Welcome to our dedicated page for SP Plus Corporation news (Ticker: $SP), a resource for investors and traders seeking the latest updates and insights on SP Plus Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SP Plus Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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SP Plus (SP) reported record first quarter 2024 results with an 8% year-over-year gross profit increase, setting new records for gross profit and adjusted EBITDA. The Commercial division saw 4% reported gross profit growth and 5% adjusted gross profit growth, while the Aviation division achieved double-digit gross profit growth. SP+ continues to focus on innovative technology solutions, acquisitions, and technology investments to drive gross profit growth. Total technology transactions and their contribution to adjusted gross profit set quarterly records, nearing the goal of generating 10% of gross profit through technology solutions by 2025.