---
schema_version: "secwatch.filing_event.v1"
accession: "0001022408-24-000091"
form_type: "8-K"
ticker: "PLUS"
cik: "0001022408"
company_name: "EPLUS INC"
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T01:29:54.586625+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# ePlus Q2 FY2025: net sales -12.3% to $515.2M, EPS $1.17; guides FY25 EBITDA $195-205M

## Summary
- 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.

## SEC filing metadata
- accession: 0001022408-24-000091
- form_type: 8-K
- ticker: PLUS
- cik: 0001022408
- company_name: EPLUS INC
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022408/000102240824000091/0001022408-24-000091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022408/000102240824000091/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001022408-24-000091
- JSON: https://secwatch.observer/filing/0001022408-24-000091.json
- Plain text: https://secwatch.observer/filing/0001022408-24-000091.txt

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