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Last $21.93 USD
Change Today -0.47 / -2.10%
Volume 48.7K
SP On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

sp plus corp (SP) Snapshot

Open
$22.22
Previous Close
$22.40
Day High
$22.22
Day Low
$21.77
52 Week High
04/21/14 - $25.99
52 Week Low
07/31/14 - $17.96
Market Cap
485.3M
Average Volume 10 Days
49.6K
EPS TTM
$1.31
Shares Outstanding
22.1M
EX-Date
--
P/E TM
16.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for SP PLUS CORP (SP)

sp plus corp (SP) Related Businessweek News

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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; restriping of the parking stalls; painting of walkways, curbs, ceilings, walls, and other facility surfaces; maintenance of parking equipment, such as ticket dispensing machines, parking gate arms, and fee computers; and snow removal from sidewalks and driveways. The company also provides valet services; shuttle bus vehicles and drivers; and 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 on-street parking meter collection, and other parking enforcement services; and remote parking management services. The company serves private and public owners, municipalities, managers and developers of major office buildings, residential properties, commercial properties, shopping centers and other retail properties, sports and special event complexes, hotels, and hospitals and medical centers. As of December 31, 2014, it managed approximately 4,200 parking facility locations with approximately 2 million parking spaces in approximately 411 cities, as well as operated 44 parking-related service centers serving 71 airports; and a fleet of approximately 770 shuttle buses and 338 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.

14,057 Employees
Last Reported Date: 03/6/15
Founded in 1929

sp plus corp (SP) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $560.5K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $314.5K
Executive Vice President of Hospitality Divis...
Total Annual Compensation: $473.2K
Executive Vice President of Operations - Nort...
Total Annual Compensation: $469.3K
Executive Vice President of Operations - Sout...
Total Annual Compensation: $374.4K
Compensation as of Fiscal Year 2014.

sp plus corp (SP) Key Developments

SP Plus Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for 2015

SP Plus Corporation announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, net income attributable to the company was $9,186,000 or $0.41 per diluted common stock compared to $5,161,000 or $0.35 per diluted common stock a year ago. Adjusted net income attributable to the company was $7,753,000 or $0.35 per diluted common stock compared to $6,645,000 or $0.30 per diluted common stock a year ago. Operating income was $10,372,000 compared to $14,546,000 a year ago. EBITDA was $17,325,000 compared to $21,429,000 a year ago. Adjusted EBITDA was $21,551,000 compared to $23,988,000 a year ago. Underlying EBITDA was $20,562,000 compared to $20,957,000 a year ago. Net cash provided by operating activities was $15,838,000 compared to $24,702,000 a year ago. For the year, the company reported total revenue of $1,514,692,000 compared to $1,466,799,000 a year ago. Operating income was $39,471,000 compared to $41,977,000 a year ago. Income before income taxes was $25,936,000 compared to $23,586,000 a year ago. Net income attributable to the company was $23,098,000 or $1.03 per diluted common stock compared to $12,089,000 or $0.54 per diluted common stock a year ago. Net cash provided by operating activities was $51,629,000 compared to $34,893,000 a year ago. Purchase of leasehold improvements and equipment was $13,517,000 compared to $15,734,000 a year ago. Adjusted net income attributable to the company was $19,266,000 or $0.86 per diluted common stock compared to $18,915,000 or $0.85 per diluted common stock a year ago. EBITDA was $66,785,000 compared to $70,494,000 a year ago. Adjusted EBITDA was $77,837,000 compared to $82,263,000 a year ago. Underlying EBITDA was $75,473,000 compared to $74,074,000 a year ago. The company provided earnings guidance for 2015. For the year, the company expects adjusted EBITDA in the range of $83 million to $87 million and adjusted earnings per share in the range of $0.93 to $1.03. Adjusted EBITDA and adjusted earnings per share will continue to exclude non-routine items including, but not limited to, restructuring costs, asset sales, changes in valuation allowances for deferred tax assets, and ongoing costs related to non-routine structural and other repairs. Free cash flow, adjusted for non-routine structural and other repairs, is expected to be in the range of $30 million to $36 million. Taking a longer term view, assuming reasonable stability in general economic conditions, the company expects to achieve adjusted EBITDA of $100 million for fiscal 2017 and to make significant progress toward that goal by fiscal 2016 through continued gross profit growth coupled with cost reductions.

SP Plus Corporation to Report Q4, 2014 Results on Mar 04, 2015

SP Plus Corporation announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Mar 04, 2015

SP Plus Corporation, Q4 2014 Earnings Call, Mar 05, 2015

SP Plus Corporation, Q4 2014 Earnings Call, Mar 05, 2015

 

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Industry Analysis

SP

Industry Average

Valuation SP Industry Range
Price/Earnings 21.3x
Price/Sales 0.6x
Price/Book 2.1x
Price/Cash Flow 9.1x
TEV/Sales 0.3x
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