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

Issuer:     EPLUS INC (PLUS)
CIK:        0001022408
Form:       8-K
Filed at:   2025-02-05T23:59:59+00:00
Accession:  0001022408-25-000015
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ePlus Q3 net earnings down 11.5%, adj EBITDA down 15.2%; guides FY25 sales $2.07-$2.11B
--------------------------------------------------------------------------------

- Net sales $511M (+0.4%); technology billings +6.6% to $849.5M; product sales down 9.5%.
- GAAP diluted EPS $0.91 (-10.8% YoY); Non-GAAP diluted EPS $1.06 (-10.2% YoY).
- Services revenue surged 52.2% to $113.6M, driven by acquisitions (Bailiwick, Peak Resources).
- FY25 guidance: net sales $2.07B-$2.11B, adj EBITDA $165M-$171M; margin improved to 27.6%.
- Net earnings fell 11.5% to $24.1M; operating expenses rose 17.3% on added headcount.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022408/000102240825000015/0001022408-25-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022408/000102240825000015/8k.htm
  HTML page:      https://secwatch.observer/filing/0001022408-25-000015

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