secwatch.observer — SEC 8-K summary
======================================

Issuer:     EPLUS INC (PLUS)
CIK:        0001022408
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001022408-24-000091
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022408/000102240824000091/0001022408-24-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022408/000102240824000091/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001022408-24-000091

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer