ePlus Q3 FY2022 net sales up 15.7% to $494.8M; EPS $0.98, adjusted EPS $1.10

EPLUS INC

2022-Q3 EPS reported $3.03 revenue$1,369,500,000

Net sales increased 15.7% to $494.8M; technology segment net sales up 14.8% to $477.0M.
Gross profit up 19.3% to $117.1M; gross margin improved 70 bps to 23.7%.
Net earnings up 22.1% to $26.4M; diluted EPS $0.98 vs $0.81; non-GAAP diluted EPS $1.10 vs $0.89.
Adjusted EBITDA rose 21.5% to $41.8M.
First nine months net sales $1,369.5M (+12.6%); net earnings $81.4M (+38.3%).

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