Company profile

Ticker
SP
Exchange
Website
CEO
G. Marc Baumann
Employees
Incorporated
Location
Fiscal year end
Former names
Apcoa Inc, Apcoa Standard Parking Inc, Standard Parking Corp
SEC CIK
IRS number
161171179

SP stock data

(
)

Calendar

11 May 20
7 Aug 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 409.7M 421.5M 418.6M 414.2M
Net income -45.6M 9.5M 15M 16.3M
Diluted EPS -2.18 0.41 0.64 0.68
Net profit margin -11.13% 2.25% 3.58% 3.94%
Operating income -58.4M 18.5M 25.4M 26.9M
Net change in cash -2.2M -5.5M 7.3M -1.4M
Cash on hand 21.9M 24.1M 29.6M 22.3M
Cost of revenue 439.9M 367.2M 359.9M 352.3M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 1.66B 1.47B 1.59B 1.57B
Net income 51.7M 56.4M 44.5M 26M
Diluted EPS 2.2 2.35 1.83 1.03
Net profit margin 3.11% 3.84% 2.80% 1.66%
Operating income 89.7M 75.1M 81.4M 52.7M
Net change in cash -15.8M 17.1M 600K 3.5M
Cash on hand 24.1M 39.9M 22.8M 22.2M
Cost of revenue 1.44B 1.28B 1.41B 1.39B

Financial data from SP Plus earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
6 Jul 20 Ricchiuto John Common Stock Payment of exercise Dispose F No 19.1837 5,817 111.59K 37,670
13 May 20 Garrison Karen M Common Stock Grant Aquire A No 18.55 5,119 94.96K 66,929
13 May 20 Reid Gregory A Common Stock Grant Aquire A No 18.55 3,233 59.97K 11,137
13 May 20 Peterson Alice M Common Stock Grant Aquire A No 18.55 3,233 59.97K 8,134
13 May 20 Douglas R Waggoner Common Stock Grant Aquire A No 18.55 3,233 59.97K 18,756
84.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 123 152 -19.1%
Opened positions 9 28 -67.9%
Closed positions 38 7 +442.9%
Increased positions 50 44 +13.6%
Reduced positions 47 58 -19.0%
13F shares
Current Prev Q Change
Total value 403.2M 845.49M -52.3%
Total shares 19.43M 19.93M -2.5%
Total puts 0 0
Total calls 98.5K 79.6K +23.7%
Total put/call ratio
Largest owners
Shares Value Change
BLK BlackRock 1.71M $35.53M -5.5%
P2 Capital Partners 1.59M $33.09M +29.7%
Wellington Management 1.3M $27.03M +2.9%
Dimensional Fund Advisors 1.18M $24.55M -0.0%
Vanguard 1.11M $23.11M +1.5%
Nuveen Asset Management 1.07M $22.27M -5.4%
Aristotle Capital Boston 942.73K $19.56M +1.4%
FIL 896.77K $18.61M +21.7%
ArrowMark Colorado 820.3K $17.02M +9.2%
Renaissance Technologies 637.8K $13.23M +3.2%
Largest transactions
Shares Bought/sold Change
P2 Capital Partners 1.59M +365.66K +29.7%
MS Morgan Stanley 19.72K -334.74K -94.4%
FIL 896.77K +159.69K +21.7%
River Road Asset Management 400.42K +152.75K +61.7%
WCM Investment Management 436.18K +126.89K +41.0%
BLK BlackRock 1.71M -98.75K -5.5%
Putnam Investments 0 -91.03K EXIT
Healthcare Of Ontario Pension Plan Trust Fund 0 -89.44K EXIT
Millennium Management 239.43K +86.77K +56.8%
Mondrian Investment Partners 0 -81.07K EXIT

Financial report summary

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Risks
  • The global COVID-19 pandemic has had, and is expected to continue to have a negative effect on the global economy, the United States economy and the global financial markets, and has disrupted, and is expected to continue to disrupt, our operations and our clients’ operations, all of which will have an adverse effect on our business, financial condition and results of operations.
  • We are subject to intense competition that could constrain our ability to gain business and adversely impact our profitability.
  • Changing consumer preferences and legislation may lead to a decline in parking demand, which could have a material adverse impact on our business, financial condition and results of operations.
  • Our business success depends on our ability to preserve client relationships.
  • We do not maintain insurance coverage for all possible risks.
  • Our risk management and safety programs may not have the intended effect of allowing us to reduce our insurance costs.
  • Adverse litigation judgments or settlements resulting from legal proceedings in which we may be involved could adversely affect our operations and financial condition.
  • We operate in a highly regulated environment, and our compliance with laws and regulations, including any changes thereto, or our non-compliance with such laws and regulations, may impose significant costs on us.
  • Risks relating to our acquisition strategy may adversely impact our results of operations.
  • Our management type contracts and lease type contracts expose us to certain risks.
  • Deterioration in economic conditions in general could reduce the demand for our services and, as a result, reduce our earnings and adversely affect our financial condition.
  • We are increasingly dependent on information technology, and potential disruption, cyber-attacks, cyber-terrorism and security breaches to our technology, or our third-party providers and clients, or the compromise of our data, present risks that could harm our business.
  • We have incurred indebtedness, and we may incur indebtedness in the future, that could adversely affect our financial condition.
  • The phase-out of the London Interbank Offered Rate (“LIBOR”) could affect interest rates under our existing credit facility agreement, hedging activity, as well as our ability to seek future debt financing.
  • Our ability to maintain and expand our business will be dependent upon the availability of adequate capital.
  • The financial difficulties or bankruptcy of one or more of our major clients could adversely affect our results.
  • Labor disputes could lead to loss of revenues or expense variations.
  • Our business success depends on retaining senior management and attracting and retaining qualified personnel.
  • Catastrophic events could disrupt our business and services.
  • Because our business is affected by weather-related trends, typically in the first and fourth quarters of each year, our results may fluctuate from period to period, which could make it difficult to evaluate our business.
  • Goodwill impairment charges could have a material adverse effect on our financial condition and results of operations.
  • Impairment of long-lived assets may adversely affect our operating results.
  • State and municipal government clients may sell or enter into long-term lease type contracts of parking-related assets with our competitors or property owners and developers may redevelop existing locations for alternative uses.
  • The sureties for our performance bond program may elect not to provide us with new or renewal performance bonds for any reason.
  • Federal healthcare reform legislation may adversely affect our business and results of operations.
  • Changes in tax laws or rulings could materially affect our financial position, results of operations, and cash flows.
  • We have investments in joint ventures and may be subject to certain financial and operating risks with our joint venture investments.
  • Actions of activist investors could disrupt our business.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
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