---
schema_version: "secwatch.filing_event.v1"
accession: "0001022408-24-000028"
form_type: "8-K"
ticker: "PLUS"
cik: "0001022408"
company_name: "EPLUS INC"
filed_at: "2024-05-22T23:59:59+00:00"
generated_at: "2026-06-01T09:34:38.875299+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ePlus Q4 net sales up 12.7% but net earnings down 33%; repurchases up to 1.25M shares

## Summary
- Q4 net sales $554.5M (+12.7% YoY); net earnings $22.0M (-33.1%); diluted EPS $0.82 vs $1.23.
- Product gross margin fell to 19.3% from 23.8% on higher enterprise sales; services margins improved.
- FY2024 net sales $2.225B (+7.6%); net earnings $115.8M (-3.0%); diluted EPS $4.33 vs $4.48.
- FY2025 guidance: net sales growth 3-6%; adjusted EBITDA $200M-$215M.
- Board authorized repurchase of up to 1.25M shares over 12 months beginning May 28, 2024.

## SEC filing metadata
- accession: 0001022408-24-000028
- form_type: 8-K
- ticker: PLUS
- cik: 0001022408
- company_name: EPLUS INC
- filed_at: 2024-05-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022408/000102240824000028/0001022408-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022408/000102240824000028/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001022408-24-000028
- JSON: https://secwatch.observer/filing/0001022408-24-000028.json
- Plain text: https://secwatch.observer/filing/0001022408-24-000028.txt

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