Sector: Industrials | Industry: Highways & Rail Tracks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | SUITE 7700, 200 E. RANDOLPH STREET CHICAGO IL 60601-7702 |
Tel: | N/A |
Website: | https://www.spplus.com |
IR: | See website |
Key People | ||
G. Marc Baumann Executive Chairman of the Board, President, Chief Executive Officer | Kristopher H. Roy Chief Financial Officer, Treasurer | Robert A. Miles President of Bags |
Christopher R. Sherman President - Commercial Division | Ritu Vig President - Aviation Division |
Business Overview |
SP Plus Corporation develops and integrates technology with operations management and support to deliver mobility solutions. The Company offers parking services, parking management, ground transportation services, baggage handling and other ancillary services. Its segments include Commercial and Aviation. Commercial segment offers ancillary services, such as providing technology-based mobility solutions, shuttle and ground transportation services, valet services, taxi and livery dispatch services and event planning, including shuttle and transportation services, as well as services in healthcare facilities, municipalities, among others. Aviation segment encompasses its services in aviation, such as airports, airline and certain hospitality clients with baggage and parking services, as well as ancillary services, which includes shuttle and ground transportation services, baggage repair and replacement, and other services. The Company serves its clients across North America and Europe. |
Financial Overview |
For the fiscal year ended 31 December 2023, SP Plus Corp revenues increased 15% to $1.78B. Net income decreased 31% to $31.1M. Revenues reflect Reimbursed management type contract revenue segment increase of 18% to $899.1M, Commercial segment increase of 9% to $585.5M, Aviation segment increase of 16% to $297.7M. Net income was offset by Other segment loss increase of 31% to $95.4M. |
Employees: | 13,100 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,353M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,782M as of Dec 31, 2023 |
EBITDA (TTM): | $131.50M as of Dec 31, 2023 |
Net annual income (TTM): | $31.10M as of Dec 31, 2023 |
Free cash flow (TTM): | $34.40M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $333.00M as of Dec 31, 2023 |
Shares outstanding: | 19,798,884 as of Feb 26, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |