other material
confidence high
sentiment neutral
materiality 0.85
ePlus completes sale of financing business to Marlin Leasing; pro forma EPS $2.99 for FY2025
EPLUS INC
- Initial cash consideration of approx. $180.1M; subject to post-closing book value adjustments.
- Potential additional payments up to $3.0M holdback premium and $10.0M earn-out (Lease Originations).
- Pro forma FY2025 net earnings from continuing ops: $79.8M vs. reported $108.0M; diluted EPS $2.99.
- Pro forma total assets at Mar 31, 2025: $1.69B; stockholders' equity $983.4M.
- Financing business sold includes domestic subsidiaries that generated $28.1M net income in FY2025.