Brief: Sp Plus Corporation Reports Q4 Adjusted Earnings Per Share $0.55

SP Plus

19/02/2020 21:14

Feb 19 (Reuters) - SP Plus Corp  SP.O :
    * ORATION ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2019
RESULTS
    * Q4 ADJUSTED EARNINGS PER SHARE $0.55
    * Q4 EARNINGS PER SHARE ESTIMATE $0.60 -- REFINITIV IBES
DATA
    * SEES FY 2020 ADJUSTED EARNINGS PER SHARE $2.95 TO $3.05
    * SEES FY 2020 GAAP EARNINGS PER SHARE $2.44 TO $2.54
    * PROJECTS 2020 CASH PROVIDED BY OPERATING ACTIVITIES OF
$77-$88
MILLION AND FREE CASH FLOW OF $65-$70 MILLION
    * EXPECT 2020 GROSS PROFIT GROWTH TO BE IN-LINE WITH
LONG-TERM
TARGETS OF 3%-4%, AND SIMILAR TO 2019 ORGANIC GROSS PROFIT
GROWTH
    * 2020 CAPITAL ALLOCATION STRATEGY WILL BE SIMILAR TO 2019
    * QTRLY TOTAL SERVICES REVENUE $421.5 MILLION VERSUS $377.3
MILLION
    * FY FREE CASH FLOW IS EXPECTED TO BE IN RANGE OF $65 TO $70
MILLION
    * EXPECT 2020 GROSS PROFIT GROWTH TO BE IN-LINE WITH
LONG-TERM
TARGETS OF 3%-4%
    * FULL-YEAR 2020 CASH PROVIDED BY OPERATING ACTIVITIES IS
EXPECTED
TO BE IN RANGE OF $77 TO $88 MILLION

Source text for Eikon:  ID:nGNX2gJJD4 
Further company coverage:  SP.O 

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