ePlus Q2 net sales up 19% to $587.6M; diluted EPS $1.22 (+14% YoY); guidance maintained

EPLUS INC

2024-Q2 EPS reported $2.49 revenue$1,161,786,000

Technology business net sales +21.3% to $571.9M; gross billings +7.4% to $856.5M.
Managed services gross margin improved 460 bps; revenue +20.7% to $32.7M.
Consolidated gross margin 24.6% vs 27.0% a year ago; product margin down on mix shift.
Net earnings $32.7M (+14.7%); adjusted EBITDA $53.6M (+6.5%).
FY2024 revenue guidance $2.23B-$2.33B; adjusted EBITDA $200M-$215M reaffirmed.

item 2.02 item 9.01

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 financial results for three and six months ended September 30, 2023.

Period: three and six months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 7, 2023, ePlus inc. announced by press release its results of operations for its three and six months ended September 30, 2023 . A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference .

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EPLUS INC filing history →

Source: SEC EDGAR

accession 0001022408-23-000113

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