secwatch.observer — SEC 8-K summary
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Issuer:     EPLUS INC (PLUS)
CIK:        0001022408
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0001022408-23-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022408/000102240823000022/0001022408-23-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022408/000102240823000022/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001022408-23-000022

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