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SP Plus Corporation (SP) CEO Marc Baumann on Q1 2021 Results - Earnings Call Transcript

May 01, 2021 12:07 PM ETSP Plus Corporation (SP)
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SP Plus Corporation (NASDAQ:SP) Q1 2021 Earnings Conference Call April 28, 2021 5:00 PM ET

Company Participants

Kristopher Roy - Chief Financial Officer

Marc Baumann - Chief Executive Officer

Conference Call Participants

Daniel Moore - CJS Securities

Tim Mulrooney - William Blair

Kevin Steinke - Barrington Research

Marc Riddick - Sidoti


Good afternoon, ladies and gentlemen, and welcome to Q1 2021 SP Plus Corporation Earnings Conference Call [Operator Instructions]. As a reminder, this conference call may be recorded.

I would now like to turn the conference over to your host today Mr. Kristopher Roy, Chief Financial Officer. Sir, the floor is yours.

Kristopher Roy

Thank you, Joanna, and good afternoon, everyone. As Joanna just said, I'm Kristopher Roy, Chief Financial Officer of SP Plus. Welcome to our conference call following the release of our first quarter 2021 earnings. During the call today, management will make remarks that may be considered forward-looking statements, including statements as to the impact of COVID-19, outlook for 2021 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 or implied due to a variety of risks, uncertainties or other factors, including those described in the company's earnings release issued earlier this afternoon, which is incorporated by reference for purposes of this call and available on the SP Plus website, and the risk factors in the company's annual report on Form 10-K and quarterly reports on Form 10-Q and other filings with the SEC.

In addition, management will discuss non-GAAP financial information during the call. Management believes the presentation of non-GAAP results provides investors with useful supplemental information concerning the company's ongoing operations and is an appropriate way to evaluate the company's performance. They are provided for informational purposes only. A full reconciliation of

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