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Private company

SP Plus Corp

SP Plus Corp is an American auto rental and leasing services company based in Chicago.2

Last updated Oct 21, 2026.

Overview

  • IndustryServices-Auto Rental & Leasing (No Drivers)2
  • HeadquartersChicago, United States2
  • Incorporated inDE3
  • Business address200 E. Randolph Street, Suite 7700, Chicago, Il 60601-77023
  • Filer categoryLarge accelerated filer3
  • Legal formCorporation2
  • LEI0IDE18EMH1CUKQCUYE692
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 9231532

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SP Plus Corporation, a Delaware corporation, which operates through its subsidiaries (collectively referred to as “SP+”, "we", "us", or "our"), develops and integrates technology with operations management and support to deliver mobility solutions that enable the efficient and time-sensitive movement of people, vehicles and personal travel belongings. We are committed to providing solutions that make every moment matter for a world on the go while meeting the objectives of our diverse client base in North America and Europe, which includes aviation, commercial, hospitality and institutional clients. We typically enter into contractual agreements with property owners or managers as opposed to owning facilities.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

4.3%Operating margin6
1.9%Net margin6
14.7%Revenue growth, 20236
13.8%Return on equity6
$34.4MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Other costs96¢$1.7B
  • Interest2¢$29.1M
  • Income tax1¢$14.0M
  • Profit2¢$34.7M

Out of $1.8B in revenue.6

Where each dollar of operating cash went, fiscal 2023

  • Capital spending38¢$21.4M
  • Share buybacks20¢$11.1M
  • Kept or used elsewhere42¢$23.3M

Out of $55.8M of cash from operations.6

Financial statements

Revenue789106$1.8B in 2023+12% since 2017
0$500.0M$1.0B$1.5B$2.0B2017: $1.6B$1.6B20172018: $1.5B$1.5B2018−8%2019: $1.7B$1.7B2019+13%2020: $1.1B$1.1B2020−35%2021: $1.2B$1.2B2021+8%2022: $1.6B$1.6B2022+32%2023: $1.8B$1.8B2023+15%
Gross profit78$30.4M in 2020−84% since 2017
0$100.0M$200.0M$300.0M2017: $185.3M$185.3M20172018: $184.0M$184.0M2018−1%2019: $228.1M$228.1M2019+24%2020: $30.4M$30.4M2020−87%
Operating income789106$77.5M in 2023−5% since 2017
-$300.0M-$200.0M-$100.0M0$100.0M2017: $81.4M$81.4M20172018: $75.1M$75.1M2018−8%2019: $89.7M$89.7M2019+19%2020: -$219.6M-$219.6M20202021: $66.5M$66.5M20212022: $82.9M$82.9M2022+25%2023: $77.5M$77.5M2023−7%
Net income7106$34.7M in 2023−16% since 2017
-$200.0M-$100.0M0$100.0M2017: $41.2M$41.2M20172018: $53.2M$53.2M2018+29%2019: $48.8M$48.8M2019−8%2020: -$172.9M-$172.9M20202021: $35.3M$35.3M20212022: $48.1M$48.1M2022+36%2023: $34.7M$34.7M2023−28%
Fiscal year2017201820192020202120222023
Revenue$1.6B7$1.5B8$1.7B9$1.1B10$1.2B6$1.6B6$1.8B6
Cost of revenue$1.4B7$1.3B8$1.4B8$1.1B8
Gross profit$185.3M7$184.0M8$228.1M8$30.4M8
Operating income$81.4M7$75.1M8$89.7M9-$219.6M10$66.5M6$82.9M6$77.5M6
Interest$9.2M7$9.6M8$18.9M9$21.5M10$21.2M6$17.7M6$29.1M6
Income before tax$45.8M6$65.6M6$48.7M6
Income tax$27.7M7$19.6M8$19.4M9-$67.5M10$10.5M6$17.5M6$14.0M6
Net income$41.2M7$53.2M7$48.8M7-$172.9M10$35.3M6$48.1M6$34.7M6
Earnings per share$1.867$2.388$2.219-$8.2110$1.506$2.176$1.586
Earnings per share (diluted)$1.837$2.358$2.209-$8.2110$1.486$2.156$1.576
Shares (weighted, basic)21.2M shares620.8M shares619.7M shares6
Shares (weighted, diluted)21.4M shares621.0M shares619.8M shares6

