---
schema_version: "secwatch.filing_event.v1"
accession: "0001022408-24-000010"
form_type: "8-K"
ticker: "PLUS"
cik: "0001022408"
company_name: "EPLUS INC"
filed_at: "2024-02-12T23:59:59+00:00"
generated_at: "2026-06-06T04:05:01.924978+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ePlus Q3 FY2024: Net sales down 18% to $509M; GAAP EPS $1.02 vs $1.34; guides to low end of FY range

## Summary
- 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.

## SEC filing metadata
- accession: 0001022408-24-000010
- form_type: 8-K
- ticker: PLUS
- cik: 0001022408
- company_name: EPLUS INC
- filed_at: 2024-02-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1022408/000102240824000010/0001022408-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022408/000102240824000010/8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001022408-24-000010
- JSON: https://secwatch.observer/filing/0001022408-24-000010.json
- Plain text: https://secwatch.observer/filing/0001022408-24-000010.txt

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