands Addressable Market Acquisition Broadens Technology Capabilities and Expands Addressable Market

SP Plus Corporation Acquires K M P Associates Limited, Including its Global E-Commerce Platform AeroParker

CHICAGO, Sept. 29, 2022 (GLOBE NEWSWIRE) -- SP Plus Corporation (SP+), (Nasdaq: SP), a leading provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America, announces that Marc Baumann, Chairman and Chief Executive Officer was elected to serve as Board Chair for the National Parking Association (NPA).

SP+ CEO Marc Baumann Elected as National Parking Association Chair

CHICAGO, Sept. 22, 2022 (GLOBE NEWSWIRE) -- SP Plus Corporation (SP+), (Nasdaq: SP), a leading provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America, announces that Ritu Vig, Chief Legal Counsel and Corporate Secretary was chosen by the National Parking Association (NPA) to receive the Women in Parking Impact Award for 2022. According to the NPA, the award was created to recognize dedication to advancing women in leadership, fostering inclusion, and demonstrating commitment to diversity and employee development.

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