secwatch.observer — SEC 8-K summary
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Issuer:     EPLUS INC (PLUS)
CIK:        0001022408
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001022408-23-000113
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022408/000102240823000113/0001022408-23-000113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022408/000102240823000113/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001022408-23-000113

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