Last $21.82 USD
Change Today -0.17 / -0.77%
Volume 64.0K
SP On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

sp plus corp (SP) Snapshot

Open
$22.29
Previous Close
$21.99
Day High
$22.29
Day Low
$21.70
52 Week High
12/27/13 - $27.89
52 Week Low
07/31/14 - $17.96
Market Cap
480.0M
Average Volume 10 Days
50.8K
EPS TTM
$0.99
Shares Outstanding
22.0M
EX-Date
--
P/E TM
22.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for SP PLUS CORP (SP)

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sp plus corp (SP) Details

SP Plus Corporation provides parking management, ground transportation, and other ancillary services to commercial, institutional, and municipal clients in the United States, Puerto Rico, and Canada. Its services include the collection and deposit of parking revenues; daily housekeeping; restriping of the parking stalls; maintenance of parking equipment, such as ticket dispensing machines, parking gate arms, and fee computers; painting of walkways, curbs, ceilings, walls, and other facility surfaces; and snow removal from sidewalks and driveways. The company also provides shuttle bus vehicles and drivers in support of on-airport car rental operations, as well as private off-airport parking locations; and ancillary ground transportation services at airports, such as taxi and livery dispatch, concierge-type ground transportation information, and support services for arriving passengers. In addition, it offers shuttle bus services, on-street parking meter collection, and other parking enforcement services for municipalities; valet and shuttle bus services for the medical center and hospital market; valet services for hotel and resort market; and remote parking management services. The company serves private and public owners, municipalities, managers, and developers of office buildings, residential properties, commercial properties, shopping centers and other retail properties, sports and special event complexes, colleges and universities, hotels, and hospitals and medical centers. As of December 31, 2013, the company managed approximately 4,200 parking facility locations with approximately 2.1 million parking spaces in 420 cities, as well as operated 30 parking-related service centers serving 75 airports; and a fleet of 730 shuttle buses and 136 valet locations. 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 headquartered in Chicago, Illinois.

14,255 Employees
Last Reported Date: 03/13/14
Founded in 1929

sp plus corp (SP) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $794.1K
President and Chief Operating Officer
Total Annual Compensation: $550.0K
Executive Vice President of Operations
Total Annual Compensation: $469.3K
Chief Business Development Officer and Execut...
Total Annual Compensation: $419.6K
Executive Vice President of Operations
Total Annual Compensation: $374.4K
Compensation as of Fiscal Year 2013.

sp plus corp (SP) Key Developments

SP Plus Corporation Enters into an Agreement to Establish Joint Venture with Parkmobile USA, Inc

SP Plus Corporation announced that it has entered into an agreement to establish a joint venture with Parkmobile USA, Inc., which is anticipated to close on October 31, 2014. The joint venture, Parkmobile, LLC, will be a provider of on-demand and prepaid transaction processing for on- and off-street parking and transportation services. The joint venture's day-to-day operations will be the responsibility of the Parkmobile USA management team.

SP Plus Corporation, Board Meeting, Oct 23, 2014

SP Plus Corporation, Board Meeting, Oct 23, 2014. Agenda: To consider the leadership succession plan.

SP Plus Corporation Announces Leadership Succession Plan

SP Plus Corporation announced the implementation of a leadership succession plan. In accordance with the company's internal plans, James A. Wilhelm, its Chief Executive Officer, will retire on December 31, 2014 after nearly thirty years with the organization. Mr. Wilhelm will transition into the Chairman role effective January 1, 2015. The company's current Chairman, Robert S. Roath, will remain on the Board and will chair its Audit and Compensation Committees. Upon Mr. Wilhelm's retirement, G Marc Baumann, the company's current President and Chief Operating Officer, will assume the role of President and Chief Executive Officer. Mr. Baumann also will join the company's Board of Directors, which will expand to nine members. The company does not currently intend to appoint a new Chief Operating Officer.

 

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Industry Analysis

SP

Industry Average

Valuation SP Industry Range
Price/Earnings 26.5x
Price/Sales 0.6x
Price/Book 2.3x
Price/Cash Flow 10.2x
TEV/Sales 0.2x
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