OverviewSuggest Edit

SP Plus Corporation is a provider of professional parking management, ground transportation, remote baggage check-in and handling, facility maintenance, security, event logistics, and other technology-driven mobility solutions to aviation, commercial, hospitality, healthcare, and government clients. The company serves private and public owners, municipalities and governments, managers and developers of office buildings, residential properties, commercial properties, shopping centers and other retail properties, healthcare facilities and medical centers, sports and special event complexes, hotels and resorts, airlines and cruise lines.

TypePublic
Founded1929
HQChicago, IL, US
Websitespplus.com
Employee Ratings3.3
Overall CultureD

Latest Updates

Employees (est.) (Dec 2020)12,200(-17%)
Revenue (FY, 2020)$1.1 B(-34%)
Share Price (Oct 2021)$29.8
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Key People/Management at SP Plus Corporation

Marc Baumann

Marc Baumann

Chief Executive Officer
Jeff Eckerling

Jeff Eckerling

Chief Growth Officer
Connie Jin

Connie Jin

Senior Vice President, Corporate Development
Bob Miles

Bob Miles

President, Bags
Jack Ricchiuto

Jack Ricchiuto

President, Airport Division
Kris Roy

Kris Roy

Chief Financial Officer
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SP Plus Corporation Office Locations

SP Plus Corporation has offices in Chicago and Toronto
Chicago, IL, US (HQ)
200 E Randolph St #7700
Toronto, CA
960 36 Toronto St
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SP Plus Corporation Financials and Metrics

SP Plus Corporation Revenue

SP Plus Corporation's revenue was reported to be $1.09 b in FY, 2020
USD

Revenue (Q1, 2021)

246.7m

Gross profit (Q1, 2021)

38.3m

Gross profit margin (Q1, 2021), %

15.5%

Net income (Q1, 2021)

3.9m

Market capitalization (15-Oct-2021)

692.0m

Closing stock price (15-Oct-2021)

29.8
SP Plus Corporation's current market capitalization is $692 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.5b1.5b1.6b1.6b1.6b1.5b1.7b1.1b

Revenue growth, %

3%7%0%(2%)

Cost of goods sold

1.4b1.3b1.4b1.1b

Gross profit

185.3m184.0m228.1m30.4m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Revenue

179.7m187.1m189.4m190.9m193.2m370.0m370.3m355.3m375.8m374.4m380.3m405.6m400.8m397.6m402.6m409.1m392.7m362.2m362.1m409.4m414.2m418.6m409.7m203.4m246.7m

Cost of goods sold

157.6m162.9m167.8m166.2m171.5m329.3m324.6m346.8m311.1m317.1m356.2m352.3m359.9m439.9m216.8m208.4m

Gross profit

22.0m24.2m21.6m24.8m21.7m40.7m45.7m45.9m51.1m45.0m53.2m61.9m58.7m(30.2m)(13.4m)38.3m

Gross profit Margin, %

12%13%11%13%11%11%12%12%14%12%13%15%14%(7%)(7%)16%
Annual
USDY, 2009Y, 2010FY, 2011Y, 2011FY, 2012Y, 2012Y, 2013FY, 2013Y, 2014FY, 2014Y, 2015FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

8.3m13.2m13.2m13.2m28.5m28.5m23.2m23.2m18.2m18.2m18.7m18.7m22.2m22.8m39.9m24.1m13.9m

Accounts Receivable

46.4m110.6m115.1m109.3m105.1m122.3m150.7m162.3m111.2m

Prepaid Expenses

2.4m25.9m20.6m17.8m13.9m15.5m17.2m24.7m26.8m

Inventories

Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Cash

11.8m7.6m9.0m9.1m10.4m26.8m20.5m22.3m24.3m23.6m18.2m18.8m23.8m19.0m30.8m22.1m19.3m21.6m27.5m23.4m32.5m20.2m23.7m22.3m29.6m21.9m18.1m

Accounts Receivable

47.7m54.3m56.0m57.1m61.2m116.9m120.0m124.9m130.9m136.4m156.2m162.1m158.8m100.3m102.1m

