---
schema_version: "secwatch.filing_event.v1"
accession: "0001022408-23-000008"
form_type: "8-K"
ticker: "PLUS"
cik: "0001022408"
company_name: "EPLUS INC"
filed_at: "2023-02-10T23:59:59+00:00"
generated_at: "2026-06-19T17:23:18.183366+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ePlus Q3 net sales up 26% to $623.5M; diluted EPS $1.34, +36.7% YoY

## Summary
- 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.

## SEC filing metadata
- accession: 0001022408-23-000008
- form_type: 8-K
- ticker: PLUS
- cik: 0001022408
- company_name: EPLUS INC
- filed_at: 2023-02-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022408/000102240823000008/0001022408-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022408/000102240823000008/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001022408-23-000008
- JSON: https://secwatch.observer/filing/0001022408-23-000008.json
- Plain text: https://secwatch.observer/filing/0001022408-23-000008.txt

## Key facts
- Earnings Releases
  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
  source text: 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%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022408/000102240823000008/0001022408-23-000008-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022408/000102240823000008/0001022408-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.