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Sp Plus's Business Segments
Sp Plus's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q1 FY2024
Reportable Segments
2
Largest Segment
Segment One
Total Revenue
$ 452
Regions Reported
-
Revenue Share by Reportable Segment - Q1 FY2024
- Segment One32.7%
- Segment Two16.4%
Revenue by Reportable Segment - Q1 FY2024
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Segment One | $ 148 | 32.7% |
| Segment Two | $ 74 | 16.4% |
Revenue by Product & Service Category - Q1 FY2024
- Reimbursed Management Type Contract50.9%
- Lease and Management Type Contracts49.1%
- Management Type Contracts15.5%
- Lease Type Contracts0.9%
Revenue by Product & Service Category - Q1 FY2024
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Reimbursed Management Type Contract | $ 230 | 50.9% |
| Lease and Management Type Contracts | $ 222 | 49.1% |
| Management Type Contracts | $ 70 | 15.5% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Sp Plus
SP Plus Corporation is a leading provider of professional parking, ground transportation, facility maintenance, and security services. The company offers a broad range of services to commercial, institutional, and municipal clients in the United States, Canada, and Puerto Rico.
Parking Services: SP Plus Corporation offers a range of parking services to clients, including parking management, valet parking, shuttle services, and garage management. The company offers customized solutions to meet the specific needs of each client.
Ground Transportation: SP Plus offers ground transportation services to clients, including airport shuttle services, private car services, and corporate transportation services. The company operates a fleet of vehicles that are well-maintained and equipped with the latest technology.
Facility Maintenance: SP Plus offers facility maintenance services to clients, including building maintenance, landscaping, snow removal, and janitorial services. The company has a team of trained professionals who are equipped to handle any type of maintenance project.
Security Services: SP Plus offers security services to clients, including security staffing, access control, surveillance, and risk management. The company has a team of highly trained security professionals who are dedicated to ensuring the safety and security of clients' facilities and assets.
SP Plus Corporation has a long history of providing exceptional service and innovative solutions to its clients. The company has over 23,000 employees and operates in over 350 cities across North America. SP Plus is committed to sustainability and operates its services with a focus on minimizing its environmental impact.
Overall, SP Plus Corporation is a leading provider of a wide range of parking, ground transportation, facility maintenance, and security services. With its commitment to innovation, sustainability, and exceptional customer service, SP Plus is well-positioned to continue its growth and success in the years to come.
Parking Services: SP Plus Corporation offers a range of parking services to clients, including parking management, valet parking, shuttle services, and garage management. The company offers customized solutions to meet the specific needs of each client.
Ground Transportation: SP Plus offers ground transportation services to clients, including airport shuttle services, private car services, and corporate transportation services. The company operates a fleet of vehicles that are well-maintained and equipped with the latest technology.
Facility Maintenance: SP Plus offers facility maintenance services to clients, including building maintenance, landscaping, snow removal, and janitorial services. The company has a team of trained professionals who are equipped to handle any type of maintenance project.
Security Services: SP Plus offers security services to clients, including security staffing, access control, surveillance, and risk management. The company has a team of highly trained security professionals who are dedicated to ensuring the safety and security of clients' facilities and assets.
SP Plus Corporation has a long history of providing exceptional service and innovative solutions to its clients. The company has over 23,000 employees and operates in over 350 cities across North America. SP Plus is committed to sustainability and operates its services with a focus on minimizing its environmental impact.
Overall, SP Plus Corporation is a leading provider of a wide range of parking, ground transportation, facility maintenance, and security services. With its commitment to innovation, sustainability, and exceptional customer service, SP Plus is well-positioned to continue its growth and success in the years to come.
SP Plus Corporation is a prominent provider of professional parking, transportation, and related services in the United States. With a broad range of segments, products, and services, the company addresses the diverse needs of its clientele, spanning various industries and sectors. Below is an extensive overview of the segments, products, and services offered by SP Plus Corporation:
Segments:
1. Commercial Parking:
SP Plus Corporation specializes in delivering commercial parking services to a variety of clients, including office buildings, shopping centers, airports, hotels, and entertainment venues. The company focuses on enhancing customer experience, optimizing space utilization, and boosting revenue generation through efficient parking solutions and superior service delivery.
2. Municipal Services:
The company partners with municipalities and government agencies to offer comprehensive parking solutions, including on-street parking management, citation management, and enforcement services. SP Plus aims to improve urban mobility, facilitate better parking regulation, and enhance revenue collection for local governments.
3. Event Parking and Transportation:
For clients hosting special events, SP Plus provides tailored event management services, including on-site parking solutions, shuttle services, and crowd management strategies. This segment aims to streamline the parking experience and ensure efficient transportation for event attendees.
4. Airport, Seaport, and Cruise Parking:
SP Plus Corporation offers specialized parking services for travelers using airports, seaports, and cruise terminals. This includes providing secure long-term and short-term parking options, as well as shuttle transportation to and from terminals to facilitate a seamless travel experience.
5. Healthcare Parking:
Understanding the unique needs of healthcare facilities, SP Plus develops customized healthcare parking solutions for hospitals, clinics, and medical centers. The focus is on simplifying patient access, reducing wait times, and enhancing overall patient satisfaction through efficient parking operations.
6. Higher Education Parking:
SP Plus Corporation partners with colleges and universities to provide comprehensive parking services tailored to academic institutions. This includes parking management, enforcement solutions, permit sales, and shuttle transportation for students, faculty, and visitors.
