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SP Plus' (SP) CEO Marc Baumann on Q1 2018 Results - Earnings Call Transcript

May 03, 2018 11:56 AM ETSP Plus Corporation (SP)
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SP Plus Corporation (NASDAQ:SP) Q1 2018 Earnings Conference Call May 3, 2018 9:00 AM ET


Vance C. Johnston - EVP, CFO, and Treasurer

G. Marc Baumann - President and CEO


Daniel Moore - CJS Securities

Tim Mulrooney - William Blair

Marc Riddick - Sidoti & Company


Good day, ladies and gentlemen, thank you for standing by. Welcome to the First Quarter 2018 SP Plus Corporation Earnings Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions]. At this time I would like to turn the call over to Mr. Vance Johnston, our Chief Financial Officer of SP Plus. You may begin.

Vance C. Johnston

Thank you, Olivia, and good morning everybody. As Olivia just said, I am Vance Johnston, Chief Financial Officer at SP Plus. Welcome to the conference call for the first quarter of 2018. I hope all of you have had a chance to review our earnings announcement that was released last evening. We'll begin our call today with a brief overview by Marc Baumann, our President and Chief Executive Officer, then I'll discuss our financial performance in a little more detail. After that, we will open up the call for a Q&A session.

During the call, we'll make some remarks that will be considered forward-looking statements, including statements as to our 2018 outlook and guidance and statements regarding the Company's strategies, plans, intentions, future operations and expected financial performance. Actual results, performance and achievements could differ materially from those expressed and/or implied by these forward-looking statements due to a variety of risks, uncertainties or other factors, including those described in our earnings release issued yesterday, which is incorporated by reference for purposes of this call and is available on our SP Plus website. I would also like

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