SP Plus (SP) reported record first quarter 2024 results with an 8% year-over-year gross profit increase, setting new records for gross profit and adjusted EBITDA. The Commercial division saw 4% reported gross profit growth and 5% adjusted gross profit growth, while the Aviation division achieved double-digit gross profit growth. SP+ continues to focus on innovative technology solutions, acquisitions, and technology investments to drive gross profit growth. Total technology transactions and their contribution to adjusted gross profit set quarterly records, nearing the goal of generating 10% of gross profit through technology solutions by 2025.
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