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.

CHICAGO, April 14, 2021 (GLOBE NEWSWIRE) -- SP Plus Corporation (NASDAQ: SP) today announced that it expects to release first quarter 2021 earnings on Wednesday, April 28, 2021, 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 First Quarter 2021 Results on April 28, 2021

CHICAGO, April 13, 2021 (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, today announced the addition of Curbside Concierge™ baggage check-in services to passengers at Tampa International Airport (TPA) through its Bags® service line.

SP Plus Corporation Offers Bags® Curbside Concierge™ Baggage Check-In at Tampa International Airport

CHICAGO, March 01, 2021 (GLOBE NEWSWIRE) -- Plus Corporation (SP+), (Nasdaq: SP), a leading provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America, today announced its selection to provide parking management and shuttle operations at St. Louis Lambert International Airport (STL) in Missouri.

SP Plus Corporation Selected to Provide Parking & Shuttle Operations at St. Louis Lambert International Airport

SP Plus Corporation (SP) CEO Marc Baumann on Q4 2020 Results - Earnings Call Transcript

SP Plus (SP) delivered earnings and revenue surprises of -94.29% and -6.68%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

SP Plus (SP) Q4 Earnings and Revenues Lag Estimates

-- Full-Year 2020 Operating Cash Flow of $40.2 million and Free Cash Flow of $28.7 million -- -- Reinstates Full-Year Guidance; Expects 2021 Gross Profit of $140 - $160 Million and G&A of $75 - $85 Million --

SP Plus Corporation Announces Fourth Quarter and Full-Year 2020 Results

CHICAGO, Feb. 04, 2021 (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, today announced that its Bags Aviation Division will offer Check ‘N Fly™ baggage check-in services to passengers who are departing from Tampa International Airport (TPA).

“Check ‘N Fly™” Baggage Check-In at Tampa International Airport for Post-Game Travelers Available from Bags & SP+

CHICAGO, Feb. 03, 2021 (GLOBE NEWSWIRE) -- SP Plus Corporation (NASDAQ: SP) today announced that it expects to release fourth quarter and full-year 2020 earnings on Wednesday, February 17, 2021, 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 2020 Results on February 17, 2021

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A recap for my 20/20 Vision is offered for my readers. I will share my concerns about the current market conditions.

Final Update For My 20/20 Vision For 2020 Dividend Paying Stocks

CHICAGO, Nov. 19, 2020 (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, today announced the addition of Check ‘ N Fl y ™ baggage check-in services exclusively for valet parking customers who are traveling on domestic flights with American Airlines or Delta Air Lines at William P. Hobby Airport (HOU) in Houston, Texas.

SP+ Valet Adds “Check ‘N Fly™” Baggage Check-In at William P. Hobby Airport

Now is the time to invest in a classic turnaround stock. The leader in technology connecting travelers with their needs for their daily business trips or leisure trips.

Soaring Through Future Blue Skies With SP Plus Making It Happen

CHICAGO, Nov. 12, 2020 (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, today announced its commencement of shuttle bus operations at the newly-reconstructed Salt Lake City International Airport (SLC) in Utah.

New SP+ Shuttle Operations Begin at Salt Lake City International Airport

SP Plus Corporation (SP) CEO Marc Baumann on Q3 2020 Results - Earnings Call Transcript

SP Plus (SP) delivered earnings and revenue surprises of 267.57% and -5.44%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

SP Plus (SP) Q3 Earnings Beat Estimates

-- Recovering Business Activity Led to Substantial Improvement in Gross Profit over Q2- - - -Year-to Date Operating Cash Flow of $2 7.9 MM and Free Cash Flow of $18.9MM - - - -Positive New Business Momentum Reflects Scale and Demand for New Technology Offerings - - CHICAGO, Nov. 05, 2020 (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, today announced its third quarter and nine months 2020 results.

SP Plus Corporation Announces Third Quarter and Nine Month 2020 Results

SP Plus (SP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: SP Plus (SP) Q3 Earnings Expected to Decline

CHICAGO, Oct. 22, 2020 (GLOBE NEWSWIRE) -- SP Plus Corporation (NASDAQ: SP) today announced that it expects to release third quarter 2020 earnings on Thursday, November 5, 2020, 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 2020 Results on November 5, 2020

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CHICAGO, Oct. 12, 2020 (GLOBE NEWSWIRE) -- SP Plus Corporation (SP+), (Nasdaq: SP), North America’s leading provider of parking, transportation and mobility-related services, today announced the appointment of Colleen Kozak as Chief Human Resources Officer (CHRO), where she now serves as a member of the company’s Executive Team, reporting directly to Marc Baumann, Chief Executive Officer. She replaces Gerry Klaisle, who is transitioning from his position as Chief Administrative Officer prior to his retirement at the end of the year.

SP Plus Corporation Promotes Colleen Kozak to Chief Human Resources Officer

CHICAGO, Oct. 01, 2020 (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, today announced its selection to provide parking management and operations at Laredo International Airport (LRD) in Laredo, Texas.

SP Plus Corporation Commences Parking Operations with Touchless Technologies & Plan to Install New Equipment at Laredo International Airport

ChargePoint Selected as SP+’s Preferred Provider for EV Expansion ChargePoint Selected as SP+’s Preferred Provider for EV Expansion

SP Plus Corporation Expands Its Electric Vehicle Charging Program

SP Plus (SP) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

SP Plus (SP) Surges: Stock Moves 6.4% Higher

Bear of the Day: SP Plus (SP)

SP Plus Corporation (SP) CEO Marc Baumann on Q2 2020 Results - Earnings Call Transcript

New Brand Enables Clients to Tap into SP+ Operational Expertise as a Single-Source Provider New Brand Enables Clients to Tap into SP+ Operational Expertise as a Single-Source Provider

News for SP Plus Stock (SP)