secwatch.observer — SEC 8-K summary
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Issuer:     EPLUS INC (PLUS)
CIK:        0001022408
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001022408-24-000064
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ePlus Q1 FY2025 net sales fall 5.2% to $544.5M; diluted EPS $1.02 vs $1.27 prior year
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- Net sales $544.5M, down 5.2% YoY; technology segment net sales $535.5M (-5.3%) on lower product sales.
- Net earnings $27.3M, down 19.2%; adjusted EBITDA $43.1M, down 19.9% from $53.9M.
- Diluted EPS $1.02 (GAAP), non-GAAP $1.13; both declined ~20% versus Q1 FY2024.
- Cash and equivalents $349.9M, up from $253.0M; inventory fell 36.2% to $89.1M.
- FY2025 guidance reaffirmed: net sales growth 3-6%, adjusted EBITDA $200-215M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022408/000102240824000064/0001022408-24-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022408/000102240824000064/8-k.htm
  HTML page:      https://secwatch.observer/filing/0001022408-24-000064

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