STAN

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"Based on the strong year-to-date results, the Company is raising its net earnings guidance for the year to $1.65 - $1.70 per share. The Company also is raising its pre-tax income per share expectation to $2.73 - $2.81."   
   
   
Approximate Financial Snapshot as of 2/11/08
Shares Outstanding 40.3M
52 Wk Hi/Lo 25.43/

15.53

Market Cap $18.6M
Recent Price $21.11

 

 

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2/11/08

Standard Parking Corp. (STAN)

Website: www.StandardParking.com

Manages Over One Million Parking Spaces


Overview

Standard Parking (Nasdaq: STAN) is a leading national provider of parking facility management services. The Company provides on-site management services at multi-level and surface parking facilities for all major markets of the parking industry. The Company manages approximately 2,000 facilities, containing over one million parking spaces in more than 320 cities across the United States and Canada, including parking-related and shuttle bus operations serving approximately 60 airports.

Standard Parking's diversified client base includes some of the nation’s largest private and public owners, managers and developers of major office buildings, residential properties, commercial properties, shopping centers and other retail properties, sports and special event complexes, hotels, and hospitals and medical centers, including properties such as the Arco Tower in Los Angeles, the Four Seasons Hotel in Chicago, the Harvard Medical School in Boston, the Nationwide Arena in Columbus and Westfield Shoppingtown Century City in Los Angeles.

In the airport market, STAN manages parking-related and shuttle bus operations serving airports throughout the United States, including Chicago O’Hare International Airport, Cleveland Hopkins International Airport and Dallas/Fort Worth International Airport.

This is an abbreviated profile and we encourage readers interested in learning more about Standard Parking to visit the company website at www.standardparking.com.


STAN Investor Highlights

  • Recently announced it has completed the acquisition of certain assets of G.O. Parking in Chicago, Illinois. The acquisition adds 25 locations to Standard Parking's portfolio.
  • The Company's Board of Directors has increased its existing authorization to repurchase common stock by an additional $25 million. Through September 30, 2007, the Company had repurchased $15 million of its common stock under the $20 million authorization approved by the Board in March 2007.
  • Recently announced that Alatus Partners has awarded it a contract to manage and staff Alatus' parking operation in Minneapolis. The total operation is comprised of over 4,300 spaces in four garages and two surface lots.
  • Announced that third quarter 2007 pre-tax income increased 45% to $7.7 million, or $0.81 per share, as compared with $5.3 million, or $0.52 per share, in the third quarter of 2006. 
  • Based on the strong year-to-date results, the Company is raising its net earnings guidance for the year to $1.65 - $1.70 per share. The Company also is raising its pre-tax income per share expectation to $2.73 - $2.81.

Recent News and Press Releases

Standard Parking Announces Contract Awards for Yankee Stadium, Washington Square Office Complex, Columbus City Center

Standard Parking Corporation Reports 2007 Fourth Quarter and Full Year Exceeding Guidance; Pre-Tax Income Per Share Up 37 Percent and 45 Percent Respectively

Standard Parking Corporation Completes Acquisition of G.O. Parking

Standard Parking Wins Alatus Contract

Standard Parking Announces 2-for-1 Stock Split, $25 Million Increase in Stock Repurchase Authorization and Appointment of Karl G. Andren as Director

Standard Parking Reports 56 Percent Increase in Third Quarter Pre-Tax Income Per Share; Raises Full Year 2007 Guidance

For the latest Quote and News on STAN Click Here.


Three Month Chart


Contacts

Standard Parking Corp.
900 North Michigan Avenue
Suite 1600
Chicago, IL 60611-1542
Phone: 312-274-2000
Fax: 312-640-6169


SEC Filings

STAN filings with the SEC can be found here. All Fillings are current and the Company is fully reporting.


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