SP Plus Corp (OQ:SP)

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
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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

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