SP Plus Corporation provides parking management, ground transportation, baggage, and other ancillary services in North America. The company operates through Commercial, Aviation, and Other segments. It provides on-site parking management, event logistics, baggage handling, remote airline check-in, security, and municipal meter revenue collection and enforcement services. The company also offers shuttle bus vehicles and drivers; ground transportation services; delivery of delayed luggage and baggage handling services; wheelchair assist services; baggage repair and replacement services; on-street parking meter collection and other forms of parking enforcement services; and valet 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 an online and mobile app consumer platform through parking.com website. Further, the company provides multi-platform marketing services, including SP+ branded websites that offer clients a platform for marketing their facilities, mobile apps, search marketing, email marketing, and social media campaigns. The company offers its services primarily under the SP+, Sphere, and Bags brands. It serves private and public owners, municipalities and governments, managers and developers of office buildings, residential properties, commercial properties, shopping centers and other retail properties, sports and special event complexes, hotels and resorts, healthcare facilities and medical centers, 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.
IPO Year: 2004
Exchange: NASDAQ
Website: spplus.com
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Barrington Research reiterated coverage of SP Plus with a rating of Outperform and set a new price target of $39.00 from $36.00 previously
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--Record First Quarter Performance Across Multiple Key Measures-- -- Year-over-Year Location Growth of 6%; Maintains Robust 94% Location Retention Rate-- --Technology Transactions and Contribution to Gross Profit at Record Highs-- CHICAGO, May 01, 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 institutional clients throughout North America and Europe, today announced its first quarter 2024 results. Management Commentary Marc Baumann, Chairman and Chief Executive Officer, said, "First quarter results reflected another quarter of strong momentum in se
CHICAGO, April 23, 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 its strategic partnership with the City of Jackson, Mississippi, to modernize and enhance the efficiency of on-street parking with a completely new and innovative system. Available this spring, on-street parking customers will be able to pay for parking using new kiosks located throughout the city, in addition to other payment methods, including text-to-pay with their phone, or via the parking.com app. SP+ Corp
CHICAGO, 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 tags and tracking of baggage throughout the journey between Orlando International Airport and the downtown Miami station. The Brightline train is a high-speed, eco-friendly rail service connecting Orlando to Miami, with stops in other south Florida cities, includ
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 needs, a new parking garage will open in early 2025, increasing the number of available parking spaces to more than 7,000, and a new terminal is currently under construction. "The Des Moines Air
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 multiple airlines, obtain airline boarding passes and check and drop their luggage at the Rental Car Center and Terminal 3 Curbside. The Rental Car Center allows customers to then proceed onto th
Achieved Net Investment Income of $2.07 Per Share for Fiscal Year 2023 15.6% Portfolio Yield on Debt Investments for the Fourth Quarter and 15.4% for Fiscal Year 2023 DECLARES FIRST QUARTER 2024 DISTRIBUTION OF $0.40 PER SHARE TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) (the "Company," "TPVG," "we," "us," or "our"), the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2023 and the declaration by its Board of Directors of its first quarter 2024 distribution of $0.40 per share.
--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 institutional clients throughout North America and Europe, today announced its fourth quarter and full year 2023 results. Management Commentary Marc Baumann, Chairman and Chief Executi
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 Hospital features gated entry and exits, along with a completely digital experience – including QR code capability, and a digital ticket, eliminating the need for paper tickets. In addition, Sphere License
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 companies with a market value between $300 million and $2 billion to find 389 companies that also had positive sales growth over the past 12 months and a share price of at least five dollars. "We ar
CHICAGO, Jan. 23, 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 as one of America's Greatest Workplaces for Diversity 2024 by Newsweek and Plant-A Insights Group. This survey of over 220,000+ individuals included representation at over 1.5 million companies in America. "Diversity is a widely discussed topic, and it remains a crucial factor as people look for an employer or a business partner," said Nancy Cooper, Global Editor in-Chief, Newsweek. "Newsweek a
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CHICAGO, Feb. 28, 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 two key leadership appointments within its Commercial Division. Chris Sherman and Dave Lombardi have been promoted to strategy and business development roles. In their new roles, Mr. Sherman and Mr. Lombardi are responsible for leveraging the company's Sphere™ technology products and its mobility, parking and transportation service lines to serve new and existing clients. The Sphere products provide innovative mobility solutions for commerce, business
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--Record First Quarter Performance Across Multiple Key Measures-- -- Year-over-Year Location Growth of 6%; Maintains Robust 94% Location Retention Rate-- --Technology Transactions and Contribution to Gross Profit at Record Highs-- CHICAGO, May 01, 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 institutional clients throughout North America and Europe, today announced its first quarter 2024 results. Management Commentary Marc Baumann, Chairman and Chief Executive Officer, said, "First quarter results reflected another quarter of strong momentum in se
--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 institutional clients throughout North America and Europe, today announced its fourth quarter and full year 2023 results. Management Commentary Marc Baumann, Chairman and Chief Executi
--Record Gross Profit Reflects Positive Momentum Across the Commercial and Aviation Segments-- --Tenth Consecutive Quarter of Net Location Growth; Maintains High Location Retention Rate of 94%-- --Technology Solutions Continue to Gain Traction with Clients-- CHICAGO, Nov. 01, 2023 (GLOBE NEWSWIRE) -- SP® Plus Corporation (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 third quarter 2023 results. On October 5, 2023, SP announced the acquisition of SP Plus Corporation for $1.5 billion by Metropolis Technologies, Inc. The
CHICAGO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- SP Plus Corporation (NASDAQ:SP) today announced that it expects to release third quarter 2023 earnings on Wednesday, November 1, 2023, after the close of market. On October 5, 2023, SP announced the acquisition of SP Plus Corporation for $1.5 billion by Metropolis Technologies, Inc. In light of the pending acquisition, SP Plus will not be hosting an earnings conference call. About SP+ SP+ blends industry-leading technology and best-in-class operations to deliver mobility solutions that enable the efficient movement of people, vehicles and personal belongings. The Company is committed to elevating the consumer experience while meeting the object
--Double-Digit Gross Profit Growth Driven by Strong Performance of Commercial and Aviation Segments-- --Technology Solutions Continued to Increase as a Percentage of Total Gross Profit-- --Re-Affirms Guidance for Significant Growth in 2023-- --Year-to-Date New Business Wins and Robust Business Development Pipeline Support High Single-Digit Long-Term Gross Profit Growth Outlook-- CHICAGO, Aug. 02, 2023 (GLOBE NEWSWIRE) -- SP® Plus Corporation (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 second quarter 2023 results.
CHICAGO, July 25, 2023 (GLOBE NEWSWIRE) -- SP® Plus 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 that it has acquired certain assets of Roker Inc. ("Roker"), a provider of fully-integrated parking solutions that simplify permit, violation and enforcement management for organizations and municipalities of all sizes. SP+ has acquired all the intellectual property of Roker as well as its client contracts and a talented support team based both in the United States and Canada. Chris Sherman, President of the Commer
CHICAGO, July 19, 2023 (GLOBE NEWSWIRE) -- SP Plus Corporation (NASDAQ:SP) today announced that it expects to release second quarter 2023 earnings on Wednesday, August 2, 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. To listen to the live call, individuals are directed to the investor relations section of the company's website, www.spplus.com, at least fifteen minutes early to register, download and install any necessary audio software. For those who cannot listen to the live broadcast, replays will be available shortly after the call on the website and acces
-- Accelerated Growth Strategy, Driven by Technology Solutions, Continues to Gain Traction -- -- Double-Digit Gross Profit Increases Achieved in Both Commercial and Aviation Segments -- -- Reaffirms Guidance for Significant Growth in 2023 -- CHICAGO, May 03, 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 first quarter 2023 results. Management Commentary Marc Baumann, Chairman and Chief Executive Officer, said, "This was another quarter of strong financial performance, reinforcing our confidence in
CHICAGO, April 18, 2023 (GLOBE NEWSWIRE) -- SP Plus Corporation (NASDAQ:SP) today announced that it expects to release first quarter 2023 earnings on Wednesday, May 3, 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. To listen to the live call, individuals are directed to the investor relations section of the company's website, www.spplus.com, at least fifteen minutes early to register, download and install any necessary audio software. For those who cannot listen to the live broadcast, replays will be available shortly after the call on the website and access
-- Fourth Quarter Gross Profit and Adjusted Gross Profit Increased 7% and 16%, Respectively -- -- G&A Investments to Drive Accelerated Growth -- -- 2023 Guidance Anticipates Another Year of Strong Growth -- -- Technology-Enabled Addressable Market Expansion and Leadership Position Provide Pathway to High Single-Digit Gross Profit Growth Beyond 2023 -- CHICAGO, Feb. 22, 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 fourth quarter and full-year 2022 results. Management Commentary Marc Baumann, Cha
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