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Corporate structure

SP Plus Corp sits at the top of its group. 32 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SP Plus Corp

  • SP Plus Corp Chicago, Illinois, United States
    • Aeroparker U.S.A., LLC GP Subsidiary · Delaware, United States
    • APCOA Bradley Parking Company, LLC Subsidiary · Connecticut, United States
    • APCOA LaSalle Parking Company, LLC Subsidiary · Louisiana, United States
    • Baggage Airline Guest Services, Inc. Subsidiary · Florida, United States
    • Central Parking Corporation Subsidiary · Tennessee, United States
    • Central Parking System of Connecticut, Inc. Subsidiary · Tennessee, United States
    • Central Parking System of Georgia, Inc. Subsidiary · Tennessee, United States
    • Central Parking System of Maryland, Inc. Subsidiary · Tennessee, United States
    • Central Parking System of Mississippi, LLC Subsidiary · Tennessee, United States
    • Central Parking System of Missouri, LLC Subsidiary · Tennessee, United States
    • Central Parking System of New York, Inc. Subsidiary · Tennessee, United States
    • Central Parking System of Puerto Rico Subsidiary · Tennessee, United States
    • Central Parking System of Washington, Inc. Subsidiary · Tennessee, United States
    • Central Parking System Reality of New York, Inc. Subsidiary · Tennessee, United States
    • Central Parking System, Inc. Subsidiary · Tennessee, United States
    • Home Serv Delivery, LLC Subsidiary · Florida, United States
    • K M P Associates, Ltd. Subsidiary · United Kingdom
    • KCPC Holdings, Inc. Subsidiary · Delaware, United States
    • Kinney Systems, Inc. Subsidiary · Delaware, United States
    • Maple Leaf Logistics, LLC Subsidiary · Florida, United States
    • Orlando DTTS, LLC Subsidiary · Florida, United States
    • Roker LLC Subsidiary · Delaware, United States
    • Rynn's Luggage Corporation Subsidiary · Pennsylvania, United States
    • SP Plus Corporation Canada Subsidiary · Ontario, Canada
    • SP Plus Global Holdings, Inc. Subsidiary · Delaware, United States
    • and 6 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SP Plus Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$132.6M6 Dec 31, 2023$119.2M6 Dec 31, 2022+11.2%
Property and equipment, net$68.3M6 Dec 31, 2023$60.2M6 Dec 31, 2022+13.5%
Finance-lease assets$24.6M6 Dec 31, 2023$24.4M6 Dec 31, 2022+0.8%
Operating-lease assets (leased space)$179.4M6 Dec 31, 2023$166.9M6 Dec 31, 2022+7.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$19.1M6 Dec 31, 2023$12.4M6 Dec 31, 2022+54.0%
Stakes in other companies (equity method)$12.2M6 Dec 31, 2023$11.9M6 Dec 31, 2022+2.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$544.6M6 Dec 31, 2023$543.2M6 Dec 31, 2022+0.3%
Intangible assets, net (excluding goodwill)$59.7M6 Dec 31, 2023$68.9M6 Dec 31, 2022−13.4%
Finite-lived intangibles, gross$136.1M6 Dec 31, 2023$133.2M6 Dec 31, 2022+2.2%
Accumulated amortization$76.4M6 Dec 31, 2023$64.3M6 Dec 31, 2022+18.8%
Finite-lived intangibles, net$59.7M6 Dec 31, 2023$68.9M6 Dec 31, 2022−13.4%

Leadership

Who has led SP Plus Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. James A. Wilhelm2006–2014
  2. G. Marc Baumann2015–2024

