8-K
filed November 9, 2022, 6:59 PM ET
ticker PLUS
CIK 0001022408
earnings
confidence high
sentiment neutral
materiality 0.70
ePlus Q2 net sales up 7.8% to $493.7M; diluted EPS down 8.5% to $1.07
EPLUS INC
2023-Q2 EPS reported
$1.91
revenue$952,065,000
- Net sales $493.7M (+7.8% YoY); technology segment net sales $471.5M (+8.1%).
- Diluted EPS $1.07 (down 8.5%); Non-GAAP diluted EPS $1.29 (down 0.8%).
- Adjusted EBITDA $50.3M (up 0.2%); gross profit $133.3M (+8.4%).
- Inventory up 77.3% from March 2022 due to supply chain constraints; headcount +175 to 1,729.
- Foreign currency translation losses of $3.9M in the quarter.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
EPLUS INC reported six months ended September 30, 2022 results: revenue $952.1 million, net income $50.8 million, EPS $1.91.
- Period
- six months ended September 30, 2022
- Revenue
- $952.1 million
- Net income
- $50.8 million
- EPS
- $1.91
- Result
- reported results
Exact text from the filing
• Diluted earnings per share decreased 8.5% to $1.07. Non-GAAP diluted earnings per share decreased 0.8% to $1.29. First Half Fiscal Year 2023 • Net sales increased 8.8% to $952.1 million; technology segment net sales increased 10.0% to $920.3 million; service revenues increased 10.2% to $128.3 million. • Adjusted gross billings increased 13.2% to $1,467.7
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
EPLUS INC reported three months ended September 30, 2022 results: revenue $493.7 million, net income $28.5 million, EPS $1.07.
- Period
- three months ended September 30, 2022
- Revenue
- $493.7 million
- Net income
- $28.5 million
- EPS
- $1.07
- Result
- reported results
Exact text from the filing
99.1 ePlus Reports Second Quarter and First Half Financial Results - Broad-Based Demand Drives 8% Sales Growth - Second Quarter Fiscal Year 2023 • Net sales increased 7.8% to $493.7 million; technology segment net sales increased 8.1% to $471.5 million; service revenues increased 7.1% to $65.2 million. • Adjusted gross billings increased 15.3% to $765.8 million. •
View on SEC.gov
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