SP Plus (SP) Misses Q2 EPS by 85c, Revenues Beat

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Go back to SP Plus (SP) Misses Q2 EPS by 85c, Revenues Beat

SP Plus Corporation Announces Second Quarter and First Half 2020 Results

August 6, 2020 4:06 PM EDT

--Managed Through Major COVID-19 Impacts--
--Operations Improved Progressively Throughout Q2 --
--Reduced Year-on-Year Reported G&A by 18% and Adjusted G&A by 30%--
--Achieved Q2 Positive Net Cash from Operations of $18 Million and Free Cash Flow of $13 Million--
--Expects to Generate Positive Net Cash from Operations and Free Cash Flow in the Second Half of 2020--

CHICAGO, Aug. 06, 2020 (GLOBE NEWSWIRE) -- SP Plus Corporation (Nasdaq: SP), a leading provider of technology-driven mobility solutions for aviation, commercial,... More