Prepaid Expenses

3.0m2.7m2.8m3.0m2.6m19.2m17.7m10.2m12.3m13.1m14.4m14.1m15.7m14.4m31.5m

Current Assets

64.8m66.9m70.5m71.9m76.9m177.7m173.0m173.8m180.1m161.2m153.5m157.0m160.7m153.8m172.2m166.3m163.5m158.4m158.1m158.5m175.7m169.7m194.3m198.5m195.3m195.1m134.5m151.6m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

17.9m4.2m14.8m26.1m20.3m26.0m44.5m56.4m51.7m(172.9m)

Depreciation and Amortization

6.7m13.3m29.6m30.4m34.0m33.7m18.8m29.3m29.3m

Inventories

Accounts Payable

763.0k9.1m(13.5m)(9.0m)(11.4m)14.8m(7.2m)800.0k5.2m(17.5m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Net Income

8.3m14.3m2.3m6.5m9.0m622.0k4.7m4.5m4.8m6.2m5.1m1.8m10.5m4.5m600.0k7.4m7.7m6.7m24.0m36.0m15.9m32.1m46.6m10.9m27.2m42.2m(45.6m)(85.4m)3.9m

Depreciation and Amortization

3.2m4.9m1.7m3.5m5.2m7.4m14.8m8.0m7.2m7.7m7.6m8.1m8.2m8.3m9.2m9.8m7.8m6.6m11.8m16.9m8.3m9.0m13.4m11.2m15.1m21.8m7.5m15.1m6.3m

Accounts Payable

110.8m97.9m97.9m91.2m100.1m103.2m97.0m113.9m(2.0m)(14.1m)(5.1m)(7.9m)(9.2m)(6.8m)(2.7m)(7.6m)6.1m(16.2m)1.3m

Cash From Operating Activities

18.5m13.0m(9.1m)9.7m11.0m(9.5m)7.0m(6.1m)27.4m21.4m(1.6m)25.3m35.6m(6.9m)21.3m54.8m8.2m
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SP Plus Corporation Revenue Breakdown

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SP Plus Corporation revenue breakdown by business segment: 75.0% from Commercial, 24.0% from Airports and 1.0% from Other

SP Plus Corporation Online and Social Media Presence

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SP Plus Corporation Company Culture

  • Overall Culture

    D

    56/100

  • CEO Rating

    C-

    67/100

  • Compensation

    C-

    64/100

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SP Plus Corporation News and Updates

SP Plus Corporation to Release Third Quarter 2021 Results on October 27, 2021

CHICAGO, Oct. 13, 2021 (GLOBE NEWSWIRE) -- SP Plus Corporation (NASDAQ: SP) today announced that it expects to release third quarter 2021 earnings on Wednesday, October 27, 2021, after the close of market. Later that same day, the Company will host a conference call at 4:00 PM (Central Time) that …

SP Plus Corporation Announces Participation in the Sidoti Fall 2021 Virtual Small Cap Conference

CHICAGO, Sept. 20, 2021 (GLOBE NEWSWIRE) -- SP Plus Corporation (Nasdaq:SP), a leading provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America, today announced its participation in the Sidoti Fall 2021 Virtual Small …

SP Plus Corporation Selected to Provide Parking & Transportation Services at Reagan National & Dulles International Airports

CHICAGO, Aug. 18, 2021 (GLOBE NEWSWIRE) -- SP Plus Corporation (SP+), (Nasdaq: SP), a leading provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America, announced its selection by the Metropolitan Washington Airports A…

SP Plus Corporation Announces Partnership to Provide Parking & Transportation Services at Bush, Hobby & Ellington Airports in Houston

CHICAGO, July 21, 2021 (GLOBE NEWSWIRE) -- SP Plus Corporation (SP+), (Nasdaq: SP), a leading provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America, today announced its new partnership with Global Parking Systems, …

