secwatch.observer — SEC 8-K summary
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Issuer:     EPLUS INC (PLUS)
CIK:        0001022408
Form:       8-K
Filed at:   2024-05-22T23:59:59+00:00
Accession:  0001022408-24-000028
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022408/000102240824000028/0001022408-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022408/000102240824000028/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001022408-24-000028

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