MARKET COMPOSITE
SP - SP Plus Corp8:00:00 PM 4/22/2024
Price
$50.21
-0.47 (-0.93%)
SP Plus Corporation provides parking management, ground transportation, baggage, and other ancillary services in North America. It provides on-site parking management, valet parking, ground transportation, facility maintenance, event logistics, baggage handling, remote airline check-in, security, municipal meter revenue collection and enforcement, and consulting services. The company also offers shuttle bus vehicles and the drivers; ground transportation services, such as taxi and livery dispatch, concierge-type ground transportation information, and support services for arriving passengers; remote airline check-in services; wheelchair assist services; baggage repair and replacement services; on-street parking meter collection and other forms of parking enforcement services; valet services; and remote parking management services. In addition, it provides facility maintenance services, including power sweeping and washing, painting and general repairs, and cleaning and seasonal services; security services comprising training and hiring of security officers and patrol, as well as customized services and technology; and multi-platform marketing services. The company offers its services primarily under the SP+ and Bags brands. SP Plus Corporation serves private and public owners, municipalities and governments, managers and developers of office buildings, residential properties, commercial properties, shopping centers and other retail properties, healthcare facilities and medical centers, sports and special event complexes, hotels and resorts, and airlines and cruise lines. The company was formerly known as Standard Parking Corporation and changed its name to SP Plus Corporation in December 2013. SP Plus Corporation was founded in 1929 and is based in Chicago, Illinois.
Financials
Quarterly financials
(USD)Sep 2023Q/Q
Revenue460.7MM+4%
Gross Profit67.6MM-
Cost Of Revenue393.1MM+4%
Operating Income21MM-17%
Operating Expenses46.6MM-
Net Income10.1MM-24%
G&A37.6MM+18%
Amortization3MM-
Interest Expense7.4MM+1%
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Stock news

    Enhancing the customer experience with unique technology solutionsCHICAGO, April 16, 2024 (GLOBE NEWSWIRE) -- SP+® Corporation (SP+), (Nasdaq: SP) a best-in-class technology and operations management provider of mobility services for aviation, commercial, hospitality, and institutional clients throughout North America and Europe, announced a partnership with its subsidiary Bags® and Brightline high-speed rail service. Bags provides luggage handling services along with technology to print luggage

    CHICAGO , April 03, 2024 (GLOBE NEWSWIRE) -- SP+® Corporation (SP+), (Nasdaq: SP) a best-in-class technology and operations management provider of mobility services for aviation, commercial, hospitality, and institutional clients throughout North America and Europe, today announces it is now managing parking and shuttle operations at Des Moines International Airport (DSM), in Des Moines, Iowa. The airport experienced record growth in 2023, serving three million passengers. To meet the growth nee

    CHICAGO, March 19, 2024 (GLOBE NEWSWIRE) -- SP+® Corporation (SP+), (Nasdaq: SP) a best-in-class technology and operations management provider of mobility services for aviation, commercial, hospitality, and institutional clients throughout North America and Europe, announces complimentary Bags® Remote Airline Check-in and Bag Drop services at Harry Reid International Airport (LAS) in Las Vegas, Nevada. Customers using the Bags Check-in and Bag Drop experience may now check-in for their flight on

    SP Plus (SP) delivered earnings and revenue surprises of -29.41% and 7.75%, respectively, for the quarter ended December 2023. Do the numbers hold clues to what lies ahead for the stock?

    --Record 2023 Gross Profit Performance-- --Eleventh Consecutive Quarter of Net Location Growth; Maintains High Location Retention Rate of 94%-- --Increased Penetration of Technology Solutions Driving Accelerated Growth-- --SP+ Stockholders Approved Merger with Metropolis Technologies, Inc.-- CHICAGO, Feb. 27, 2024 (GLOBE NEWSWIRE) -- SP® Plus Corporation (Nasdaq:SP), a best-in-class technology and operations management provider of mobility services for aviation, commercial, hospitality, and inst

    Bernzott Capital Advisors, an investment management firm, published its “US Small Cap Value Fund” fourth-quarter 2023 investor letter, a copy of which can be downloaded here. In the fourth quarter, the portfolio gained +14.1% on a net basis, lagging behind R2000V’s advance of +15.2% and above R2500V’s rise of +13.7%. The largest contribution to the gains […]

    SP Plus Corporation ( NASDAQ:SP ), is not the largest company out there, but it saw its share price hover around a...

    CHICAGO, Feb. 12, 2024 (GLOBE NEWSWIRE) -- SP Plus Corporation (“SP+”) (NASDAQ: SP) today announced that at its special meeting of stockholders held on February 9, 2024 (the “Special Meeting”), SP+ stockholders voted to approve the previously announced Agreement and Plan of Merger, dated as of October 4, 2023, by and among Metropolis Technologies, Inc. (“Metropolis”), Schwinger Merger Sub Inc., a direct, wholly owned subsidiary of Metropolis (“Merger Sub”) and SP+ (the “Merger Agreement”), pursu

    CHICAGO, Feb. 06, 2024 (GLOBE NEWSWIRE) -- SP+® Corporation (SP+), (Nasdaq: SP) a best-in-class technology and operations management provider of mobility services for aviation, commercial, hospitality, and institutional clients throughout North America and Europe, announces it is now operating and managing five parking facilities with its Sphere™ technology platform at Miami Valley Hospital, in Dayton, Ohio. The implementation of Sphere Commerce Digital Ticket technology for Miami Valley Hospita

    CHICAGO, Jan. 30, 2024 (GLOBE NEWSWIRE) -- SP+® Corporation (SP+), (Nasdaq: SP) a best-in-class technology and operations management provider of mobility services for aviation, commercial, hospitality, and institutional clients throughout North America and Europe, today announced its recognition by Forbes as one of America’s Most Successful Small-Cap Companies. Forbes used data from FactSet to compile its annual list of America’s Most Successful Small-Cap Companies. They screened nearly 1,000 co