Products:
1. Parking Facilities Management Software:
The company offers innovative parking facilities management software that allows clients to streamline their operations through features like real-time data analytics, automated reporting, and customizable dashboards. This software supports various functionalities essential for efficient parking management.
2. Parking Management Technology:
SP Plus delivers state-of-the-art parking management technology, including equipment such as parking gates, access control systems, automated ticket dispensers, and user-friendly pay stations. These solutions are designed to enhance the user experience and improve operational efficiency.
3. Remote Monitoring Services:
Clients benefit from SP Pluss remote monitoring services, which utilize advanced surveillance technology to ensure the security and proper functioning of parking facilities. This service provides clients peace of mind by maintaining oversight of their operations.
Services:
1. Parking Management:
SP Plus Corporation manages a full suite of parking management services that encompass valet parking, surface lot management, garage operations, and revenue control. The company focuses on delivering efficient, customer-friendly solutions that align with the specific needs of each client.
2. Transportation Services:
The company offers tailored transportation solutions, including onsite shuttle services, event transportation planning, and demand-responsive transportation. These services are designed to enhance accessibility and ensure seamless movement for patrons and guests.
3. Facility Maintenance:
To maintain high standards of operation, SP Plus provides full-service facility maintenance for parking structures. This includes routine inspections, cleaning, repair services, and overall maintenance to ensure that parking facilities are in optimal condition.
4. Revenue Management:
Leveraging data analytics and market insights, SP Plus delivers comprehensive revenue management solutions that help clients optimize pricing strategies and improve revenue throughput. This service aims to identify opportunities for increasing profitability through effective management of parking resources.
In summary, SP Plus Corporation stands out as a versatile provider of a wide range of parking and transportation services tailored to meet the diverse needs of its clientele. With a commitment to innovation and customer service excellence, SP Plus plays a crucial role in enhancing operational efficiency and support for industries throughout the United States.
Segments:
1. Commercial Parking:
SP Plus Corporation specializes in delivering commercial parking services to a variety of clients, including office buildings, shopping centers, airports, hotels, and entertainment venues. The company focuses on enhancing customer experience, optimizing space utilization, and boosting revenue generation through efficient parking solutions and superior service delivery.
2. Municipal Services:
The company partners with municipalities and government agencies to offer comprehensive parking solutions, including on-street parking management, citation management, and enforcement services. SP Plus aims to improve urban mobility, facilitate better parking regulation, and enhance revenue collection for local governments.
3. Event Parking and Transportation:
For clients hosting special events, SP Plus provides tailored event management services, including on-site parking solutions, shuttle services, and crowd management strategies. This segment aims to streamline the parking experience and ensure efficient transportation for event attendees.
4. Airport, Seaport, and Cruise Parking:
SP Plus Corporation offers specialized parking services for travelers using airports, seaports, and cruise terminals. This includes providing secure long-term and short-term parking options, as well as shuttle transportation to and from terminals to facilitate a seamless travel experience.
5. Healthcare Parking:
Understanding the unique needs of healthcare facilities, SP Plus develops customized healthcare parking solutions for hospitals, clinics, and medical centers. The focus is on simplifying patient access, reducing wait times, and enhancing overall patient satisfaction through efficient parking operations.
6. Higher Education Parking:
SP Plus Corporation partners with colleges and universities to provide comprehensive parking services tailored to academic institutions. This includes parking management, enforcement solutions, permit sales, and shuttle transportation for students, faculty, and visitors.
Products:
1. Parking Facilities Management Software:
The company offers innovative parking facilities management software that allows clients to streamline their operations through features like real-time data analytics, automated reporting, and customizable dashboards. This software supports various functionalities essential for efficient parking management.
2. Parking Management Technology:
SP Plus delivers state-of-the-art parking management technology, including equipment such as parking gates, access control systems, automated ticket dispensers, and user-friendly pay stations. These solutions are designed to enhance the user experience and improve operational efficiency.
3. Remote Monitoring Services:
Clients benefit from SP Pluss remote monitoring services, which utilize advanced surveillance technology to ensure the security and proper functioning of parking facilities. This service provides clients peace of mind by maintaining oversight of their operations.
Services:
1. Parking Management:
SP Plus Corporation manages a full suite of parking management services that encompass valet parking, surface lot management, garage operations, and revenue control. The company focuses on delivering efficient, customer-friendly solutions that align with the specific needs of each client.
2. Transportation Services:
The company offers tailored transportation solutions, including onsite shuttle services, event transportation planning, and demand-responsive transportation. These services are designed to enhance accessibility and ensure seamless movement for patrons and guests.
3. Facility Maintenance:
To maintain high standards of operation, SP Plus provides full-service facility maintenance for parking structures. This includes routine inspections, cleaning, repair services, and overall maintenance to ensure that parking facilities are in optimal condition.
4. Revenue Management:
Leveraging data analytics and market insights, SP Plus delivers comprehensive revenue management solutions that help clients optimize pricing strategies and improve revenue throughput. This service aims to identify opportunities for increasing profitability through effective management of parking resources.
In summary, SP Plus Corporation stands out as a versatile provider of a wide range of parking and transportation services tailored to meet the diverse needs of its clientele. With a commitment to innovation and customer service excellence, SP Plus plays a crucial role in enhancing operational efficiency and support for industries throughout the United States.