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SP Plus Corporation (NASDAQ: SP) has announced its plan to release first quarter 2023 earnings on May 3, 2023, after market close. The company will host a conference call that day at 4:00 PM Central Time, which can be accessed via a webcast. Participants are advised to log in at least 15 minutes early for setup. For those unable to listen live, a replay will be available for 30 days post-call.
SP+ specializes in mobility solutions, combining advanced technology with operational excellence to enhance consumer experiences. The company serves diverse clients across North America and Europe, striving to efficiently facilitate the movement of people and vehicles.
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SP Plus Corporation (Nasdaq:SP) reported strong fourth quarter and full-year 2022 results, finishing the year with a 7% increase in gross profit and a 16% rise in adjusted gross profit. The company's aviation segment saw a remarkable 25% growth in Q4, driven by new contracts and increased travel activity. Despite a net income decrease in Q4 to $4.8 million, adjusted EPS rose to $0.56. SP+ anticipates continued growth in 2023, projecting double-digit increases in gross profit and adjusted EBITDA while investing $15 million more in expenses for technology and personnel. A new $60 million share repurchase program reflects confidence in future growth.
SP+ Corporation (SP) retains its status as an Accredited Parking Organization (APO) with Distinction, solidifying its position in the parking and mobility industry. This prestigious designation is awarded to organizations demonstrating industry excellence via best practices in customer service, safety, and sustainability. The reaccreditation comes after a comprehensive evaluation process, affirming SP+'s commitment to high operational standards and client service. CEO Marc Baumann expressed pride in this achievement, underscoring the company's dedication to providing top-notch mobility solutions across North America and Europe.