---
schema_version: "secwatch.filing_event.v1"
accession: "0001022408-23-000022"
form_type: "8-K"
ticker: "PLUS"
cik: "0001022408"
company_name: "EPLUS INC"
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T10:08:06.022972+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ePlus Q4 net sales up 9% to $492M, diluted EPS $1.23 (+35%); FY23 revenue up 13.5% to $2.07B

## Summary
- Q4 net sales $492.2M (+9.0% YoY), technology segment net sales $483.2M (+15.2%), service revenues $68.7M (+11.5%).
- Q4 net earnings $32.9M (+35.5%), diluted EPS $1.23, adjusted EBITDA $48.7M (+22.4%).
- FY23 net sales $2,067.7M (+13.5%), net earnings $119.4M (+13.0%), diluted EPS $4.48 (+14.0%), non-GAAP EPS $5.02.
- Acquired CCI Systems NSG unit in May 2023; new share repurchase program of up to 1M shares authorized.
- Gross margin expanded 140 bps to 26.9% in Q4; headcount up 177 to 1,754, partly from Future Com acquisition.

## SEC filing metadata
- accession: 0001022408-23-000022
- form_type: 8-K
- ticker: PLUS
- cik: 0001022408
- company_name: EPLUS INC
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022408/000102240823000022/0001022408-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022408/000102240823000022/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001022408-23-000022
- JSON: https://secwatch.observer/filing/0001022408-23-000022.json
- Plain text: https://secwatch.observer/filing/0001022408-23-000022.txt

## Key facts
- Earnings Releases
  EPLUS INC reported the fourth quarter ended March 31, 2023 results: revenue $492.2 million, net income $32.9 million, EPS $1.23.
  - Period: the fourth quarter ended March 31, 2023
  - Revenue: $492.2 million
  - Net income: $32.9 million
  - EPS: $1.23
  - Result: reported results
  source text: Fourth Quarter Fiscal Year 2023 • Net sales increased 9.0% to $492.2 million from last year’s quarter; technology segment net sales increased 15.2% to $483.2 million; service revenues increased 11.5% to $68.7 million. • Technology segment gross billings increased 17.6% to $733.1 million. • Consolidated gross profit increased 14.7% to $132.3 million. • Consolidated gross margin was 26.9%, up 140 basis points. • Net earnings increased 35.5% to $32.9 million. • Adjusted EBITDA increased 22.4% to $48.7 million. • Diluted earnings per share increased 35.2% to $1.23. Non-GAAP diluted earnings per share increased 34.7% to $1.36.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022408/000102240823000022/0001022408-23-000022-index.htm
- Earnings Releases
  EPLUS INC reported the fiscal year ended March 31, 2023 results: revenue $2,067.7 million, net income $119.4 million, EPS $4.48.
  - Period: the fiscal year ended March 31, 2023
  - Revenue: $2,067.7 million
  - Net income: $119.4 million
  - EPS: $4.48
  - Result: reported results
  source text: Fiscal Year 2023 • Net sales increased 13.5% to $2,067.7 million; technology segment net sales increased 16.3% to $2,015.2 million; service revenues increased 9.9% to $264.4 million. • Technology segment gross billings increased 19.8% to $3,145.9 million. • Consolidated gross profit increased 12.3% to $517.5 million. • Consolidated gross margin was 25.0%, compared with 25.3% last year. • Net earnings increased 13.0% to $119.4 million. • Adjusted EBITDA increased 12.1% to $190.6 million. • Diluted earnings per share increased 14.0% to $4.48. Non-GAAP diluted earnings per share increased 14.4% to $5.02.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022408/000102240823000022/0001022408-23-000022-index.htm

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