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SP Plus Corporation (SP) has announced key leadership changes, promoting Chris Sherman to Chief Strategy Officer and Dave Lombardi to Chief Business Development Officer within its Commercial Division. Both bring extensive experience, with Sherman focusing on advancing SP+'s growth strategy and optimizing technology product delivery, while Lombardi will oversee business development and national accounts. These changes aim to leverage SP+'s Sphere technology products and enhance service delivery across various sectors, including aviation and hospitality, enhancing client relationships and operational efficiency.
SP Plus Corporation (Nasdaq: SP) reported strong fourth-quarter and full-year 2021 results, highlighting a significant recovery from pandemic impacts. Fourth-quarter GAAP gross profit surged 54% to $45.5 million, with adjusted gross profit at $49.3 million. For the full year, GAAP gross profit reached $167.3 million, compared to $20.2 million in 2020. Adjusted earnings per share increased to $1.93. The company anticipates 2022 gross profit growth of 18% year-over-year. Key revenue drivers include technology-driven solutions like Sphere and robust performance in the Commercial segment.
SP Plus Corporation (NASDAQ: SP) will release its fourth quarter and full-year 2021 earnings on February 23, 2022, after market close. A conference call is scheduled for 4:00 PM CT on the same day, accessible via the company's investor relations website. SP Plus specializes in parking management, ground transportation, and other mobility solutions for various sectors including aviation, healthcare, and hospitality. The company aims to enhance customer experiences while improving financial results for its clients.
SP Plus Corporation (Nasdaq:SP) reported its third quarter 2021 results, revealing a strong financial performance amid improving business conditions. The company's gross profit reached $46.0 million, a 10% increase year-over-year, with adjusted gross profit at $49.5 million, up 17%. General and administrative expenses rose to $21.1 million. The company expects full-year gross profit to hit the high end of $170 to $185 million and has raised its operating cash flow and free cash flow guidance by $10 million. SP+ continues to enhance its market leadership through technology initiatives and new contracts.
SP Plus Corporation (Nasdaq: SP) has been selected to manage the Curbside Management Program at San Francisco International Airport (SFO), effective November 1. This program will oversee the curb space and staging for approximately 35,000 daily taxi, limousine, and transportation network vehicles, consolidating ground transportation management. SP+ is already responsible for public and employee parking operations at SFO, indicating a growing partnership with the airport. The initiative aims to improve passenger movement and the overall consumer experience.
SP Plus Corporation (NASDAQ: SP) announced it will release its third quarter 2021 earnings on October 27, 2021, after market close. A conference call is scheduled for the same day at 4:00 PM (Central Time), accessible via webcast. SP Plus provides diverse mobility solutions including parking management and transportation across various sectors in North America. Investors can expect a replay of the call on their website shortly after it concludes, available for 30 days.
SP Plus Corporation (SP), a leader in technology-driven mobility solutions, has been appointed as the parking operator for the University of Toledo. This partnership, formed through the public-private initiative ParkUToledo, aims to modernize campus parking operations. SP+ will oversee the management of 66 parking lots with over 10,000 spaces, enhancing customer service and operational efficiency. The company has also created the parkutoledo.com website for parking passes and information. SP+'s expertise in mobility solutions positions them as a valuable partner in this venture.
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SP Plus Corporation (Nasdaq:SP) will participate in the Sidoti Fall 2021 Virtual Small Cap Conference on September 22, at 3:00 p.m. CDT. Presenters include Chairman and CEO Marc Baumann and CFO Kris Roy. The event will feature a live audio webcast, which will be accessible here, with a replay available for three months. Management plans to hold investor meetings during the conference.
SP Plus Corporation (SP), a leader in mobility solutions, has launched valet parking services at Charles M. Schulz – Sonoma County Airport (STS) in Santa Rosa, California. This initiative addresses increased passenger demand and construction activities around the airport, ensuring a smooth travel experience. SP+ manages three parking facilities at STS and utilizes its Sphere Commerce™ Valet Services to enhance operations. The ongoing deployment of Sphere technologies, including remote management and pay-by-phone options, aims to elevate convenience for travelers visiting the airport.