earnings
confidence high
sentiment neutral
materiality 0.65
ePlus Q2 FY2025: net sales -12.3% to $515.2M, EPS $1.17; guides FY25 EBITDA $195-205M
EPLUS INC
2025-Q2 EPS
reported $2.19
vs consensus $1.19
▲ beat
(+83.5%)
- Consolidated net sales $515.2M (-12.3% YoY); technology business net sales $493.3M (-13.8%); service revenues +46% to $103.7M.
- Diluted EPS $1.17 (-4.1%); non-GAAP diluted EPS $1.36 (-2.9%); adjusted EBITDA $52.1M (-2.7%).
- Gross margin improved to 28.7% from 24.6%, driven by higher-margin services and product margin expansion.
- Acquired Bailiwick Services (441 employees) on Aug 19, 2024; cash fell to $187.5M from $253.0M due to acquisition and share repurchases.
- FY2025 outlook: net sales similar to FY2024; adjusted EBITDA guidance narrowed to $195M-$205M.