earnings
confidence high
sentiment negative
materiality 0.75
ePlus Q3 FY2024: Net sales down 18% to $509M; GAAP EPS $1.02 vs $1.34; guides to low end of FY range
EPLUS INC
2024-Q3 EPS reported
$3.52
revenue$1,670,841,000
- Net sales $509.1M, down 18.4% YoY; technology business net sales $494.2M, down 19.2%.
- Consolidated gross margin 26.3%, up 410 bps; managed services revenue up 22% to $34.6M.
- GAAP diluted EPS $1.02 (down 24%); non-GAAP diluted EPS $1.18 (down 14.5%).
- Adjusted EBITDA $46.2M, down 13.4%; net earnings $27.3M, down 23.6%.
- FY2024 guidance: expects low end of revenue $2.23-2.33B and adjusted EBITDA $200-215M.