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SP Plus Corp - SP STOCK NEWS

Welcome to our dedicated news page for SP Plus (Ticker: SP), a resource for investors and traders seeking the latest updates and insights on SP Plus.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SP Plus's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SP Plus's position in the market.

Rhea-AI Summary
SP+ Corporation reports record 2023 gross profit performance with double-digit growth in Commercial and Aviation segments. Stockholders approve merger with Metropolis Technologies. Financial highlights include increased revenue, gross profit, and adjusted EBITDA.
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SP Plus Corporation (SP) announced stockholder approval for the Agreement and Plan of Merger with Metropolis Technologies, Inc. Stockholders voted in favor of the Merger Agreement, with 99.94% approval. The Merger Agreement entails SP+ merging with Metropolis, with SP+ surviving as a wholly owned subsidiary. Stockholders will receive $54.00 per share in cash at the Merger's closing. The Merger is subject to certain closing conditions, including DOJ review under the HSR Act.
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-0.14%
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acquisition
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SP+ Corporation (SP) has implemented its Sphere™ technology platform at Miami Valley Hospital, Dayton, Ohio, to manage parking facilities with digital ticketing and license plate recognition, enhancing efficiency and convenience for patients, staff, and visitors.
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0.41%
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SP+ Corporation (SP) has been recognized by Forbes as one of America’s Most Successful Small-Cap Companies for 2024. Forbes used data from FactSet to compile its annual list of 389 companies with a market value between $300 million and $2 billion, positive sales growth over the past 12 months, and a share price of at least five dollars. SP+ Chairman and CEO, Marc Baumann, expressed appreciation for the recognition, attributing it to the company's commitment to delivering industry-leading technology in the mobility services sector.
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0.08%
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SP+ Corporation (SP) has announced an agreement to operate, manage, and maintain the University of Akron’s parking system at the main campus in Akron, Ohio. The 35-year parking monetization agreement, structured as a tax-exempt bond transaction, has generated an up-front payment of $55 million for the University, with ongoing revenue of approximately $75 million over the term. The investment in campus parking facilities, operations, and technology will provide an improved overall customer experience.
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-0.25%
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SP+ Corporation (SP) has secured a five-year contract for ground transportation management, parking, and concierge/ambassador services at San Francisco International Airport (SFO) in California. SFO, the second-busiest airport in California, is estimated to welcome 46 million passengers in 2023. SP+ will provide a range of services at SFO, including parking management, reservations, and revenue management through its AeroParker branded e-commerce platform. The company operates under a Joint Venture agreement with a local firm, SF Parking, LLC, and has a strong presence in the aviation industry, with dedicated services at more than 70 U.S. airports. SP+ has been recognized for its diversity and inclusion efforts within its corporate procurement and employment structure.
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-0.18%
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SP Plus Corporation announces record gross profit in Q3 2023, with double-digit growth in both Commercial and Aviation segments. They added 108 net new locations and maintained a high location retention rate of 94%. The acquisition by Metropolis Technologies, Inc. is expected to close in 2024. Technology solutions continue to gain traction with clients.
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0.71%
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earnings
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SP Plus Corporation expects to release Q3 2023 earnings on November 1, 2023, after the market close. The company will not host an earnings conference call due to the pending acquisition by Metropolis Technologies, Inc.
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-0.14%
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earnings
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SP+ Corporation announces the expansion of its online reservation system technology, AeroParker, to three additional airports and a valet parking operation in Texas.
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Lifshitz Law PLLC announces investigations of SLGC, ORTX, SP
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SP Plus Corp

Nasdaq:SP

SP Rankings

SP Stock Data

1.02B
17.27M
3.02%
100.23%
5.52%
Parking Lots and Garages
Other Services (except Public Administration)
Link
US
Chicago

About SP

as an industry leader, sp plus corporation (nasdaq:sp) provides professional parking, ground transportation, facility maintenance, security and event logistics services to property owners and managers in a wide array of markets. through our sp+ parking, standard parking and central parking brands, we currently operate thousands of parking facilities containing over two million parking spaces in hundreds of cities across the united states and canada.