SP Plus Corporation to Release Second Quarter 2021 Results on July 28, 2021

CHICAGO, July 14, 2021 (GLOBE NEWSWIRE) -- SP Plus Corporation (NASDAQ: SP) today announced that it expects to release second quarter 2021 earnings on Wednesday, July 28, 2021, after the close of market. Later that same day, the Company will host a conference call at 4:00 PM (Central Time) that ca…

SP Plus Corporation Adds Touchless Mobility, Parking & Commerce Services at Charles M. Schulz – Sonoma County Airport

CHICAGO, May 27, 2021 (GLOBE NEWSWIRE) -- SP Plus Corporation (SP+), (Nasdaq: SP), a leading provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America, announced the addition of touchless reservation and commerce optio…
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SP Plus Corporation Blogs

SP Plus Corporation Named as NPA’s Innovative Organization of the Year

SP Plus Corporation Named as NPA’s Innovative Organization of the Year Content Import Wed, 09/29/2021 - 16:10 SP Plus Corporation Named as NPA’s Innovative Organization of the Year September 29, 2021 at 4:10 PM EDT This release is a backfill from a News Wire …

SP Plus Corporation Announces Second Quarter 2021 Results

Strong Financial Performance Reflects Improving Business Conditions and Disciplined Cost Management; Raising Full-Year Gross Profit Guidance by $27.5 Million (at the midpoint); Initiating Full-Year Guidance for Cash Flow from Operations and Free Cash Flow CHICAGO, July 28, 2021 (GLOBE NEWSWIRE) --

SP Plus Corporation Announces First Quarter 2021 Results

SP Plus Corporation Announces First Quarter 2021 Results Content Import Wed, 04/28/2021 - 16:03 SP Plus Corporation Announces First Quarter 2021 Results April 28, 2021 at 4:03 PM EDT This release is a backfill from a News Wire General …

SP Plus Corporation Selected to Provide Parking & Shuttle Operations at St. Louis Lambert International Airport

SP Plus Corporation Selected to Provide Parking & Shuttle Operations at St. Louis Lambert International Airport Content Import Mon, 03/01/2021 - 16:10 SP Plus Corporation Selected to Provide Parking & Shuttle Operations at St. Louis Lambert International Airport Marc…

SP Plus Corporation to Release Third Quarter 2020 Results on November 5, 2020

CHICAGO , Oct. 22, 2020 (GLOBE NEWSWIRE) -- SP Plus Corporation (NASDAQ: SP) today announced that it expects to release third quarter 2020 earnings on Thursday, November 5, 2020 , after the close of market. Later that same day, the Company will host a conference call at 4:00 PM (Central Time) that

Colleen Kozak

Colleen Kozak cjin@spplus.com Wed, 09/30/2020 - 16:37 Colleen Kozak Chief Human Resources Officer Colleen Kozak is Chief Human Resources Officer of SP Plus Corporation. Colleen joined SP Plus in 2015, as Vice President, Human Resources. Wi…
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SP Plus Corporation Frequently Asked Questions

  • When was SP Plus Corporation founded?

    SP Plus Corporation was founded in 1929.

  • Who are SP Plus Corporation key executives?

    SP Plus Corporation's key executives are Marc Baumann, Jeff Eckerling and Connie Jin.

  • How many employees does SP Plus Corporation have?

    SP Plus Corporation has 12,200 employees.

  • What is SP Plus Corporation revenue?

    Latest SP Plus Corporation annual revenue is $1.1 b.

  • What is SP Plus Corporation revenue per employee?

    Latest SP Plus Corporation revenue per employee is $89.1 k.

  • Who are SP Plus Corporation competitors?

    Competitors of SP Plus Corporation include Parking Panda, Securitas and Spot Hero.

  • Where is SP Plus Corporation headquarters?

    SP Plus Corporation headquarters is located at 200 E Randolph St #7700, Chicago.

  • Where are SP Plus Corporation offices?

    SP Plus Corporation has offices in Chicago and Toronto.

  • How many offices does SP Plus Corporation have?

    SP Plus Corporation has 2 offices.