Last $19.41 USD
Change Today -1.39 / -6.68%
Volume 77.6K
SP On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

sp plus corp (SP) Snapshot

Open
$20.80
Previous Close
$20.80
Day High
$20.80
Day Low
$19.33
52 Week High
10/18/13 - $28.09
52 Week Low
07/31/14 - $17.96
Market Cap
427.0M
Average Volume 10 Days
26.7K
EPS TTM
$0.96
Shares Outstanding
22.0M
EX-Date
--
P/E TM
20.2x
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 Announces Management Changes

Daniel R. Meyer, Senior Vice President, Corporate Controller and Assistant Treasurer of SP Plus Corporation, has advised the Company that he will be retiring in March 2015. Mr. Meyer has also served as the Company's Principal Accounting Officer. Effective as of August 25, 2014, Kristopher H. Roy assumed the position of Vice President and Corporate Controller and is now Principal Accounting Officer, overseeing all of the Company's corporate accounting, financial reporting and tax functions. Mr. Roy, 39, started at the Company as Vice President and Assistant Controller in November 2013. Immediately preceding his employment with the Company, he served as the Global Director of Accounting, Consolidation and Financial Systems at CNH Industrial N.V. and its predecessor beginning in March 2013.

SP Plus Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full-Year 2014

SP Plus Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $374,428,000 against $370,293,000 for the same period a year ago. Operating income was $15,168,000 against $10,924,000 for the same period a year ago. Income before income taxes was $10,451,000 against $6,289,000 for the same period a year ago. Net income attributable to the company was $5,307,000 or $0.24 per diluted share against $3,444,000 or $0.15 per diluted share a year ago. Adjusted net income was $6,106,000 against $5,238,000 for the same period a year ago. Adjusted diluted EPS was $0.27 against $0.24 for the same period a year ago. Adjusted EBITDA was $23,386,000 against $21,489,000 for the same period a year ago. The company generated free cash flow of $26,649,000 compared to $10,320,000 a year ago. For six months, the company reported total revenue of $750,196,000 against $740,950,000 for the same period a year ago. Operating income was $17,231,000 against $15,808,000 for the same period a year ago. Income before income taxes was $7,803,000 against $6,444,000 for the same period a year ago. Net income attributable to the company was $9,610,000 or $0.43 per diluted share against $3,184,000 or $0.14 per diluted share a year ago. Adjusted free cash flow was $27,070,000 compared to $10,320,000 a year ago. Net cash provided by operating activities was $23,054,000 against $7,007,000 for the same period a year ago. Purchase of leasehold improvements and equipment was $8,149,000 against $7,906,000 for the same period a year ago. Adjusted net income was $4,981,000 against $7,428,000 for the same period a year ago. Adjusted diluted EPS was $0.22 against $0.33 for the same period a year ago. Adjusted EBITDA was $33,731,000 against $37,521,000 for the same period a year ago. The company generated free cash flow of $12,797,000 compared to negative free cash flow of $3,068,000 a year ago. Adjusted free cash flow was $14,269,000 compared to negative free cash flow of $3,068,000 a year ago. The company provided earnings guidance for the full-year 2014. For the year, based on the year-to-date results, the company continues to expect adjusted earnings per share to be at the lower end of the range of $0.77 to $0.87, which excludes expected full-year 2014 merger and integration related costs of $4.5 million, or $0.12 per share, as well as the one-time tax benefit from the first quarter 2014 reversal of a valuation allowance for deferred tax assets of $0.28 per share. These expenditures will impact 2014 earnings per share and free cash flow. The company still expects to generate free cash flow of $35 to $40 million for the full-year 2014, excluding the impact of cash used for non-routine structural and other repairs.

SP Plus Corporation to Report Q2, 2014 Results on Aug 06, 2014

SP Plus Corporation announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 06, 2014

 

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SP

Industry Average

Valuation SP Industry Range
Price/Earnings 23.4x
Price/Sales 0.5x
Price/Book 2.0x
Price/Cash Flow 9.0x
TEV/Sales 0.2x
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