Standard Parking Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $4,224,000 and net income attributable to the company of $4,186,000 or $0.27 per basic and diluted share on total revenue of $172,322,000 against net income of $5,105,000 and net income attributable to the company of $5,109,000 or $0.30 per basic share and $0.29 per diluted share on total revenue of $177,411,000 for the same period a year ago. Operating income of $8,370,000 compared to $9,920,000 for the same period a year ago. Income before income taxes of $6,878,000 compared to $8,249,000 for the same period a year ago. For the nine months, the company reported net income of $10,956,000 and net income attributable to the company of $10,812,000 or $0.71 per basic share and $0.69 per diluted share on total revenue of $518,465,000 against net income of $14,784,000 and net income attributable to the company of $14,663,000 or $0.83 per basic share and $0.81 per diluted share on total revenue of $526,171,000 for the same period a year ago. Operating income of $22,170,000 compared to $28,710,000 for the same period a year ago. Income before income taxes of $17,876,000 compared to $24,518,000 for the same period a year ago. Net cash provided by operating activities of $14,779,000 compared to $19,653,000 for the same period a year ago. Purchase of leaseholds improvements and equipment of $2,820,000 compared to $3,539,000 for the same period a year ago. The company is expecting full year earnings per share to be at the low end of its previously announced guidance range of $1.05-$1.11 per share. This range continues to exclude the $0.04 per share charge incurred in the first nine months of this year for costs associated with the transfer of shares by the company's former majority shareholder and does not anticipate any additional costs related to the transfer or subsequent sale of those shares. Free cash flow is expected to be in the range of $15-$20 million.

Standard Parking Corp. expected to Report Fiscal Year 2009 Results on March 8, 2010. This event was calculated by Capital IQ (Created on November 2, 2009).

Standard Parking Corporation announced third quarter 2009 earnings of $0.27 per share, a decline of 7% from the third quarter of 2008. The Company's year-over-year growth in third quarter EPS was 25% after adjusting for certain insurance and legal related items and a prior year gain. Year-to-date free cash flow of $11 million is in line with the Company's full-year expectation of $15 million to $20 million. James A. Wilhelm, President and Chief Executive Officer, said, "We are encouraged by our third quarter results. In particular, our location retention rate increased to 90%, reinforcing our belief that our clients recognize the added value we bring to their operations." Wilhelm continued, "As we've noted in the past, our business model is diversified in terms of geography and the sectors of the economy represented by our clients and is based predominantly on fixed-fee management contracts, providing us with a measure of protection against economic downturns. We continue to experience some softness across our lease and reverse management portfolio in markets that tend to be more susceptible to discretionary consumer spending. However, we are encouraged by recent trends and remain focused on our long-term strategic goals, which include both organic growth and growth through acquisition, such as our third quarter purchase of the Gameday event, transportation and traffic management business and its Click and Park(SM) online parking reservation product. Our strong financial position and our experienced, proven management team should enable us to continue to deliver solid results in these tough economic times while building toward higher levels of sustainable growth in the future."