ePlus Q2 net earnings +58%; EPS $2.34; announces 2-for-1 stock split

EPLUS INC

2022-Q2 EPS reported $4.09 revenue$874,666,000

Net sales $458.0M (+5.8% YoY); tech segment net sales $436.3M (+4.0%).
Consolidated gross margin 26.9% (+400 bps); net earnings $31.4M (+58.3%).
Non-GAAP diluted EPS $2.59 (+54.2%); adjusted EBITDA $50.2M (+49.6%).
Board approves 2-for-1 stock split as 100% stock dividend; payable Dec 13, 2021 to record Nov 29.
Shareholders approved increase in authorized shares to enable the split (93.79% quorum).

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