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

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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, 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

Amphastar Pharma

Evoqua Water Technologies

Barings BDC Inc

Biohaven Pharmaceutical Hld

Colfax

Crh Medical

Global Blood Therapeutics

Hannon Armstrong Sustainable Infrastructure Capital

Houghton Mifflin Harcourt

Lexicon Pharmaceuticals

MannKind

Nektar Therapeutics

Nano-X Imaging

ObsEva

Personalis Inc

PIMCO Corporate & Income Opportunity Fund

Construction Partners

Surgery Partners

Takeda Pharmaceutical

Cohen & Steers Infrastructure Fund Inc

Xerium Technologies

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

Allegiant Travel Company

Grupo Aeroportuario del Sureste SAB de CV

GATX

Encore Wire

The following industrial companies have grown their earnings per share over a five-year period. According to the GuruFocus discounted cash flow calculator as of Oct. 15, all of them also trade with a margin of safety.

5 Undervalued Industrial Companies Boosting Earnings

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

SP Plus Corporation Introduces “Sphere, Technology by SP+™” Suite of Breakthrough Solutions

CHICAGO, July  23, 2020  (GLOBE NEWSWIRE) -- SP Plus Corporation (NASDAQ: SP) today announced that it expects to release second quarter 2020 earnings on Thursday, August 6, 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.spplus.com.

SP Plus Corporation to Release Second Quarter 2020 Results on August 6, 2020

Earnings Preview: SP Plus (SP) Q2 Earnings Expected to Decline

CHICAGO, June  18, 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 award of an enhanced group purchasing agreement with Yankee Alliance Supply Chain Solutions, LLC and Yankee Alliance, LLC (Yankee Alliance), a member-driven healthcare group purchasing organization (GPO) with more than 16,800 members.

SP Plus Corporation Enters into Regional Enhanced Group Purchasing Agreement with Yankee Alliance

SP Plus Corporation (SP) CEO Marc Baumann on Q1 2020 Results - Earnings Call Transcript

Earnings Preview: SP Plus (SP) Q1 Earnings Expected to Decline

SP Plus (SP) is well positioned to outperform the market, as it exhibits above-average growth in financials.

SP Plus (SP) is an Incredible Growth Stock: 3 Reasons Why

SP Plus Corporation has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.

SP Plus Enters Oversold Territory

News for SP Plus Stock (SP)