secwatch.observer — SEC 8-K summary
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Issuer:     EPLUS INC (PLUS)
CIK:        0001022408
Form:       8-K
Filed at:   2024-02-12T23:59:59+00:00
Accession:  0001022408-24-000010
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022408/000102240824000010/0001022408-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022408/000102240824000010/8k.htm
  HTML page:      https://secwatch.observer/filing/0001022408-24-000010

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