8-K
filed February 10, 2023, 6:59 PM ET
ticker PLUS
CIK 0001022408
earnings
confidence high
sentiment positive
materiality 0.70
ePlus Q3 net sales up 26% to $623.5M; diluted EPS $1.34, +36.7% YoY
EPLUS INC
2023-Q3 EPS reported
$3.24
revenue$1,575,541,000
- Technology segment net sales $611.8M (+28.3% YoY); service revenue $67.5M (+7.9%).
- Net earnings $35.7M (+35.1%); adjusted EBITDA $53.3M (+27.6%).
- Non-GAAP diluted EPS $1.38, up 25.5% from $1.10.
- Gross margin 22.2%, down 150 bps from 23.7% due to lower product and service margins.
- Inventory $244.8M, +57.9% vs March 2022 but -10.9% sequentially.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
EPLUS INC reported third quarter fiscal year 2023 results: revenue $623.5 million, net income $35.7 million, EPS $1.34.
- Period
- third quarter fiscal year 2023
- Revenue
- $623.5 million
- Net income
- $35.7 million
- EPS
- $1.34
- Result
- reported results
Exact text from the filing
2 ex99-1.htm PRESS RELEASE EXHIBIT 99.1 ePlus Reports Third Quarter and First Nine Months Financial Results Third Quarter Fiscal Year 2023 • Net sales increased 26.0% to $623.5 million; technology segment net sales increased 28.3% to $611.8 million; service revenues increased 7.9% to $67.5 million. • Technology segment adjusted gross billings increased 29.7%
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
EPLUS INC reported first nine months fiscal year 2023 results: revenue $1,575.5 million, net income $86.5 million, EPS $3.24.
- Period
- first nine months fiscal year 2023
- Revenue
- $1,575.5 million
- Net income
- $86.5 million
- EPS
- $3.24
- Result
- reported results
Exact text from the filing
increased 36.7% to $1.34. Non-GAAP net earnings per common share-diluted increased 25.5% to $1.38. First Nine Months Fiscal Year 2023 • Net sales increased 15.0% to $1,575.5 million; technology segment net sales increased 16.6% to $1,532.0 million; service revenues increased 9.4% to $195.7 million. • Technology segment adjusted gross billings increased
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.