secwatch.observer — SEC 8-K summary
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Issuer:     EPLUS INC (PLUS)
CIK:        0001022408
Form:       8-K
Filed at:   2021-11-15T23:59:59+00:00
Accession:  0001022408-21-000049
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022408/000102240821000049/0001022408-21-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022408/000102240821000049/8k.htm
  HTML page:      https://secwatch.observer/filing/0001022408-21-000049

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer