secwatch.observer — SEC 8-K summary
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Issuer:     EPLUS INC (PLUS)
CIK:        0001022408
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001022408-22-000023
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ePlus Q1 revenue up 10% to $458.4M; GAAP EPS down 3.4%, non-GAAP up 1%
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- Net sales $458.4M (+10% YoY); technology segment net sales $448.8M (+12.1%).
- GAAP diluted EPS $0.84 (down 3.4% from $0.87); non-GAAP diluted EPS $0.99 (up 1.0% from $0.98).
- Adjusted EBITDA flat at $38.3M; gross margin 24.8% vs 25.3% (down 50 bps).
- Inventory up 59.2% from March 2022 due to supply chain constraints; cash $83.5M.
- Acquired assets of Future Com, Ltd. to expand security solutions in South-Central U.S.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022408/000102240822000023/0001022408-22-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022408/000102240822000023/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001022408-22-000023

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