Chair

  1. John Holten V.2006–2009
  2. G. Marc Baumann2022–2024

President

  1. James A. Wilhelm2006–2013
  2. G. Marc Baumann2014–2021
  3. Robert Toy2017–2022
  4. John Ricchiuto2019–2022
  5. Robert A. Miles2020–2022
  6. Christopher R. Sherman2023–2024
  7. Ritu Vig2023–2024

Chief financial officer

  1. G. Marc Baumann2006–2013
  2. Vance Cushman Johnston2014–2019
  3. Kristopher H. Roy2020–2024

Chief operating officer

  1. Thomas L. Hagerman2008–2010
  2. G. Marc Baumann2014
2010201520202025
Board members and other officers (41)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • APCOA Bradley Parking Company, LLC Connecticut4
  • APCOA LaSalle Parking Company, LLC Louisiana4
  • Aeroparker U.S.A., LLC GP Delaware4
  • Baggage Airline Guest Services, Inc. Florida4
  • Central Parking Corporation Tennessee4
  • Central Parking System Reality of New York, Inc. Tennessee4
  • Central Parking System of Connecticut, Inc. Tennessee4
  • Central Parking System of Georgia, Inc. Tennessee4
  • Central Parking System of Maryland, Inc. Tennessee4
  • Central Parking System of Mississippi, LLC Tennessee4
  • Central Parking System of Missouri, LLC Tennessee4
  • Central Parking System of New York, Inc. Tennessee4
  • Central Parking System of Puerto Rico Tennessee4
  • Central Parking System of Washington, Inc. Tennessee4
  • Central Parking System, Inc. Tennessee4
  • Home Serv Delivery, LLC Florida4
  • K M P Associates, Ltd. United Kingdom4
  • KCPC Holdings, Inc. Delaware4
  • Kinney Systems, Inc. Delaware4
  • Maple Leaf Logistics, LLC Florida4
  • Orlando DTTS, LLC Florida4
  • Roker LLC Delaware4
  • Rynn's Luggage Corporation Pennsylvania4
  • SP Plus Corporation Canada Ontario, Canada4
All 31 listed subsidiaries
  • SP Plus Global Holdings, Inc. Delaware4
  • SP Plus Security of Canada, Ltd. British Columbia, Canada4
  • SP Plus Technology Labs India4
  • Standard Parking Corporation IL Delaware4
  • USA Parking System, Inc. Tennessee4
  • USA Parking Systems of Puerto Rico, Inc. Puerto Rico4
  • ZWB Holdings, Inc. Florida4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • STANDARD PARKING CORPMay 9, 2003 to Dec 2, 20133
  • APCOA STANDARD PARKING INC /DE/Dec 27, 2001 to Apr 1, 20033
  • APCOA INCAug 18, 1998 to Nov 14, 20013

Timeline

  1. May 16, 20248-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale67
  2. May 15, 20248-K Other events68
  3. May 1, 20248-K Results of operations; Regulation FD disclosure69
  4. Feb 27, 20248-K Results of operations; Regulation FD disclosure70
  5. Feb 12, 20248-K Shareholder vote; Other events71
  6. Feb 8, 20248-K Other events72
  7. Dec 18, 20238-K Executive or director change73
  8. Nov 1, 20238-K Results of operations; Regulation FD disclosure74
  9. Oct 26, 20238-K Other events75
  10. Oct 5, 20238-K Entered a material agreement; Executive or director change; Other events76
  11. Aug 2, 20238-K Results of operations; Regulation FD disclosure77
  12. Jul 26, 20238-K Other events78
  13. Jul 20, 2015New chief executive G. Marc Baumann becomes CEO15
  14. Sep 28, 2006New chief executive James A. Wilhelm becomes CEO16
  15. Sep 24, 1981Founded SP Plus Corp is founded2

Calendar

When it reported results

  1. May 1, 2024Reported quarterly or annual results69
  2. Feb 27, 2024Reported quarterly or annual results70
  3. Nov 1, 2023Reported quarterly or annual results74
  4. Aug 2, 2023Reported quarterly or annual results77
  5. May 3, 2023Reported quarterly or annual results79
  6. Feb 22, 2023Reported quarterly or annual results80
  7. Nov 2, 2022Reported quarterly or annual results81
  8. Aug 3, 2022Reported quarterly or annual results82

