SP Plus Corporation Announces Additional $50 Million Share Repurchase Authorization
SP Plus Corporation (SP)
Last sp plus corporation earnings: 2/19 04:01 pm
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US:NYSE Investor Relations:
ir.spplus.com
Company Research
Source: GlobeNewswire
CHICAGO, March 09, 2020 (GLOBE NEWSWIRE) -- SP Plus Corporation (Nasdaq:SP), a leading provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America, today announced its Board has approved a new share repurchase authorization of $50 million. This new authorization is in addition to the approximately $11.5 million currently remaining under the Company‘s prior $50 million repurchase authorization that was approved in July 2019. G Marc Baumann, Chief Executive Officer, stated, “We are pleased with the new repurchase authorization, which provides us flexibility to opportunistically repurchase additional shares, given market conditions and our confidence in our long-term growth prospects. We believe our significant free cash flow provides ample funding to execute on our capital allocation priorities, which remain organic investments, acquisitions and opportunistic share repurchases.” The Company’s stock purchas
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