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

149 filings to the SEC since October 2021: 3 annual reports, 8 quarterly reports, 37 major events, 62 insider forms, 17 large holders, 22 other. The latest 20:

  1. May 24, 202415-12G EDGAR
  2. May 21, 2024SC 13D/A EDGAR
  3. May 20, 2024EFFECT EDGAR
  4. May 20, 2024SC 13G/A EDGAR
  5. May 20, 20244 EDGAR
  6. May 20, 20244 EDGAR
  7. May 20, 20244 EDGAR
  8. May 20, 20244 EDGAR
  9. May 20, 20244 EDGAR
  10. May 20, 20244 EDGAR
  11. May 20, 20244 EDGAR
  12. May 20, 20244 EDGAR
  13. May 20, 20244 EDGAR
  14. May 20, 20244 EDGAR
  15. May 17, 2024S-8 POS EDGAR
  16. May 17, 2024S-8 POS EDGAR
  17. May 17, 2024S-8 POS EDGAR
  18. May 17, 2024S-8 POS EDGAR
  19. May 17, 2024S-8 POS EDGAR
  20. May 17, 2024POS AM EDGAR

The 149 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

8 open-market trades by officers, directors and large owners since October 2021: 0 buys and 8 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 27, 2023Baumann G MarcChairman & CEOSale10,408$34.36$357.6KForm 4
Feb 16, 2023Baumann G MarcChairman & CEOSale2,000$39.00$78.0KForm 4
Nov 23, 2022Toy RobertPresident, Commercial DivisionSale5,000$34.66$173.3KForm 4
Nov 22, 2022Ricchiuto JohnPresident, Airport DivisionSale9,700$34.80$337.6KForm 4
Aug 9, 2022Toy RobertPresident, Commercial DivisionSale4,000$34.33$137.3KForm 4
Aug 9, 2022Ricchiuto JohnPresident, Airport DivisionSale8,000$34.33$274.6KForm 4
Aug 4, 2022Baumann G MarcChairman & CEOSale2,000$37.00$74.0KForm 4
Aug 1, 2022Baumann G MarcChairman & CEOSale2,000$35.00$70.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How SP Plus Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSP Plus Corp1
  • CIK0001059262
  • Employer ID (EIN)16-11711791
  • Filer statusLarge accelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)7510 Services-Auto Rental & Leasing (No Drivers)1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address200 E. Randolph Street, Suite 7700, Chicago, IL 60601-77021
  • Phone312-274-20001
  • Shares outstanding19,798,884 as of May 1, 202413
  • Public float$761.9M as of Jun 30, 20236
  • On EDGAR sinceApr 17, 19981
  • Filings1,597 in all: 4 (776), 8-K (331), 10-Q (78), SC 13G/A (70), 4/A (64), 3 (58), SC 13G (25), 10-K (22)1
    All 48 form types

    DEFA14A (20), DEF 14A (19), SC 13D/A (14), UPLOAD (11), CORRESP (10), 8-K/A (8), ARS (7), S-4/A (7), SC 13D (6), 424B3 (5), S-8 (5), S-8 POS (5), 10-K/A (4), 10-K405 (4), 424B7 (4), EFFECT (4), 10-Q/A (3), 5 (3), PRE 14A (3), S-1/A (3), 3/A (2), CT ORDER (2), DEFM14A (2), POS AM (2), PREM14A (2), PRER14A (2), S-3 (2), S-4 (2), 15-12G (1), 25-NSE (1), 424B1 (1), 424B5 (1), 8-A12G (1), DEF 14C (1), F-8/A (1), NT 10-Q (1), PRE 14C (1), RW (1), S-1 (1), S-3/A (1)

  • Latest filingsAnnual report (10-K) Feb 28, 2024
    Quarterly report (10-Q) May 2, 2024
    Proxy statement (DEF 14A) Mar 30, 2023
    Latest 8-K (8-K) May 16, 2024

Sources

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